Money management is simple - Credit Forums

Erik · #1 (**permalink**) 03-08-2007, 01:50 PM

The rule of thumb for money management, as I see it, is spend less money than you earn. That's hard to do during times of unemployment, but the rest of the time it's doable for the most part.

inverito · #2 (**permalink**) 03-11-2007, 02:12 PM

I agree 100%.

Suze · #3 (**permalink**) 03-16-2007, 04:26 PM

That's pretty old fashioned. Credit gives you the power to spend more than you earn - that is exactly what it's for and why we're here at this site, isn't it?

Magic69 · #4 (**permalink**) 11-02-2007, 06:18 PM

Yeah kind of a no-brainer, but waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay easier said than done.

fred333 · #5 (**permalink**) 01-29-2008, 02:59 PM

That is very true. I think it has a lot to do as how you were brought up viewing money.