For the life of me, I don't understand parents who rack up obscene, ridiculous debt on credit cards in order to give their kids a "good" Christmas. Better hope you can eat your PS 5 come March when the bills are past due and Mommy has to work three jobs in order to push off bill collectors.
I get it, I've been poor before. I've had the bill collectors calling me and demanding money. It's not a pleasant experience and it can be downright scary. So I while I don't have kids, I know what it's like to be broke. I think the most frustrating part of being broke for me was realizing that I was mostly responsible for it. My own actions and my own stupidity caused this because I didn't have the ability to stop my own behavior and see the consequences of it.
In general, one of the most unintelligent things you can do to yourself is to charge up credit card debt. Again, I get it-a car can break down or we can have an unexpected expense here or there but buying things you don't need on credit is a truly bad idea. Another bad idea is to take out payday loans where they charge interest that borders on usury. Payday loans and car title loans should be an absolute last resort.
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