This is a great article on why people get into debt without even realizing what is happening! The basic premise of the article is that when a person gets their first job they are told they make $500/week.
However, that $500/week is really their GROSS salary and not their take home pay. In that person's mind, they believe they are worth and can spend $500/week. This is where they can run into trouble.
I like the simplicity of the thought. Not sure if anyone recognizes this in themselves, or if it was just me (this is how I used to think when I got my first job at 16!).
Anyone? I would love to hear your stories!
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