Replies to '03/29 Next Generation of Moochers'

This sounds like your the 2nd generation of spoiled!  NO ONE EVER had a used car!  You and your significant other can afford $2K a month house payment?  Let me tell you from 55 yrs of experience from the real world!  Most of the boomers (your parents age) were glad to have a nice USED car to drive until we got a little established in the world.  New cars then were $2K, houses 2 story were around $65K , groceries $35 a week!  Our parents were not enablers like the parents of today.  We had to get it like they did, work hard for it.   

But ok, so you can afford $2K a month for a home.  Have you thought WHAT IF one of you get disabled?  Do you know how that affects your monthly income?  WHAT if you have a child that needs constant care cause of an illness?  What if the cost of living skyrockets?  You do seem to have a saving mind, which is good.  Why not use it to your advantage.  Get a good used car that MIGHT cost you $220 a month, and put that EXTRA $200 that it would cost you for a new car in the bank for UNEXPECTED expenses?  And you should be directed, IF YOU HAVE A GOOD REALTOR (I am a retired realtor) that you might be able to afford $2k a month....but why not something that is $1K a month or less ($1k a month even frightens me) and there for have money back for the UNEXPECTED that comes with home ownership, new roof needed, furnance going out. 

Young people today want it all NOW!  The average Baby Boomer had to work 20 yrs to get IT ALL.  I am 55 yrs old and just now have my home and 2 new cars paid for!  Took me 25 yrs.  I am comfortable, can help my family when they need it , and didn't overextend myself to do it!  Put your expectations lower and you won't face the realization of respossessions.  FOOTNOTE:  Financial strain always puts stain on relationships!  And if you don't heed some of the advise given you, then bless you with what you will be dealing with with your children!