I agree people do not know how to save now days and part of that is because our goverment promises SS & health care when we get older. The only thing me and my wife owe money on right now is our home. Both cars are paid for and we have an account which we put money so when one breaks down or we need to buy another we have the cash on hand. Thats not saying that I might not take out a small loan for a car but it will only be financed for a few years at best with a small payment. I've never owned a new car but could afford one very easy. We purchased a home when the market as going off and we had to look long and hard to find a home I thought we could turn a proffit when the market corrected. We got lucky and found a Dr. (thought he new everything which was good for me) who was selling his home for about 3/4 of its value and after 4 years we have about $100,000 equity in these times. I just see so many people spending way more than we do and they make about 1/2 as much and just wonder how they make ends meet. They have to be living from one paycheck to the next and gof forbid is one looses their job. I could walk from my job today and go about 1 to 2 years without a pay check. it would be tough but we could make it until a new job turned up. Sorry for my rant.
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