March 20, 2008 Link Payday

It’s been a long two weeks since our last link payday. My mom is sick, my niece is on spring break, I’m on a nine day work stretch, I went to the dentist this evening, and this post is a few hours late. Still, it’s time to get this one on the road and out the door!

JD over at Get Rich Slowly makes a great post about the negative savings rate and the age of easy credit. Yes, right now, as a country, we have a negative savings rate–we spend more than we earn! The sad part is that it’s not a joke that debt is the American Way–it’s reality.

Lynnae over at BeingFrugal.net points out that there’s no shame in renting, which in these days of subprime mortgage disasters is a great piece of wisdom. If you can’t afford it, you can’t afford it, just like anything else–getting into debt you can’t handle, even “good” debt, is still a recipe for disaster.

Ron over at The Wisdom Journal points out even more issues with credit card companies and yet another way they might stab you in the back. Personally I’ve had much better experiences with Discover than he has, but my situation has also been much different.

Mrs. Micah points out how a surprisingly large number of things can be lived through–the current turmoil in the financial markets is nothing compared to the Great Depression, and many people who live in countries outside the U.S. are facing far greater challenges than we ever will. Perspective is always useful.

And finally, JLP over at All Financial Matters talks about an exercise in futility–estimating the future of the Dow Jones Industrial Average. We all would like to be able to time the market and figure out when it will rise and fall–and we all fail.

And that’s your Link Payday for March 20, 2008!

3 Responses to “March 20, 2008 Link Payday”

  1. Ron@TheWisdomJournalon 21 Mar 2008 at 4:23 am

    Hey Ryan, thanks for the link. Glad to hear you have had better success with Discover. I “discovered” they were no help at all when I needed it!

  2. Mrs. Micahon 21 Mar 2008 at 7:16 am

    Hope things settle down for you. Thanks for mentioning the post. I really wouldn’t like to have a lower standard of living (who would?) but I think that I would be able to live with it…

  3. Lynnae @ Being Frugal.neton 21 Mar 2008 at 2:13 pm

    It sounds like you’ve been busy! Thanks for the link!

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