Abacus Daily Debt News

Before Spending - Think how much labour it is costing you.

Karl Marx stated the only thing the working classes possess is their labour. That’s not true now, but for most people, we work for so many hours, then we get paid an hourly rate for working those hours.

So when we spend money from savings, we spending from our past labour. When we spend on credit, we are spending money we have not earned yet, in other words we are spending our future.

So, the next time you are about to make non-essential purchase on credit ask yourself, how much of my future is this costing me?

Many people in need of debt management help, have in effect already spent years of their future. If your circumstances allow you to quailify for an IVA, then at least 5 years is as far in the future and a return to a debt free life need be.