Comments on: 7 Lame Reasons People Spend More Than They Make

By: JD

JD — Sun, 09 Aug 2009 16:58:32 +0000

Kristy you may want to do a little fact checking on item #2. Although one does need to save for retirement, I’m not sure why you feel social security won’t be around. You should check out the annual trustees report to see that the prgram can pay full benefits through 2042 and can pay more than is payed now through the future, although less than is promised. Only a 1% increase is needed to bring the program with all promised benefits into solvency. No medicare is another problem. Check for yourself.

By: DD

DD — Mon, 20 Jul 2009 22:37:47 +0000

Great list.

Here’s another lame excuse for spending too much is(goes with #4):
“It’s only temporary. I’ll get my spending in check when things get back to normal.”

The only thing that will become normal is the increased spending.

By: Clear Your debts

Clear Your debts — Sun, 19 Jul 2009 07:51:16 +0000

You could also have added #8 Because it gives them the illusion of wealth.

I know some people who love getting out the credit card and buying something. To their minds by purchasing they are demonstrating wealth. Of course it’s all borrowed on high interest rates. But still, people like to pretend.

By: The Weakonomist

The Weakonomist — Sat, 18 Jul 2009 13:50:10 +0000

If you don’t know what your financial goals are that’s the same thing as not having financial goals. Good list.