Quote:
Originally Posted by look 171
Everytime I walked into a dealer the question is always, " What can you afford monthly in payments". I normally reply, lets talk about the car and its cost instead of monthly payments. Its sad how many Americans all into that trap. Where did they failed in simple money management? I have never had monthly car payments. I pay cash for my first car with a 1500.00 loan from my father. After that, it was all on me to save and live within my means. Payments sucks at 200 bucks monthly but 1000? Crazy.
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Since they know longer teach finance in high schools.
In high school (2011) I was taught to balance a check book. File a 1040 and the AZ version. Budget for living expenses and best of all. Career choices in regards to what income meant as adjusted, gross and basic retirement.
Now high schools do the dave ramsey finance classes and turn the future generations into blind consumers.