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hegemony

Half of Americans are just one paycheck away from financial disaster

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Demonstrating again that too many people view having the biggest and latest item as being more important to them than properly preparing for some manner of fiscal event...

 

And of course, no article that references payday loans can ever be complete without the scare tactic related to annualized rates, with this article taking the annualized rate even higher than what exists on the open markets. 

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I just got paid today, and so far everything is okay.  
 
Is the next paycheck going to be my demise?


I get paid the same Friday and payment ACH shows up on Thursday in my Fidelity cash management account but Friday in Chase checking account.

I heard I can get paid a few days earlier if I use NFCU. Is it true? :-)

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Another crap piece.

 

The article's text shows improvement in savings and ability to weather emergencies over the  last 5 years. But the headline screams annus horribilis. 

 

And then there's the chart where they asked how many paychecks could you miss before you had to dip into savings.  Say what! Isn't one of the purposes of savings accounts to be able to cover just such an event?

 

The question really should be how many paychecks can you miss before you deplete your savings.

 

 

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If only they didn't have to have the latest and greatest marketing ploy...the article SHOULD be captioned something along the lines of "A shocking number of Americans are incapable of curbing their wants."

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59 minutes ago, centex said:

If only they didn't have to have the latest and greatest marketing ploy...the article SHOULD be captioned something along the lines of "A shocking number of Americans are incapable of curbing their wants."

 

 

https://www.youtube.com/watch?v=raTts-iGixU

 

Edited by hegemony

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#WithMyNextPaycheckIWill
Pay my Verizon bill. I need my phone.

 

How much is your Verizon bill? Mine is easier to measure in cents rather than dollars. Let me guess, you have an X and "need" unlimited data, texting, and voice.

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