Inevitably at some point in all of our lives, we wake up and wish, wish, wish we had more money. This becomes especially relevant when a person's money is committed to high interest credit cards because this sort of debt eats away at extra cash, makes it difficult to have "extra" money after the bills get paid, and the idea of saving money when you're in debt is pretty much tossed out the window.
As I've mentioned, debt is not always a bad thing, but all people deserve (and I'd go so far as to say entitled to) the foresight that oneday you'll need more money to do what you want to do and/or create. Financing your dreams, your life become extremely difficult when your money is already spent.
Think of it: It's not worth it to run up thousands of dollars on credit cards, money that's usually spent on short term wants and desires that hold little value, only to realize that if you hadn't used up your money early on, you could have access to money for the things you want to do or create. Preserve your money. Protect your credit. Don't do debt today and in your future you'll have money for your dreams, your life with which to pay.
I agree. Most people justb think about today never worry what happens when all the bills come in.
Everyone is spending like thier is no tomorrow and for some reason the usa ecomony is based on idea people will always buy.
Something is wrong sooner or latter we all have to pay are bills.
Posted by: Dsl California. | April 24, 2005 at 06:48 PM
I agree. Everyone is going nuts buying everything in sight but what happens when all the interest rates go up.
As far as homes the prices are over infalted and people will be in big trouble with large payments on homes that are not worth the loan amount.
Posted by: Michigan Long Distance | April 24, 2005 at 06:51 PM
I blame credit card companies. I asked for a credit card with lower credit. Wanted a $200 credit line for buying online.
NOT one company will give me a card they will give me $5,000 to $10,000 card but not $200 for buying online.
Posted by: Justin Timberlake Shirtless. | April 24, 2005 at 06:54 PM
The main problem is ease of credit. We get way over are head and then pay for rest of life.
Posted by: Dsl Florida. | April 24, 2005 at 06:59 PM
I am now down to 3 credit cards.
1 visa 1 master card and 1 gas card.
You have to have credit card no matter what. No way to get hotel room. Plane ticket or rent a car.
Posted by: Cheap Ink. Cheap Inkjet cartridges. | April 24, 2005 at 07:01 PM
Tired of all the credit card offers just give me good rate locke in and i will be happy. No fines or fees that are hidden.
Posted by: Free Game Play Win Money. | April 24, 2005 at 07:03 PM
What happens now with new bankruptcy law.
Will people finaly have to slow spending so they can afford it or will the economy crash because so many are starped withh debt for the next 20 years.
Posted by: Dsl Georgia | April 24, 2005 at 07:08 PM