PrinceofWands
Lifer
- May 16, 2000
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Originally posted by: MySoS
The funeral post made me think about this. I find it strange how so many people are in debt. My family (parents) is low income, yet we have 0 debt. We are able to buy new cars, and make home improvements up front in cash. So I don't see how if my parents who are poor can afford to do things like paying for a 25,000 car up front, and buy a new $15,000 roof up front with in a years time. Why do middle class families have to take out loans and such. Why are so many middle class families in debt. What are they spending their money on. I think the problem is people spend more then they have. That is why I think the idea of a morgage on a house, or a loan is stupid one. Just paying for everthing up front. That way you won't be in any debt.
I agree 100%. My father never earned 40k a year but supported a family of 6, helped put 4 kids thru college, we always had great stuff, lotsa gifts, ok cars, etc. I've never made 30k a year, but i have zero debt as well and live quite comfortably...hell I have 8 computers at my house right now, all athlonxp or newer, if that's any indication. I did it by not getting into debt and only buying what I needed, not what I wanted (like no name brand clothes, watching for specials, not having any addictions, etc).
oh, and a MAJOR point is not trying to live someone artificially inflated, like a major city or anything.