May's "I can't afford it award" winner!

Found another winner.
So I want to clarify how I go about finding these adds that Become winners. There are so many (unfortunately) of people that find themselves tied up in a car loan they can barely afford if at all. Most of them are just plain uhm what's the word........ (*****) and have not an ounce of common sense. To nominate them and say they should of known better is like telling that to a tree that fell across a road. You can't teach everyone. Not everyone wants to learn. There are however some people that are smart yet do not look towards the future and calculate what would happen if I did this or what are the chances of this happening
For example: I contemplate buying a car after I get married and then ask myself,

(A=answer)

 What is the chance of my wife getting pregnant? A.There is a chance.
 If she gets pregnant will she stop working? A. Yes.
 Will she get paid? A.No.
How much are the medical bills going to be?A. Alot.
Can we afford this payment and living expenses while she's on leave?A. No.
 If I get a second job? A.Yes barely.
Is it then worth it to buy this car?.......

I'm currently in this situation right now. I am in the process of buying a bigger better more expensive house and I too have been drilling deep with scenarios to make sure I make an economical wise decision where the chances of losing our next house to foreclosure is slim. Your not preparing for the end of the world you are simply helping out your future self. He or she deserves a better life than your living right now. With that being said I chose this person to be my Month of May I can't afford it award winner.

"Would love to pay off my lease" ???

You are not even owning your car!?

This is a flashback for me. When I bought my brand new Hyundai back in 2007 I was barely married was not planning on having kids for at least another year and even had a plan on paying off that car within a year. What happened? Well let's just say antibiotics do not mix with birth control.

I think this individual is smarter than this. If she wasn't she wouldn't be trying to get her situation better before it gets worse.

I am now 3 months into no car payments and let me tell you this. It's an amazing feeling being free and a weird feeling having few bills each month. I can now pay all of my bills with the exception of the mortgage with 1 paycheck. I have went from 15 bills a month to 7. And I have a small emergency fund!

Thats it for now.

That's odd

Sometimes I wonder who actually reads my blog. I know that most of my readers are just accidental browsers who just found my page by searching google.
Two weeks ago I wrote about financial segregation in the church. Last week on Thursday I see this come across my news feed

That's odd because quite frankly I have NEVER even heard the term Income Segregation! Seriously are there news agencies using my material for inspired stories???

Doubt it.

But......

This is the second time this has happened.

I wrote about tithing a few months back and a week later a news story came across my news feed on the origination of tithing.

Interesting

 just interesting....

Another financial thought.

I wanted to write down a financial thought I had tonight. I'm in stage 1 and 2 of the moving process. I would like to think of stage 1 as thought and planning stage 2 getting a loan officer and realtor involved. Stage 3 Preperation of selling and moving and so forth. While looking at homes I did some calculation of how much we probably will get a loan for and how much interest we will pay. It is sickening. Ponder on this calculation for a sec. If you were to have a 200 thousand dollar loan on a 30 year fixed mortgage at 4.5% (judging by my current situation) your first interest payment to that  mortgage would be a whopping 739.73.
Thats insane! That's incredible how much money we THROW away every month to take out a loan pay a rich banker and support a housing market that increases without any logic sometimes. The builders get rich the bankers get rich all because we want to keep up with the Jensens' and have nice things like they do? And to top it off we buy a car on a loan a boat on a loan take trips on credit cards all to pay more interest? We Can't keep affording this interest! This is why it is so important to Keep your mortgage interest low, Your mortgage princable low and funnel all of your loans into one payment, your MORTGAGE. Focus paying that and only that off. We cannot afford the bankers salaries. We need to support ourselves as well. No car loans. No credit card interest. (You can have credit card loans if you are reducing princable but that's a topic for another day) Focus on 1 Loan and pay it off as quickly as you can so you can stop paying the rich bankers salaries.