It has to be questioned whether the fast loan culture has been a good thing – particularly for women… It appears that women have greater money problems than men and are deeply worried about settling credit card debt. They earn less, they are often on their own with responsibilities of children, rent/mortgage and keeping house and home together… It’s a great weight of responsibility…
Added to this is that your average woman seems to lack the ability to refuse the temptation to spend money – even when she doesn’t have any!
Women also suffer from guilty feelings when spend money they don’t have… Women spend then feel guilty unlike men who just don’t suffer the same!
How do women deal with these problems? It appears that they have acquired skills in making many excuses to cover their feelings of guilt and to hide from the reality of their situation. They get away with making excuse after excuse, either due to being on their own and not having to answer to another person, or because their excuses are believed by their husbands or partners. Deceit seems to be the answer!
Whatever the case, these women are being driven further and further into a debt cycle. All the lovely things they buy on a whim doesn’t alter the fact that most of it isn’t paid for and they feel endlessly guilty. So really, all the clothes, shoes, make up and household ‘goodies’ mean nothing…
So what are the most common excuses?
Firstly is the, ‘It was in the sale’ excuse, used by 8 out 10 women. This one is closely followed by ‘I needed cheering up!’
Following on from the top 2 excuses are, ‘I deserved a treat’, ‘I haven’t bought anything new for a long time’, and ‘I’ve wanted one for a long time’.
It seems from research findings that 3 out of 4 women try to defend their over spending when they know they haven’t really got any money…
In excess of 60% of women admit to feeling guilty when they’ve spent money they can’t afford and 25% suffer cold sweats and feelings of panic due to their excessive spending habits.
It appears that on average 50/80 is being overspent by women every month with 10% of women spending $160/100 more than they actually have. These amounts of money are being added to their household debt every month. Practically half of all women admitted to knowing that they would over spend before they even left their homes to go to the shops.
Women’s attitudes towards spending money has to change if they’re to avoid financial disaster. They must learn to control their spending and take stock of their financial situation. If you have debt problems a debt consolidation loan or a credit repair card fast loan may help. Professional advice should be taken and nobody should feel embarrassed or ashamed about asking for help. There is assistance available to help you get your finances into better shape.
After you take action and start controlling your spending your finances will be in far better shape and you can look forward to a debt free future. You won’t feel guilty and worried all the time and you’ll be able to pay any fast loan repayments with confidence. You’ll be in control…
Are you having a problem raising credit? If so, visit Fast Loan First where you can find free advice and guidance to help improve your credit rating. If you are having trouble repaying your debts drop in at Settling Debt For Good for free information that will help improve your financial situation.
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Tags: bank loan, Bankruptcy, credit repair card, debt consolidation loan, Fast loan, insolvency, managing debt problems, mortgage, personal loans, saving money, secured loan, settling credit card debt, unsecured loan, women's issues