Re:Why Don't People Manage Debt Better?
by billmalarky on Friday February 19, 2016 @05:19PM
(#11137104)
Reminds me of the old joke:
"If you had stopped smoking 10 years ago you could afford to be driving around in a Ferrari right now."
"Do you smoke?"
"No."
"Then where's your Ferrari?"
Point is don't sweat the small things. Sure they add up, but you should dedicate a portion of your cash flow towards investments at the start of the pay cycle, not "what's left at the end." Then the rest can be spent on anything arbitrarily with a clear conscious.
"If you had stopped smoking 10 years ago you could afford to be driving around in a Ferrari right now."
"Do you smoke?"
"No."
"Then where's your Ferrari?"
Point is don't sweat the small things. Sure they add up, but you should dedicate a portion of your cash flow towards investments at the start of the pay cycle, not "what's left at the end." Then the rest can be spent on anything arbitrarily with a clear conscious.