Amdani athani aur kharcha rupiya… Expenses are more than income…
What is your opinion on auqat say ziyda kharidari?
Re: Credit Culture
meraa slogan:
jab dunyaa kaa har mulk maqrooz hai to har insaan maqrooz kiuN na ho?
credit cards se dunyaa jannat bhii bantii hai aur jahannam bhii!
jitnii chaadar ho utnaa hii paaoN phailaao. :)
Re: Credit Culture
Its universal and was always there.
hazaron khwahishen aisi ke her khwahish pe dum nikle :hinna:
Re: Credit Culture
Credit culture has always been there but it seems to me that in recent times people have become rather cavalier about it and don’t think twice about living above their means. Was it always like this or do we just here about it more often these days?
Re: Credit Culture
Credit culture has always been there but it seems to me that in recent times people have become rather cavalier about it and don't think twice about living above their means. Was it always like this or do just here about it more often these days?
I think it was always same and we always find references about indebted people in every period of history. The situation in today's times seems severe because now we have increased no. of required items as compared to items required in past.
In all languages and culture we find sayings and proverbs for advising people not to cross their limits like 'chadar dekh kar paon phelao' , but then there are sayings which promote spending beyond limits as well.
There is this saying in Sindhi 'parai main akh, pehnji main hath' meaning ' parai cheez mian aankhen hoti hain aur apni cheez main hath i.e. you can just see others possessions and wish for having that, but if you have that item in your possession, you can use it according to your wishes. Now this might have been used to be independent, but it also encourages to have something whether you can afford it or not.
Then in Urdu, we have this 'sasta roye baar baar, mehnga roye ik baar', which again doesn't consider affordability problems.
Re: Credit Culture
I think most people would prefer to live within their means but sometimes relying on credit or loan also makes sense.
For example, taking a student loan for grad or professional school that would allow one to get a better job in future is a sensible thing to do; splurging on a vacation by banking on a credit card not so much.
Likewise, often it is economically prudent to buy a house rather than rent. So if one can take a mortgage to buy a house or an apartment then why not?
Of course the interest rate matters too and shouldn't be outrageous. The interest rate on mortgages or student loan that the government Department of Education provides in some countries is normally quite low but credit cards can have a very high interest rate of as much as 20% or so. So it's probably best to avoid a credit card purchase that otherwise one can't afford unless it's really necessary and unavoidable.
Re: Credit Culture
lo jii, is par yeh gaanaa bhii sun leN:
**
aamdanii aThhannii, kharcha rupiayaa
bhaiya, na poochho aaj
nateeja Than-Than Gopal
nateeja Than-Than Gopal**