Is it wrong?

@Trace86 (5033)
United States
December 29, 2006 1:00pm CST
I have been doing lots of overtime at work lately. I am expecting a decent check from it. The office always splits my ot into a seperate check so I don't lose everything I earned to taxes. I have a huge credit card bill that I really need to pay off, but my iPod has been acting up and I want to use my extra check to buy a new one. Is it wrong to buy a new one instead of paying bills?
5 people like this
26 responses
@meeoww (1174)
• United States
30 Dec 06
Well, it's not wrong, but it's not a wise decision. Can you perhaps have the iPod repaired instead of getting a new one? Is it covered by warranty? But I don't understand the 2 check thing. Since taxes are based on percentages, it's all the same in the end, isn't it?
3 people like this
@Trace86 (5033)
• United States
12 Feb 07
If the overtime pushes my earnings past a certain amount of money, then I lose more of it to taxes. The book keeper splits it if it hits that point.
@kareng (30627)
• United States
30 Dec 06
I would pay my bills first. You pay more interest on unpaid balances. By paying your bill(s) you could save enough on the interest to buy a new Ipod :) or at least put toward buying a new one.
3 people like this
@sexymuma (1261)
30 Dec 06
pay your bills,you can always get a new ipod at a later date.xx
3 people like this
• United States
29 Dec 06
What's more important? Being debt free or having a new toy? I always use any extra money I have to pay off my credit cards. I'd rather be debt free sooner then have an extra toy or gadget. Things like that can wait.
2 people like this
• India
30 Dec 06
yes
1 person likes this
• India
30 Dec 06
Try to be debt free! In the next month OT check you can buy new ipod or anything else.
1 person likes this
@Bee1955 (3884)
• United States
30 Dec 06
Pay the bill and use the credit card to get a new ipod!
1 person likes this
@jfeets726 (775)
• United States
29 Dec 06
Of course, you should do whatever you want, but I would recommend that you pay off someof your credit card bill. I know that is easier said than done. In fact, I have been in your shoes before. Many times I chose to get a new toy or a new outfit. Unfortuently, that didn't help my debt and I am still in debt today.
@Trace86 (5033)
• United States
29 Dec 06
Thank you for your responses. I was hoping for validation. However, you are probably right. I should pay the credit card bills and maybe start saving for a new iPod, since my old one isn't totally trash yet.
1 person likes this
• India
30 Dec 06
why
1 person likes this
@ossie16d (11825)
• Australia
30 Dec 06
I am not sure that there is actually a right and wrong in this situation but think it through very carefully before doing anything rash. Of course it would be good to have a new iPod if your old one is acting up. However is a new iPod absolutely essential to have? On the other hand you have this huge credit card bill which is also accruing interest on the unpaid balance, or that is generally how they work. If you do not pay the money off your credit card, then the amount will not reduce plus there will be even more interest added to the balance. If the choice was mine, then I would be paying the extra off the credit card. Once you have that down to a manageable level, possibly with a zero outstanding balance, then you can use it to get your new iPod. Also if you put all the extra money you get for the overtime off your work, then the credit card bill will be paid off before you know it. Then, perhaps you can get a larger and better iPod. Sad that I have to say it as I have above, because I think that you would have liked someone to say "get the iPod and pay the credit card bill off later". Well, that person is not going to be me because you can always get the iPod later but if you harm your credit rating, that is harder to repair.
@ossie16d (11825)
• Australia
13 Feb 07
Thanks very much for giving me best response to this one Trace. :)
@brendalee (6083)
• United States
30 Dec 06
I would buy what I wanted only because life is too short and you never know when your time is up. I say enjoy yourself. The bill will still be there next month. Yes, bills are important. Now if it was the electric bill and they were going to shut you off, I would have said pay the bill. But the credit card company will just send you nasty letters and call you all the time.
2 people like this
• Pakistan
30 Dec 06
i agreed watever he/she said u must follow the things which are mention
1 person likes this
@emeraldisle (13139)
• United States
30 Dec 06
Well instead of buying an Ipod why don't you look at a cheaper version of it? If you can get by with one that isn't as expensive perhaps you can pay off your bill and buy the player you want. That way both things are done and you don't have to worry about the huge bill being over your head or your player quiting on you.
@abilbrey (114)
• United States
30 Dec 06
I agree you could put some to the credit card and some to a new toy. There are many good players out there without the Nanos price.
2 people like this
@kris55 (853)
• Canada
29 Dec 06
Its easier said than done when people say to pay off your bills first!! I always do that!! I want to pay off the bill, but then I see something I think I need more!!
2 people like this
• United States
29 Dec 06
It's all about will power and control.
1 person likes this
@kbkbooks (7028)
• Canada
30 Dec 06
Pay all your debt off first. After that if you have some left, buy your toy or save up for it. Take a look at my discussion on credit card collectors. I was paying my debts fine till I became unable to work. You never think it's going to happen to you, but it can. And now I am stuck waiting for my government benefits for months and months, unable to feed my family without food bank help, etc. If you pay off your card first, and please don't drive it up anymore than absolutely necessary, then save up and buy the iPod...you will be much happier in the end. Don't be a spoiled brat who HAS to have an iPod or cell phone. Work for what you want instead, and in the end you will appreciate it more.
@clark16 (375)
• Philippines
30 Dec 06
We'll it's not wrong to buy the things you've wanted but what's wrong is to ignore paying your bills and obligations. Try to prioritize which one is important, to know what's importaant ask yourself what are the things you can't live without...
2 people like this
@sahergul (774)
• Pakistan
30 Dec 06
well, learn to manage urself and things buddy... infact learn to live.. cheers :)
2 people like this
@venshida (4837)
• United States
30 Dec 06
I always pay my bills first. Why risk a negative blemish on your credit when you can avoid it? Pay the credit card bill.
• Australia
30 Dec 06
Trace you need to pay of your debts first then buy what you want when you save the money. I'm doing that now. I pay myself first. read the book "The Richest Man In Babylon" I'm not sure who it's by but very good reading one of a couple of books that changed my whole look on finances. Please read it
@parttimer (127)
• India
30 Dec 06
After all this hard work do you want to still continue debt-ridden. Say Debt-riddance is good-riddance and finish off your debts. Same kind of hard work next month and you can get a new IPOD. Now that will be debt-free. Think....there is no one to pester you for money.
2 people like this
@Mtushar87 (488)
• India
30 Dec 06
ya its wrong..dont do that ok.
1 person likes this
@taruha (559)
• United States
30 Dec 06
it is not wrong but you may end up in the same position again after some time and your bill may pile up again.what will be the solution then?if you have huge otpayment coming up, please pay the bill and that will be good.
1 person likes this
@rakinitin (686)
• Canada
30 Dec 06
I don't think you will really enjoy the toy much if you are in debt because of it. Consider your priorties and follow the path of reason. If your credit card bill is so big perhaps you already have treated yourself to some things.
30 Dec 06
I would buy the ipod but give advice to everyone else to pay it of the credit card. Why dont you do both, buy a cheaper ipod of ebay or second hand and pay the rest off your credit card. you get the best of both worlds then.
@cjbart (20)
• United States
30 Dec 06
Buy the I-pod and you will continue to Pay The DUMMY TAX of interest. What ever possess a person, who owes money, to think the need something that didn't exist a few years ago. If you have a job, be thankful. If want to accumulate Wealth and not worry about a job. Pay the credit card off ASAP. Throw it away. "No more effort is required to aim high in life, to demand abundance and prosperity; than is required to accept misery and poverty" By the way splitting checks can get you in trobule if there are too many of them, you could have additional Tax Liability. On top of all that old man ranting. Have a Happy & Safe New Year