Thread: spend vs earn ?

apparently, the average north american spends more than s/he earns. that just seems crazy to me.. what are these people thinking ? personally, i can't imagine blowing away all my money if i had nothing in the bank.

any thoughts ?

this over here are not cheap but most people dont really do that

Spends on what is the question.

Originally Posted by echoblaze

apparently, the average north american spends more than s/he earns. that just seems crazy to me.. what are these people thinking ? personally, i can't imagine blowing away all my money if i had nothing in the bank.

any thoughts ?

It has to do with Credit Cards.

Yeah, if people do not pay constant attention to their cash, it's easy to go overboard. Bills don't help either.

Credit cards, spending, high interest debt, borrowing, debt, spending, borrowing, debt, borrowing...

Welcome to the consumer society. It is desired item, you must have it.

Its normal to spend more then you actually have in your bank. You just owe them a bit more next month. I know alot of people who tend to..well, spend everyting and more when they are out shopping/drinking, so I try to control myself when I pull out the card..

I think it's best not to have a credit card in the first place. You kinda feel the money leaving your hand while you buy things, while with a credit card you might feel invincible.

ermm.. lol I spend more than I earn But that's why I had a lot of money saved up (yeah groceries and food and phone bill and rent etc ;_; )

hmmm... my credit card hasn't gotten me into trouble yet. I just see it as money in my bank, I use it like a debit card, or like a my pay check isn't coming in until tomorrow but that's okay, I'll pay the credit card tomorrow kinda-thing.