Cutting retirement?

[LivingAlmostLarge]

Nope, not DR ramsey, another board, people come on and say they want to get out of debt. They say "should I stop my retirement contribution?" BUT when they list their budget they haven't even cut cable or internet, etc. Instead they are stopping retirement first instead of last.

Nope, I agree rice and beans and retirement fine. If you've given everything up and live like a miser. If not then why stop retirement?

I also agree debtfree is a lifestyle, but I have no compuction about using my CC and saying I live debt free. I pay it off and have no carrying debt, although recently I can't say it with student loans.

[maat55]

Nope, not DR ramsey, another board, people come on and say they want to get out of debt. They say "should I stop my retirement contribution?" BUT when they list their budget they haven't even cut cable or internet, etc. Instead they are stopping retirement first instead of last.

Nope, I agree rice and beans and retirement fine. If you've given everything up and live like a miser. If not then why stop retirement?

I also agree debtfree is a lifestyle, but I have no compuction about using my CC and saying I live debt free. I pay it off and have no carrying debt, although recently I can't say it with student loans.

Honestly, I think meeting the match is ok. I'm a debt free freak, but the match is still worth staying with. And I also have two CC's that I pay in full. Dave pushes hard for getting out of debt quick as a conditioning experience. But, I think savy people can cheat a little.

[LivingAlmostLarge]

I guess these are none dave ramsey followers but get out of debt people. But they seem to miss the point of getting out debt when they cut retirement instead of cable or eating out.

[maat55]

I guess these are none dave ramsey followers but get out of debt people. But they seem to miss the point of getting out debt when they cut retirement instead of cable or eating out.

Many of them need to read The Automatic Millionaire or Start late Finish Rich.

[disneysteve]

I guess these are none dave ramsey followers but get out of debt people. But they seem to miss the point of getting out debt when they cut retirement instead of cable or eating out.

I think some people miss the point of getting out of debt. It isn't so that you can then spend all your money on luxuries. It is so that you can build a better financial future.

[fruitbowlk]

I remember when I found out I was pregnant with my daughter I turned everything I could turn off to pay off my car. People thought I was crazy but I got my car paid off a year early so when she came that was one less bill I had to deal with. People are too obsessed with cable, cellphone,internet etc. I could care less about any of it. As of today we don't have cable and probably won't for awhile.

[prosper]

Ima, we all know that the folks here are the exception, not the norm.

At another site, there was a poll once about cell phones: luxury or necessity. The vote was overwhelmingly for necessity. Now what all these people did 10 or 15 years ago when cell phones were rare, I have no idea. How a cell phone suddenly became a necessity is beyond me. I've got one, but if I couldn't easily afford it and still meet all our financial goals, I'd get rid of it for sure.

Unfortunantely, a cell phone has developed into a neccessity for me. I tried to get rid of it but after about a month I had to reactivate it. I have a lengthy commute and I am able to get a lot of business done on the phone. I have a PDA with internet access so it comes in very handy. If I did not need it for business reasons, I would get a cheap prepaid phone and use it only for emergencies.