I'm the same way as you. Cash burns a hole in my pocket.

Feb 9, 2016
12:42:17pm

PCCoug 3rd String

To me, the number in my bank account is how much money I have. When I have cash, it's like it doesn't count toward that total and it is easier to spend. I use credit cards for convenience only and keep a very good tab on it throughout the month.

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PCCoug

Bio page: PCCoug
Joined: Aug 25, 2010
Last login: Apr 29, 2024
Total posts: 946 (3 FO)

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Messages

Author

Time

Here's a few tips to help anyone get off to a fast start on getting out of debt

Jersey hunter

2/9/16 12:08pm

Agreed - except for 401K contributions where your company matches. If they match

Zenoch

2/9/16 12:18pm

I disagree - but understand that sentiment - if you keep contributing to get

Jersey hunter

2/9/16 12:23pm

Good thoughts. For those that far in debt, it probably does make sense to be so

Zenoch

2/9/16 12:26pm

Key point is that it's only temporary

Jersey hunter

2/9/16 12:40pm

<< Deleted >>

BYUALWAYSNUM1

6/2/17 10:19pm

Many companies allow 401k loans once its vested

Linescratcher

2/9/16 12:29pm

One thing that is weird about me is I spend cash way easier than I use a card

boorad

2/9/16 12:24pm

That is weird. I think the behavioral economics nerds have shown that there is

coucou

2/9/16 12:29pm

I'm the exact opposite...I can hang onto cash much easier because it's sort of a

Wedgetail

2/9/16 12:36pm

I'm the same way as you. Cash burns a hole in my pocket.

PCCoug

2/9/16 12:42pm

So use a debit card - when the money runs out, the card won't work

Jersey hunter

2/9/16 12:45pm

Can't you overdraft with a debit card?

db59840

2/9/16 12:49pm

I despise debit cards.

cheezedawg

2/9/16 1:43pm

Yeah- I wonder if this axiom that people spend more more money with CC is

cheezedawg

2/9/16 1:43pm

From your suggestions it seems the real issue is overspending

korihor

2/9/16 12:39pm

you nailed it - most people would do better financially by focusing more on

Jersey hunter

2/9/16 12:44pm

its the same in business. However, you can't save your way to the top

Nat Gas Man

2/9/16 12:55pm

Wow - I just disagree. Making more money is by far the best way to sure up ones finances. Obviously this entails

HarlemCoug

2/9/16 1:26pm

Maybe so but that's not something most people have much control over

Jersey hunter

2/9/16 1:35pm

again I simply disagree - of course people have control over how much money they make. They control their time. If

HarlemCoug

2/9/16 1:45pm

He did say to work another job if you need to. And before you go looking for

molodyets

2/9/16 1:55pm

He as 1 of 10 that discusses income. If I had a list of 10 items, probably 7 of them would be about increasing revenue.

HarlemCoug

2/9/16 2:02pm

So instead of working on the things that 100% will decrease your debt if you do

molodyets

2/9/16 2:08pm

So lay out for us what the average dude or lady, who is middle age and entrenched in a good, not great, career to do?

TaiJuan

2/9/16 2:09pm

Let's hear your list then

korihor

2/9/16 2:28pm

Until spending habits are brought under control - it doesn't matter how much

Zenoch

2/9/16 2:37pm

Ok - so why don't you see how much more you can make in the next 24 hours and

Jersey hunter

2/9/16 5:28pm

Too many people for some unknown reason to me think that working 40 hours per week will provide a debt free

HarlemCoug

2/9/16 7:58pm

RE: Too many people for some unknown reason to me think that working 40 hours

PCCoug

2/9/16 10:27pm

Wow...you almost convinced me to give up Cougarboard.

buhlcougar

2/9/16 1:40pm

I'd never do that - It's basically free entertainment

Jersey hunter

2/9/16 5:29pm

There was a guy here not too long ago that was arguing vehemently

Litigation Jackson

2/9/16 3:07pm

Agree with everything except for two things

bluebloodedcoug

2/9/16 12:46pm

I only suggest the relative things because I've seen it work - but we share a

Jersey hunter

2/9/16 5:32pm

Consolidate your unsecured credit card debt into your 30 yr mortgage?

Thunder Buddy

2/9/16 2:58pm

don't consolidate just pay it off. Most of the time you will lose money

stonecougar

2/10/16 8:09am

Start with "The Total Money Makeover" by Dave Ramsey

NAFUYB

2/10/16 12:38pm

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