Work hard and pay back slowly.

Look at the picture above, if you are born in the 1990s, congratulations, you have not even reached the per capita debt, and there is still "room for growth" hehe. . .

For those born in the 1980s, I think this number must be increased online. I think most people did not expect that one day they would owe a hundred thousand or something when they first applied for a credit card. With a credit card debt of 100,000 yuan, how should young people get out of the trap? I think we can try to do the following:

First, form a correct concept of consumption

Maybe too many people have been brainwashed by too many chicken soup articles, and they are always instilling the pursuit of A high-quality life seems to be different from other people's lives as long as you drink Starbucks coffee, wear big-name sneakers, and eat Sony audio. But in fact, psychological richness, family happiness, and the intimacy of friends are far more practical than this material pursuit.

Of course, it is understandable to buy higher-quality things and eat higher-end Western food as long as your financial ability allows. But when your income is not that high, blindly pursuing high quality and blindly comparing yourself with others will create a growing psychological imbalance in yourself. As time goes by, you will begin to break through your own financial capabilities to pursue high quality. Consumption then gets out of hand, and various debts come one after another, which can never be completely cut off.

Second, be aware of the seriousness of debt

Many young people do not think too much about the consequences when they buy things. Anyway, they have a limit on their credit cards, so they use it first. The big deal is installments, but if too many installments add up, it should not be underestimated. Once you get your monthly salary and pay back the various installments, you can only eat instant noodles every day.

Furthermore, if your various overdraft consumption cannot be repaid when due, the consequences cannot be ignored. For example, various online loans are connected to the central bank's credit reporting system. If they are overdue, they will affect your personal credit reporting and have an impact on other aspects of your future. Therefore, it is recommended that all friends who have loans and installments must pay them back on time. Don't go overdue.

Moreover, many young people do not have families yet. They can take care of the whole family without panic, but they should start planning for the future. When they have families and children, diapers, milk powder, etc. It costs money, including schooling and medical treatment. If you don't plan in time, the whole family will be burdened with huge debts, which will make people unhappy.

Third, learn to invest and manage money

One important reason why young people always fall into the quagmire of unlimited debt is that they have no awareness of financial management. I only know how to spend money, but I don’t know how to save money. If this continues in the long term, it will definitely be a situation where we cannot make ends meet. Therefore, you must learn the skills of investment and financial management, let your money work for you, slowly change from being unable to make ends meet to having a surplus, and finally move towards financial freedom step by step.

There are two aspects to investment here. One is the investment of money. You can use regular financial products, bond funds and other products to make money when you have spare money, and at the same time, you can effectively lock in your remaining money to avoid being spent at any time. The second is to invest in yourself. The best investment is to invest in yourself and let yourself learn more, including further improvement of your major and accumulation of social contacts to enhance your intrinsic value.

The last thing I want to say is: Don’t spend what you need indiscriminately, and don’t spend what you should spend indiscriminately. This is the correct view of financial management and consumption. I hope everyone can get out of the trap as soon as possible.