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Consequences of being addicted to spending .
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[QUOTE="Chibson, post: 237267, member: 27553"] Being addicted to spending has a lot of disadvantages because it will not give you the chance to save money and actually venture into any business and at the same time you will not invest your money in any reasonable thing that would probably multiply it in the nearest future. The truth is that the kind of lifestyles people live actually determines the amount of money they can save because if you have a very expensive lifestyle there is no way you can be able to save any tangible amount of money. If you are making about $1000 on monthly basis I think you should try as much as possible to be saving at least 200 or 300 dollars on monthly basis because it can go a long way for you in the nearest future. This is one thing that a lot of people do not know and they are always carried away by their current income stream. if you have a business it is important you try as much as possible to venture into other businesses because that alone can give you the opportunity not to overspend your money. Investing in the right things and spending certain percentage of your monthly income is very important if you don't want to go into bad debt. [/QUOTE]
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