Quote:
Originally Posted by TCLGirls
I doubt that there are vast amounts of people who make a conscious attempt to continually live outside their means. I think the majority of those who do live outside their means simply have difficulty accurately gauging their true financial means, and the related consequences.
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I guess it depends on how you gauge it. There are plenty of people who are up to their eyes in debt because they have homes, cars etc that they can't normally afford so they get them on credit.
Most people have some debt, these days you really can't buy a house or a car without it unless you make a ton of money, but I know people that will run up $10K to take a vacation then they will spend the rest of the year broke because they are paying that vacation off.
Credit is so easy to get these days that it is no wonder everything costs so much. Rarely to you even see big ticket items marketed at their actual price, but instead they are marketed at the monthly payment price.