Talked to a girl in town tonight. She's struggling financially - single mom, recently lost her job. She shared that they've been getting food from the local food pantry because money is tight. Nothing wrong with that I thought. She continued that she gets $1000 a month and her rent is $400 and her car is $350. My immediate response was for her to get rid of the car and buy a junker. She shared her reasons why she couldn't get a car and at the end of the conversation, she didn't have a leg to stand on. She NEEDS to get rid of the payment that's killing her. HELLO!!!!
Why is is that so many people can't figure out simple math. Don't buy a big fancy car if you can't afford it. Which then makes me think, don't buy a big fancy house if you can't afford it, even if the bank wants to loan you the money.