How Addictions Lead To Debt

Posted on July 31, 2010 @ 4:53 am

There are so many people out there that get into debt over a lot of small things indeed but what are the common things that get them into the position they get into? Are there ways to stop this kind of thing or is it inevitable that it is going to happen to people of the world?

 

Drinking

Although this often isn’t what comes into peoples minds when debt is thought of, it happens and it is something that if people get addicted to could actually end up spending all of their money on. Drinking is not the easiest of addictions to get over and people can spent up to 50-200 pounds on alcohol per day which adds up very quickly indeed.

 

Drugs

This one is a lot worse than drinking because of some of the effect it can have on the body, some of them are shocking. You will find that debt can build up a lot quicker with something like this because they cost more. There are also added risks with this one because it is illegal. One of the main reasons a lot of people actually turn homeless is because of drugs and it is one of those things that is hard to recover from. Homes and small fortunes can be lost in a matter of months when it comes to things like this.

 

Both of these ways are really rather shocking ways people can end up in debt but they really do happen. This is not going to happen to that many people realistically but it can happen in the normal kind of way. This will usually range from borrowing too much money to a falling business.

 

Look out for credit cards for people with bad credit along with adverse credit cards and poor credit credit cards.

So there you have it really, make sure you watch the money!







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