Compulsive spending.

Any economy is bound to grow, if there is increase in spending by the citizens rather then saving. But, over spending can create a dent in the financial health of an individual.


Recently, came about the following article in a blog .
and thought worth sharing, its about the "so called" special days, the fathers day, mothers day, valentine day, womens day and I believe there is even Ice cream day and our own Akshya tritiya, which is more towards making people to spend.

To add a point on Akshaya Tritiya,

i) It was unknown about a decade back, so did the people not prosper without buying gold on Akshaya Tritiya in previous generation?.

ii) Akshaya Tritiya symbolises with Akshaya Patra, which is a vessels which keep producing food when you keep giving. So this ideally means one have to offer help or offer food or give to others towards prosperity, however this has been completed twisted for the benefit of the seller.

The second article is about compulsive spending , both articles are almost in line with my thought on "4 debt traps to avoid" which I had posted on July 5Th.