In last 10 years, 10 major reason for degradation of financial situation of many families
In last 10 years, 10 major reason for degradation of financial situation of many families.
- Everyone in family owns smartphone
- Vacations under social pressure
- Buying a car as a status symbol
- Avoiding home made food and unnecessarily eating out on weekends
- Brand concious for salons, parlours and clothes. Spoiled lifestyle is increasing medical expenses.
- Trying to make Birthday and anniversary special by spending more money rather than time together.
- Grand weddings and family functions
- Commercialization of schools and tuitions.. education…
- Spending what you haven’t yet earned… loan and credit card .
10.Spending tons of money on interior of house & office and increase of the Maintainance cost.
#Income is #not growing at the rate at which expense is growing.. results in more #distress & less peace.