There is an axiom of personal finance that states “You cannot spend your way out of debt.” While seemingly trite at first, it holds a truth that becomes apparent in nuance. It becomes a mantra for those seeking a quick-fix to major financial problems: there is a more fundamental axiom stating “You didn’t get into debt overnight; nor will you get out of it overnight.” Germane to these concepts is the idea that a behavior change is needed to go … Continue reading “You can’t spend your way out of technical debt”