When my kids were younger (theyre now 17 & 18) I took out a loan to pay to go abroad, so we had about 5 good holidays, plus other bits and pieces. Now, since I won a holiday to Turkey about 7 years ago, weve been nowhere. My marriage is a mess and my husband insists on trying to pay off our debts asap, in other words theres nothing to live for right now. Were finished anyway, but Im just interested to know would you rather have the good times and then spend life in poverty for 3 or 4 years to get debts paid down or would you continue to have a holiday each year, knowing each time you did it, it would take you about, say, 500 years to pay it back? Im with the "do it today, you might not be here tomorrow" brigade, why practically give up your life to repay debts which have horrendous interest rates anyway?
2007-02-24 02:26:12 · 10 answers · asked by jane b 1 in Family & Relationships ➔ Marriage & Divorce
I always paid cash for everything house, car ,boat , bike , furniture , The reason i do that is that it cheaper .I may have to hold off getting things until i save but i hate bill collectors whats mine is mine . I'm 51 years old with no bills what so ever well i do pay taxes and water the two together is around 600 a year that's a drop in the bucket . I run my house on solar energy .No bills no worries go where and when i wont .
Pay your bills off then you can do what ever you wont for the rest of the time you do have here. If you don't then keep busting yours and the old mans butt till you die
2007-02-24 02:55:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Financial management is a way of life. Waste not, want not.
Meaning LIVE WITHIN your means. If you can afford to do something, do it. If you cant, than dont. It's that simple. You dont do something with no regard how to pay for it. I know that's the great american way. But believe me, you'll never get anywhere, but deeper into a hole of debt. And you BOTH need to work together. If only one is a saver, and the other is a spender with no regard, it will never work. BELIEVE IT........been there.
2007-02-24 03:27:53 · answer #2 · answered by iyamacog 7 · 1⤊ 0⤋
Pay the depts off as soon as possibly.Many people have the same attitude you have and live for today not worrying about tomorrow.This attitude will leave you broke and in legal trouble later on.This dept will still be there even after both of you have split up and it will still have to be paid.It's easier if both of you are working together to pay it than just one of you.
2007-02-24 03:08:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I would live like no one else so that later I could LIVE like no one else!! This is a favorite saying of mine from Dave Ramsey, a top rated talk radio talk show host and financial counselor. I would work 2-3 jobs, eat beans and rice rice and beans, sell everything until the kids and dog were next to get out of debt. No movies, NO trips, NO eating out, NO "fun" until NO debt.
2007-02-24 03:23:08 · answer #4 · answered by Ravensgirl 2 · 0⤊ 0⤋
You should really get those debts paid down. That does not mean however that the holidays need to stop. Just think closer and cheaper when you go on vacation.
2007-02-24 02:33:01 · answer #5 · answered by H.B.K. 2 4 · 0⤊ 0⤋
The more you let debt linger, it just becomes bigger debt-I say pay off now, and reap benefits later!
2007-02-24 08:33:52 · answer #6 · answered by Special K 5 · 0⤊ 0⤋
I would pay the debt - vacations are nice if you can afford them, but if you are happy in your relationship you don't need them. There's more to life than indulging.
2007-02-24 08:46:36 · answer #7 · answered by Zabes 6 · 0⤊ 0⤋
pay off your debts ASAP! takes lots of stress out of your life.
2007-02-24 02:34:51 · answer #8 · answered by Dizney 5 · 0⤊ 0⤋
God refers physical things to have spiritual meanings. God is not an investment banker, Your investments should be in the eternal not in this world. Mat.6:19 ¶ Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: 20 But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: 21 For where your treasure is, there will your heart be also. This parable (Mat. 25) speaks of gifts and faith burying your talent in the ground is an investment in death.
2016-03-28 22:18:21 · answer #9 · answered by Anonymous · 0⤊ 0⤋
if you got loans ever year and never payed them off, the debt would pass on to your children. i would be pissed if my mom left me with a bunch of debt b/c she got loans that she didn't pay back. being an adult is about responsability and keeping your word
2007-02-24 02:37:11 · answer #10 · answered by Carrie H 5 · 0⤊ 0⤋