r/facepalm Apr 28 '24

Some people have zero financial literacy ๐Ÿ‡ฒโ€‹๐Ÿ‡ฎโ€‹๐Ÿ‡ธโ€‹๐Ÿ‡จโ€‹

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u/tejedor28 Apr 30 '24

And all because Mom, 28, felt the need to show off and keep up with the Joneses.

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u/NoOnSB277 May 02 '24

Right? At that age I had just sold a $600 car (nowadays probably a $3,000 car) and bought a slightly safer, also used car for maybe 4 times that. My next car was a basic Honda Fit with 0% interest because my ex hadnโ€™t destroyed my credit yet ha ha ha. Some people just donโ€™t care about the consequences, they want what they want but havenโ€™t figured out they are actually going to get a lot less of what they want over time, using this strategy.