posted on Oct, 21 2014 @ 08:37 PM
I put your question to a doc friend of mine tonight at dinner. His experience was that it was extremely hard not to cave to peer pressure and jump
into more debt as soon as that first check comes in. He said he had to fight family, friends and co-workers who constantly urged him to buy a new
car, a new house, a new this or that....because "Hey, you're a doctor now, you've got to have a doctor's house, car...boat..." His advice is to
treat debt like a rotten potato in your cupboard, get rid of it as quickly as possible.
Make friends with the people who run the consignment and thrift shops. Let them know what you're in the market for and many will notify you if they
get it in. They like cash customers, you get a deal and the money, in most cases, stays in the local economy.
The budgeting question came up because he was telling us about this great office chair he'd just gotten from a local thrift shop. A Lay-Z Boy
Executive model that sold last year for $2k+, looks brand new and he paid $200 to a local charity shop for it.
I suppose all I can add further is to be a thoughtful spender. When given a choice, let your money stay as local as possible.