Sounds like people should be spending less on iPhones and Black Friday and paying their goddamned mortgage instead.
I've said similar comments before and some people here get really upset about it. It's pretty funny @Fogdog
I think perhaps budgeting should be part of the school curriculum?
Exactly 100% truth people need to live within their means
Ummmm, it's up to loan officer to qualify properly. When I bought my house in 2008, financial circumstances changed during..told him I no longer qualified and pushed me into the deal. At closing table, he even sent an erroneous closing statement which my attorney refused to sign..I left, they followed me out to my car threatening me when I wouldn't sign it.
Budgeting was taught at my school in home economics class, so some places definitely teach about it. But if it sticks with someone is a different story
Predatory loans. Hopefully you had enough sense not to take on something you can't afford to pay back
They didn't give me the option and forced me. Told me they were going to sue me etc.
Sue you for what?
Most people think the prices will continue to rise, its called the Greater Fool theory, you buy an overpriced item and hope to sell it at a profit to a greater fool.
Thats why you have to save for emergencies.
@Padawanbater2 pointed out that 40% of Americans cannot get their hands on $500, in an emergency.
Ummmmm, there this little reason of pay-to-pay because wages are stagnant and the cost of everything is increasing, with no end in sight = increasing cost of goods because no one is buying. A vicious circle. They need us to buy more, but what with? I don't think of vacation anymore, I think of getting the lump sum of cash required for surgery..my portion, upfront. No exceptions.
My granny raised two kids and a drunk husband on mill job pay, bought her own house and had S10,000 in the bank when she died. She went thru the Depression and never forgot. She was tighter than Dick's hatband.
