The Adventures of Forever Poor Guy



No one is perfect…we all make mistakes from time to time.  But Forever Poor Guy just never seems to do anything right. Time and time again he makes poor financial decisions and because of that he is always broke.

Forever Poor Guy is a new feature here at Wealthy Turtle.  He’ll be making more appearances as we explore various money mistakes that people make that keep them from reaching their financial goals.

Forever Poor Guy

Man with empty wallet

 There’s a reason why department stores are willing to give you a discount if you open up a store credit card…they know you’re likely to carry a balance and they’ll get to charge you hefty finance charges on that balance.

As you walk to the door laughing about your 10 percent savings, they’re reaching into your back pocket and fleecing you out of way more than that.

If you’re going to sign up for the store card to get your savings, you’d better be credit card savvy and pay off the balance in full every month.

 

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Mike is a freelance writer and blogger who specializes in finance and parenting topics. He is a dedicated husband and father of three who is obsessed with creating multiple streams of income and building wealth so he can achieve true financial freedom for his family. Like what you're reading? Subscribe to our free RSS feed and follow us on Twitter.
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Comments

  1. ha!!! i love it!!

  2. I never sign up for those things, even if I’m 100% positive that I would pay it back in full and never use the card again. It just isn’t worth the hassle.

  3. Don’t forget layaway another terrible things retailers implement. I avoid store credit cards like the plague.

  4. I love this series! I loathe store credit cards!

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