Is It Worth Going into Debt for Show? A Different Perspective on Spending

Nowadays, many people buy things for themselves which they do not need. Just buy that thing so that you can show it to others. Is it so important? I believe that you should spend only as much as you can when you allow it. Why do you want to look better by getting into debt to show it to others? I have seen many people who take loans to buy new phones or gadgets and believe me, after some time they do not value that thing that much. I have seen some people who keep many things safely and it feels good to see this.

I don't consider it right to buy things just for show off and I wouldn't advise anyone to do so. Yes, if you have a lot of money then it's a completely different matter, then you can do whatever you want, and hardly anyone is going to stop you. If you are an earning person or the condition of your house is not so good, then I would suggest that instead of taking a loan, you should try to collect money and buy anything at once. It has many benefits, one is where you are from. If you want to buy goods, you can bargain from there and sometimes you get very good offers online too if you make payments together.

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Yes, nowadays things have become very easy because of EMI and small loans, but I would still advise you to use EMI and loans as little as possible, even if you feel it is right, but gradually you get used to it. And you are not able to come out of it. Well, the same happens with credit cards also, some people spend more than their pocket, we know that they will arrange money for it but still, this is not a good thing even if you ask for money. Paying your bills. Believe me, you will never be able to get out of this cycle unless you think about it.

Nowadays you will see that whenever you buy any phone, you will get the option of EMI on many credit cards and the interest on them is at least 15%. Many people extend this EMI for years because they have to pay less money, but if they calculate properly, they have to pay much more money than the phone itself can afford. 15% does not work, there is hardly any investment from where you get this much return. Yes HBD is a different thing but still. In many cards, you get the option of zero-cost EMI, but believe me, when their bill is generated, they include many hidden charges and you are forced to pay all these charges. If you do not do this then you have to pay interest on the amount and that is quite high. I have seen many such cases in which people have paid more money in interest than what they had taken the winning items from.

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So I would advise that whenever you plan to buy something, you should deposit money for it, buying it together will only benefit you. Yes, it feels good to pay more money at once, but I have to worry again and again. I believe that it is much better to postpone the worry. What do you think about this? Yes, due to Amy and small people, many people can buy such things that they cannot buy at once. For some people, this option is also very beneficial, but believe me, you gradually get into the trap. And you don't even know. I have given laptops to many people on Ami and still one of my laptop installments is going on, maybe next month will be my last installment.

I don't buy anything for myself. Yes, I recommend it to people. But believe me, if you use a credit card for direct payment then it is good. If you order any item from there on EMI then it is your loss because every month you have to pay something extra along with the bill. My compulsion is that I have to make all those extras because no one is ready to give them, so I have decided that next time I will not give any material from my card Amy to anyone if someone buys it directly. If you want, I will get it but not on EMI.
What do you think about this?

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A few posts from my past that might be helpful for you.

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