Make the Unpopular Choice with The Economic Stimulus Money
I'm putting out the call for all people who get money unexpectedly to take the unpopular route and use it to pay down some debt rather than spend it. The very idea that you are in a position to spend new money while you're in debt at all is why Americans and America is in so much trouble right now.
Embrace the philosophy of a total-money-makeover and work towards it. Even if it violates the implanted logic that businesses and the credit industry have forced upon you, work your way out of debt before starting new ones and learn to live debt free.
Now realistically, I will probably spend some of the money on something nice like going out to dinner or a small gift for my wife. Psychologically, many of us will need to spend at least some of the money, but I'm OK with doing that if you still apply the vast majority to outstanding debts.
Tags: Debt, Savings, StimulusShare This
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