Peer pressure

 How got into debts because of peer pressure

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

Most of my friends were from wealthy families.They bought new clothes for every event that we had to attend.I wanted to be like them,we were friends after all so I decided to go to a loan shark in order to buy new clothes.I took R20 000 but my actual monthly allowance was R16000.I struggled to pay the money and the loan shark took everything that I owned not that only but also my mother's furniture at home.

Dear readers is it worth it to compare our selves with our friends?