dealfinder500

Dollar Goes Down Along with Bailout Plan

It's hard to say, but if I had to give a percentage, I'd say probably 10-15% of the people I work with just had a rough time and it really wasn't their fault. But the majority it's because they've made so many bad decisions. These people just don't realize that a student loan is something you don't put off. It'd be so much better to go without cable, or the fancy cell phone with all the bells and whistles, then to have those and have 25% of your wages garnished, your taxes taken, and possibly (if it's a large debt) have your property subrogated.

When I questioned one person about their mortgage payment (more than 1/2 their income), they told me that they deserved such a nice house, after all they've been through. Another person had 3 car payments ranging from 500-800, and they deserved them because they worked hard at their job. Ironically, that person made monthly bonuses the year before and the first couple months of this year, and just one of those bonuses was enough to pay off the entire debt. But, surprise, surprise!! They spent it on vacations and such. Didn't save a penny of it. Now they are out of work. Guess they must not have worked that hard, huh? :-)

So yeah, most people put themselves in that type of situation because of their own poor choices.