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.
VIDEO ON MSN MONEY
Government taxation and EPA regulation is putting all of us in the poorhouse.
Those of us that work anyway.
Just as Medical Cost needs to be regulated, Pharmaceutical Costs, and Insurance Cost needs to have profit based ceilings applied to the services; along with Cell Phones and Energy. These are the items long overdue for Government intervention. We have the largest most inflated Government to date trying to control every aspect of Americans lifestyle but looking the other way as big business destroys our lifestyle in lieu of huge profit margins. But let’s not forget the biggest waste to date and that is Ethanol; we pay farmers to stop growing their cash crops in order to get them to grow corn so we can make Ethanol to add to our gas, reducing our fuel efficiency on average of 13% creating inflation not only at the pump but at the grocery store. The inflation at the grocery checkout is around 12% every 2 months and it has been every since Geo Bush was first elected President, so remember Ethanol every time you buy groceries. Just a few years ago (pre Ethanol) a Prime Cut Ribeye Steak was $3.99 a pound now that Ethanol has been in our tank that Standard to Select Cut Ribeye Steak is now $18.99, with that in mind I give Ethanol the award for the biggest waist in American’s Budget.
Paying rent monthly is a total waste! It gives nothing to look forward to, it's just a monthly payment that will lead eventually to what? Nothing. Rent is a neverending drain. We will never have a house of our own to look forward to as a result of all of our payments (and rent payments are usually much higher than a buyer's payment). A homeowner builds equity, and they have the opportunity to pay off early in most cases if they apply extra money to the principle on the loan. If a renter moves, every single penny they have put in monthly is just gone - it doesn't matter if the value of the house has gone up or not. One can't 'refinance' for a lower payment - if anything, the rent will be raised.
Once a homeowner has paid off a house, it is theirs. Not just the home, but the land, which is a valuable commodity! There is no article or person that could convince me that renting a hoome is better than buying. When they say that, they are only living for the moment, and not looking at the big picture.
i rather buy a home than pay rent for something ill never own and where i live renting is as much or more than a house payment. maybe the writer of this article is just trying to make people feel good about not having anything, like that person is saving money
The cost for EVERYTHING keeps going up while the over-all quality to enjoy life keeps going down.
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