I recently had a very tough, almost depressing, budgeting session.
A lady met with me to get a hold on her finances, but she seemed more interested in excuses than making and keeping money.
At one point I suggested a used car might be good for her since her housing is currently 100% of her budget, her income is low and she recently declared bankruptcy.
Her reply? "It is used."
Her car is a 2013 model. And she pays about $350 per month.
I explained that used (to me) means about 10 years old and with no loan--especially since she just declared bankruptcy a few months ago.
She countered, "My bankruptcy lawyer told me it would be a good idea to buy the car to improve my credit."
This lady is not only broke, but she is mentally poor. She accepts unproven, false theories from the uninformed.
I explained that she is the only one who can change her financial fate.
Will she?
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