I thought this was kind of a risky way to manage money even though technically you should be okay. I was talking to a person who made a lot of money for a contract job recently where he wasn\u2019t expecting the payment in about a month or so. However, despite this he decided to spend a large amount of money on luxury items now even though he technically can\u2019t afford it yet since he doesn\u2019t have the funds. So everything will be purchased with a credit card and the plan is to just simply pay off the balance once he gets paid.<\/p>\n
I personally feel that is a risky way to approach money because for one thing you never know if something may happen. For example, imagine in this case if a business dispute comes up and the company decides they don\u2019t want to pay the bill or at least not the full amount anymore which will not require say litigation.<\/p>\n
That definitely won\u2019t be good if you now have to pay interest on the credit card. Now you could say for some people that\u2019s a necessity where they live pay cheque to pay cheque and this is the only way they can pay the bills while not starving. I feel though if that is the current structure of your finances then you need to find a way to change it ASAP versus just saying it works so you will continue with it. I always view things like a credit as a form of convenience versus a necessity. Basically, if you have to borrow money everyday of your life to sustain a lifestyle then you need to find a different approach to your lifestyle and habits in my opinion.<\/p>\n","protected":false},"excerpt":{"rendered":"
I thought this was kind of a risky way to manage money even though technically you should be okay. I was talking to a person who made a lot of money for a contract job recently where he wasn\u2019t expecting the payment in about a month or so. However, despite this he decided to spend […]<\/p>\n","protected":false},"author":1,"featured_media":14030,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[199,210],"class_list":["post-14723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-credit-card","tag-habits"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2022\/02\/business_9.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-3Pt","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/14723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=14723"}],"version-history":[{"count":2,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/14723\/revisions"}],"predecessor-version":[{"id":14725,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/14723\/revisions\/14725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/14030"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=14723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=14723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=14723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}