Every pay day people pay off debts and bills first and take care of themselves last. It's no wonder people are struggling financially. You have to look at yourself first as a business, and then other expenses. Not the other way around. I've seen people pay off credit cards and starve for about a week and have no gas money for themselves because they took care of extra bills first. No one gave a damn that they starved for that week or had no gas money in their car. You have to set some money to the side for yourself do you agree? No matter how much debt you're in. I also figured out why the government has so much money. I'm in the Army so I'm government relt'd. It's because they're so cheap! They get the most out of you for as less as possible. I have to start thinking this way when I go shopping. I'm going to the Dollar Store even if I have $1,000,000 in my pocket! No cable, no internet, no phone, turn off all the electricity every time I walk out the house. I plan to save big!!!
2006-10-12 09:12:34 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Strange question.
Didn't you already pay yourself and enjoy your money? Isn't that why you are now in debt?
2006-10-12 12:13:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
what planet are you from? People pay their debts as they are responsible citizens who know they are paying what THEY owe!
I am ex-military and 'yes' they could buy more expensive stuff, but you must look at the BIG picture of costs for personnel, equipment, training, bases etc. The reason you are probably on the low rungs of the ladder is due to your small mindedness and inability to see a world other than your own! With a mindset like yours you will never get to a position of great responsibility.
Also to note: it is the employees responsibility to make their employers money. Not vice-versa!
2006-10-13 07:09:46 · answer #2 · answered by blue boy 2 · 0⤊ 0⤋
on the exterior I ought to accept as true with the different responders. pay off the credit card debt then tear them up. yet easily the right answer could be extra complicated than that. in case you pay off the credit card debt and then turn around and rack up extra debt on the credit enjoying cards, you have no longer something to tutor on your problems. regrettably, many human beings fall into that seize. can no longer help spending the money they don't have. Now in case you place the money right into a Roth IRA account, that money is going to be somewhat confusing to get to sooner or later and is extra oftentimes risk-free from being spent. In different words it somewhat is an investment on your destiny. the disadvantage is which you will nevertheless have that miserably credit card debt racking up interest at a fee it somewhat is plenty greater than you may anticipate to acquire on any investment you're able to be able to make on your IRA account.
2016-12-08 13:41:41 · answer #3 · answered by ? 4 · 0⤊ 0⤋
For piece of mind and so later on they can afford finer things since they have better credit. As for paying off the cards first before having lunch money, they shouldn't buy the things they can't afford. If they didn't pay it off, they would have additional late fees and interest charges.
2006-10-12 09:22:44 · answer #4 · answered by Mariposa 7 · 0⤊ 0⤋
When you don't pay your debts, your debts collect interest which is sometimes compounded depending on the collector. If they pay off the debt first, then that actually saves them more money in the long run.
2006-10-12 09:15:11 · answer #5 · answered by Wookie on Water 4 · 0⤊ 0⤋
Donald Trump always payed himself first, then he payed his debtors. Chew on that for a while!
2006-10-12 09:20:58 · answer #6 · answered by D-Man 4 · 0⤊ 0⤋