Quote:
Originally Posted by Bugeater
Well IMO, if they can afford it and that's how they want to spend their money, they deserve it. I don't think entitlement comes into the picture most of the time.
And besides, if everyone subscribed to that theory and didn't buy new cars, where would the used cars come from? We'd be like the folks down in Cuba who are all still driving 1958 Packards.
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Well if that's the way you feel then thats 100% your option to spend the money you have or spend the money you have not earned yet.
I just choose to spend the earnings I have made instead of spending the money I will make in the future and thats the way I feel, the only justifiable debt is the 15 yr mortgage of 25% or less of net pay per month.
I don't sign on to anything, even my blackberry I paid full price cash for because I don't do contracts.
The second part will never happen because 70% of America lives from paycheck to paycheck and that won't be ending anytime soon because people have to keep up with the Jonses with the new cars in the driveway.