- Aug 18, 2002
- 6,115
- 171
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If you've been in debt, and escaped it and are now in excellent financial standing, you can probably help me out. If you're in debt still, don't bother. 
But seriously, people who've had good amount of experience dealing with money and manging it well, I would appreciate a word or two of tips/advice, anything you can offer on the subject.
I've been thinking ahead a lot recently, as can be seen by one of my previous threads regarding moving out with my gf in the future (the thread was about our expenses, how much money we'd have assuming a given income, etc). Well, today is Thursday which I think is commonly known as payday for many people. Although I only work part time, I've also received some moula, much needed. I have a phone bill and Visa to pay, and next week I start classes - and I'm going to buy books/supplies for those tomorrow.
Problem : pay was a small $145 (not always work to do). I don't have enough money to pay for everything, and will be putting books on credit. What I'd like to inquire about is - is it a good idea to save a certain portion/percentage of what I receive starting NOW, even if I have some debt? For example, would it be wise to save $10-25 from what I made, and pay what I can with the rest - and keep doing this with every paycheck from now on?
OR, do you think it's a better idea to use 100% of my pay until I'm out of debt (not sure when that'll be), and hope that I can start making myself put money aside later on?
Your thoughts much appreciated.
But seriously, people who've had good amount of experience dealing with money and manging it well, I would appreciate a word or two of tips/advice, anything you can offer on the subject.
I've been thinking ahead a lot recently, as can be seen by one of my previous threads regarding moving out with my gf in the future (the thread was about our expenses, how much money we'd have assuming a given income, etc). Well, today is Thursday which I think is commonly known as payday for many people. Although I only work part time, I've also received some moula, much needed. I have a phone bill and Visa to pay, and next week I start classes - and I'm going to buy books/supplies for those tomorrow.
Problem : pay was a small $145 (not always work to do). I don't have enough money to pay for everything, and will be putting books on credit. What I'd like to inquire about is - is it a good idea to save a certain portion/percentage of what I receive starting NOW, even if I have some debt? For example, would it be wise to save $10-25 from what I made, and pay what I can with the rest - and keep doing this with every paycheck from now on?
OR, do you think it's a better idea to use 100% of my pay until I'm out of debt (not sure when that'll be), and hope that I can start making myself put money aside later on?
Your thoughts much appreciated.