Counting On Money That 'Isn't There Yet' - Page 2

MegNAbbysMom · 02-26-2007, 11:49 AM

I agree with the other posters who said only in case of emergency. Why take the risk unless it is?

6-paq · 02-26-2007, 01:07 PM

Yeah, ITA with the previous posters. I would wait, just to be sure. Plus, if you take out a loan, you'll owe interest for those 6 months.

aliadam · 02-26-2007, 02:22 PM

I agree. I don't believe in spending money I don't have. Not even money I think I'll get. We've been trying to settle both of our sets of parents estates for years now. If I'd rushed out thinking "oh well...we're getting that inheritance" we'de be in a big mess now because we never anticipated it taking this long. So I agree with an emergency, but personally I don't think things like decks etc are emergencies. JMO

littlelizard · 02-26-2007, 04:50 PM

Quote:

Originally Posted by MandaRenee

The dangerous part of spending ahead is what if an emergency comes up in 6 mos so you have to use that money to cover it? Then you have put yourself in a hole.

Yep, I can see how that can happen. I only count on my paychecks. I may mentally plan how I will spend $ that's expected, but I don't think I would actually spend in advance of its arrival, or take a loan dependent on it.

blessedwith3boys · 02-26-2007, 05:50 PM

I would not. If that said money doesn't come in or is delayed it will only cause more debt.