To rob Peter to pay Paul means to take money from one source to give it to another. Usually, robbing Peter to pay Paul means taking the money to pay off one debt to pay off another debt. Basically, It is a situation where there is not enough money to go around and one must choose which debt is more urgently in need of payment. Yep, that pretty much sums up the way most Americans are managing their finances these days!
I'm not sure how it happened, but somehow people see debt as a good replacement for cash; in this case, the abnormal has become the norm. They'll open a new credit card account with a better interest rate to pay off another, and before you know it both cards are maxed out because they couldn't resist using plastic when they wanted to spend what they didn't have - they Rob Peter to pay Paul.
Most people refrain from adding anything to a savings account for "a rainy day" as long as they have a little room on a...
If it all belongs to Him, why are we living as if it belongs to us? Are you being a good Asset Manager? How we perceive MONEY impacts every area of life! It's time to BREAK THE CHAINS...for the love of God!