Tuesday, April 1, 2008

Living beyond your means

I feel bad for anyone who loses a job. But I just read a story about a couple who lost their jobs after working for subprime lenders. They talk about having to cut back now that they have huge debts and no income.

Check out this passage:

They've made cutbacks: trading in Kent's Corvette for a Suburban and getting rid of the gardener.

So, you have no income and you're cutting back to a Suburban? Why would they drive around a monster vehicle that devours expensive gas?

Here's one thought:

Because people refuse to live within their financial means. Even former financial professionals who should know when things don't add up.