Comments about ‘Double job loss disrupts a family’s smooth financial path’

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Published: Monday, June 23 2014 8:16 p.m. MDT

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K
Mchenry, IL

They live in an area that is too expensive.

worf
Mcallen, TX

When driving through large cities, I don't ever go into the fast lane. There are dangers of a flat tire, or other mechanical failures which would put your life in danger.

When employed, I don't go into the fast lane either. I pay off an older car, and learn how to maintain it. I buy a modest house, and pay a year ahead with payments.

All else! If you can't pay it off, then don't buy it, and always be prepared for emergencies.

I'm a coward! I fear the fast lane, and debts.

sisucas
San Bernardino, CA

I'm impressed that these guys have 200k saved for retirement already and also have limited debt. I think they would eel a whole lot less financial pressure though if they unloaded those expensive vehicles. Why drive a gas guzzling tahoe when you only have two kids? Sell that and the Chevy Cruze and buy two 8 year old Honda Accords. You will be freed from those payments and gas prices. When I was maing 45k a few years back I felt loaded, but my care was 10 years old. Now that I make quite a bit more than that it would be hard to downsize, but really the houseand cars are the biggest change.

MrsH
Altamont, UT

Having to watch every penny? Welcome to the world that most of us live in all the time!
(Sisucas, good comments BTW.)

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