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Are you afraid of the economy on the skids? Are you affected?
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<blockquote data-quote="Andy" data-source="post: 197779" data-attributes="member: 5096"><p>I have two debts (one for less than $2,000 and one for $550) that will be paid off by the end of the school year. I need to get that $2000 down FAST - I probably have spent almost $500 in interest fees on that one. I have until next August to pay off the $550 interest free but will pay it once the $2000 one is gone.</p><p> </p><p>husband has always been a good steward of his money. I don't get involved in his financial investments but by the mail and phone calls we get, I believe it is spread out. He does invest in bonds and has or had something in AIG (atleast we get an envelope from there every great while - not often).</p><p> </p><p>We own our home and some land (from husband's parent's estate).</p><p> </p><p>I have watched as insurance costs go up while co-pays and deductibles reach so high that it often seems like what is paid into insurance is a waste of money. Better off putting the cost away into a savings account if you have the self control not to touch it outside of emergencies. Insurance companies gather their income but come up with every excuse under the sun to not pay - primary care clinics are a pain since they are impossible to get referrals from - you just can't go to anyone anymore. Then those on state health care start getting charged co-pays - Come on! Like they really have the money? If they did, they wouldn't be on the state plan. </p><p> </p><p>I knew that the insurance world would start the US in an economical fall. Then the oil company decided to compete with insurance to see if they could take more of our money. The price of gas is unnecessary to the companies.</p><p> </p><p>Then to top it all off - the world of debt! Credit cards encourage people to spend - they earn their free money from interest - the more you owe, the more they charge. Even 50 years ago when my parents tried to get a loan, they were denied the loan at the amount they asked for as the loan company tried to force them into getting a larger loan. They said, "No, we know what we can owe." and they left to find another way to build using cash. Just like my $2,000 debt - the company loves that I Have a balance. </p><p> </p><p>I don't understand how people are making enough money to afford these mansions. I believe those people are way over their heads in debt for life. There can not be that many well paying jobs where husband can work while mom stays home with the kids in these multimillion dollar homes.</p><p> </p><p>Time to tighten the purse strings and really look at the budget to cut out unneccassary spending. Poor easy child will be hit the worse. She still has almost one month to go before I will take her shopping. She needed stuff two days ago - she better get used to no spending.</p></blockquote><p></p>
[QUOTE="Andy, post: 197779, member: 5096"] I have two debts (one for less than $2,000 and one for $550) that will be paid off by the end of the school year. I need to get that $2000 down FAST - I probably have spent almost $500 in interest fees on that one. I have until next August to pay off the $550 interest free but will pay it once the $2000 one is gone. husband has always been a good steward of his money. I don't get involved in his financial investments but by the mail and phone calls we get, I believe it is spread out. He does invest in bonds and has or had something in AIG (atleast we get an envelope from there every great while - not often). We own our home and some land (from husband's parent's estate). I have watched as insurance costs go up while co-pays and deductibles reach so high that it often seems like what is paid into insurance is a waste of money. Better off putting the cost away into a savings account if you have the self control not to touch it outside of emergencies. Insurance companies gather their income but come up with every excuse under the sun to not pay - primary care clinics are a pain since they are impossible to get referrals from - you just can't go to anyone anymore. Then those on state health care start getting charged co-pays - Come on! Like they really have the money? If they did, they wouldn't be on the state plan. I knew that the insurance world would start the US in an economical fall. Then the oil company decided to compete with insurance to see if they could take more of our money. The price of gas is unnecessary to the companies. Then to top it all off - the world of debt! Credit cards encourage people to spend - they earn their free money from interest - the more you owe, the more they charge. Even 50 years ago when my parents tried to get a loan, they were denied the loan at the amount they asked for as the loan company tried to force them into getting a larger loan. They said, "No, we know what we can owe." and they left to find another way to build using cash. Just like my $2,000 debt - the company loves that I Have a balance. I don't understand how people are making enough money to afford these mansions. I believe those people are way over their heads in debt for life. There can not be that many well paying jobs where husband can work while mom stays home with the kids in these multimillion dollar homes. Time to tighten the purse strings and really look at the budget to cut out unneccassary spending. Poor easy child will be hit the worse. She still has almost one month to go before I will take her shopping. She needed stuff two days ago - she better get used to no spending. [/QUOTE]
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Are you afraid of the economy on the skids? Are you affected?
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