Thngs are really slowing down in our little town. Most of the work around here is related to the construction of new homes. Lots of people have found this area and are moving in. That has almost come to a standstill right now.
I am on a local forum. For years, I have been preaching to the other members of the forum how important it is to save some of what they make, every paycheck.
Of course, they did not listen to me, but continued to spend every dime.
Now, they are complaining that they no longer can pay their bills on time. And after 20 plus years of marriage, they have no savings to help them in these slower times.
But still they do not listen. Anyone can save a little bit, even if it is only $5 out of each paycheck. Please, everybody, pay yourself first!!
Things are slowing down
February 15th, 2008 at 02:35 pm
February 15th, 2008 at 03:28 pm 1203089294
February 15th, 2008 at 03:56 pm 1203090972
Even if they know nothing about budgeting, investing, or the rest of personal finance, everyone can still take the most important first step of setting aside a few dollars from each paycheck. And if they can't do it from every single paycheck, they can do it from the paychecks when the rent's not due. In my teens and early-20's, I had excuses for not saving, but they were just excuses, not real reasons.
I'll bet at least one or two of those other forum members will listen and will start to save.
February 15th, 2008 at 04:04 pm 1203091452
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February 15th, 2008 at 04:40 pm 1203093612
Right or wrong, something has to give.
February 15th, 2008 at 04:47 pm 1203094025
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February 15th, 2008 at 06:04 pm 1203098671
Does your friend realize that even if she had put that $5 a week "under her mattress" and never earned a penny in interest and/or never touched it, she'd have $7800.
Last time I checked, $7800 was MORE than zero dollars! ;-)
February 15th, 2008 at 06:35 pm 1203100531
bill
February 16th, 2008 at 01:09 am 1203124146
February 16th, 2008 at 03:48 am 1203133729
Oh Ima and Aleta - you guys are discussing the same thing that Hubster and I were just talking about earlier tonight. We are often as a nation here in the U.S. so quick to say, "I can't afford ____". No, mostly it's that we have our priorities out of whack and alot of it can be attributed to not thinking through things logically and buying off of our emotions and what hype is fed us thru the boob-tubular!
Let's get back to thinking things through to completion. If I do X, then Y will happen? might happen? Then what? How will that affect Z? If this occurs, then where will we find widgets?
Question - If we BORROW money from China to stimulate our economy and everyone goes to Walmart to spend it where they buy lots of products from China, doesn't that do more to stimulate China's economy rather than the U.S.????
Tell me how borrowing more money that we can't afford has ever gotten someone out of debt????????????? I guess I am confused on basic math skills. If you can't afford it - you CAN'T AFFORD IT!! Seems simple to me. But somehow we seemed warped into thinking we can have it all and someone somewhere will figure out a way to pay for it all someday. Ahghhhaahhggggg!!! Talk about your fairy tale!
Meanwhile the latest on Britney is....
Oh we are in a mess it seems here in what used to be the good ol' U.S. of A.
Sorry, we've been on a political rant here tonight!
February 16th, 2008 at 03:52 am 1203133924
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