Loan a Pain Credit a Woe

The entire world works on debit and credit cards..  Moses was no different. He had around 5 bank credit card, had a loan on his house..  His wife too working. A lavish life style though were upper middle class. His wife Freida doesn’t know to cook.. So husband and wife both eat out..

Frieda ‘Our model of using rolling credit card is dangerous.. We keep doing this transfers from one card to other.. What if one day we get pink slip’

Moses ‘If one gets it is fine, if we both are jobless then it is an issue’

Frieda ‘At least our parents should have made a house for us.. This is crazy.. One generation has to slog to get basic infrastructure in place for a family.. and not sure what our kids will do then’

Moses ‘We don’t have kids yet’

Frieda ‘I cannot dare.. It is not possible… I think once our furniture loan and car loan ends we can plan late next year’

Moses ‘Will this world continue to work on plastic cards only?’

Frieda ‘It helps.. Sometimes if we are just having money crunch.. cards save us’

Moses ‘Frieda, next month I plan to host party for completing 10 years in same company’

Frieda ‘We can manage upto US$500 budget for party through my card’

Moses ‘Interest rate of 3% ..reducing balance..not bad’

Frieda ‘Will we ever come out of debt?’