Next location was Sanjay Gandhi hospital for accident. The doctor had gone for breakfast and we were told to wait for few minutes. We kept on bugging the receptionist/ nurses/ any hospital staff every 5 minutes to ask whereabouts of the doctors. Finally after waiting for over an hour, the doctor was still not back from his breakfast. He must be a glutton! But we wondered that it was an Accident care institute. Putting an end to our patient wait we got the address of the next location where we could have our work done.
Any one with even an iota of interest in personal finance & its workings would probably know that credit card debts and personal loans are usually the worst kinds of debt traps that you can fall into. Yet many people fall into that trap again and again. Many people do come out of it eventually but some don't & this becomes a part of their "lifestyle". That you are eventually paying much more than you need to, if you default on credit card payments intentionally or unintentionally (probably @ 36 % per annum or something similar) or take a personal loan (say, @ 12% per annum or so) is not hard to fathom. However behind these numbers, there may be even a deeper story - that usually that of not having control over expenses or not having created a buffer amount. While there may be some pressing need like unplanned or recurring medical expenses which fuels sudden demand of money or an unexpected job loss, in many other cases this need may be fueled by lack of plani...
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