Money Money Money....Do We Ever Really Try to Save Any?

Canada
April 17, 2007 11:04pm CST
Hi Friends, Some of you only know me as the goofy husband who always pokes fun at my wife. I'd like to share another side of me, my favorite side actually. "Money", we all worry about it, we all want more of it, and we will do anything to get it. But, do we ever sit back and wonder why we can't save as much as we like, do you ever really take a look at your credit card statements and wonder where all these fees and penalties come from. About 6 years ago my wife and I fell into some hard financial times, I am not ashamed to admit it or share this with you because now we are in very good shape, anyway thats a story for another time, I was losing a business I spent many long hard years building and we had bills and debts like everyone else, on the verge of both personal bankruptcy and losing my business I really started looking at our finances....and what I learned shocked me!! The smallest of credit card balances had sky rocketed into huge debts, the penalties and fees on top of interest and late fees...I was stunned at how credit card companies could do this. From that time on, I did a lot of research and read a lot about the credit card industry and it is not pretty!! I built a website about the topic, I would really like you to visit my site and please give me your honest thoughts, if it was informative or helpful, did you learn anything from it? My goal with this site is to maybe guide people in the right direction who have mounting credit card debt and are worried about it. Thanks for reading my discussion and heres the site: http://www.byebyedebts.blogspot.com
3 people like this
5 responses
@gabs8513 (48716)
• United Kingdom
20 Apr 07
Hi there Wonderweb I am still fighting to get out of the Mess that my EX Husband has left me in and as you know I am on Disanility I still have times where I run out of Food and I am so tired of making arrangements and then I can't keep tp them because something else has happened I was doing ok until I was bullied out of my Job because of my Illness and for a year I was fighting for my Disability and that I had to sell the House to my Son as I was going to loose it All I got a week to live on was $100 My Mortgage alone was $900 a month and then all the other the Bills Well 4 years later I am still trying to get out of it This is one of the reasons I am sick a lot because of Money Problems and People getting to me I have the Internet still at the moment cause it is keeping me sane but I am finding it hard to keep it on. I know if I ever loose this it will affect me bad as it is all I have to my Interrest I do not go out I don't drink I never have I am not able to work anymore I am not able to do a lot of things anymore So the only Luxury I have is my Internet. I don't have Creditcards or anything like that I live from one Day to the next Your Blog is very good
@yanjiaren (9050)
18 Apr 07
Oh man there you are lol!1 Just yesterday I was wondering where you were . I totally agree with you I have a motto..SAVING MONEY = MAKING MONEY. I do not like to borrow if I can avoid it and after paying off my credit card I will only use it if I can pay it off at the end of the month not to accue any interest. I will avidly look at your new blog with all the dsense shoved on it lol. I AM BEHIND WITH MY BLOGS BECAUSE i HAVE JUST SETTLED BACK INTO lONDON. wILL START ON THEM AGAIN FROM NEXT WEEK.
• India
18 Apr 07
money - yes at home i tend to save money as much as possible. But whatever i try at times it so happens i end up spending unnecessarily and i am forced to spend money win which i really don't have the interest to. I don't like spending for autos and cars but since right now am not well am forced for al this and i tend not to save money by this.But saving is a very good practice that can help us in 1.old age 2. at times of recession when economy of country goes down 3. when you loose job 4. when you are not well
@zul200289 (111)
• New Zealand
18 Apr 07
wow.. thx 4 the info! Guess I'm off to pay my credit card bills.. lol =) -------- Are You A Wealthy Affiliate? Sign Up Now For A Free Guide! http://www.wealthyaffiliate.com/?a_aid=050VodAW
@royal52gens (5380)
• United States
18 Apr 07
Credit cards????? I don't have to worry about credit card debt. I cut them all up and paid them all off many years ago. If I do not have the money to buy what I want, then I don't need it that bad. Did you break your leg tripping over the credit card bill? lol