chemgirl
Ideal_Rock
- Joined
- Sep 16, 2009
- Messages
- 2,345
This is reminding me of the Canadian show "Princess". Its about girls in the Toronto area who expect the best of everything regardless of whether they can afford it. In one episode the girl told her fiance he had to spend at least 10k on a ring before she'd agree to marry him. So he put it on a credit card and said goodbye to his education goals (because how can he make minimum payments while in school?).
I've been seeing this a lot in real life. Our friends are mostly professionals (mostly engineers with some doctors and lawyers mixed in) so they make good money. They think that since they make good money than can afford ANYTHING they want. Trips, eating out, jewelry, clothing, manicures, all add up. Then there are expenses like the big namebrand engagement ring, the house, and the 35k+ wedding. Including debt repayment from these big purchases, they are spending more than they're making every month and getting in to serious trouble. We were out last night and the topic of debt came up. We still have a few thousand in student loans that we plan to pay in the next 3 months. Then we're debt free. Our friends are actually accumulating more debt on a monthly basis and one couple was up to over 60k on credit cards! Sure she has a nice Tiffany ring and she served crablegs at her wedding, but all of that will mean very little when the bank stops lending to them and they can't pay their bills anymore (at this rate soon!).
I've been seeing this a lot in real life. Our friends are mostly professionals (mostly engineers with some doctors and lawyers mixed in) so they make good money. They think that since they make good money than can afford ANYTHING they want. Trips, eating out, jewelry, clothing, manicures, all add up. Then there are expenses like the big namebrand engagement ring, the house, and the 35k+ wedding. Including debt repayment from these big purchases, they are spending more than they're making every month and getting in to serious trouble. We were out last night and the topic of debt came up. We still have a few thousand in student loans that we plan to pay in the next 3 months. Then we're debt free. Our friends are actually accumulating more debt on a monthly basis and one couple was up to over 60k on credit cards! Sure she has a nice Tiffany ring and she served crablegs at her wedding, but all of that will mean very little when the bank stops lending to them and they can't pay their bills anymore (at this rate soon!).