update: decided not to go

xanis

Lifer
Sep 11, 2005
17,571
8
0
People say that money shouldn't be an issue because you have your entire life to pay it off.

Whoever told you that is an idiot. Responsible spending and good money management is a good thing.

EDIT: Let me also just say that that kind of mentality is exactly what's wrong with people today. They have the "oh I have a load of time to pay it off" state of mind, and that's when the trouble starts. Don't be stupid, don't get what you can't afford, and pay off your debts. You'll be glad you did later on in life when you're debt free, you have money in the bank, and you can do things like travel.
 

MichaelD

Lifer
Jan 16, 2001
31,528
3
76
Money is always an issue b/c you can't live without it. OK, lemme clarify; you can't live a CIVILIZED life without it. Whoever said money can't buy happiness wasn't shopping in the right store.
 

xanis

Lifer
Sep 11, 2005
17,571
8
0
Originally posted by: MichaelD
Money is always an issue b/c you can't live without it. OK, lemme clarify; you can't live a CIVILIZED life without it. Whoever said money can't buy happiness wasn't shopping in the right store.

Let me edit that... money can't buy happiness, but it sure helps.
 

speg

Diamond Member
Apr 30, 2000
3,681
3
76
www.speg.com
You could, but then you'll be stuck working to pay it off. I prefer to have no debts so I don't have to work. To each his own.
 

axelfox

Diamond Member
Oct 13, 1999
6,719
1
0
Originally posted by: Xanis
Originally posted by: MichaelD
Money is always an issue b/c you can't live without it. OK, lemme clarify; you can't live a CIVILIZED life without it. Whoever said money can't buy happiness wasn't shopping in the right store.

Let me edit that... money can't buy happiness, but it sure helps.

:thumbsup:
 

Verse914

Senior member
Dec 20, 2006
779
0
76
go on a trip, just don't go crazy. You should enjoy your youth. After you've had you're fun, start paying off that debt and get a good chunk of change in your savings account (at least 6 months worth of bills).
 

BarneyFife

Diamond Member
Aug 12, 2001
3,875
0
76
If you don't start saving early, then you'll never start. I got a friend that has passed up thousands of $$$ in overtime so he can watch football and drink at the bar on a daily basis. He complains that he's broke all the time too. I just don't get that. Money may not buy happiness but it sure as hell buys you freedom.
 

TehMac

Diamond Member
Aug 18, 2006
9,976
3
71
He already enjoyed his youth in college. Now he has to pay for it. Work now, play later.
 

ponyo

Lifer
Feb 14, 2002
19,688
2,810
126
I didn't realize people went into debt to go on vacation. How can you enjoy your vacation when you know you had to borrow to pay for it?
 

DaveSimmons

Elite Member
Aug 12, 2001
40,730
670
126
Do you have a couple of months worth of living expenses in a high-interest savings account? You should.

It seems much more sensible to pay down debt, build up savings, and take the expensive trip next year.

Get a PS3, Netflix, and go on a movie-watching spree instead? ( = $640 for a PS3 & year of movies).
 

mugs

Lifer
Apr 29, 2003
48,920
46
91
Originally posted by: fritolays
I'm in my early twenties and work a full time job.

I have credit card debt (-10k), some student loans and have monthly bills to pay.

Most of this debt was from college... I guess I went a little over board with credit card spending. But this is getting aggressively paid down.

I'm seriously considering going on vacations somewhere in December and January. It's going to cost me about $3000-4000. People say that money shouldn't be an issue because you have your entire life to pay it off. After December and January, I'll be back to just working and don't plan on going anywhere for a while. Should I go for it?

Those people are IDIOTS. I can't stress that enough. That is the absolute WORST attitude you can have. Now is your best opportunity to SAVE and get yourself on track for retirement. There are no circumstances in which it makes any bit of sense for a person in their 20s with a negative net worth to spend $3000 on a vacation for a single person (or even two people). Ask yourself, is it really worth adding that much debt for a week or two of fun? Will the fun seem like it was worthwhile when you're spending months paying it off?
 

skim milk

Diamond Member
Apr 8, 2003
5,784
1
0
Originally posted by: DaveSimmons
Do you have a couple of months worth of living expenses in a high-interest savings account? You should.

It seems much more sensible to pay down debt, build up savings, and take the expensive trip next year.

Get a PS3, Netflix, and go on a movie-watching spree instead? ( = $640 for a PS3 & year of movies).

I find video games and watching movies to be a waste of time. I like to travel to see and experience new things. Broaden my perspective
 

skim milk

Diamond Member
Apr 8, 2003
5,784
1
0
Originally posted by: mugs
Originally posted by: fritolays
I'm in my early twenties and work a full time job.

I have credit card debt (-10k), some student loans and have monthly bills to pay.

Most of this debt was from college... I guess I went a little over board with credit card spending. But this is getting aggressively paid down.

I'm seriously considering going on vacations somewhere in December and January. It's going to cost me about $3000-4000. People say that money shouldn't be an issue because you have your entire life to pay it off. After December and January, I'll be back to just working and don't plan on going anywhere for a while. Should I go for it?

Those people are IDIOTS. I can't stress that enough. That is the absolute WORST attitude you can have. Now is your best opportunity to SAVE and get yourself on track for retirement. There are no circumstances in which it makes any bit of sense for a person in their 20s with a negative net worth to spend $3000 on a vacation for a single person (or even two people). Ask yourself, is it really worth adding that much debt for a week or two of fun? Will the fun seem like it was worthwhile when you're spending months paying it off?


It's for 3 people, I'm paying for them (family members)