“As much as you love it when you buy it, it hurts you when you pay it back.” This sentence expresses the feelings of many young people after excessive consumption. In the overwhelming marketing advertisements, the desire for advanced consumption is packaged as the pursuit of freedom, and the consumption needs of many young people are stretched and amplified: they want to buy the figure that they yearn for, the latest mobile phone, their favorite lipstick, and good-looking products. I want to buy bags… Under the influence of this desire, some consumers lack the awareness of “living within their means and consume rationally” and the necessary financial knowledge, and are deceived by various online loan platforms that claim low interest rates and fast disbursements. , thus falling into the vortex of over-indebtedness.
So, how to achieve rational consumption?
1. “Three Principles” of Rational Consumption
1. Don’t consume in advance if you have no income.
The prerequisite for early consumption is that the consumer has the ability to repay. Before being employed, minors, college students and other groups mainly rely on their parents for living expenses. They have no source of income and insufficient repayment ability. Therefore, they must rationally restrain their consumption desires and avoid early consumption, let alone develop bad consumption habits of blind comparison. .
2. Spend according to your ability if you have income
Rational and healthy consumption concepts will never be outdated in any era. For consumers with a stable source of income, they can purchase goods and services according to their needs and enjoy a better life. However, for consumers who do not have a stable source of income for the time being, they should plan to spend in a controlled manner and live within their means.
3. Spend prudently if you have debts
Debt is a double-edged sword. Proper use can meet life needs in advance. Improper use may bring a heavy burden and huge psychological pressure to oneself. When considering whether to borrow money, consumers should first consider the pressure of repayment. They can draw a debt warning line for themselves and limit the consumption amount within a reasonable range.
Minsheng Credit Card provides tips: “Three Reminders” to avoid traps
①Lending advertising – don’t be gullible
If you need funds, you should pay attention to whether financial institutions, intermediaries or personnel are qualified to work, choose formal financial institutions and channels, and do not believe “no interest, no guarantee, no mortgage” and other advertisements.
②Encounter a trap—call the police quickly
Do not easily disclose your and your family’s identity information, deposits, bank cards and other personal information to others. If you encounter a “loan shark”, deal with it calmly, retain evidence, and call the police in a timely manner while ensuring your personal safety.
③Consumption habits – develop early
Clear financial goals help to systematically arrange consumption, savings and other related matters. Practical consumption plans can not only save expenses, but also cultivate your own financial plan management capabilities and lay a good foundation for life.