Like myself, I am sure many people are wrestling with the question, “Do I buy food this week or pay my credit card payment?”
Well, it seems we’ve got a bit of a “chicken or the egg” situation here, don’t we? In the grand game of “life or debt,” it’s a tough call. On the one hand, you’ve got your basic human needs: food and shelter, which are the foundation of Maslow’s hierarchy of needs. On the other hand, you’ve got the credit card debt, the modern-day financial albatross around our necks.
In today’s economy, where the cost of living seems to be skyrocketing faster than a SpaceX rocket, it might be wise to “prioritize” your Four Walls first: – food, utilities, shelter, and transportation. After all, you can’t eat your credit card debt, right? Living in a cardboard box might not be the best long-term solution – unless you want a minimalist aesthetic.
However, it’s worth considering the impact of credit card debt on your financial health. High interest rates can make it feel like you’re trying to climb out of an economic black hole. So, while keeping a roof over your head and food on the table is essential, finding a balance and not letting your credit card debt spiral out of control is crucial.
It’s like trying to juggle flaming chainsaws while riding a unicycle on a tightrope. It’s a delicate balancing act, and the best approach might be to focus on your basic needs first while also making a plan to tackle that credit card debt. Remember, Rome wasn’t built in a day, nor will your financial stability.