Most employees who have just received their month-end salaries are already applying for payday loans from lending companies. And you would wonder why.
That is because many workers live the hand to mouth existence where all they do is to wait for their salaries so that they can use it to pay for their debts. Then they would borrow money in order to get through another pay period. So the cycle just goes on and one.
It is a hard habit to break that is why many people just retire and continue to pay their debts. And it is really sad because that means, all their lives, this people live in debt and have never experienced the freedom of a debt-free, worry-free life.
