1) Celebrate by going out and spending $150 on dinner.
2) Then hitting the mall and dropping $100 on a pair of jeans.
This is what a friend of a friend of a friend just did the night of filing for bankruptcy. What the hell is wrong with people?
Seriously, I like to give everyone the benefit of the doubt, but come on… how do you NOT realize what you’re doing here? 3 times a charm? I just don’t get it man. If I personally knew who they were, or what they look like for that matter (hah!), I’d at least try and talk some sense into them. But then again, from what I hear they’ve stopped taking advice from friends years ago. Oh, and they also have kids :(
If I ever did get a chance to talk with them though, or any others in this mess for that matter, I’d advise one thing and one thing only: Counseling.
It seems people who go bankrupt time and time again have deeper issues than simply overspending. Perhaps one being that they just don’t CARE? They’ve gotten away with “avoiding” debt once, maybe they feel like there aren’t any consequences? I dunno…I feel like certain people just don’t WANT to have good finances sometimes. Like it’s too adult-like or something. A counselor could help wake them up though and shake some financial sense out of ’em! It’s not like you have to cut out ALL spending, you know? You just do it in a reasonable way :)
So please, if you’re in financial trouble, ASK FOR HELP! Don’t teach your kids to be psycho little spending machines – own your actions and take responsibility. You’ll feel a lot better about it too!
Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!
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What's the catch? Usually balance transfer cards charge a fee (around 3% of your debt balance) to let you transfer your balance to their 0% interest offer. But we've found a great credit card that will let you do a balance transfer absolutely free. Click here to learn more and see if you qualify!
PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.