“It may happen as bankruptcy, foreclosure, a mountain of credit card debt or as a penniless and destitute existence in your golden years”
I am fortunate enough to live in a lovely home which is in a pretty little village in the south-west of Sheffield. I am lucky to live a cosy and sheltered life at home with my parents and because of this, I currently have no intention of moving out.
Where I live, there are a lot of what I call ‘showy’ people. These are people who seem to have the newest ‘everything’, whether it be cars, bags, shoes, houses… anything. And it seems really easy to get caught up in it all.
Don’t get me wrong; a lot of people in the village have worked hard to get where they are now and to have the lifestyle they do, but there’s an awful amount of competitiveness, especially between the women and young ladies – but that’s the same everywhere I suppose.
For people in the village like me, who don’t have ridiculous amounts of money to spend on ludicrously expensive things, the whole ‘Keeping up with the Joneses’ attitude can be very dangerous and can eventually lead to financial ruin.
Yes, the desire to show off one’s success and the need to have what other people have, used to be the driving forces behind this saying, but now, the increasing amount of advertising that surrounds us and the easy availability of credit are pushing more and more people into the danger zone.
Credit cards can be really risky and of great harm to your finances. When you pay on plastic, you don’t bother thinking about how much money you’re actually spending, and a lot of the time it’s not even your money anyway. By the end of the month, when the bills come in, it’s easy to be shocked, “Was it honestly that much?”, “Did I really spend all that?” and most of the time, the answers to these sorts of questions will be “yes”.
When reading various articles to help give me some inspiration for this blog, I came across an article on MintBlog regarding bills, which said “the bill will eventually come due at some point down the road.” The article then went on to say “It may happen as bankruptcy, foreclosure, a mountain of credit card debt or as a penniless and destitute existence in your golden years” and I don’t think I could’ve put it any better myself.
If you have a healthy amount of money in the bank or an endless amount of cash, by all means spend it, but if you have concerns regarding your finances and your future, free confidential advice may come in handy.
If you’re reading this and thinking it all sounds a bit familiar, the staff at Wilson Field are here to help. Please contact us on 0800 458 3320 for free professional advice.
Anyway, the truth is, in today’s day and age the Joneses are probably broke too.
By Blair Lomax