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From the grapevine, you heard your company will be giving out big bonuses. So you start spending big, usually using credit cards. You end up with financial problems because the bonus was far less than had expected or, worst, there aren’t any! If you are a spendaholic, you are not alone. Many people struggle with their spending habits and don’t know where to draw the line. Shopping and spending has become a modern-day manifestation of the old human hunting and gathering behavior. Instead of getting the biggest woolly mammoth, we now go to the malls or shopping complexes searching for the ”big kill”. It is a problem but it can be overcome. The biggest step one can take is to realise that one has the problem and find ways or seek help to resolve it. For the “spendaholics” out there, let’s usher this New Year by making a resolution to plan your spending and manage your debt well. |
