I was watching a squirrel this morning, and Suzie Orman at the same time. Couldn't help but break out the fig newtons (Paul Newman's organics to be exact) and toss the wintry furball two. To my suprise, the little feller didn't sit down and munch on it - thought he would be hungry after two days of snowfall. He hopped, and scrambled around and then he buried it! Sure enough he took the second one and did the same thing!!!
Then I'm watching Suzie Orman, a girl wanted to pay for her honeymoon (why isn't her husband, but that's another article) - her stats were: 25 years old, 20k in credit card debt, 28k in student loans, 2600 monthly income, and 800 rent. Suzie quickly calculated that this girl has to fork over $1800 per month and that's not counting living expenses - food, gas...etc. The advice Suzie gave was NO.
Then it occurred to me. Some animals are smarter than people. The squirrel could have satisfied himself immediately, but no...he buried it for a 'rainy' day. Animals are better investors than us, because they understand the truth about their lives: if I don't save, I die. Simple. People spend what they don't have (I didn't say INVEST in what they don't have - smart using credit to your advantage).
I bet the girl, if she was a squirrel, she would have eaten all the fig newtons.
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Credit card tip: found out closing credit cards can hurt your accounts by a 10%. BUT closing your credit card with a greater credit to debt ratio and how long it's been opened hurts you more - 35%. So the rule of thumb, if you close credit cards pick the one you opened most recently with the lowest credit. Keep longer cards with the biggest credit given.