Thread: Are You Good With Money?

Originally Posted by nun2sharp

Whoever mentioned Dave Ramsey earlier did you a great favor, he is the only one in this country talking any sense about the realities of money!

Unfortunately I listened to Evel Knievel. He said,"If God had wanted people to save money he would have put handles on it."

Originally Posted by JimmyHAD

Unfortunately I listened to Evel Knievel. He said,"If God had wanted people to save money he would have put handles on it."

Another candidate for the Dave Ramsey course! It does take guts to admit you have a money problem and I commend those who have stepped up and fessed up! Recovery is at hand, there is hope, and yes I do recommend Ramseys Financial Peace and its teachings, he concentrates on the basic principals of money as well as our own human nature, human nature being the thing that needs modification.

Uhh.. I'm going the JimR route. Marry a frugal saver. Once that happens you guys won't see me anymore because your influence to buy stuff is too overwhelming for me.

I've always been very good with money. I know where every penny is. Also, in the past few years I've been turning most of my money into gold and silver. Gold is money. It is the ultimate money. It is the underlying foundation of all the worlds financial systems. Some would have you believe it is nothing more than a mere commodity, a bygone relic, having no modern purpose or benefit. I'll leave it at that.

I think i'm not so bad with money either.
When i left my home at 17 i had much nothing. Never got anything from my home. Maybe that was a good lesson.
Nowadays me and my wife have no loans, and i've paid off our home and cars and anything.
If i want to buy something i save for it first. I have a credit card but do not much use it except when traveling abroad.
With our basic salaries we do not earn much but we've learned to live with what we get. I've had and have a change to earn some good extra from work, but from my experiences it means being away from home for long weeks and months, in places i'm not so interested to be and doing things that sometimes aren't what i want to do.

I'm hesitant to say I'm good with money...because I have so much less than I 'd like to have saved up.

I'm 24.
No Mortgage...(but I have no house either)
2 credit cards that get paid in full. (I actually pay them off a couple times each month electronically)
Debit Card.
A vehicle loan...I'm less than a year into a 3 year note...The principle is less than I have in the various accounts and at this pace I may get it paid off around the 1 year mark.
No savings to speak of though. I have about 2 months earnings in my checking account. (Which is the least that I'm comfortable with)

Trying to start a side-job for extra income as well.
My primary vehicle (paid) has 170,000 miles, so I'm staring down that barrel as well.

Soo....am I good with it? I don't know, but I sure plan to get there someday. I have a B.S. but don't want to move away from home to use it. Been looking for a job around home for a couple months now. For the time being I'm getting by. I can recommend Dave Ramsey, Larry Burkett, and Crown Financial Ministries as great sources.

Basically....credit is just like our razors. Useful tool, but must be handled carefully and CORRECTLY because it can and WILL lay you open and bleed you out. Unfortunately those who are giving credit are usually hoping that is exactly what will happen, and design the programs accordingly. If you can get that into the way you think and handle money you're a step ahead.

"I spent a lot of money on booze, birds and fast cars, the rest I just squandered"

George Best

I am good at spending it, not so much for saving, but I dont spend what I dont have. I have learned that 0 debt makes for a far more enjoyable life, even if you dont get everything that you want. I am getting close to about a year without working, if I had debt I couldnt have done that, without out it I have had an enjoyable mini retirement. My uncle told me long ago that it is not about what you make, it is about how much you spend. It took me years to believe him but I think it does boil down to just that. I also got sick of paying bank fees, so I dont use them anymore. I just collect paychecks till I get 10 or so saved, then I take time off to enjoy them when I get down to one or two paychecks left I go back to work. I dont understand the draw of working your a** off all your life just to wait to slow down and enjoy it when we're old and decrepid, because of that I take time off every year or two. Of course I will probably be working till the day I die, but I enjoy work when its not something I have to do, like it is when your in debt. It seems to me in our day and age a few people have the wrong idea of what freedom is, they think you get freedom through your purchases when that is exactly what is taking away their freedom.

As stupid as this sounds, I usually just split my paychecks fifty-fifty. Half goes into the savings, the other half goes to pay bills and if I have anything left over I use that for spending. It seems to work so far.

I am absolutely spectacular with money! Why, just the other day I was able to max out my credit card in less than 2 minutes... Marriage, on the other hand, I am not so spectacular at. (anyone got a spare couch I can sleep on for a few weeks? - I'll pay you, handsomely)

James.