Yep. Happens every time.
My wife and I don't have many friends because of it. They
CONSTANTLY live way beyond their means. They miss one paycheck and it all comes crashing down on them.
- They go out to eat 2 or 3 times a week - we might go out 2 or 3 times a year, if that.
- They go on expensive vacations 2 or 3 times per year - we go to a rich friend of ours in South Carolina once per year. It costs us nothing.
- They go out and buy new cars for each other every four years - we work on rotation. My wife pays off her car, she waits about a year or two and then she hands it down to me, she gets a new car. Rinse, repeat.
- They have on average 30,000 dollars of credit card debt - we have ZERO. The only thing we have financed is the house we're presently in and her car for 8 more months. That's it.
We can't afford to pay for it outright, we don't buy it.
It's why we're still here and everybody else is renting these days, paying stupid amounts of rent, maxing out their credit cards again, same shit as in 2008 all over again.
My wife and I even decided not to get each other Christmas presents so we could go all in on a new 4K 65 inch TV. Everybody else, fuck it. Just rack up the debt because they can "afford the minimum monthly payments".
We only know one couple (who are friends of mine from 30 years ago) who have no debt - they're the rich ones in Charleston.