I think I found THE answer... LOL
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|Wed, 05-07-2003 - 3:06pm|
Obviously there is no single best money strategy that works for everyone. Some people may want to concentrate mainly on paying off debt, others may pay minimums and put more toward savings or buying (with cash, of course) the things we want or need.
I just realized it's all on kind of a timeline. Past, present, and future. We used to buy things now and intend to pay for it in the future. Today, we may or may not still have the stuff we bought, but we're still paying for it and will continue to do so until it's gone. Meanwhile, we're trying not to create any new debt. What debt does, is make us pour our present money into the past. When we're finally debt-free, our money will be ours for the present and the future, we will no longer be financially tied to the past.
So, right now, each of us can find our own balance of where we want to put our money today. We can put as much as possible to the past to get done with it; we can put some to the past and some to the future; or we can put some to all three, enjoying some of it in the present.
Or maybe it's just my mid-week babble session. ;-)