Black Money Business Jobs : Can You Share Examples of Emotional Spending

Peace and Blessings Family,

Brother Shikamaru shares great money / law information, and now has his own forum!

This topic ... Emotional Spending ... came up in this thread ... Understanding Money Basics.

I asked Brother Shikamaru for examples of emotional spending, and he said :

I shared an example, and others have contributed to the thread as well, give it a read.

But i think it's a topic worthy of its own thread / discussion.

Do you recognize emotional spending in yourself and/or others?

Can you share examples ... things not easily recognized as 'emotional spending' but is?

Love You and Thanks in advance!



Destee

 

Below is the example / comment i gave regarding emotional spending.

I think this is very important, because i don't think i am the only one, many of us can learn from this.

We probably all do some of it, and can learn to balance it better, with guidance and direction.

Thank You Brother Shikamaru!

Please ... everyone ... share examples of emotional spending ... so we can see and learn together!

 

Is this country's debt ... the usa ... the result of emotional spending?

They (we) live beyond our means ... right?



Destee

 

An example of emotional spending:

Buying tablets out of desire rather than legitimate need.
Buying into the hype.

 

Concerning the debt of nations, it is a bit different.

Most nations (including this one) throughout history go into debt on account of warfare and war expenditures.

This is also a great reason (excuse) to substitute paper notes for gold and silver specie.

The United States started out in debt because of the American Revolution.
The only time in US history the federation was completely debt free was 1834-35.
Since the Civil War we went into debt on account of war and haven't looked back.
The federation's debt at the end of the Civil War was $1 billion dollars.

 

Wow ... that is so kewl ... Thank you for sharing!

Okay ... i'll quit trying to appease myself by saying ... i aint alone, the country is in debt too! ...

Love You!



Destee

 

Let it suffice to say that war can be extremely profitable... particularly for international lenders ....

 

so wht abt during the clinton era....i recall hearing clinton got the US out of debt

 

Clinton balanced the budget. The US was still in debt, but the debt was declining.

Think of the budget as the income statement over a fiscal year. The overall debt would be in the statement of financial condition.

Budget surpluses or deficits would accrue over time and show in the statement of financial condition.

 

eating out........