10 things that make you poorer

Some purchases keep costing you over a lifetime of use; others may have been a bad idea to begin with. Here's what to know to minimize unplanned spending.

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VIDEO ON MSN MONEY

534Comments
Jul 27, 2012 9:10AM
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10 reasons why I have less money than yesterday;

 

1. Federal taxes have increased

 2. State taxes have increased

 3.Local taxes have increased

 4.Auto insurance premiums have increased

 5.Health insurance premiums have increased

 6. Electricity rates have increased

 7.Telephone rates have increased

 8.The cost of all necessities has increased

 9.My customers are all in the same boat,so they are spending less

 10. I am spending yesterdays money today to survive till tomorrow.

 

Our current government doesn't seem to have a clue what to do to help, other than spend more money,with the promise of hope and change..which hasn't worked.

Someone needs to cut up their credit cards.

 

 

 

Jul 26, 2012 7:20PM
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The author left out politicians.

Politicians will make you poorer.

Aug 8, 2012 8:58AM
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Home ownership will make you poorer??  What the hell you  think  renting does?? People suppose to live under a rock??  One on the main reasons people are poor is ;  We buy things we don't need, to impress people we don't like, with money we don't have. People break under peer pressure!! 
If johnny has it I must have it so I will fit in. Maybe johnny can afford it and you can't.  Back away from the gadgets and the over eating and watch the debt go away and the wallet get fatter. Nothing wrong with owning things at all but when the things own you that'll make you poor.  I cringe when I see the line wrapped around the mall waiting to buy the new" I Phone" .  
People are things and gadget  slaves and who is getting rich???  Then  these same people bitch because these "big" companies are so greedy. Shut up!! You are the one that made them rich!
Jul 28, 2012 2:30AM
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Number 11 - picking the wrong spose.  Nothing destroys wealth like a divorce.
Jul 28, 2012 5:18PM
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YOU ARE SUPPOSED TO BE MONITORING THESE POSTS, IF YOU ARE THEN REMOVE THESE ADS FOR DATING SERVICES!!!!  WHY DO WE EVEN HAVE TO ASK????
Jul 27, 2012 2:01PM
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One of the things I've always appreciated about the MSN Money section is that it didn't have those idiotic slide shows - you could actually just read an entire article without clicking a million times.

I guess those days are over. This article not only makes you click for each slide, you have to click to expand the text on each slide.

I gave up after two slides.

Jul 26, 2012 7:09PM
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So basically, according to this article, if I buy things, I will be poorer than if I didn't buy them? Hold on a second. Let me get this straight. So spending money will cause me to have less money than before I spent it? My world has been turned upside down. 

Also, life can be lonely, so make friends with a spambot...and then kill them. 
Aug 9, 2012 9:03PM
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And don't forget are government

and oh yes, don't forget are government

and oh yes, please don't forget are government

 

They are the masters of costing us money, over and over and over again

Jul 26, 2012 9:51PM
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Once again, MSN Money states the obvious.  Most of these things, depending upon where you live, you can live without, with the following exceptions:

 

1.  A car.  Believe it or not, much of the country does not have public transportation.  In these areas, a car is essential for going to work, or going anywhere else out of walking distance.

 

2.  Credit cards.  Credit cards are not necessarily bad things.  The trick is to not carry a balance, and to pay your balance in full every month.  Some purchase can't be made with anything but a credit card.  If you have bad credit, at least get a debit card, but be sure to account for purchases in you check book.

 

3.  Television.  Again, believe it or not, much of the country has few cultural events, no theatre, no opera, no orchestra, no sports events beyond the high school level etc.  In a lot of the country, TV is the only available entertainment that doesn't require driving hundreds, if not thousands, of miles.

 

4.  A house.  If you are paying rent, you are just making money for someone else.  Even if you buy a fixer-upper, owning is nearly always better than renting in most cases.  Just don't buy something you can't afford.

Jul 26, 2012 7:33PM
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Buying food will make you poorer... Seriously? What is the point of this article??
Aug 9, 2012 12:20PM
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Technology will always find a way into our pockets; I bought an i7 hp laptop just last year for four digits plus and it's already outdated and dinosaured! Now they're e-mailing me with huge discount offers for a new laptop! Let's see: 4digits x 1 every year for the next. . . .

 

 

 

 

 

 

'Spammers are just closet perverts. . . .'

Jul 27, 2012 2:10PM
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Don't forget that as taxpayers and legal citizens we pick up the tab for the uninsured and illegal immigrants who don't pay for health care or educating their children.

I hope our country gets national health care someday.  Medical costs are also way too expensive and will take most people into poverty.  Making us poorer real quick!

And thanks to the employers who love to hire illegals we get to pay for all their costs so you can get that cheap labor!  Wonderful job of letting others pay for your business profits!

Aug 9, 2012 8:12PM
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please add to the list a divorce, that make me poor!!!

Aug 17, 2012 2:42PM
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Home ownership is a good idea - not a bad one.  If you can afford it, buy!
Aug 9, 2012 11:54AM
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Liz.. You forget the #1 thing that makes us poorer.....KIDS.....only I didn"t buy mine !  

Aug 17, 2012 4:28PM
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Rent-to-own.....The article mentioned that people who use rent-to-own stores don't enough money to buy the item at the regular store. If they were smart they would save that rent money and buy the item at the store later. But our culture can't wait for anything so they would rather rent and pay 4 times the price.
Jul 27, 2012 9:36AM
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While I appreciated the article, I do not appreciate the spam.  I understand there needs to be some ease of use.  However, how is it that these spam folks aren't being blocked?  It is quite annoying to want to read other's comments (for insights, opinions) and have to wade through a bunch of spam.

Why doesn't MSN either block the person's ip address or block their username.  This isn't rocket science folks.  Please fix your moderation system!



Jul 27, 2012 10:47AM
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But we're told the economy depends on us buying things.  The Consumer is always blamed for not buying enough and causing an economic slump.  We're berated for lack of "consumer confidence".  If people would just go back to buying all the products they see the country would get "back on track".  Won't we be "unAmerican" if we don't spend mindlessly, throw away what we buy and buy some more?  Don't we need bigger houses to contain all the stuff we bought?  Isn't it our duty to keep all the world's economies afloat by spending?  Who cares if we actually need any of this junk.
Jul 27, 2012 6:25PM
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It is odd...I wrote a comment related to the subject and they refused to print it....I guess they prefer the phony spam and enjoy giving the sex and dating people free advertising....
Aug 8, 2012 3:34PM
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how about our own government. they charge us when we earn it. they charge us when we spend it. they claim it when we don't have it.
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