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Aug 17, 2015 21:17:16 GMT
Post by michellemeyer on Aug 17, 2015 21:17:16 GMT
What do you think is the biggest struggle when it comes to managing money?
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Post by clarahanger on Aug 18, 2015 1:13:46 GMT
Probably the temptation to purchase things you can't afford, even though it's so easy to.
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john
students
GVW Volunteer firefighter. If it flys it dies, if it hops it drops!
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Post by john on Aug 18, 2015 1:45:50 GMT
I agree with clara, I think we spend more money then we make or spend the money before we even make it. Its not enough to just come up with a way to manage our money, we have to have the self control to actually follow that plan. Because if you stray off the plan by just a little bit it messes everything else up and you end up in a train wreck. Most people can create a way to manage money but there are few who have the self control to actually follow through with it.
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Post by hgore on Aug 19, 2015 15:24:01 GMT
To try to live a life that they cant afford. People always try to have the newest and biggest and nicest thing but it will hurt you in the long run
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Post by mckenna on Aug 19, 2015 15:28:47 GMT
People go into debt over stuff that they think they need when it is not a necessity at all. The hardest thing to do is convince yourself you do not need the newest and biggest thing.
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Post by jonathan on Aug 19, 2015 16:30:10 GMT
Having to pay for more then you can afford. At least that's how it is for my family.
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Post by alexandrafabulous on Aug 19, 2015 19:25:24 GMT
I agree with John. Waiting until you can afford what you want requires a lot of patience, and in America today that's something we generally don't have because there isn't much that we have to wait a long time for.
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dora
New Member
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Post by dora on Aug 21, 2015 0:00:31 GMT
A lot of people also use cards, debit or credit, when paying for items. It is very easy to just swipe and not think of the amount you are paying. For me I seem to spend less if I use cash because it is a physical thing that you are handing over instead of imaginary numbers.
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Aug 21, 2015 19:51:55 GMT
Post by michaelameyer on Aug 21, 2015 19:51:55 GMT
I agree with john, that it can also be hard to save up the money and be patient to buy something when you badly want or feel the need to own something or to invest in something that seems awesome at that moment but turns out to be a scam.
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Aug 22, 2015 20:55:35 GMT
Post by booklover468 on Aug 22, 2015 20:55:35 GMT
I agree with Dora. It's so easy to forget that you don't actually own all that money, especially with credit, and the debt adds up fast. Soon you're in big trouble. If you can actually see what you're handing over, and how much, it becomes a lot more real and a lot more painful
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Aug 23, 2015 0:34:39 GMT
Post by coyjohnson on Aug 23, 2015 0:34:39 GMT
Having the ability to discern between needs and desires. I also agree with John and Alex, that Patience and Self-control are extremely important. I think these are things everyone will struggle with throughout our lives. We're all human. We make mistakes. A big difference is how we react after we make them.
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dora
New Member
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Aug 23, 2015 0:48:49 GMT
Post by dora on Aug 23, 2015 0:48:49 GMT
^Definitely. You can make a mistake and get over your head in credit, but the big difference between between failure and success is how you react. Are you proactive and make a plan to get out or give up hope and get deeper in your issue?
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Aug 23, 2015 22:50:09 GMT
dora likes this
Post by Mr. Meyer on Aug 23, 2015 22:50:09 GMT
A lot of people also use cards, debit or credit, when paying for items. It is very easy to just swipe and not think of the amount you are paying. For me I seem to spend less if I use cash because it is a physical thing that you are handing over instead of imaginary numbers. Dora, this is a great point. Using a cash (envelope) system does really cut down on excess spending. Especially with larger ($20 and $100) bills, spending those causes an almost physical reaction. |
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Aug 25, 2015 18:35:03 GMT
Post by DieselDucy on Aug 25, 2015 18:35:03 GMT
I think the biggest struggle is saving your money. Because there will always be things you want. If you keep buying stuff and don't save much or at all them you go into debt.
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dj
students
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Aug 26, 2015 16:04:23 GMT
Post by dj on Aug 26, 2015 16:04:23 GMT
Living a life you cannot afford is one. There is so much pressure to have what you simply do not have the money to buy.
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