What do you do?

To follow up on the previous post, there are a few things you can try out:

  1. Let them go through with the decision and hope that they learn from it.
  2. Try to set an example and convey a healthy financial lifestyle.
  3. Try to talk to them and convince them the potential problems they’ll face.

Here’s the thing. It’s been mention before that I spent rather frivolously in the past (hence the name of the blog). During my money-grows-on-tree days, if a family member — like my sister — was to tell me to watch my spending, I would have given her the finger and told her what she often tells me when she flips me off: “sit on it and spin.”

When my mom told me to watch my usage of the credit card, I ignored her advice. She tried to convince me a bit more but unfortunately I was a stubborn moron. Long story short, mommy was right. Being in debt is not fun.

My mom tried option #3, which didn’t work. So she went with option #1 and left me alone. It wasn’t easy and it wasn’t fun, but I eventually figured things out for myself. Had I not seen the light earlier, this blog would have been named StopGoingInDebt.com.

If you try those options above and none of them work, what should you do? Although it can also be an option, giving up doesn’t seem like the right thing to do. After all, whether they be friends or family, most people wouldn’t want the people they care about to continue making decisions that results in financial hardship — especially when they’re avoidable.

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