Will a little debt hurt? For most students and ex-pats moving to Italy, getting into enormous debt begins with this question. When you start buying little by little on your credit card, soon, you will be in debt before you know it. But what is bad in little or lots of debt? Below are what little or lots of debt will cost you and why you need to save rather than going into debt.
1. Debt encourages you to spend than you can afford
Something about debt is that it tempts you to keep spending even when you cannot afford it. Part of the debt allure is that you can get the most emotionally happy when you start getting new things any time you want it without the immediate pain of not having money. However, this expenditure will finally catch you up and land you in outstanding debt, which is … Read the rest