Don't Make Plans For Money You Don't Have

[james.hendrickson]

I've been seeing some postings floating around the internet about a supposed new wave of stimulus money that's being talked about by a couple of congressmen. Don't forget: don't account for money that you don't have. Its basically counting your chickens before they hatch.

Bonuses, class action settlements, dividend payments - they're all subject to change.

[disneysteve]

Yeah, people like to spend money they don't have yet. It's okay to sketch out a plan for how you might use the money IF you get it, but never commit to anything until the money is in your hands. And things like bonuses and tax refunds shouldn't be a part of your monthly budget. They aren't real until you actually receive them.

[myrdale]

Don't count on the end of the world either.

The current prediction is that due to offsets from the Mayan calendar, the world will meet it's demise on June 21, 2020. So you got less than a week to max out all of your credit cards.

While it sounds like a joke, people have sold everything they own or went into debt for various end of the world cults.

[Smallsteps]

I've been seeing some postings floating around the internet about a supposed new wave of stimulus money that's being talked about by a couple of congressmen. Don't forget: don't account for money that you don't have. Its basically counting your chickens before they hatch.

Bonuses, class action settlements, dividend payments - they're all subject to change.

Every person I have ever known that could never come up with 2 nickels to rub together always had the habit of counting on money before it ever came to be and too many plans for that money.

I am one of the many people that simply have not received any stimulus money, even though we would qualify based on income. I find it irritating of all this talk about round two when many have not received round one.

[~bs]

hookahs and blow! well worth your money, cheep!

[bjl584]

I'd say that this is the main reason there is so much credit card debt.
Buying things that you otherwise can't afford

[corn18]

OMG, we were the worst offenders in the history of ever on this! My bonus and stock options all come in March. We always had the best intentions to save it, but, nope, we always spent it all before it came in. As in massive CC debt (think $100k+). I got lucky and it always came, but we would have been in serious trouble had it not. Now it all goes into savings like we always planned and that is a lot better.

[ua_guy]

It's not a great idea to spend it all, even after it comes in. But that's what most people do, if they didn't already spend it.