Your spending attitude

United States
March 30, 2009 8:33pm CST
From our daily observations, our culture was in the past, we spend more than we can afford. Because there were too many loans available for us. We use our credit cards without further consideration, we just swipe it again and again. When the bills come in, we regret that we spent that much then. This culture pass on day to day, until one day, we couldn't bear the payment burden anymore. Bankruptcy after another bankruptcy, which cause our recession, a temporary dead - end it seems. Once, if in the near future, our economy recovered again, would you consider to change your spending style, your attitude toward credit cards, and loan borrowing? Sometimes, you have re - think what you can or can not do at the moment you make your decision.
2 responses
cordharmonie
@cordharmonie (82)
• United States
31 Mar 09
I'm considering changing my spending style as well. I don't get into any huge financial trouble. But I have also seen other family members go through the same thing. Sometimes my heart sinks a little. One of my family members likes to go shopping quite a bit. I know we can "afford" this, but I don't know how long this will last. For example, she'll come home with a new pair of jeans and shoes. I know I have a little issue of buying more than I need: I have too much stuff! I have multiples of everything - a few bottles of mouthwash, PLENTY of cereal, multiple air fresheners... basically, a lot more than I need. I swear, I have multiples of everything (and by the way, this is a college dorm - where I really don't need that much). I don't even use half of the stuff that surrounds me. I'm going to try this new thing called living by the "bare minimum" - only buy what I truly, honestly, need. How? If I can go through many days okay without it, I don't need it. But if I find a need for it for the next couple of days, I'll get it - IF it's affordable. The only things I will spend more than $50 on are medicines - yes, some OTC meds do run expensive. :( Since I'm in college and don't have a job, I try to make myself "earn" the things I need. I just bought a $4 planner. Given that this isn't a very high price, I challenge myself to "replace" the lost $4 on MyLot. I know it's not necessarily a good way to go. But for not having a job, getting 50 cents a day isn't so bad.
Carolinaqt782
@Carolinaqt782 (193)
• United States
31 Mar 09
i definitely am planning on being more careful with spending here on out, whether the country is in a recession or not. i haven't personally made any huge financial mistakes that have ended up a burden on myself, but i've watched plenty other family members and friends do it, and it's biting them in the butt now. i have learned my lesson for sure. so yes, even if this economy does straighten out again, and we go back to "how it was", i will still be careful. plus, i'm always stressing about everythinggg under the sun. stressing more about money than i need to isn't something i should add to it lol.