vol_in_ar
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How much do you eat out...
I'd say for my family of four, it's about 800 bucks a month in grocery's
There is no reason a family of four would need to spend $800 per month in groceries. If they have it to spend then that is their business. I have an 18 year old son, 3 year old daughter, my wife and myself and on occasions my sons friends to feed. I spend nowhere even approaching $800 per month. For those families that are, they are getting much more than the basic needs.
There is no reason a family of four would need to spend $800 per month in groceries. If they have it to spend then that is their business. I have an 18 year old son, 3 year old daughter, my wife and myself and on occasions my sons friends to feed. I spend nowhere even approaching $800 per month. For those families that are, they are getting much more than the basic needs.
Credit card companies and department stores do it very lucratively.
i wouldn't have a family of 4 if i only made $580 a week.
There is a lot of families living on $580.00 per week( $30,000 per year) .
They work hard and have a pretty good life. They do not have the best but they manage to survive, provide a roof over their head and put food on the table.
In my little east TN town, there's a lot more people making $30,000 per year than people making $100,000 per year.
i very much doubt you are going to buy a house if your mortage rate is 10-15% like most credit card are. and obama is already going after the credit card companies from doing that. can you imagine if they did that with your house how congress would go ape crap? the horror!
And the interest is much higher.
But the principle is typically much lower. And default, write-off, and fraud is much higher in the card industry. But I've never had Visa ask me to front them $1000 on a $10,000 credit line.
And because of that fraud, poor decision making in issuing credit cards to anyone with a pulse, even children, they have increased the interest payments over the years, so much so that lawmakers felt the need to step in and try to cap it.
The home finance companies in some ways modeled their lending practices after the credit card companies and look what happened!