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Having lived under the blanket of my parents all my life, never was i able to learn how to manage money, whenever it was short i would ask and when it would be too much then steal some. Have always lived with parents hence i had limited expenses and any one of the two methods stated above would always serve my requirement.

Finally in 2001 i moved out of the house for my engineering for the first time in my life. With bad money managing skills it wasnt too long when i ran short of of money in the very first month and had nicely exhausted the reserve money that was only to be touch in case of EMERGENCY and in absolute crisis. However always i had a knack for making friends so after having exhausted all means of getting money from my parents in a short time i already came under debts with friends. It started with a couple of hundred baucks initially and by the end of 4 years i was under thousand and thousands rupees in debts with my friends who apparantly had no problem giving more as long as i was a part of all the events without a choice or any descretion to the extent that my monthly allowance would go just in repaying them and again looking for fresh loans with a disbalance in the amount bieng loaned then the money being recieved monthly with the latter bieng way less then the former.

To worsen the situation my bank came up with a cheme to entice and trick the final year students in to taking there credit cards and gave credit cards to students without any background check or anything whatsoever. The limit of the card was set to INR 8000. This was the first step to my doom. After having successfully ruining myself with debts with friends i did not know that i was falling for a bigger trap. This time there was no buying time from friends to pay back money, now it was PAYING TIME to delay payments @ 36% per anumn to the bank which would keep compounding.

Anyways finally after getting out of college got back home and got a job and i kept paying back friends and bank with money again compounding on me form my bank. Not able to withstand the situation and bieng patient in my spending and slowly paying of the debts instead in a hurry to splurge my hard earned money i gave into the other DEVIL, “PERSONAL LOAN” again at exobident interest rates, however it did the serve the purpose initially and i did pay off the loan and suddenly i had my entire salary to my self with a small and a steady amount bieng deducted monthly.

The whole feeling of being debt free for the first time in 4 – 5 years was so overwhelming that this time i went full blast on a spending spree and further with my job and with new higher limit credit cards thousand became lacs and from one personal to 2 to three. today more then half my salary is going to pay for my EMI’s and with further balance being accumilated on cards.

Is this a psychological problem where does this end, does this ever stop. I cannot even buy a burger without thinking of its consequences and its financial impact on me. I wake up in the middle of the night wondering how i can make some extra money. i even googled it as though it would solve my problem, i guess they do have a solution ” MAKE MONEY ONLINE” 100’s of dollars a day thousands a month, but with a small joining fee. You pay that small amount and all you get in return is a hope for three four days that this could be the end to your misery.

It will never stop you will not become rich it will keep going on and on and on till one day it will consume you, and if you’ve screwed up ROYALLY then maybe some tabloid will make money and increased sales or a television increased TRP for a couple hours telling people about you.