Is That REALLY Affordable?

During the heady years prior to the financial crisis of 2008, many people thought that they could “afford” bigger homes.

Unfortunately, as low-rate mortgage reset, it became painfully obvious that those homes weren’t affordable at all.

But we don’t have to go nearly that big. In college, I assumed I could afford something because it fit neatly on my credit card.

Often, I bought items immediately, telling myself I could afford it because I could just pay it off with my next paycheck.
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