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re: What motivates people to live above their means?

Posted on 4/25/14 at 12:19 pm to
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
262891 posts
Posted on 4/25/14 at 12:19 pm to
quote:


Isn't that marketing? convincing they need something they can't afford?



People pay their car note and credit card before they pay their mortgage.

One reason some poor folks stay poor is because when they get money (earned income credit, etc) they spend it on luxuries before they'll pay the necessities. I'm dealing with one of my wife's relatives now who has a terrible habit of doing just that.

He's got a nice TV, cell service, laptops but can't stay in an apartment and is always begging for help.
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