From young, we are taught the importance of saving money for an emergency or to be able to purchase something, like an expensive toy. After we grow up, we are taught that financial prudence means saving first before spending. Now, that is great advise - at least that's what I thought - until recently. The following is a true story. It is the story about how a relative handles his money. Let's call this relative Joe. Chapter 1: Debt Discovery & Bailouts Joe is the kind of guy who spends first and saves what is left. That would be fine except he overspends on random things without keeping track of what he has bought, like a big Toyogo box to put the small ones he previously bought, or good luck crystals, or 4D and Toto. Without a doubt, after several years of living like that, he maxed out several of his credit cards and accumulated a sizable amount...