Waste Of The Week

What’s up Doc?

Let’s talk Lagomorphology.

What, you had to Google that?  Jeez, pick up a book.

After Googling, “What is the study of rabbits called?”, I got distracted by pictures of bunnies.  Then my thoughts wondered to how…weird…it was that I wanted a rabbit’s foot key chain when I was young.  And I obviously wasn’t alone.

It doesn’t matter that they’re synthetic, it’s just …. weird.

But this ain’t a PETA ad folks, so relax, I’m keeping my clothes on.  I’m here to bestow a Wastey upon all you Debt Rabbits out there!

Take a look at this fancy pants graphic I made:

Rabbit Sched

Are You Not Entertained?!

The only force of nature that I can imagine wielding that much power is compound interest.  But I’m not talkin’ ’bout that grow your nest egg kind of compound interest.

I’m talking about its shady cousin that lives down by the docks, the one with the shifty eyes who smells like cat litter.  I’m talking about the interest on your debt.

Debt is a form of bondage, a tether holding you back, with its interest burden being that monthly slap in the face to remind you who’s boss.

But you still insist on letting it hang around, paying minimums year after, never bothering to look at the accumulated financial damage you’re doing to your future.

Wake up!  That debt is multiplying like a rabbit farm at a Barry White concert!  And it ain’t stopping!  Like the rabbits, its growth is exponential, and before you know it you’ll be paying interest on the interest on the interest for money you borrowed to pay for what…some strawberry margaritas and whiskey sours after work one day?

Slap that debt back!  It’s time to spay and neuter your financial obligations.  No more minimums.  Crank those payments up to eleven.  Beans and Rice and Rice and Beans for dinner, folks! 

I know I’m not breaking new ground here, Grizzled Financial Blog Reader, but I just had to give out a Wastey to these Debt Rabbits!  This is a problem that can be solved, if only people would bother to care about it!

You don’t have to live your life in debt, there’s a way out.

Marg - Copy

Frozen.  No salt, please.

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14 thoughts on “Waste Of The Week

  1. Funny about Money

    LOL! That’s a great analogy!

    On the other hand, it could be worth noting that you can make that rabbity compound interest work for you by making the right investments and sticking with them over the long term. Helps a lot to be out of debt, so you can put the amount you’d use to service debt into savings. ;-)
    Funny about Money recently posted…Consumer Alert: HOLY Mackerel!My Profile

    1. No WasteNo Waste Post author

      No doubt! But like I said, we’re talking about that compound interest’s shady cousin that lives down by the docks!

  2. Mr. 1500

    “Debt is a form of bondage, a tether holding you back, with its interest burden being that monthly slap in the face to remind you who’s boss.”

    Very true. Over the past couple of years as my nest egg has grown, I actually feel better. I am just happier.

    PS: I love the little drawings.
    PSS; I want a drink now.
    Mr. 1500 recently posted…SpongeSister SpendyPantsMy Profile

    1. No WasteNo Waste Post author

      Debt is an atrocity, something to be scorned and feared. Yet it has become a ubiquitous part of our consumption culture.

  3. Pingback: Frugal Friday: How Young Is Too Young For A Credit Card? - Frugal Rules

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