“Living within Your Means…” a broken record

November 25, 2008 – 10:19 pm – No Comment

I have read a lot of articles online saying that the number one way to keep your life “recession proof” is to live within your means. This means to live comfortably, as long as you can afford it with “cash-in-hand”. However, I find that this is common sense and sometimes people need more than this as a guideline.

How many times do we need to be told not to max out our credit cards, after the fact? I’m a 5th year senior, of course my credit isn’t as great as it would be if I was a graduate and paying off my student loans…I have to live with my decisions in these hard financial times, and when I graduate (sometime this summer) I have to go out and find a job that will cover my expenses, or hopefully (at least) cover my loan payments.

I have lived within my means, but at the same time, I will graduate college with a large amount of debt.

I guess I’m just tired of every time I go to Yahoo it tells me that I should live within my means when I know I have such a large debt facing me.