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Being in debt in the world of credit

Date: Wed, 09/21/2005 - 22:21

Submitted by chmartinbaby06
on Wed, 09/21/2005 - 22:21

Posts: 381 Credits: [Donate]

Total Replies: 7


We live in a society of credit and to the consiquence of credit follows being in debt and the only way to be debt free is to not except a credit line.DEbt is a modern day slavery you have no control of your destiny.

Example they do credit check in apartments,banks to credit checks and sometimes to have a good paying job they do creidt checks too!

We can reduce our debt but we live in a world that everything needs credit unless you are the type that spends only with cash even with cash you have to pay thing!

More money means more power but you can use your money to live below your income

Example is by spending money only when needed like buying second hand items,cooking instead of eating out,using your cell phone in emergencies not just to burn minutes chatting about nothing!

All we need to do is stretch every dollar that we get and maybe we can start to eliminate and reduce debt!


The crux of the matter is that a better management application will erode all the financial problems and we will be able to make worthy decisions when talking about money.

We need to mould ourselves in such a way so that we are able to face any types of difficulties but will resist ourselves from building new expenses.


lrhall41

Submitted by roxette on Thu, 09/22/2005 - 11:13

( Posts: 4009 | Credits: )


Here is another thought... It is actually better to save money than to earn more money. Why? Because when you make more money, you pay more taxes, you probably have to pay more to drive to that source of money - etc. If you save money, then you are ahead! Example - I use competitor ads at our local Wal-Mart for groceries. I can save about 30 to 40% off my bill by using the ads. So by saving $40 out of my $100 grocery budget, I am actually ahead $40 to put toward a bill or another needed item.

I hope this makes sense, I just had back surgery and I am on some pretty strong pain meds. :D

If you are interested in knowing how to do the comp. ads at Wal-Mart, let me know. I would be happy to do a quick tutorial.


lrhall41

Submitted by Taquita on Sun, 09/25/2005 - 10:16

( Posts: 287 | Credits: )