Howard Dvorkin Quotes on People (3 Quotes)

The reality is consumers are going to be able to pay their bills off faster. But in the short run, it's going to hurt like hell. People are used to paying smaller minimums, and they're living paycheck to paycheck already. They don't have the extra cash.

Obviously, this is theory and easier said than done. Tracking every nickel is a big process and a lot of people don't do it. You can make the best budget, but if you don't track it, what good does it do In my house, every month, we compare the actual to the budget. It's not fun. My wife hates me for it. But you have to track what you're spending.

For many of these people, this could represent the most time they've ever spent in their lives focused on their personal finances.