Comments on: Living Paycheck to Paycheck Will Leave You Powerless http://www.moneycrashers.com/living-paycheck-to-paycheck-will-leave-you-powerless/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 20:13:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: erik.folgatehttp://www.moneycrashers.com/living-paycheck-to-paycheck-will-leave-you-powerless/#comment-875 erik.folgate Fri, 01 Dec 2006 15:49:36 +0000 http://moneycrashers.com/?p=51#comment-875 I agree with your comment, Dimes. Again, I understand that Orman does not want young people to use credit cards for the rest of their life. But, I just don't think anyone with as much influence as her should condone their use the way that she condones it. I believe personal finance has so much to do with the financial habits that we form. There are bad financial habits that we need to break, and good ones that we need to start. I think getting into the habit that credit cards will ALWAYS be there to bail me out is a bad habit to form. Saving SOMETHING every month is a good habit to start. In regards to the power issue, bluntmoney, I think it is scary when you think about all of the things that you will do to keep a job or earn enough money to pay bills or catch up on bills. The idea of obtaining financial freedom is like taking the weight of the world off your shoulders. I agree with your comment, Dimes. Again, I understand that Orman does not want young people to use credit cards for the rest of their life. But, I just don’t think anyone with as much influence as her should condone their use the way that she condones it. I believe personal finance has so much to do with the financial habits that we form. There are bad financial habits that we need to break, and good ones that we need to start. I think getting into the habit that credit cards will ALWAYS be there to bail me out is a bad habit to form. Saving SOMETHING every month is a good habit to start.

In regards to the power issue, bluntmoney, I think it is scary when you think about all of the things that you will do to keep a job or earn enough money to pay bills or catch up on bills. The idea of obtaining financial freedom is like taking the weight of the world off your shoulders.

]]> By: dimeshttp://www.moneycrashers.com/living-paycheck-to-paycheck-will-leave-you-powerless/#comment-874 dimes Fri, 01 Dec 2006 06:17:35 +0000 http://moneycrashers.com/?p=51#comment-874 Suze seems to think the transition period won't be a long one for most professionals. I hate to sound pessimistic, but I have seen firsthand how little things can add up into a big fat ball of debt. I wouldn't be opposed to the idea of living on credit cards for the month between the time you get a job and when it starts, but long term income supplementation with credit is a dangerous idea. Suze seems to think the transition period won’t be a long one for most professionals. I hate to sound pessimistic, but I have seen firsthand how little things can add up into a big fat ball of debt. I wouldn’t be opposed to the idea of living on credit cards for the month between the time you get a job and when it starts, but long term income supplementation with credit is a dangerous idea.

]]> By: bluntmoneyhttp://www.moneycrashers.com/living-paycheck-to-paycheck-will-leave-you-powerless/#comment-873 bluntmoney Fri, 01 Dec 2006 04:52:14 +0000 http://moneycrashers.com/?p=51#comment-873 How true that is, even just in little ways. For example, maybe you wouldn't tell your boss that no, you can't work late tonight, because you're afraid it's expected in order to keep your job... How true that is, even just in little ways. For example, maybe you wouldn’t tell your boss that no, you can’t work late tonight, because you’re afraid it’s expected in order to keep your job…

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