Comments on: Thoughts on Maxed Out http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/ Personal finance, commentary, and spending less the easy way Fri, 19 Mar 2010 14:24:44 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: VAN MAN http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/comment-page-1/#comment-169609 VAN MAN Fri, 23 Jan 2009 17:33:30 +0000 http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/#comment-169609 It's definately time to save, save, save (if you can) It’s definately time to save, save, save (if you can)

]]> By: Dreamerboy http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/comment-page-1/#comment-129041 Dreamerboy Thu, 13 Mar 2008 03:02:52 +0000 http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/#comment-129041 I haven't seen the movie but it doesn't at all sound far fetched, (I will look at it later). If I had come across this post before I got my credit card I wouldn't have thought it was that serious, but now after a maxed out credit card I know all too well the bittersweet realities of these harsh predicaments. I agree with mbhunter when he said that if you are ignorant you will end up making money for the banks, funny thing is, I used to be horrible at managing money and that bled into my bank account when I began over drafting, by the way a terrible thing to do. However, for people who decide to get a credit card without any financial knowledge they should be aware, there are big and scary sharks out there. www.bittersweetrealities.com I haven’t seen the movie but it doesn’t at all sound far fetched, (I will look at it later). If I had come across this post before I got my credit card I wouldn’t have thought it was that serious, but now after a maxed out credit card I know all too well the bittersweet realities of these harsh predicaments. I agree with mbhunter when he said that if you are ignorant you will end up making money for the banks, funny thing is, I used to be horrible at managing money and that bled into my bank account when I began over drafting, by the way a terrible thing to do. However, for people who decide to get a credit card without any financial knowledge they should be aware, there are big and scary sharks out there.

http://www.bittersweetrealities.com

]]> By: Jerry http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/comment-page-1/#comment-102432 Jerry Fri, 09 Nov 2007 19:38:04 +0000 http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/#comment-102432 Money problems, most of the time, are never just about money. I think this is indicated in the girls who committed suicide and many other scenarios we could post. It is true that the odds are in favor of the banks. Every person who makes money should understand and know how to play the "game". This knowledge keeps you from being the proverbial victim and can provide some insurance for yourself that you're on the right track. I wasn't taught about money and finance in school. Much of what I learned came from my mother who manages her finances splendidly. I'm lucky to have such an example. I hope to do that for my daughter to lead her in the right direction. My wife and I made some mistakes early on and hope to pass on what we learned to her. Jerry www.leads4insurance.com Money problems, most of the time, are never just about money. I think this is indicated in the girls who committed suicide and many other scenarios we could post. It is true that the odds are in favor of the banks. Every person who makes money should understand and know how to play the “game”. This knowledge keeps you from being the proverbial victim and can provide some insurance for yourself that you’re on the right track. I wasn’t taught about money and finance in school. Much of what I learned came from my mother who manages her finances splendidly. I’m lucky to have such an example. I hope to do that for my daughter to lead her in the right direction. My wife and I made some mistakes early on and hope to pass on what we learned to her.

Jerry
http://www.leads4insurance.com

]]> By: Jamin http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/comment-page-1/#comment-96793 Jamin Wed, 10 Oct 2007 01:39:13 +0000 http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/#comment-96793 Great tips for playing the game in the stacked deck of our society. I think one of the biggest problems facing Americans is that many of us were never taught how to manage our money, budget, and save. We either never learn it or learn it the hard way, very often. I wrote an article not too long ago entitled, <a href="http://wondr.net/2007/08/01/how-to-manage-your-finances-with-a-spreadsheet/" rel="nofollow">How to Manage Your Finances with a Spreadsheet</a> in which I discussed how I finally disciplined myself enough to make a reasonable budget and stick with it. The envelope system and using the snowball effect in paying off debt was huge for me. And tracking it all in a spreadsheet gave me visual cues that I was making progress. Anyway, thanks again for the article. -jamin Great tips for playing the game in the stacked deck of our society. I think one of the biggest problems facing Americans is that many of us were never taught how to manage our money, budget, and save. We either never learn it or learn it the hard way, very often. I wrote an article not too long ago entitled, How to Manage Your Finances with a Spreadsheet in which I discussed how I finally disciplined myself enough to make a reasonable budget and stick with it. The envelope system and using the snowball effect in paying off debt was huge for me. And tracking it all in a spreadsheet gave me visual cues that I was making progress.

Anyway, thanks again for the article.

-jamin

]]> By: Moneymonk http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/comment-page-1/#comment-96228 Moneymonk Mon, 01 Oct 2007 22:54:36 +0000 http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/#comment-96228 It all boils down to Money, you must always have a cushion. It all boils down to Money, you must always have a cushion.

]]> By: used vans girl http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/comment-page-1/#comment-96155 used vans girl Mon, 01 Oct 2007 12:26:16 +0000 http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/#comment-96155 Thanks for the advice and wise words. You are extremely right about the fact that its easy to get into debt and not so easy to get out. Credit cards make spending so easy and attractive, just like spending other peoples money which unfortunately it isn't. Thanks for the advice and wise words. You are extremely right about the fact that its easy to get into debt and not so easy to get out. Credit cards make spending so easy and attractive, just like spending other peoples money which unfortunately it isn’t.

]]> By: Mrs. Micah http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/comment-page-1/#comment-96003 Mrs. Micah Sun, 30 Sep 2007 00:05:07 +0000 http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/#comment-96003 I can't figure out whether watching this would just be too stressful. :-/ PaulD, you're right that mental illness must have been involved. Yet as someone who has suffered from mental illness and suicidal tendencies, I can tell you that hopelessness is the biggest part of it. And when you have a "good" reason for hopelessness like big bills, it's harder to work through your depression because the bad stuff won't go away just because you've worked through it. The bills will still be there, so it seems pointless. I can’t figure out whether watching this would just be too stressful. :-/

PaulD, you’re right that mental illness must have been involved. Yet as someone who has suffered from mental illness and suicidal tendencies, I can tell you that hopelessness is the biggest part of it. And when you have a “good” reason for hopelessness like big bills, it’s harder to work through your depression because the bad stuff won’t go away just because you’ve worked through it. The bills will still be there, so it seems pointless.

]]> By: Free Money Finance http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/comment-page-1/#comment-95759 Free Money Finance Fri, 28 Sep 2007 10:19:57 +0000 http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/#comment-95759 <strong>Star Money Articles for the Week of September 24...</strong> Here are some recent interesting posts from the MoneyBlogNetwork and beyond: Consumerism Commentary says Best Buy wants to train us hi-def novices. AllFinancialMatters previews 2008 tax brackets. MightyBargainHunter gives his thoughts on Maxed Out. Fiv... Star Money Articles for the Week of September 24…

Here are some recent interesting posts from the MoneyBlogNetwork and beyond: Consumerism Commentary says Best Buy wants to train us hi-def novices. AllFinancialMatters previews 2008 tax brackets. MightyBargainHunter gives his thoughts on Maxed Out. Fiv…

]]> By: mapgirl http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/comment-page-1/#comment-95590 mapgirl Thu, 27 Sep 2007 19:47:02 +0000 http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/#comment-95590 To PaulD, suicide has many factors which play into it, but a huge debt burden certainly does not help if the debtor does not feel they can ever pay their debts back. That hopelessness of very repaying it all is part of the psychology of a suicidal mind. Often times, in the pathology, especially for people like Fellowes who are manic depressive, racking up the credit card debt is part of their mania and a symptom of their depression. It can cause depression and it can be a symptom that keeps feeding the illness. Kudos to Fellowes for being forthright about his illness and how it impacts his debt payback. It's not easy to admit to the world your dysfunctions, but in acknowledging it, I think he's moving forward with his debt and his illness. To PaulD, suicide has many factors which play into it, but a huge debt burden certainly does not help if the debtor does not feel they can ever pay their debts back. That hopelessness of very repaying it all is part of the psychology of a suicidal mind. Often times, in the pathology, especially for people like Fellowes who are manic depressive, racking up the credit card debt is part of their mania and a symptom of their depression. It can cause depression and it can be a symptom that keeps feeding the illness.

Kudos to Fellowes for being forthright about his illness and how it impacts his debt payback. It’s not easy to admit to the world your dysfunctions, but in acknowledging it, I think he’s moving forward with his debt and his illness.

]]> By: mbhunter http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/comment-page-1/#comment-95538 mbhunter Thu, 27 Sep 2007 14:27:29 +0000 http://www.mightybargainhunter.com/2007/09/27/thoughts-on-maxed-out/#comment-95538 Pauld: Your point about mental illness is well-taken. Perhaps these young adults were predisposed to what happened to them. Scarfish: I believe that the woman in CA with all of the collectibles said something like what you remembered. I didn't feel as sorry for her as I did for some of the others. Pauld: Your point about mental illness is well-taken. Perhaps these young adults were predisposed to what happened to them.

Scarfish: I believe that the woman in CA with all of the collectibles said something like what you remembered. I didn’t feel as sorry for her as I did for some of the others.

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