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3 years, 1 month ago

What about you??

What's your biggest hurtle with personal finances? (Like budgeting, saving money etc.)
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srgothard | 3 years, 1 month ago
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Our biggest (and basically only) hurtle is student loans. I was lucky to be from a family that emphasized saving money and helped pay for college, and I never had any debts in my life. No such luck for my husband, so we are doing all we can to pay down his student loan debt. When that is paid, we will be debt free!

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davepamn | 3 years ago Report

Good luck. I think that is a great plan. I heard a story the other day about a person, who makes $1,500 payments for 27 years. The primary problem was consolidation of business debt and student debt. Since, your paying of student loans as a single debt, you will be debt free soon.

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davepamn | 3 years ago
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Medical bills, but this month I'll have them paid off. Yeah!
source(s):
One more debt bits the dust

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pirate | 3 years, 1 month ago
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My biggest problem right now is saving money for College next year, I'm planning on saving14 000 dollars by September 2010. I also have to feed my McDonalds addiction a few times a week. I'm surprised I don't weigh over 400 pounds.

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davepamn | 3 years ago Report

Think about saving the McDonalds money. Why? A student loan is about 1 1/2 to 2 times present money value in repayment. So every dollar you saved has a termendous future value return. You not eating a dollar menu item. You saving a 1 1/2 X to 2 X debt accumulation by using cash to pay for your college. Every cent counts.

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vbelladonnav | 3 years, 1 month ago
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My Biggest hurtle (That's Easy in Cali) My rent takes a lot of my pay. I pay $1600.00 a month for a 3 bedroom home and no it's not glamorous. Well that along with my car payment of $350.00 really takes a bite out of my Finances.

If I could get the car paid off ( Less than a year now) and find a decent place to live for less money I will be far better off.

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davepamn | 3 years ago Report

If your rent is over 25 percent of net earnings, you need to downsize or find a cheaper apartment without compromising safety. However, this may increase you commute time, to find the cheaper, yet safe apartment.

If your spending 40/50 percent of your net earnings on the apartment then it means lifestyle reason or outweighting money management incentives to live cheaper.

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nativenerd | 3 years, 1 month ago
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Strippers...*sigh*...they make saving money so difficult...

http://www.youtube.com/watch?v=qr-EQ0F6PBg

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kazopa | 3 years, 1 month ago
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Hopefully i am near the end of my hurdles of just finishing the last of my ex husbands debts, he died 4 years ago leaving a mountain of debts to tax and bank loans. There is light at the end of the tunnel!

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lsmarketing | 3 years, 1 month ago
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My biggest hurtles are increasing monthly expense including rent, household, servicing, I am able to invest some amount only but no more savings along with that! Trying something else too!

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davepamn | 3 years ago Report

I think rent expense have increased. As homes default, more individuals will seek to rent, and the land lords will increase price as demand rises. Interestingly, a land lord greatest fear is not getting a good tenant.

I use to talk with a land lord at lunch and he told about techniques to discovering whether a tennant was high risk.

The land lords may be factoring in risk and increasing price to cover the legal costs, if they have to evict or repair damage to their units.

Profit in rental units is a function of available units, occuppance levels, and low mortgage payment. Maybe Land lords are gather profits, today, in expectation of more difficult times, in the future.

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bunnyphuphu | 3 years, 1 month ago
25
My biggest hurdle is also my smallest hurdle.
I'm trying to save up enough money to move cross country with my Chihuahua, Lola (east coast to west coast).
As vbelladonnav said, the rent in California is not cheap, plus I need to find a place that will take me and my dog. The town I'm moving to is very small, so that will make the choices challenging.
So far I have $65.47 saved up. I should be there by 2025.
images:

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