Shifting the Burden Story Summary

A5-STB: Shifting the burden
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Shifting the burden story summary
Increasing bills left unpaid is a problem that people may face in their life, from student loans to utility bills, hospital bills and even business loans. In my case, I changed my lifestyle after moving to a bigger city and the increased burden of paying bills became a problem. To fix the issue I piled more credit card debt but this was only a temporary measure. I had to evaluate the situation and note that I was now living beyond my means. Since conspicuous consumption and advertisement may influence one’s spending habits there was a need to cut down on my expenditure as a more long-term solution.
2. Succinctly explain the issue you are addressing?
Since I was deep in debt, I needed to find a solution since it was becoming harder to pay my bills. Without a fundamental change in my spending habits it became difficult to improve my situation. As such, the quick fix solution was to add more debt in the hope of meting my immediate needs but this only put in a worsen situation.
3. Explain the problem symptom?
The problem symptom is the inability to pay bills, further straining my financial situation and this necessitated my search for a short-term and later on long-term solution.
4. Explain the symptomatic solution?
The quick fix solution was to borrow more and increase the credit card debt in order to meet the most pressing financial needs especially to pay the utility bills and rent. Typically, people shift the burden when dealing with the problem resulting in quick fix solutions that may appear efficient but do not deal with the underlying problem.
5. Explain the fundamental solution to the problem?
Since increasing my credit card debt di...