Why is it so hard for laid-off middle-aged workers to find new employment? These are all great questions. But really have no interest in someone who has been laid off. Or for someone who has been spending beyond their means and now has a mountain of debt to deal with.
It can happen to just about anyone. We might have the best budget and almost always stick to it, but every once in awhile something comes along that we just cannot resist. It is so easy to just charge it and worry about paying for it later. This is really what most people do and how they get themselves into trouble financially
Sometimes it is also a health problem, sometimes it is getting laid off or a host of other reasons. Bottom line is that we all need to have a cushion, an emergency fund, something to rely on when things just do not go the right way. An emergency fund is really supposed to be used to cover true emergencies and not just overspending. If you can deal with the spending issue without digging into your emergency fund or worse your retirement savings then you are better off.
Avoid the credit cards and if you do not have the money to pay for the item that will put you over the top, then delay until a later time. It will just cost you more money in interest as well as worry about how you will pay for it.
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