After I read Bound to Buy: The ten types of consumers who inevitably overspend, I thought about my financial type. I have ventured into all the types at some point in my life and I wondered why. Why do I spend money I don't have? I came to the conclusion that it is an American trend to overspend. The culture that we live in is geared towards convenience and luxury. Our society has cultivated these types of consumers. Even though the author takes a humorous perspective on this topic; this is a very serious matter. Take a look at the state of our economy we all helped create this.
How are we going to make a change for the better? We have to educate ourselves on how money works and then teach our children, so they won't live in debt their whole lives. Each consumer type that the author describes is an over spender. These same types of consumers are our elected officials. The politicians overspend, but it is easier for them because there is no end to the resources available. If we teach our children how to be responsible with money they will grow up to be good stewards of their money.
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