For every family that is successfully paying off debt and saving for the future, there are many families who simply are not making any headway. I have often wondered what it is that makes a family choose to be a financial mess. Were they never educated about financial matters? Are they unable or unwilling to tell themselves “no?” Do they ever want to be able to go on vacations, save for their future, and hopefully retire someday? Why don’t some people bother to put any money away? Don’t they want to spend their golden years living comfortably, allowing their nest egg to provide for them?
Sure, there are many reasons that some families just can’t get ahead. Things like health problems and unforseen accidents do occur and some people are unfortunate enough to be held back by them. However, most of the financially troubled people I know simply aren’t trying hard enough. They are spending all that they earn and sometimes more. They are making excuses and passing the buck to a later date. They are stressing out trying to find ways to make more money…..when really it is their spending that needs to be addressed.
The simple fact is that a lot of people are living in denial. They are making excuses and I have certainly heard a ton of them! Here are a few of my (least) favorites. [Read more...]