Become a Saver

[bluewaves]

I read this in my newspaper this morning and thought I would share it with you. I know we've heard it all before, but it helps to hear it again.

Goals for savers:

1. not carrying a balance on credit cards
2. not using high interest loans, such as payday loans, title loans and revolving loans
3. cutting back on borrowing money
4. making a budget and trimming unnecessary expenses

[maat55]

Sound wisdom.

[Broken Arrow]

Welcome to the forums.

[aida2003]

I read this in my newspaper this morning and thought I would share it with you. I know we've heard it all before, but it helps to hear it again.

Goals for savers:

1. not carrying a balance on credit cards
2. not using high interest loans, such as payday loans, title loans and revolving loans
3. cutting back on borrowing money
4. making a budget and trimming unnecessary expenses

My guess is that for (marjority) people on these forums it's old news .
Welcome to the boards!

[Broken Arrow]

My guess is that for (marjority) people on these forums it's old news .

Hehe, yeah... preaching to the choir. But amen anyway!

[sweeps]

Actually #3 stirs some debate occasionally.

[Aleta]

Some things need repeating because new people do check in to these forums.

[rob62521]

And don't you think we all like to validated now and again that we are doing the right thing?

[maat55]

Another forum i go to reminds me of a war torn world of financial distruction. This is like pleasantville in comparison. I sometimes get a little jealous because i'm not where I want to be yet, but I'm getting there quickly. This forum provides good advice and goals to achieve.

[ceejay74]

Sounds exciting, Maat...I'm picturing like a Mad-Max postapocalyptic Web site. :-) Mind if I ask what forum it is?

This was the first financial forum I joined and the only one I belong to, really. Together with the articles on the main page and the individual blogs, it's pretty much got everything I need. But does anyone have any others they like as well?

[Aleta]

I, too keep hearing about other forums. How many are out there and do any of you belong to any of them?

[Stuartthomas]

I read this in my newspaper this morning and thought I would share it with you. I know we've heard it all before, but it helps to hear it again.

Goals for savers:

1. not carrying a balance on credit cards
2. not using high interest loans, such as payday loans, title loans and revolving loans
3. cutting back on borrowing money
4. making a budget and trimming unnecessary expenses

so how could one prevent himself from using the high interest loans or payday loans if one have actually been in a situation where they need extra cash to cover bills..Maybe other people have people they can borrow from to cover situations like this, but if a person don't have then i think payday loans are the absolute last option for them...and which makes this point a debatable...

[Fizgig]

so how could one prevent himself from using the high interest loans or payday loans if one have actually been in a situation where they need extra cash to cover bills..Maybe other people have people they can borrow from to cover situations like this, but if a person don't have then i think payday loans are the absolute last option for them...and which makes this point a debatable...

Here's how they could prevent it -

1) Trim monthly bills so that they're living below their means, and won't need last minute cash at the end of the month.
2) Save money so you have a cushion for unexpected expenses.
3) If 1 and 2 are impossible because of low income, get a better job or a second job.

These changes aren't the overnight "fix" that a payday loan is, but they're MUCH better in the long term.

Given the link in your signature, however, I don't expect you to listen to reason.

[PrincessPerky]

half the time the late fee on a bill is better than the interest on the loan.

And often getting something shut off is not as bad as folk make it out to be. One can survive without the internet, or even a phone.

[adyboy]

there is no better advice than this. I have been there with multiple credit cards and lots of debt. Took me 5 years, lots of tears and struggle to get to a no debt no credit card status. Now it dawns upon me that how totally foolish i was. Anyways you live and you learn. Guess life is after all the best teacher.