9 signs you're in debt denial

You may think you've learned your lesson from the Great Recession, but if you're guilty of any of these unwise money choices, you may be fooling yourself.

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VIDEO ON MSN MONEY

72Comments
Jan 15, 2013 8:22PM
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The joke is on those who thought they were doing all the right things.  Turns out those who were being responsible and following a budget they could afford before real estate prices crashed and unemployment set in get squashed.

 Once again, those who get up everyday and go to work, pay their bills on time, and spend only what they can afford are kicked in the teeth when they get a few months behind due to circumstances beyond their control.  And then there is no way to dig out of that hole the banks and credit bureaus bury you in.  All the "support" is for the lazy and irresponsible.  Maybe the answer is just to join them and let someone else pick up the tab! 

...Eventually there won't be anyone left to pay the bill.

Jan 15, 2013 8:21PM
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Obamanomics is all about spending more than you'll ever take in so have at it, Obamaville!
Jan 15, 2013 8:18PM
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Could we send #'s 2, 4, 9, and 10 to Obama?  There is no doubt he doesn't get it!
Jan 15, 2013 7:22PM
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The statement you made have a double negative, you needed the truck for business.
Jan 15, 2013 7:07PM
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This is hysterical coming from MSN. Why don't they send this to BO. Every symptom that is mentioned is being ignored by our holy commander and chief financial disaster officer of the United States.

 

You get the latest from him? He says Congress pays the bills. He's just an innocent, naïve guy like the rest of us. He's spending our money and we're cheering him on and blaming everyone else.

Jan 15, 2013 6:54PM
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food chains selling you burger for $1

yet those freakin chains making BILLIONS $

 

Jan 15, 2013 6:52PM
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YOU MUST ALL KNOW BY NOW.. The retailers

are brainwashing us 24/7.. Americans are suckers

shallow..they often crap just because saw some ads

some where..thats why America is so screwed up

..just learn Chines and SHUT UP.

Jan 15, 2013 6:47PM
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I was in this cycle at one time took a little over( and a lot mac and cheese )2 years to get out of debit. Now I i do everything with cash.
Jan 15, 2013 6:09PM
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Maybe the idea of "saving" money is reduced directly to the fact that banks and financial institutions are offering pennies of interest to put your money there, while still charging ridiculous percentage rates on loans....most people saving money aren't stupid. Therefore your statistics on savings could be under the matresses afterall.
Jan 15, 2013 6:04PM
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I totally disagree with the "bought a new car to save gas...." denial. I will make this short:

 

I own a very large diesel guzzling truck I need & use for farm use. When the price of diesel "shot" past regular unleaded prices I purchased a small car for about 18k. My breakeven point between the price of diesel (based on my truck mileage) and price of gas (plus cost of car & insurance) was a little over 50 months. I have been seeing the benefits for over 2 years now. Of course, you need to hang on to a vehicle for a while to see a return as I have. ALWAYS obtain a breakeven analysis prior to making a purchase!!

Jan 15, 2013 6:02PM
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it is simple..to not overspend..you don't need it ALL AND FOR GODS SAKE PAY CASH!
isn't that easy.?   .you don't need expensive cosmetics..try Avon..works just fine...great colors, too.
you also don't need a big diamond if you're getting married and a big wedding..do what
you can afford!!  Afford is the word here folks...the person is more important than the wedding
and have $$$ in the bank if you're getting married or living together..

Thanks for listening !  Rose in Las Vegas, NV

Jan 15, 2013 5:57PM
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I love the photo of the guy quitting his job!  We need some captions for that photo, e.g., "SO LONG, SUCKA'S!!!!!!"
Jan 15, 2013 5:50PM
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"The Great Recession was supposed to have shown the dangers of overspending..." You make it sound like the nation's entire economy was sabotaged on purpose, merely because we were all misbehaving and needed our mommies and daddies to teach us a lesson.
Jan 15, 2013 5:49PM
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paycheck to pay check with no promise for next week----Duh'Oh!

 

I owe publishers clearing house more than I can pay today or tomorrow, do not need a mortgage and cards to be sinking!

Jan 15, 2013 5:47PM
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I was unemployed four years ago, which has made me cautious about spending.  I am spending only on needs and some home renovation.  My credit card balance is up because of expensive dental work, which I will pay very shortly.  I don't use my debit card now - strictly cash - it makes spending more real.  If I think of buying something, I usually put it back.
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