Wait - if someone had to purchase a vehicle over 85 months at 8% interest, and the payment is killing his family’s finances, isn’t it safe to assume he doesn’t have good credit and a healthy debt to income ratio, and therefore likely won’t get that personal loan for 10%?

The biggest argument against this is the annual limit to contributing. Once you put the money in, if you take it out, you can’t put it back (assuming you’ve maxed). Or, if you put it back in the same year, you’re reducing the amount you can actually put in that year, I believe. But I could be wrong.

What orlro said - I think the $30 million figure is probably based more on inflation in the economy.

I have a separate savings accounts for Christmas, and I estimate what I think I’ll spend next year (usually based on what I spent the past year) and contribute a little bit every week. By the end of the year, even if it doesn’t cover everything, it certainly doesn’t kill my budget. I do the same for birthdays and…

I love discussing personal finance. I don’t disclose my salary typically, unless it is someone that I am close with, but expenses have no taboo with me. I’m an accountant so I’m pretty passionate about numbers, money, budgeting, etc. I see so many people that have no idea how to manage their money, so I tend to feel…

But does this apply in all countries? What may be illegal here could be entirely legal elsewhere.

What works for one couple does not always work for another. Shared finances does not always mean bounced checks and overdrawn accounts. My husband and I combined finances long before even getting engaged, and if we hadn't we would not be in the good financial position we are in today. I keep him completely in the loop…

I wholeheartedly agree with your comment. Just because you add them as an authorized user, why does that mean you have to give them the card? Let them reap the benefits and then apply for their own card. Win for them, and you don't have to worry about what they're doing with your credit account, either.

Eggs, rice, and bananas. Especially eggs. They're so full of nutrients, too.

I do the same, but obviously the gender roles are flipped. But to be honest, I'm a CPA, and he owns a gym. Not that he couldn't do it, but I get some sort of sick pleasure out of managing our finances so he lets me have my fun. This tends to mean he's a bit out of the loop with things, but I always let him know where…

Totally agree. I alternate between Tidy Cat and Dr. Elsey's. Two litter boxes, two litters. Cats get to choose which they want to use and I get to save just a tiny bit of money not buying 100% Dr. Elsey's.

I know that my husband complains about this constantly - he owns a business, a gym, and he is constantly getting text messages from clients asking about openings in the schedule, etc. He leaves them unread so that he remembers to respond to them. Otherwise if he sees a message that's been read, he assumes he…

We had this issue when we went for a mortgage. Because my husband's income comes from a brand new business, the bank wouldn't use his income as part of the debt to income ratio, and they needed to see our credit cards at $0 to meet the requirements for the debt to income ratio with only my income. I paid all the…

I had a destination wedding, and although we did receive gifts, we did make it known that we did not expect gifts when we were asked. We also didn't have an engagement party/bridal shower. We didn't need any of the random things we'd typically register for and we would have much rather our friends and family come to…

I respect and understand your reasoning for your way of managing your finances for sure, but the only thing I see anyone taking this stance missing out on is the fact that the rewards you receive from your credit cards can then be invested. This is my favorite - using money I got basically for doing something I was…

I did the same as well. This would be a cool use, though. Let's hope they change it in the future. I don't see why it's not possible as long as the person you're looking to send text messages to authorizes it.

I'll add to this. I also wouldn't call this a failure, but food for thought at the least. I don't carry credit card debt (I had in the past, but no longer), but I make purchases that are a little pricier than I should. Just because I can afford it, does not mean I should buy it. As an illustration: if a $20,000 car…

Yes, especially more recently as one of my friends from college (I graduated in 2010 mind you) passed away from cancer. She had no idea she had cancer until one day she couldn't swallow. When she went to the doctor she discovered she had a tumor pressing against her throat - as well as all over her body that had to…

Really love You Need a Budget. I'm just as bad as the next person with sticking to my budget, but at the very least it acts as one big check register. I put in the month's bill's in the register ahead of time, so that not only is that money "spent," it's also being accounted for in my budget as well. I also project…