Thanks, Kenneth. You put it better than I did. There are few possible outcomes - none of them pleasant - but getting out of debt is actually the least painful one.
I am a homer, I love all of my home teams and I go to lots of sporting events. I live in Milwaukee so naturally I go to Milwaukee Brewer games. I bought a 10 +1 ticket pack this year and there is nothing like going to the ball park, having a hot dog and taking in a game. When I say nothing, that is until Green Bay Packers season. I have season tickets for the Packers. I try to make it to every home game and usually go to one away game. This year planning to go to Indianapolis. I still get chills going into Lambeau Field. If you hate the Packers but enjoy football, go there, you can smell and taste the history of the NFL as soon as you walk in the door.
My mother in law is 75 years old, lives alone in a big house, and is a hoarder the equal of any we have seen on Hoarders. You can hardly walk around in her house. She's going to lose her home in one to two years, because she has acquired so much mortgage debt, she has no money left for food, utilities, car expenses or insurance.
We tell her she is a hoarder, but she doesn't process the information, and changes the subject.
My wife has hoarder tendencies, but I counter this with minimalist tendencies, so we end up with a nice balance.
I completely agree, you can't close your eyes to debt forever before it catches up to you. The last thing you want is to pretend it doesn't exist and let it come back and bite you later when you least expect it. Those creditors definitely did not forget about the money you owe them, you can run but you cant hide. Here is a good article to keep you on your toes about saving money http://www.cutbaddebts.com/top-5-ways-to-save-money-on-home-services.
Why get out of debt? In the credit card example, there are 4 outcomes, all of them painful:
1. It stays about the same level, you pay the minimum payment, but charge some items, and it stays about the same. Pain - it never gets paid off, and costs you $233.94 a month.
2. It increases over time. This is probably most typical, as it is the easy way out, to not deny yourself the next purchase, what the heck, you're already in debt up to your eyeballs anyways. Pain - it gets worse, and your interest costs get worse.
3. It decreases over time. You have woken up, and are making more than the minimum payments and/or are not charging anything more. Pain - it takes a long time, self denial, self control etc. to do this.
4. You walk away from it, negotiate a payment plan or file bankruptcy. Pain - creditor calls and harassments, garnishment, inability to buy a car or home, the ruination of your credit rating for 10 years.
Correct answers: numbers 3, which is best, and 4, which is best if you are hopelessly over your head and don't have the wherewithal to pay it off.
I use wash cloths that I bought on clearance for the same reason. They don't match the kitchen or the bathroom washcloths so it is easy to keep them dedicated to this one use.
yes I do, but we usually buy them from friends, go to minor league games, or go to college games. cheaper and much more fun. i don't support the NFL at all though. they have become too ridiculous with their prices.
Hoarders would work better as a one-off documentary than as a series. If there is one thing we have too many of in today's world, it's cable channels. Everything you just said about the crap in one's house easily applies to cable TV. At some point, the quality of each of the dozens or hundreds of available channels is diminished to the point where we begin to ask ourselves why we're still paying so much money for all of that.
Do we really need 20 shopping channels (to fill your house with more crap)? 15 channels of "Jesus TV" (to fill your head with more crap your own minister wouldn't recognize as Gospel)? Fox News? I sympathize with anyone going through this situation, their friends, their loved ones, and so on, but when you take something that would have worked fine as a two-hour documentary film and make a TV series out of it, you end up with nothing more than something to fill that 7 PM slot - or that series of slots from 4 PM to 9 PM on a Tuesday night.
And don't even get me started on Hoarders' cousin Storage Wars.
That show makes me so, so sad. I want to hug every single person while at the same time turn off everyone's TV because it isn't fair to publicly make fun of someone's private disorder.
I don't go to sporting events often.
Thanks, Kenneth. You put it better than I did. There are few possible outcomes - none of them pleasant - but getting out of debt is actually the least painful one.
I am a homer, I love all of my home teams and I go to lots of sporting events. I live in Milwaukee so naturally I go to Milwaukee Brewer games. I bought a 10 +1 ticket pack this year and there is nothing like going to the ball park, having a hot dog and taking in a game. When I say nothing, that is until Green Bay Packers season. I have season tickets for the Packers. I try to make it to every home game and usually go to one away game. This year planning to go to Indianapolis. I still get chills going into Lambeau Field. If you hate the Packers but enjoy football, go there, you can smell and taste the history of the NFL as soon as you walk in the door.
You are welcome!
My mother in law is 75 years old, lives alone in a big house, and is a hoarder the equal of any we have seen on Hoarders. You can hardly walk around in her house. She's going to lose her home in one to two years, because she has acquired so much mortgage debt, she has no money left for food, utilities, car expenses or insurance.
We tell her she is a hoarder, but she doesn't process the information, and changes the subject.
My wife has hoarder tendencies, but I counter this with minimalist tendencies, so we end up with a nice balance.
Would this work on hail damage, about dime size?
https://twitter.com/#!/missluckybreaks/status/199946271371440128
I completely agree, you can't close your eyes to debt forever before it catches up to you. The last thing you want is to pretend it doesn't exist and let it come back and bite you later when you least expect it. Those creditors definitely did not forget about the money you owe them, you can run but you cant hide. Here is a good article to keep you on your toes about saving money http://www.cutbaddebts.com/top-5-ways-to-save-money-on-home-services.
Don't spend money recklessly, learn to conserve!
Liked you on FB!
Why get out of debt? In the credit card example, there are 4 outcomes, all of them painful:
1. It stays about the same level, you pay the minimum payment, but charge some items, and it stays about the same. Pain - it never gets paid off, and costs you $233.94 a month.
2. It increases over time. This is probably most typical, as it is the easy way out, to not deny yourself the next purchase, what the heck, you're already in debt up to your eyeballs anyways. Pain - it gets worse, and your interest costs get worse.
3. It decreases over time. You have woken up, and are making more than the minimum payments and/or are not charging anything more. Pain - it takes a long time, self denial, self control etc. to do this.
4. You walk away from it, negotiate a payment plan or file bankruptcy. Pain - creditor calls and harassments, garnishment, inability to buy a car or home, the ruination of your credit rating for 10 years.
Correct answers: numbers 3, which is best, and 4, which is best if you are hopelessly over your head and don't have the wherewithal to pay it off.
I go to sporting events, when someone buys my ticket!
I watch sports on TV
No, I don't go to sporting events. Too crowded, too expensive, too much drinking, too much of a hassle to park.
I liked wisebread.com on Facebook!
I haven't attended a sporting event in a while though I used to all the time.
No. Too expensive and Texas summers are way too hot for outdoor events.
Not really -- I like sports enough, but if I go to a game, it's never my idea.
I use wash cloths that I bought on clearance for the same reason. They don't match the kitchen or the bathroom washcloths so it is easy to keep them dedicated to this one use.
yes I do, but we usually buy them from friends, go to minor league games, or go to college games. cheaper and much more fun. i don't support the NFL at all though. they have become too ridiculous with their prices.
Hoarders would work better as a one-off documentary than as a series. If there is one thing we have too many of in today's world, it's cable channels. Everything you just said about the crap in one's house easily applies to cable TV. At some point, the quality of each of the dozens or hundreds of available channels is diminished to the point where we begin to ask ourselves why we're still paying so much money for all of that.
Do we really need 20 shopping channels (to fill your house with more crap)? 15 channels of "Jesus TV" (to fill your head with more crap your own minister wouldn't recognize as Gospel)? Fox News? I sympathize with anyone going through this situation, their friends, their loved ones, and so on, but when you take something that would have worked fine as a two-hour documentary film and make a TV series out of it, you end up with nothing more than something to fill that 7 PM slot - or that series of slots from 4 PM to 9 PM on a Tuesday night.
And don't even get me started on Hoarders' cousin Storage Wars.
That's so awesome to hear! Cutting back and eliminating superfluous spending definitely changes your life...
The 1st two suggestions you listed are invaluable since they help curb temptations from the get-go.
I've never heard of that book before... got to check it out from the library asap!
Only if my son is playing in the event.
i want it
That show makes me so, so sad. I want to hug every single person while at the same time turn off everyone's TV because it isn't fair to publicly make fun of someone's private disorder.