Never spend your money before you have earned it.
“Never spend your money before you have earned it.”-Thomas Jefferson Living on credit means you are eating your future in the present time. It is easy for a person to spend money on credit than it is to pay it back and most people spend credit money on things that are liabilities thus it will continue draining money out of their pocket. The future is unknown and if a person is spending money that he has not earned yet later on it will put him in a tough situation if something goes the wrong way or if a person loses his job and the job was his only way to pay the debt he has accumulated. Therefore a person should be still and not to auction what they have in the present time by using money that they acquired by using credit or seeking to get loans.