If a homeless is broke, and you're in debt, does it mean that he's better off financially than you?
Lately, I've been told that I was getting ahead in life. Little do they know that I'm actually more in debt now, at 23, than I was when I was 19. How is that getting ahead?
I often find myself buying stuff and giving the excuse "it's ok, my friends bought it too and I ain't worse financially than them". One thing that I seem to forget, however, is that my friends are also broke. What I should be telling myself is "would someone financially responsible buy this based on my current financial situation?".
Time is money, by wasting money we are also wasting time; the most precious resource we have.