Comments on: Reality Check - What the Numbers Say http://theweightofmoney.com/2007/09/reality-check-what-the-numbers-say.html understanding the weight of money Wed, 03 Dec 2008 20:21:59 +0000 http://wordpress.org/?v=2.6.2 By: Donna Jean http://theweightofmoney.com/2007/09/reality-check-what-the-numbers-say.html#comment-14218 Donna Jean Thu, 13 Sep 2007 12:38:18 +0000 http://theweightofmoney.com/2007/09/reality-check-what-the-numbers-say.html#comment-14218 Just to clarify, the money shuffling was ebay and shop-sale funds from the partner's personal accounts and funds from my personal account to cover planned business expenses. We're not pulling cash from savings to meet our monthly obligations; I included those details to clarify that we've not been limited to just one income source. Also, the depletion of savings would be to pay off credit card debt. Most financial advice suggests such a move because we're clearly not earning more in interest than we're paying in finance charges every month. However, having nothing left for real emergencies is a scary thought. Just to clarify, the money shuffling was ebay and shop-sale funds from the partner’s personal accounts and funds from my personal account to cover planned business expenses. We’re not pulling cash from savings to meet our monthly obligations; I included those details to clarify that we’ve not been limited to just one income source.

Also, the depletion of savings would be to pay off credit card debt. Most financial advice suggests such a move because we’re clearly not earning more in interest than we’re paying in finance charges every month. However, having nothing left for real emergencies is a scary thought.

]]> By: jonny http://theweightofmoney.com/2007/09/reality-check-what-the-numbers-say.html#comment-14184 jonny Wed, 12 Sep 2007 20:18:22 +0000 http://theweightofmoney.com/2007/09/reality-check-what-the-numbers-say.html#comment-14184 I must be missing something: you are able to work, you are going further into debt, and your living expenses increased, yet you are "struggling" with the thought of going back to work? And your options appear to be quite limited. How can you consider depleting all savings after you have spent a post talking about the need to keep shifting money from one hand to the other to keep things running. I must be missing something: you are able to work, you are going further into debt, and your living expenses increased, yet you are “struggling” with the thought of going back to work?

And your options appear to be quite limited. How can you consider depleting all savings after you have spent a post talking about the need to keep shifting money from one hand to the other to keep things running.

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