Spenditis the Disease

Today folks, I am going to talk about a disease that seems to permeate our society, Spenditis. You may ask what is Spenditis? To put it simply as spending every penny one makes plus future earnings through taking on mountains of unnecessary debt. It amazes me how many people I know buy an over sized (too expensive) house, several luxury vehicles, have several maxed out credit cards and a student loan (or loans if married) to boot. Folks, you are never going to pay this back. The problems will begin when economic trouble hits, i.e. job loss, sudden illness. At that point, you fall behind on payments and it will all vanish in a heartbeat.

I am not arguing against buying things that pertain to hobbies, travel or other nice items as long as it is within your economic means. We have our interests and that is one thing employment supports. Our interests should not enslave us though.

What is the cause of Spenditis? I am not sure. Things that contribute to this misdiagnosed malady are feelings of entitlement, narcissism, keeping up with the Joneses and our consumer culture. Personally, one factor that contributes heavily to those want-to-be high rollers is the inability to distinguish between a want and a need. Needs are the basics like food, clothing, shelter, medical care and other society factors like education. In most cases, if an item is a luxury purchase it fits into a want. The best want example is Imelda Marcos' 2700 pairs of shoes. For the 99 % of people who are not extraordinarily wealthy, this would bankrupt them. To her, being president of the Philippines, the want did not permanently damage her economic standing.

Please avoid Spenditis. You will appreciate it when the hard times come, and they will come. The best analogy is The Ant and Grasshopper fable from ancient times.