A lot of people think it can happen overnight. That's not realistic. You also always should include savings, because even though rates are not great right now, if something does happen, you're going to revert right back to credit cards if you don't have something saved.
More Quotes from Patricia Hasson:
I do think this is going to be a very tough year. Many people have the rising heat costs and that is going to have a huge impact on people's ability to pay down debt and to save.Patricia Hasson
The combination of those factors is really going to affect the fact that people already are not saving and are piling on debt. The situation could get worse.
Patricia Hasson
That's just moving debt around.
Patricia Hasson
People are putting everyday purchases on their credit cards, so they don't have a true picture of what may have led to overspending.
Patricia Hasson
Readers Who Like This Quotation Also Like:
Based on Topics: People QuotesFollow your honest convictions and be strong.
William Makepeace Thackeray
Visual presentation of our heritage in glass is needed.
James Lafferty
America is a place where you can be born into a low-income household but still lift yourself up, and it doesn't matter what color you are.
Alphonso Jackson