Spending (May 14)

We spend our money how we see fit to do so. Yet, at the same time we get upset when others are spending their money in a way that we do not see fit, especially when it comes to big business and entertainment. The reality is that a majority of the people in this world maintain some kind of debt and yet continue to spend. Not that their example in the United States government is any different than themselves. Should we be surprised that the financial crisis that we find ourselves in is here? Should we not expect that whatever band-aids are put on this financial crisis will last only until the next meltdown that promises to be bigger and more difficult? If the world wants to change the issues that it faces the thing that needs to change is the way that we spend money. That is not just big governement which has a huge hole to dig itself out of but it also comes down to the individual and the way that they spend money. There should be exactly two things that anyone including the government should go into debt for. First is education and the second is housing. Of course the banks need to learn how to structure loans so that it is actually possible for the average American to actually be able to pay those loans off. Spend the money that you have and nothing more. Save your money for those days that will be difficult and live a more simple life.