Remember how carefree we were up to secondary school/junior college years? A peaceful & tranquil existence with no bad debts. Other than that the other period in my life being carefree is during the basic military training days- tired & fall asleep, kinda cut off from outside world.
People buying unnecessary depreciating stuff on credit have always amazed me. Stuff may bring pleasure in the beginning but then it feels like a weight chained to the body. Reading Kiyosaki's Rich Dad Poor Dad shocked me further as he mentioned about working for bank as well. The more people you are indebted (bad debts) to, the poorer you are.
Do you often buy stuff on credit?