Why Babies Never Go Into Debt
May 21, 2007
When a baby is hungry, tired, or angry they cry. As we get older we become socialized and learn to hold back these crying fits to integrate into society. In some cases this habit of suppressing our emotions can be dangerous to our pocketbook.
No Money = No Stuff
When kids want something they don’t have the money for their initial reaction may be to stomp and scream because they can’t afford it. They throw a temper tantrum but in the end they walk away without it because they don’t have the money.
No Money = Use Credit Card
It’s too bad that we can’t carry those traits over to adulthood. All too often when we can’t afford something now, we whip out the American Express. It’s much easier to put it on the credit card and breeze through the line. We can worry about the card balance and interest fees later in the privacy of our own home.
Throw a Fit, Save Your Wallet
If only we could revert to those toddler years. We’d be much better off in the end if we threw a fit in the middle of the store because we didn’t have the money and left empty handed. Sure it might be temporarily embarrassing but we wouldn’t be making someone else rich by using credit cards and killing our own financial independence.
All posts by Ben Edwards