Comments on: Spending Money: Good or Evil?

By: SheSue

SheSue — Thu, 25 Sep 2008 02:48:17 +0000

Spending money without any thought is irresponsible and can be dangerous. Unfortunately the government makes it too easy to ‘bail out’ of a bad situation. Perhaps if it wasn’t so easy to write off your bad debts, people would think twice before spending more than they can afford to. Did anyone mention budget?

By: Emily

Emily — Tue, 23 Sep 2008 23:12:32 +0000

Wasting money definitely isn’t honorable, but everyone has a different idea of what wasteful is depending on their budget. To me, spending $100 on a shirt is wasteful because I’m on a tight budget and can get perfectly fine shirts for $20 or $30. To someone with a higher budget, $100 is a normal amount to spend on a shirt, and something like $300 would be considered wasteful, and so on. I think we can all agree that using a private jet can be wasteful, but with smaller things, there’s definitely some gray area.

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By: Credit Repair

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By: harmgb

harmgb — Sun, 21 Sep 2008 20:01:49 +0000

I kind of figure that some of these
ridiculous expenditures are a good way of
separating a fool and his (or her)
money. I see ads for a $5000 or more hotel
suite and just shake my head…..

By: KC

KC — Sun, 21 Sep 2008 15:33:12 +0000

We all have different beliefs on what is good to spend on and what is not. And those beliefs will change as we become more (or less) prosperous. As I’ve gotten more prosperous I’ve “purchased” things I never thought I’d pay for. Like a maid service – never thought I’d pay for that, but it gives me more time around my family, it causes fewer arguments with me and my spouse, and it genuinely makes me more happy and less stressed to come home to a clean home. I can’t think of many material possessions that can beat those returns. I feel that spending on anything that gives you quality time in return can be nothing but good.

By: Philip

Philip — Sun, 21 Sep 2008 14:49:48 +0000

Following the basis that we are a capitialist country, if someone wants to take their money and bundle it up and use it as firewood then they can do so. I personally don’t see why it is my issue unless they are spending money that is not theirs or is beyond their means.

Also, spending that is done by the government that does not follow capitialism ideals of getting what you pay for seems wrong to me.

By: D

Sat, 20 Sep 2008 13:24:52 +0000

The free market capitalist in you should recognize that if you made the money you should be free do buy whatever you want with it. It’s great that you think “at some point it’s “wrong” to waste [money],” but you should understand that not everyone has the same view of the world as you do. You wouldn’t want anyone telling you how to spend your money; you should respect others’ right to do the same.

By: LAL

LAL — Fri, 19 Sep 2008 22:58:47 +0000

I believe the line changes perhaps as you become more wealthy. What might have once seemed extravagant is now normal.

For example, paying 100% for college for your child seems outrageous!

But if you have the money why not? People will argue, you are spoiling the child. BUT maybe to you it’s worth it now that you have the money but 20 years ago it was unimaginable, and when you were in college you thought those people with 100% paid college were spoiled brats!

By: LAL

LAL — Fri, 19 Sep 2008 22:56:20 +0000

Thanks for the mention.