I have Suze Orman's Yahoo column listed on my homepage so that I can see whenever she writes a new article. Today's column is Stash it, Don't Cash It. She advises using that check the government is sending you to either pay off high interest credit card debt, build your emergency fund or put it in a long-term investment.
Glad to know that Suze approves my plan!
February 11th, 2008 at 05:25 pm 1202750708
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February 11th, 2008 at 06:50 pm 1202755838
I have a friend that will get $1,500. She has credit card debt of $15,000. with an 17% interest rate. That $1,500 in going to help reduce her debt thus not paying interest on the reduced amount. She also commented that in order for her to come up with that kind of money she would have had to have earned more and been taxed at that. They are a married couple with 1 child. She sees this as a God send.
Each person must do what is best for their financial plan and peace of mine.
By the way, I read the same article this morning.
February 11th, 2008 at 10:47 pm 1202770040
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February 14th, 2008 at 08:33 am 1202977988
February 14th, 2008 at 09:07 am 1202980052
As far as our American companies are concerned, they could care less about us as each day another American company is relocating south of the border to pay those measly $1 an hour wages vs a living wage for us Americans. Since they don't care, why should I care and bail them out. Sorry but I am doing the opposite of what the government tells me and save not spend. We have too much debt including myself and not enough savings and this is the richest country of the World? Tell me, do they have these overextended credit card debts south of the border?
February 14th, 2008 at 11:38 am 1202989094
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February 14th, 2008 at 10:29 pm 1203028141
Walmart, Target, K mart, Sears, Macys, Victoria Secret, Bj's, Costco, McDonald's, AT&T, Sprint, Verizon, Ralph Lauren, Polo and many popular stores that are so rich money is coming out of their ears or
SAVE, SAVE, SAVE, SAVE, SAVE and pay yourself or reduce your own debts. We will certainly not suffer greatly if
there is one less Walmart, K Mart, etc to shop at but we will have a less red balance sheet at the end of the year if we save. You decide.
April 24th, 2008 at 03:41 pm 1209048082