What is a spendthrift?

You could be earning what someone can all a dream salary. However if none of it remains with you at the end of the month it’s completely useless. The world and life are both unpredictable. You need to conserve your resources and save for a rainy day too. For instance any kind of medical emergency might arise up at any time.

You will need to pay the costs of the doctors etc which could be pretty high. At that time if you go and seek loans, it will be a problem for you to repay them at a later stage. This is because the rates of interest fro loans are usually high. If you don’t have the habit of saving today and spend all that you have, you are a spend thrift.

You might like to buy 50 pairs of shoes today, but you can’t wear them all together, nor can you wear them daily, this way the shoes do get spoilt as they also have a life. Apart from that if you buy excess today, you can’t buy what is the new trend after some time. This way you will feel frustrated. Well if you have some money saved up it can also help you in making investments, so that when you retire from work you wouldn’t have to cry for money.

Intelligent decisions today in the prime of life can make your future secure for you. Don’t take pride in being called a spendthrift. Don’t be careless with your money. Shopping can become a compulsion for a spendthrift and eventually become such a big problem that you might never be able to escape from it.

Mostly the spendthrifts are self centered and can’t buy enough to please themselves. They are not interested in giving something to someone else, but buy whatever catches their fancy. Also there are some spend thrifts that simply throw their money around in wasteful activity to please and showoff their friends. Such a person is usually taken advantage of by others.

The trend of being a spend thrift and spending more than one can afford is becoming increasingly common in the world today. This is also apparent from the number of applications for bankruptcy that are filed theses days. The trend is unhealthy for the economy of the nation as well as for the financial health of the citizens. Such habits need to be curbed at the earliest.