Pete Posted November 27, 2019 Share Posted November 27, 2019 It could take a holiday miracle to get shoppers out of debt. An alarming 70 percent of Americans are stressed about the holiday season, with 32 percent worried about their finances, according to a survey from market research firm Ipsos in partnership with Country Financial. The average person would need approximately $58,673 to help them be debt-free this holiday season, according to the survey. And it’s because consumers aren’t managing their finances, and spending outside of their means. Nearly 40 percent of Americans report not setting holiday budgets and 72 percent of Americans aren’t setting aside any money for holiday expenses throughout the year, according to the findings. https://www.foxbusiness.com/financials/holiday-spending-americans-massive-debt Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 27, 2019 Platinum Contributing Member Share Posted November 27, 2019 I have a holiday budget. Same as it has been my whole adult life. One weeks earnings. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 27, 2019 Platinum Contributing Member Share Posted November 27, 2019 And it’s because consumers aren’t managing their finances, and spending outside of their means. Nearly 40 percent of Americans report not setting holiday budgets and 72 percent of Americans aren’t setting aside any money for holiday expenses throughout the year 1 Quote Link to comment Share on other sites More sharing options...
Pete Posted November 27, 2019 Author Share Posted November 27, 2019 Someone has to take the blame. Certainly not consumers. They are tricked into buying stuff . Quote Link to comment Share on other sites More sharing options...
Beavis and Butt-Head Posted November 27, 2019 Share Posted November 27, 2019 Just now, Pete said: Someone has to take the blame. Certainly not consumers. They are tricked into buying stuff . just blame it on Trump, whatever it makes them feel better 1 Quote Link to comment Share on other sites More sharing options...
Gold Member Stephen Hawking Posted November 27, 2019 Gold Member Share Posted November 27, 2019 15 minutes ago, Pete said: It could take a holiday miracle to get shoppers out of debt. An alarming 70 percent of Americans are stressed about the holiday season, with 32 percent worried about their finances, according to a survey from market research firm Ipsos in partnership with Country Financial. The average person would need approximately $58,673 to help them be debt-free this holiday season, according to the survey. And it’s because consumers aren’t managing their finances, and spending outside of their means. Nearly 40 percent of Americans report not setting holiday budgets and 72 percent of Americans aren’t setting aside any money for holiday expenses throughout the year, according to the findings. https://www.foxbusiness.com/financials/holiday-spending-americans-massive-debt Our family draws names and you buy for that one person, $100.00 limit. Wife and I have a $250.00 limit on each other. 1 Quote Link to comment Share on other sites More sharing options...
Edmo Posted November 27, 2019 Share Posted November 27, 2019 I had an issue with the credit cards when I was in my 20’s. Took a while to pay them off. Probably bit off more than I could chew with the house payment. Some live and learn, and others make the same mistake over and over. 1 Quote Link to comment Share on other sites More sharing options...
Cold War Posted November 27, 2019 Share Posted November 27, 2019 2 minutes ago, Pete said: Someone has to take the blame. Certainly not consumers. They are tricked into buying stuff . spot on comrade . capitalist Christmas music. 1 Quote Link to comment Share on other sites More sharing options...
bussman Posted November 27, 2019 Share Posted November 27, 2019 We have zero debt. So glad I’m not a slave to that. No stress here whatsoever. 1 2 Quote Link to comment Share on other sites More sharing options...
bussman Posted November 27, 2019 Share Posted November 27, 2019 5 minutes ago, Edmo said: I had an issue with the credit cards when I was in my 20’s. Took a while to pay them off. Probably bit off more than I could chew with the house payment. Some live and learn, and others make the same mistake over and over. Did the same myself some. Took disciple but ridded myself of that years ago. I get a kick out of the guys at work with 50-80k in revolving debt telling me my average credit score is somehow a bad thing. People are usually their own worst enemies. The people in debt because of medical reasons are the ones I feel for. That shouldn’t happen here anymore. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 27, 2019 Share Posted November 27, 2019 I'm writing Christmas bonus checks today and getting ready for our company Christmas party Friday. 1 Quote Link to comment Share on other sites More sharing options...
SSFB Posted November 27, 2019 Share Posted November 27, 2019 9 minutes ago, bussman said: We have zero debt. So glad I’m not a slave to that. No stress here whatsoever. House paid off too? If so, that’s awesome. House is the only debt I have. Quote Link to comment Share on other sites More sharing options...
Pete Posted November 27, 2019 Author Share Posted November 27, 2019 6 minutes ago, Anler said: I'm writing Christmas bonus checks today and getting ready for our company Christmas party Friday. How much do you bonus these people? Quote Link to comment Share on other sites More sharing options...
Cold War Posted November 27, 2019 Share Posted November 27, 2019 6 minutes ago, Anler said: I'm writing Christmas bonus checks today and getting ready for our company Christmas party Friday. * holiday. 1 Quote Link to comment Share on other sites More sharing options...
bussman Posted November 27, 2019 Share Posted November 27, 2019 4 minutes ago, SSFB said: House paid off too? If so, that’s awesome. House is the only debt I have. Renting until we move. Once we move to Wisconsin it’ll take 7-10 years to pay it off. Quote Link to comment Share on other sites More sharing options...
SSFB Posted November 27, 2019 Share Posted November 27, 2019 Just now, Pete said: How much do you bonus these people? He signs them all up for the Jelly of the Month club. 1 Quote Link to comment Share on other sites More sharing options...
SSFB Posted November 27, 2019 Share Posted November 27, 2019 Just now, bussman said: Renting until we move. Once we move to Wisconsin it’ll take 7-10 years to pay it off. Oh yeah, forgot you rented this place. Quote Link to comment Share on other sites More sharing options...
Cold War Posted November 27, 2019 Share Posted November 27, 2019 1 minute ago, SSFB said: He signs them all up for the Jelly of the Month club. The gift that keeps giving all year! Quote Link to comment Share on other sites More sharing options...
Anler Posted November 27, 2019 Share Posted November 27, 2019 3 minutes ago, Pete said: How much do you bonus these people? It varies on the position but the range is $500-$35,000 Quote Link to comment Share on other sites More sharing options...
Anler Posted November 27, 2019 Share Posted November 27, 2019 2 minutes ago, SSFB said: He signs them all up for the Jelly of the Month club. I'm not that generous. Quote Link to comment Share on other sites More sharing options...
Pete Posted November 27, 2019 Author Share Posted November 27, 2019 (edited) 2 minutes ago, Anler said: It varies on the position but the range is $500-$35,000 If you can dole out $35,000 per person then you are making too much money AOC and Bernie and chief spreading bull would never approve of your ridiculous income. Edited November 27, 2019 by Pete 1 Quote Link to comment Share on other sites More sharing options...
SSFB Posted November 27, 2019 Share Posted November 27, 2019 1 minute ago, Anler said: I'm not that generous. Generouse Quote Link to comment Share on other sites More sharing options...
Anler Posted November 27, 2019 Share Posted November 27, 2019 1 minute ago, Pete said: If you can dole out $35,000 per person then you are making too much money AOC and Bernie and chief spreading bull would never approve of your ridiculous income. That's why I give it all out in bonuses! Quote Link to comment Share on other sites More sharing options...
Pete Posted November 27, 2019 Author Share Posted November 27, 2019 Just now, Anler said: That's why I give it all out in bonuses! Hey Take it up with them Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted November 27, 2019 Share Posted November 27, 2019 23 minutes ago, SSFB said: House paid off too? If so, that’s awesome. House is the only debt I have. House for me, and the wife's car has a couple years left. I can handle a couple debts. Just paid cash for the new tractor and farm equipment though. Neal Quote Link to comment Share on other sites More sharing options...
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