Discuss.

11/22/2011 5:02:56 PM

Apparently not.

11/22/2011 5:03:43 PM

The way I see people shopping around the holidays, you'd think 75% of Americans aren't heavily in debt

11/22/2011 5:05:08 PM

The Soapbox.

It's that-a-way.

11/22/2011 5:05:13 PM

gotta spend money to make money... that's the counter thought I believe. I'm not sure, I don't fit this % of thinking.

I'm very VERY froogle, due to my parents, even though they are pretty well off.

11/22/2011 5:05:34 PM

Oh shit, he's gone from everyday minutiae to waxing philosophical


Same shit, different toilet

11/22/2011 5:05:56 PM

I make 2000 a month and I spend 2500.

But it's ok because I have a credit card and a social safety net.

11/22/2011 5:06:07 PM

Also, second question, should we feel sorry for those that choose to spend more than the make. (I'm not talking about those that go into debt because they have to pay for medical expenses or something similar) but those who willing pay for stuff they don't need

11/22/2011 5:07:00 PM

I feel happy for them knowing that people are failing elsewhere worse than me.

Am I bad?

11/22/2011 5:09:15 PM

Quote :

"froogle"

Lol, google would be so proud.

11/22/2011 5:09:46 PM

Is "spending less than you earn BEFORE you earn it until the interest you owe exceeds the value of what you earn".....

common sense?

11/22/2011 5:10:14 PM

^^Excellent term. You may want to copyright it before Google opens up their online market.

11/22/2011 5:15:13 PM

I should've never gone to college because I didn't have a guaranteed job when I started.

I'm Krallum and i approved this message.

11/22/2011 5:16:33 PM

rofl froogle

I'm Krallum and i approved this message.

[Edited on November 22, 2011 at 5:17 PM. Reason : nigga u must be trollin]

11/22/2011 5:17:01 PM

They already have it. It used to be froogle, but now it's just "Google shopping". Froogle.com still works though.

11/22/2011 5:17:20 PM

I had no idea. The more you know.

11/22/2011 5:18:04 PM

google already has it on lockdown

11/22/2011 5:18:47 PM

Our government doesn't understand the concept, how can everyday citizens be expected to?

11/22/2011 7:24:08 PM

it should be common sense, but its apparently not.

11/22/2011 7:25:08 PM

Not spending more than you make is common sense.

Common sense is not common.

Not spending more than you make is not common.

Not spending more than you make is uncommon.

Spending more than you make is common.

[Edited on November 22, 2011 at 7:29 PM. Reason : .]

11/22/2011 7:28:10 PM

I deserve more money because I spend more money.

11/22/2011 9:48:52 PM

[Edited on November 22, 2011 at 9:53 PM. Reason : i live off of a credit card to keep from starving. true story.]

11/22/2011 9:52:48 PM

no

11/22/2011 9:57:46 PM

Spending more than you make is the American dream!!

Ever heard of the Joneses??

11/22/2011 10:00:37 PM

^ they live in north raleigh where it is "cool" to look down your nose at other people

11/22/2011 10:10:46 PM

It depends on what it is.

I doubt many of you had the cash or made the money to pay for your education, so you took out a loan (like me) without a guaranty of even getting a job. In essence, in order to get to where you are now, you had to take a risk and break your own fiscal code.

Similarly most people don't have the cash on hand to purchase a car (maybe later on in life they do). So a loan is taken out and you go into debt.

If any of you own a house, how many of you paid cash for it? I doubt many of you did (if any). Debt was/is a necessity to get what you want. You can call it what you want (an investment), but there is no guaranties. Many people bought homes with the expectation that their investment would gain value and they didn't. But most home owners go into debt to get their house, and as such they didn't practice what they preached. They spent more than they made, and in many cases, spent more on a house than what they would make in 3-6 years.

Most in this thread want to get on their high horse, but most of us are just as guilty. Maybe we don't go into debt because of "crap," but we do go into debt and we're in just as much risk of getting fucked over by our debt.

11/22/2011 10:14:34 PM

House/Student Loans are not the same as consumer debt

11/22/2011 10:21:24 PM

yes but not if you can uses the system and get 0% interest and know you can pay it off before the interest kicks in. but that's a loophole.

So no don't spend more than you make. I don't

11/22/2011 10:24:29 PM

merbig with a serious answer.


That, in itself, is fucked up.

[Edited on November 22, 2011 at 10:31 PM. Reason : .]

11/22/2011 10:31:07 PM

11/22/2011 10:33:33 PM

^beautiful and accurate cartoon

11/22/2011 10:57:30 PM

totally inaccurate cartoon, you are a moron

11/22/2011 10:59:36 PM

Quote :

"It depends on what it is. ... Most in this thread want to get on their high horse, but most of us are just as guilty. Maybe we don't go into debt because of "crap," but we do go into debt and we're in just as much risk of getting fucked over by our debt."

Severe indebtedness among the population is not an inevitability. It is a symptom of our broken system. Credit should be much tighter.

11/22/2011 11:03:42 PM

Quote :

"House/Student Loans are not the same as consumer debt"

Debt is debt and can fuck you over equally. You can categorize it anyway you like, it is STILL debt. If you honestly believe in not spending more than you make and you take out loans to pay for anything, then you're not being true to your beliefs. If you have to make up excuses as to why the debt is "ok," then you're just creating exceptions to your own rule, which is hypocritical.

And Student Loans is worse than consumer debt. You can't declare bankruptcy and have the student loan forgiven.

Quote :

"yes but not if you can uses the system and get 0% interest and know you can pay it off before the interest kicks in. but that's a loophole. So no don't spend more than you make. I don't"

Did you buy something with money you don't have and you don't have the cash at the time of purchase to pay back your creditor? Then you do. You can't use mangled women logic to explain it away.

If so, it's debt. Interest rates has no bearing on the debt. What if the interest rate stayed 0% for 5 years, you didn't pay your debt off in 5 years and you lost your job? You're fucked. Or if you started paying off your debt, and then you lost your job, but got another job and the interest rates go through the fucking roof making it damn near impossible for you to pay off your debt.

The debt is risk you took to get something now.


Look. I'm not the one advocating spending only as much as you make. I try and do that and I don't blow my money on frivolous things that I can't afford. But brushing off debt that you actually have and criticize others for being in debt is hypocritical and foolish.

11/22/2011 11:04:26 PM

http://www.hulu.com/watch/1389/saturday-night-live-dont-buy-stuff

11/22/2011 11:10:58 PM

I don't usually agree with merbig, but I must say I agree with his posts ITT.

11/22/2011 11:20:03 PM

Quote :

"Severe indebtedness among the population is not an inevitability. It is a symptom of our broken system. Credit should be much tighter."

I never said it was an inevitability. Debt can obviously be managed. It's not a symptom of our broken system. It is a symptom of people being irresponsible.

People have been going into debt for thousands of years. It's all a matter of managing it and not getting in over your head.

Either way, going into debt carries the requirement of paying for something with money you don't have, which breaks the very mantra that's been espoused here.

11/23/2011 12:00:18 AM