For most, it creates a cycle of borrowing and repaying. 

 

Debt isn’t just about wanting something now, for many it’s survival.

 

My clients have used debt to pay their rent.

 

With the cost of things these days no wonder they had to,  who could keep up?

 

Even if you had an emergency fund with 6 months of expenses, so many are afraid to use it, what if there’s not enough?

 

So many will  pay off debt only to rack up the balances again. 

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Know this too well. In 1992 filed bankruptcy with $32K of debt, stayed debt free until 2014 when an addiction to 0% credit cards led to $100K of debt.