Learn to live within your means - even if you have to borrow money to do so. Say What?

Doug Brockbank's picture

What do you do when you are in debt? Keep spending because we all must "learn to live within our means even if we need to borrow money to do so." Say what? Last week it was reported that the federal deficit hit $174.6 billion - and that was just in October. The lesson? Don't take your cues from the government when looking to manage your household budgets. Cut up the credit cards. Open a savings account. Learn to live within your means - without borrowing to do so.

Share/Save
Your rating: None Average: 4.5 (4 votes)

anyway

littlevolcano's picture

How quickly people forget how devastating it was for the country when the links of london country last elected the likes of John Major et al. The Conservative Party thinks they can pull the wool over peoples eyes when they coin a sound bite like "Compassionate Conservatism". Don't be fooled, it's the same arcane.

debt management plans

gwane's picture

Anyone that is having debt troubles might do well to find some debt management plans that could work for them. Debt is a monster that can get out of control. Often, this involves finding a debt counselor who will come up with the plan with you, and your creditors will also appreciate your efforts to get debt relief and repair credit for yourself. It will just make you problematic again if you will end up borrowing another money just to pay for your debt.

Top Contributors

Earn Points for Speaking Up!

Join the conversation, earn points and become a top contributor! Get started by registering and logging in. Next, create your profile and add your picture.

Tell us what’s on your financial mind or comment on a recent blog. Earn points by inviting a friend and more points if they join the conversation.

Latest Status Updates

ellevine

Why is the interest calculation in 'how long will my money last' table lower than simple calculation?

20 hours ago
rickster55

If you are working 40 hours per week, divide your annual salary by 2080 (the number of working hours in a year)to get your hourly rate.

3 days ago
umair11

Repossession Mortgage

3 weeks ago
queen

how do i find out how much i make hrly if my monthly salary is 3300.

4 weeks ago
CBS60

Disability and retirement.

4 weeks ago
themalsi

has anyone transferred a federal pension to a privately administered plan ?

6 weeks ago

Follow us on:

Who's online

There are currently 0 users and 4 guests online.

Conversations