I know that money is important to most of us, and with many people commenting on the state of the economy, I thought I would inquire about what people and governments think about how to handle finances.
Mine is simple, I donít spend more than I have. Other than when I buy a house someday, if I donít have the money, I wonít buy it. This means I will not take out loans, use credit cards, or anything that would require that I have a debt that cost me interest. I also follow what Dave Ramsey Teaches when it comes to money.
I also think that the federal government gives too much money to the poor. If they are truly disabled then that is one thing, but if they are able to work, then they should work. I think that handouts make people lazy. Why work for it when someone will just give it to you.
I also think that states governments should not give funding to areas other then existing incorporated towns and cities. That means no funding for utilities, roads (other than state roads), schools, emergency services, and such. And if they do allow for funding, it will be in proportion to the amount that they get from the residents of that area. State and federal governments spend too much money on the one thing that will destroy cities, only to also have to fund development in cities. It developers front all the costs for roads, public utilities as well as local taxes to fund schools and services, this will just about eliminate sprawl.
What are your thoughts on the handling of money?