This advice is intended for people with more money than sense who are going to spend their way into debt no matter how much they have, and who will only cut down on spending when they’re in the red.
Exactly! Some folks simply do not have the financial discipline/knowledge to fully pay off their loans, and for them if they waited until their loans are paid off they’d never have a retirement savings. If they start squirreling away money now they have more options in 10-20 years than they would in 10-20 years without it
Personally I’d spend less energy avoiding spending my way into further debt than I would dealing with the stress of being in all that debt, but everyone’s different on the inside.
This advice is intended for people with more money than sense who are going to spend their way into debt no matter how much they have, and who will only cut down on spending when they’re in the red.
Exactly! Some folks simply do not have the financial discipline/knowledge to fully pay off their loans, and for them if they waited until their loans are paid off they’d never have a retirement savings. If they start squirreling away money now they have more options in 10-20 years than they would in 10-20 years without it
Personally I’d spend less energy avoiding spending my way into further debt than I would dealing with the stress of being in all that debt, but everyone’s different on the inside.