Quote:
Originally posted by Shelacious:
The first step: realizing the fact that you are doing it in the first place and that it's WRONG to have a $1000 a month car payment but you don't yet own your own home.
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Preach sister, preach!! My boyfriend is a credit manager where he serves mostly "us". He tells me about these grown people who live with their parents and have massive debt yet want loans to get cars that are far beyond what they can handle financially, i.e. Navigators, Mercedes, etc. And as I said earlier, get something that appreciates in value. A car depreciates as soon as you drive it off the lot. Those high payments could be going towards something of substance. But once you have lots of "real" investments and have made sure that you can support your family's and your future, that's when you can go and get the things your heart desires.