The next time you set up a transfer to put money into savings... pause. Are you 100 percent sure that you won't need to call this money back into your checking? Then proceed. If not, you might save more in the long run if you save less now.
My experience tells me that lack of knowledge isn't the main reason why we don't end up where we want to be financially. The problem is lack of willingness to do what it takes. This sounds cold and harsh I know. But it is true for both you and me.
To me, the answer to our country's crazed consumerism has nothing to do with financial literacy. (Okay, maybe it has a little to do with financial literacy.) Instead, I see two fundamental problems that need to be addressed.
Attorneys often tout bankruptcy as an easy way to get out of debt, but they downplay some of the serious long-term consequences. Before you decide if bankruptcy is right for you, consider seven realities first.