Wednesday, May 30, 2007

Savings and Debt

That was really wrong of Sears making the percent so high which made their bill over $5,000 and that's out rageouse!! They only make $66,000 a year not a month a year. Most
Americans that get paid they don't even spend their checks on themselves they are paying their bills and none of it really to save it. Yes the Moellerings did run up their bill but how can they really expect them to pay that, that's hard! Now their in debt and it's going to be hard to get out of debt. Also their interest rates are really high if they were lower them they may be will be able to manage. Their really going to have to try to lower their monthly payments. These companies are charging these people for stupid senseless things oh and why their charging them for such things. Their mortgage is almost a $100,000 if you were to probably calculate their debt it's probably at least $150,000 more or less. I think the finance charges can really make your bill sky rocket threw the roof.
I think if Americans will save a little of their pay check each month and when a bill comes and it's a little too much you can dip into your savings and pay it off quickly so the bill doesn't grow. Also one thing you should never ever do is to pay off a credit card with another credit card. That's how you get into debt by thinking you can use other cards to pay off other bills but latter it bites you in the butt because that card you used to pay off the other card with that bill will be very high!!!

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