Paulina asked:
What would you think of someone who is seriously in debt but goes on an expensive holiday, 2,500 dollars?
What would you think of someone who is seriously in debt but goes on an expensive holiday, 2,500 dollars?
Would you think they are trying to sort out their debts?
#1 by nani628484 - January 20th, 2010 at 12:24
they want to enjoy they think that debt is asmall in the happiness
#2 by vacantxpression - January 23rd, 2010 at 18:45
NO! They’re trying to get even more into debt!
#3 by Rottie Mom - January 24th, 2010 at 00:34
It depends on what kind of debt the person has. If it’s a house mortgage, not a problem. If the debt is credit cards, definitely a problem.
My daughter went wherever she wanted, bought all kinds of stuff she didn’t need, put it all on credit cards. Then refinanced her home at least twice, and used that money to pay off the credit cards so she could run up more bills on them. Now she has no home and no credit because she was completely out of control with her spending. The original price of the home she bought was $95,000. WIth her refinancing, she ended up with a $225,000 mortgage and couldn’t make the payments so she lost her home. PLUS she still had $25,000 in credit card balances.
I tried to tell her that what she was doing wasn’t a sensible way to handle her finances, but she told me it was her life and I should just mind my own business. Oh, by the way, my daughter turned 42 yesterday, and is living in a ratty little apartment with her infant daughter and no husband. I guess some people just have to learn the hard way.
#4 by John M - January 24th, 2010 at 13:26
It sounds like the lack the ability to handle money. Most likely they react impulsively. There really isn’t a whole lot you can do to change their behavior since spending money is a lot like alcoholism. They need to want to change.
#5 by robert43041 - January 26th, 2010 at 03:29
I would think they’re a bit irresponsible: how “serious” is “serious”?