We Are All Three Pay Cheques From Living On The Street

in Debt Reduction, Debts, Unemployment

Those were the happy thoughts told to me one day at Church. The minister giving the sermon, worked with homeless people and such, so his view might be a little stunted, but that was the point of his statement, “We are all three pay cheques away from living on the street“.

Is this really the case? Well that all depends on the debt burden that you carry.  If you suddenly had no means of income, but you didn’t have any debt to pay off, you’d simply need money to pay your day-to-day expenses that may be manageable or controllable. If you are carrying a large credit card debt load, and have minimum payments to make, then your issues are far more complicated and you must find ways to pay spiraling debt as well.

Are We Really ?

Am I three pay cheques from living on the streets? I don’t think so, I have a fair amount in RRSPs and such, and I also have some savings, but I also have a debt load that does worry me, and given the renewed vigour I have been given from reading good books like: Smoke and Mirrors , I think that is my goal is to kill my debt load while I can.

 

{ 4 comments }

  • Gene July 29, 2008, 11:18 AM

    Not to diminish what your minister was saying, but I think he’s probably wrong. Seems like a lot of homeless people suffer from mental illness and/or addictions. I think this makes the situation even more tragic.

    I also think most people have some safety net to keep them off the street. If my family were in dire straits, we could move in with a whole host of relatives.

    Reply
  • bigcajunman July 29, 2008, 12:01 PM

    Agreed, maybe that was also his message, that families mus stick together as well.

    Reply
  • bigcajunman July 29, 2008, 9:15 AM

    His point was more to pity those living on the streets because they are not that different from you and I, however, he did comment about the rampant consumerism in today’s culture.

    Reply
  • michael James July 29, 2008, 8:10 AM

    I can’t imagine what it’s like to spend stupidly and live in constant fear of getting dumped onto the street. I hope the minister wasn’t fatalistic about it and suggested changing spending habits.

    Reply

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