livingdebtfree

It has been reported on Larry King Live, that Suze Orman has said to not spend the Economic Stimulus Check but to save the money. I do agree with what she is saying to a certain extent, as I believe that saving the money does go a long way.  She said that the government is hoping that we will spend the money on things that we do not need in order to basically stimulate the economy so to speak into order to avoid a recession.

I do not agree with her suggesting bankruptcy as a main way to get rid of debt.  I believe that all practicals should be used first and bankruptcy should be the last option to choose.  I do agree with her advice to make more money to help pay off the debt and to basically have more income than expenses.

I do believe that if you have debts to pay then to use some of the money of the money to paid off the debt and put the rest in your savings.  I know that when I do get my check I will use half to pay off my debt and the other half will go into my savings account.  I know that I plan on going vacation in the coming year, and I am currently saving money in order for me to do that.

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