Tuesday, October 23, 2007

Prime Example of Living Beyond Your Means

We all do it at sometime or another.

Well, maybe not everyone, but statistics don't lie and they are showing that Americans are loaded up with credit card debt!

This lady, however, seems to top the cake! She claims to be in $135,000 of credit card debt. She spends over $400 a month on Starbucks and $240 in tanning and salon services. All on her husband's $60,000 salary. With 6 kids.

Like millions of Americans, Felice and her husband, Phil, are heading toward financial catastrophe by living a life they cannot afford. Although Phil brings home $5,000 or $6,000 a month, their expenses are almost three times that amount per month. Felice says she starts each day at a popular coffee chain, which adds up to $300–$400 a month. Because her own six credit cards are maxed out, Felice secretly uses her husband's credit card to get cash advances.Felice spends nearly $60 a week on tanning and manicures. "I take care of the bills, so my husband doesn't realize how much money I've spent on hair and nails and extensions. I know I've probably spent $3–4,000 just on the cost of the extensions in the last two years."

Keeping Up With The Jonses (Oprah)

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