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#45B WORK HARD, PAY AS YOU GO 

I think personal debts can lead to loss of choice / freedom if one must keep working to pay them off, when doing something else would be preferred. In the long run, “Pay as you go” maximizes choices and minimizes guilt and worry about bills and interest charges. And ecological debts can produce guilt if one knows disrupting natural cycles leaves future generations with a mess to fix. “Clean up your mess”— whether financial or environmental —is good practice. (Note: those unable to obtain credit may have no choice but to adopt this approach. Family can help young people avoid bank loans to get started.)

More Information About This Worldview Theme

a spade WV Theme...

...individual <---> nature

the theme is paired with: #45A Borrowing Mentality   to make Choice #48    in the Choices We Make cards 

this theme as presented in older version of theme structure:  version 2.0    version 3.0        is this theme new to version 4?--NO

click to look at the Project Worldview Cultural Literacy Encyclopedia Related Words, Beliefs, Background articles for the above choice 

 Project Worldview authored discussion, Worldview Watch related issues, songs, etc.  

Discussion from The Worldview Literacy Book Songs
Worldview Watch #44, posted 5/19/2015: Steps Toward a Pay As You Go Economy
Worldview Watch #11: Soda Taxes to Fight Obesity and Raise Revenue 

Wikipedia articles related to this theme:

saving personal budget balance budgets
Debt   ecological debt Criticism of Debt 
Consumer Debt Pay as You Go Frugality
Guilt  Government Debt   Microcredit
Credit Card  Grameen Bank Balanced Budget Amendment
     

 worldview internal inconsistency related: Strongly valuing this theme and any of the themes in the list below is a contradiction:

#4 Spreading Disinformation / Tactical Deception #19B Corporate Capitalism   #22A Economic Growth   #22B Imperialism  
#26A The Consumerist     #26B  More is Better Mentality / Abundance #28A   Hedonistic Orientation    #36A Cynicism
#51B Big Business Pushes Limits    
   

More to Explore -- Worldview Theme #45B: Work Hard, Pay As You Go

The Debt Issue (several stories on debt Yes! magazine fall 2015)

2013 Credit Card Debt Survey (on The Card Hub, the ultimate website about credit cards on multiple levels: consumer, researcher, etc.)
Grameen Bank (homepage of those who pioneered microcredit)
The Lending Club (peer lending group promoting "investors earn better returns, borrowers pay lower rates")
Debt Relief Now (sounds a call for action to relieve Third World Debt)
Kiva (website of non-profit whose mission is "to connect people through lending to alleviate poverty")
Finance for the Poor--Microlending (report from The Economist October 8 2016)
Understanding the USA National Debt (educational website http://www.federalbudget.com/)
"Personal Loans: Whom to Trust" (article from The Economist August 15, 2015)
"Ending the Debt Addiction: A Senseless Subsidy" (article from The Economist May 16 2015)
"Lending to Poor Farmers--Seeding the Market" (article from The Economist March 14 2015)
"Chinese Debt: The Great Hole of China" (article from The Economist Oct 18 2014)
"Why We Need a Bank at the Post Office"  by John Nichols (article from The Nation March 3 2014)
"The Euro Crisis: Debtor's Prison" (article from The Economist Oct 26 2013)
"The Dangers of Debt: Lending Weight" (article about the role of debt in the financial crisis The Economist Sep 14 2013)
"Is the National Debt Harmful to Our Children?" (Jan 2013 commentary on USA debt by PBS NewsHour's Paul Solman)
"Beware the Student Debt Bomb" (March 2012 report from Common Dreams website) 
"Student Loans in America: Nope, Just Debt" (article in The Economist October 29 2011)
"Is a Debt-free Life the Best Way to Live?" by Walter Updegrave (June 2011 story on CNN Money)
"Scorning Debt, Consumers' Credit Scores Soar" by Helen Chernikoff (August 2010 news report)
"Four Deformations of the Apocalypse" by David Stockman (July 31 2010 NY Times Op-ed piece)
Deficits, the National Debt, and Economic Growth ("in a growing economy, the National Debt is nothing to fear")
This Time is Different by C. Reinhart, K. Rogoff (2008 paper on history of financial crises involving debt)
Borrow: The American Way of Debt by Louis Hyman (author's website for this 2011 book)
The Overspent American, by Juliet Shor (book by economics professor at Boston College)
The Secret History of the Credit Card (PBS frontline documentary, watch online)
Maxed Out (2006 documentary)
In Debt We Trust (2006 documentary) 
Your Credit Scores (from U.S. government sponsored Consumer Federation of America and Fair Isaac Corp.)
Consumer Guide to Credit
The Lending Club (peer to peer lending)
Prosper (peer to peer lending)
Money Matters for Students: Establishing Credit
Compulsive Spending / Debt Counseling
The Advertising of Installment Plans, by Sharon Murphy (historical perspective)
Financial Psychology and Lifechanging Events
Public Principles of Public Debt: A Defense and Restatement, by James Buchanan
"Can Microfinance Make it in America?" by Barbara Kiviat, (article in Time January 11 2010)
"Did Christianity Cause the Crash? How Preachers Are Spreading a Gospel of Debt," by Hanna Rosin (the Atlantic, Dec 2009)
"The New Austerity," by Justin Fox (article about a great new idea in Time March 24 2008)
"Hey Buddy, Can You Spare $10,000?" by Jennie L. St. John (re: peer to peer loans Time March 17 2008)
"Visa Charges On," by Justin Fox (article in Time March 17 2008)
"Exposing the Credit Card Fine Print," by Anita Hamilton (article in Time March 3 2008)
Consumer Debt and Bankruptcy, by Fred Foldvary ("The Progress Report" editorial)
The Ethics of Bankruptcy, by Jukka Kilpi (read excerpts of this 1998 book at Google Books)
America's Total Debt Report, by Michael Hodges (website full of debt-related financial reports) 
"Going Bankrupt: Why the Debt Crisis is Now the Greatest Threat to the American Republic", by Chalmers Johnson
Ethics and International Debt: A View From Feminist Economics, by Julie Nelson
 Sovereign Debt at the Crossroads ed. Chris Jochnick from Oxford University Press (third world debt crisis)
Ecological Debt (from New Economics Foundation)
Ecological Debt / Carbon Footprint Related Song Lyrics
Christian Perspective on Being in Debt
Usury (from online encyclopedia, includes Biblical injunctions against usury)
Consumer Debt Help (credit card debt consolidation service)
Loan Calculator (free online program to figure size of monthly payments, etc)
Good Debt, Bad Debt, by Jon Hanson (book from "The Financial Sanity Pundit")
"The New Austerity," by Justin Fox (article about a great new idea in Time March 24 2008)
"Hey Buddy, Can You Spare $10,000?" by Jennie L. St. John (re: peer to peer loans Time March 17 2008)
Debt Smothers Young Americans (a USA Today report)
Risk and the Democratization of Credit Cards, by Susan Black and Donald Morgan
Kick the Credit Card Habit, by Chris Farrell
Consumerism and Fiscal Disorder (from Reconstructing American History, by Alfred de Grazia, Yale Univ.)
"Who Needs the Mortgage Interest Deduction?" by Roger Lowenstein (March 5, 2006 NY Times story)
Your Money or Your Life, by Joe Dominguez and Vicki Robin (homepage for this book)
Student Debt Alert (organization concerned with college student debt)
How Long Can Households Sustain Negative Savings?, by John Waggoner (March 2006 USA Today article)
quotes related to borrowing
quotes related to frugality

back to Theme Choices version 5.0 structure

"As you shop in "The Reality Marketplace" avoid spending your "reality cash" too early,  before you have seen everything. " 
from Coming of Age in the Global Village,  by Stephen P. Cook,  with Donella H. Meadows.

 
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