Lately I've just been very worried about money. My family is pretty well off, we have enough money of course to take care of everything but I am very worried that eventually there won't be enough money for everything. I'm hearing that some families have to work 3+ jobs just to live. I don't want things to become so costly that it ruins everything! Are prices for everything just going to keep rising?
2007-02-17 11:09:04 · 17 answers · asked by Anna 1 in Society & Culture ➔ Other - Society & Culture
How old are you?
If you are very careful with your earnings and don't spend beyond your means, you will make it. This means saving for your future as well.
2007-02-17 11:13:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Having money is one part of the equation - spending money is another, and saving and investing is a third.
Some people have to work extra hard because they are living way beyond their incomes. Some only ever spend, and they never save or invest or plan for the future.
Start with what you have - put aside something for the future - and then plan your life and your expenses according to what you have. Do that, there is nothing to worry about. You'll be fine.
The reason prices rise is that salaries are also rising - so people are getting paid more, they can afford to pay more. It's a wicked cycle - but as long as you're part of it, you'll be ok.
OK? Now you can worry about other things....
2007-02-17 19:14:47 · answer #2 · answered by Uncle John 6 · 0⤊ 0⤋
Technically, yes, prices keep rising -- that's called inflation. But incomes keep rising, too, hopefully enough to keep up with inflation.
It's normal to worry about money, since it's a very important commodity in our society! But don't get too upset about it. The best thing to do is to make sure that you have the education and skills to make your way in the world. Stay in school, get a college degree, find a good-paying job, and learn how to manage your money well (e.g., don't spend more money than you make!), and you will be fine.
2007-02-17 19:13:51 · answer #3 · answered by kittenpie 3 · 0⤊ 0⤋
Prices generally continue to go up, the key is at a controlled/slow rate...America hasn't had significant inflation in like 20 years. If we continue to be a very productive society everything will work out just fine....at least on a macro level. Individuals will still continue to struggle if they haven't insured they have the correct skill sets the economy is looking for. When I got out of H.S. I looked around and all the programmer jobs in the classifieds and said I think I will go into computers, software specifically. I then got a college degree (after a stint in the Marines) and things have worked out well...you just have to have a sensible plan is all.
2007-02-17 19:18:01 · answer #4 · answered by Steelhead 5 · 0⤊ 0⤋
Prices are going up and will continue to do so. My advice is stay away from using credit cards, start a retirement fund of some sort, and live within your means. I never want to work more than one job so i went to school and got a pretty good education so that one job would suffice for a comfortable lifestyle
2007-02-17 21:59:38 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Prices will keep rising, it's called inflation. As long as we live in a capitalist society, it will keep happening.
As far as money is concerned I grew up with none, and learned a valuable lesson. If you can pay all your bills, you're rich enough.
2007-02-17 19:15:04 · answer #6 · answered by rock d 2 · 0⤊ 0⤋
Yes, prices will continue to rise. Invest in a financial institution that works with your money and helps it grow while you save it. It helps with the inflation ratios and fluctuating interest rates.
2007-02-17 19:16:48 · answer #7 · answered by Ana C 3 · 0⤊ 0⤋
Yes, prices will continue to rise. It is the nature of the beast.
If you are worried about your future, cut back on non-essentials and save for the future.
2007-02-17 19:15:28 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Well, it all depends on the economy. If the economy needs money then the prices for goods are going to go up, but if the economy has enough money, then it won't go up. You really can't tell, like I said it depends in how our economy is doing.
2007-02-17 19:15:06 · answer #9 · answered by Cinthia 1 · 0⤊ 0⤋
Get a savings account and start stashing money in there. Even if you never need it, someday you could take a once-in-a-lifetime awesome vacation. Get a CD or buy bonds or something that will ensure that you will have money stashed away somewhere. I wouldn't advise hiding it under your bed though.
2007-02-17 19:12:52 · answer #10 · answered by Smeather 3 · 0⤊ 0⤋