Comments on: Warning Sign: Are You In Too Much Debt?

By: » 9 Warning Signs That You Have TOO MUCH Debt!

» 9 Warning Signs That You Have TOO MUCH Debt! — Tue, 11 Aug 2009 11:19:33 +0000

[...] first thing that you absolutely need to do is to ask yourself if any of the following warning signs apply to your personal finance [...]

By: MyLifeROI

MyLifeROI — Wed, 15 Apr 2009 04:47:09 +0000

@ Llama Money –

I always try to use logic to talk myself out of a purchase. My logic is VERY stubborn, haha.

But I do know people who can convince themselves that it is logical to get a new TV because they can’t see theirs from 20 feet across the room. So you are 100% right on that account… RUN!!

Thanks for stopping by, look forward to seeing you around :)

MLR

By: Llama Money

Llama Money — Mon, 13 Apr 2009 16:00:30 +0000

Rationalization is so dangerous. I’m guilty of it ( who isn’t, at some point? ). Making sense of debt through logic can never help you – never. If you find yourself rationalizing a purchase that you *know* deep down, you can’t afford, run away before you have a chance to talk yourself into it.

By: MyLifeROI

MyLifeROI — Fri, 10 Apr 2009 16:01:48 +0000

@ Studenomist

Indeed, but IMO the goal is to identify when you are rationalizing and use logic to get you out of the situation. Much like you did with yourself in regards to the clothes shopping!

We only get in trouble when we rationalize to ourselves and believe that the rationalization is true!

BTW, thanks for stopping by again! :)

MLR

By: Studenomist

Studenomist — Thu, 09 Apr 2009 20:28:41 +0000

Rationalizing is something that we all do whether we like to admit it or not. My school is located in the downtown district and there are obviously many stores around. So the other day on my spare I went to walk around and almost bought new clothes because of a sale. I tried to rationalize to myself that I needed the items but after a few minutes I realized I did not need to make this purchase.