I always hate things like this. There's no "guaranteed" secret to happiness. People get happy over different things, and happiness is effected by every aspect of one's life. Personally, I couldn't care less about my financial position. Okay, maybe I could care less, but not much less. Also, this article had nothing to do with a secret to happiness, just telling you signs that you suck at the economy. It wasn't just an overall waste of my time, it was a complete waste of my time.
I think this article is informative and eye-opening. For instance, the statistic of the financial difficulties escalating was pretty shocking to me; it just goes to show how careless people can be with their money. Reading some of the points made in this article was actually pretty sad and pathetic; people spend way to much on materialistic items, and don't set money aside for the important things, like a mortgage for example. Then, they kid themselves into currently thinking they'll be able to afford all expenses, and when reality hits, they realize they can't. So, I agree with what this article is saying; sure we don't want to spend our money on "important" stuff, but rather on things we want; however, this article is like a wake-up call saying that you have no choice. You have to pay what really matters first, and if you can't live without income for around 6 months, that's just one of the many signs that tell you it's time to save, and to spend smart. ~Britt B.
The article basically suggested some ways to make your future life better. For example, save 15% of your income,don't use one credit card to pay another credit card and don't always struggle buy or not. How you control your money and your mind is very effective to your future life.Therefore, think before you use it.
The article points out the potential mistakes or actions we can take when we enter into the financial world and start a new world by our selves. It is more like a guide on how to use money. PEriod 7 Government and Economics Viola
This article really highlights the priorites of most Americans today. Most live solely to try and impress their peers, however, the article points out that it is simply foolish to do so. It also gives the reader many tips on how to live within your means and that is the key to financial flexibility in the future.
It's crazy to think that I would need to start saving 10% of my income at 25 yrs old to be in a good place for retirement. "But if you fail to pay for your item in full by the set deadline, you’ll get hit with sky-high interest charges." I can't believe that! So if I want a really nice leather couch set, I better pay by the deadline or I'm screwed. So if I'm questioning whether to buy something or not, I really shouldn't. I feel like crap now knowing that I can't go get a mani-pedi every other month without feeling like I'm struggling with money; very depressing. This article is a definite must read.
I find this article very useful, especially for my financial future. Even though I already have a job, still being dependent on my parents has allowed me to spend my money very haphazardly on everything. However, I won't have this type of freedom in the future and I have to start looking more realistically at money. This article has taught me the how to determine if I am "living beyond my means" and it breaks it into the simple tell-tale signs. I find the most relevant one is "saving less than 10% of your pay", again, I usually never think about the future and my savings. Whenever I spend, I don't think about how much money I should take out of my paycheck to save. Rather, I always spend my money right when I get it. This article suggests that from the age of 25, everyone should be saving at least 10% of their paycheck in savings for retirement income. I was uninformed of this and when I am 25, I will take this advice into consideration.
I think this article makes an interesting point about life middle-class America post recession. That point is one doesn't really know when the economy will start getting better and when one can actually begin saving more than a full years salary of savings. The current recession right now is trapping middle class Americans and puts them in a position to either save and spend less or to save less and keep the normal spending regimen. Peter Michelen p. 6 AP Micro
Unfortunately, with inflation kicking in, it also doesn't help that consumers are seeing higher grocery bills, paying more for gas, etc. This obviously doesn't account for inappropriate spending. However, people are making extra payments on mortgage payments and they pay off their credit cards monthly.
Young couple's that buy a four bedroom home, with pool, two cars in the driveway, and many credit cards to purchase their luxury to make them look good. They wonder later why their credit is destroyed and why they return to parents home. js pd.7
This article was very intriguing! I now understand that in order to fufill future goals or ideas it is important to save up 10% of your income. I find it extremely annoying that mortgage and texes take away most of a persons money. People who work 12 hour shifts 6 days a week deserve to spend their hard earned money on things they want.
This article mentioned helpful signs that you might be spending more than your financial situation allows. Many of these points make a great deal of sense and should definitely be taken into consideration. Also, the problem that many people have with balancing their finances may be due to the heavy consuming aspect of American society. Many people feel that buying material things can bring happiness and I don't discourage that. However, I do believe that this spending habit becomes problematic when consumers spend more than their income can allow.
Aditya I thought that this article had some pretty useful tips about managing finances in life, and I think that many of these signs are actually useful in determining financial stability. These tips reveal useful information about everyday life, such as making payments or deciding whether or not to spend money on a new item.
I think that this article would be really helpful to most of america. So many people in this country waste so much money on pointless things, when saving should be their main priority. Credit cards and loans have made spending money you dont own so easy, that everyone does it. The only thing you dont realize is that you will pay a huge price for it later on. I think that this article shows the importance of saving at a yuong age and not making mistakes with your money.
Matt G. (Period 7)
ReplyDeleteI always hate things like this. There's no "guaranteed" secret to happiness. People get happy over different things, and happiness is effected by every aspect of one's life. Personally, I couldn't care less about my financial position. Okay, maybe I could care less, but not much less. Also, this article had nothing to do with a secret to happiness, just telling you signs that you suck at the economy. It wasn't just an overall waste of my time, it was a complete waste of my time.
I think this article is informative and eye-opening. For instance, the statistic of the financial difficulties escalating was pretty shocking to me; it just goes to show how careless people can be with their money. Reading some of the points made in this article was actually pretty sad and pathetic; people spend way to much on materialistic items, and don't set money aside for the important things, like a mortgage for example. Then, they kid themselves into currently thinking they'll be able to afford all expenses, and when reality hits, they realize they can't. So, I agree with what this article is saying; sure we don't want to spend our money on "important" stuff, but rather on things we want; however, this article is like a wake-up call saying that you have no choice. You have to pay what really matters first, and if you can't live without income for around 6 months, that's just one of the many signs that tell you it's time to save, and to spend smart.
ReplyDelete~Britt B.
The article basically suggested some ways to make your future life better. For example, save 15% of your income,don't use one credit card to pay another credit card and don't always struggle buy or not. How you control your money and your mind is very effective to your future life.Therefore, think before you use it.
ReplyDeleteInteresting, the save at least 10 percent of your income is something that no one really does but can be a great asset for the future.
ReplyDelete-Kleepd6
The article points out the potential mistakes or actions we can take when we enter into the financial world and start a new world by our selves. It is more like a guide on how to use money.
ReplyDeletePEriod 7
Government and Economics
Viola
Armando Per. 7
ReplyDeleteThis article really highlights the priorites of most Americans today. Most live solely to try and impress their peers, however, the article points out that it is simply foolish to do so. It also gives the reader many tips on how to live within your means and that is the key to financial flexibility in the future.
Gabby pd. 7
ReplyDeleteIt's crazy to think that I would need to start saving 10% of my income at 25 yrs old to be in a good place for retirement.
"But if you fail to pay for your item in full by the set deadline, you’ll get hit with sky-high interest charges." I can't believe that! So if I want a really nice leather couch set, I better pay by the deadline or I'm screwed.
So if I'm questioning whether to buy something or not, I really shouldn't. I feel like crap now knowing that I can't go get a mani-pedi every other month without feeling like I'm struggling with money; very depressing.
This article is a definite must read.
I find this article very useful, especially for my financial future. Even though I already have a job, still being dependent on my parents has allowed me to spend my money very haphazardly on everything. However, I won't have this type of freedom in the future and I have to start looking more realistically at money. This article has taught me the how to determine if I am "living beyond my means" and it breaks it into the simple tell-tale signs. I find the most relevant one is "saving less than 10% of your pay", again, I usually never think about the future and my savings. Whenever I spend, I don't think about how much money I should take out of my paycheck to save. Rather, I always spend my money right when I get it. This article suggests that from the age of 25, everyone should be saving at least 10% of their paycheck in savings for retirement income. I was uninformed of this and when I am 25, I will take this advice into consideration.
ReplyDeleteI think this article makes an interesting point about life middle-class America post recession. That point is one doesn't really know when the economy will start getting better and when one can actually begin saving more than a full years salary of savings. The current recession right now is trapping middle class Americans and puts them in a position to either save and spend less or to save less and keep the normal spending regimen.
ReplyDeletePeter Michelen p. 6
AP Micro
Mark pd 7.
ReplyDeleteUnfortunately, with inflation kicking in, it also doesn't help that consumers are seeing higher grocery bills, paying more for gas, etc. This obviously doesn't account for inappropriate spending. However, people are making extra payments on mortgage payments and they pay off their credit cards monthly.
Young couple's that buy a four bedroom home, with pool, two cars in the driveway, and many credit cards to purchase their luxury to make them look good. They wonder later why their credit is destroyed and why they return to parents home.
ReplyDeletejs pd.7
MB period 7
ReplyDeleteThis article was very intriguing! I now understand that in order to fufill future goals or ideas it is important to save up 10% of your income. I find it extremely annoying that mortgage and texes take away most of a persons money. People who work 12 hour shifts 6 days a week deserve to spend their hard earned money on things they want.
This article mentioned helpful signs that you might be spending more than your financial situation allows. Many of these points make a great deal of sense and should definitely be taken into consideration. Also, the problem that many people have with balancing their finances may be due to the heavy consuming aspect of American society. Many people feel that buying material things can bring happiness and I don't discourage that. However, I do believe that this spending habit becomes problematic when consumers spend more than their income can allow.
ReplyDeleteAustin
period 6 micro
Aditya
ReplyDeleteI thought that this article had some pretty useful tips about managing finances in life, and I think that many of these signs are actually useful in determining financial stability. These tips reveal useful information about everyday life, such as making payments or deciding whether or not to spend money on a new item.
I think that this article would be really helpful to most of america. So many people in this country waste so much money on pointless things, when saving should be their main priority. Credit cards and loans have made spending money you dont own so easy, that everyone does it. The only thing you dont realize is that you will pay a huge price for it later on. I think that this article shows the importance of saving at a yuong age and not making mistakes with your money.
ReplyDeleteIsaac p 6