Quote:
Originally Posted by OMG!WTF!
I just want to shake the young people I know. My niece wants a hot tub and will finance all 12k of it. I asked her if she wants to work until the day she dies to pay for it (and all the other crap they buy on credit). Without a doubt the answer is yes. They will work thier crappy jobs forever to pay for the stuff they want to own now probably because it makes the crappy job seem worthwhile.
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It took me a long time to learn how to manage my money and the biggest lesson I take from all of my mistakes is going on a payment plan of any type.
Outside of a house and vehicle in some instances, there are very few "pleasure items" anyone should buy if they are not able to buy it outright.
I taught myself to wait at least a month from wanting to buying any large purchase. After you do this once, you realize that the item you wanted would be nice but isn't worth the debt, future considerations get much easier to say no to.