Wednesday, April 27, 2016

Your Not Financially Savvy If.....

                                         Good Morning Family How are you today?

Clues that someone isn't financially savvy?
If they leasing a car.

Carrying a balance on a credit card (other than exploiting 0% deals for those of us who are savvy).

Using payday lenders or check cashing places.

Buying lottery tickets as a regular habit (not the occasional dream purchase).

Going shopping because the store is having a big sale even though they freely admit they don't need anything.

Anyone who thinks that someone with a lot of expensive things actually has a lot of money,

 Borrowing money from your 401k for anything other than an absolute emergency. And even then...

  Interest only mortgages. (especially if held until the "interest-only" time period expires, and the holder is not prepared for a large increase in payments)
A classic from the recent recession: "I've lost almost everything from my investments. I might as well pull out what's left and put it into something more safe." You don't lose anything (other than market value) unless you sell!!

4. Using an ATM at a casino.

                                                   Have a Great Cheap Cheetah Day

No comments:

Post a Comment