This is such an inspirational story on how this family paid 100% cash fror their first home, and I love her blog too. Check it out here . I would love to do something like this. Imagine buying a home and not having to worry about a mortgage. My grandfather always frowned at racking up debt, and as I get older I see how smart he was.
In America we are encourage to rack up debt, our motto may as well be "I'd gladly pay you tuesday for a hamburger today". This is why we consumers have no voice. Companies know that even if someone is broke they will find a way to charge that Flat Screen. Cash for clunkers was I know you lost your job but why dont you add a car payment. Open up this credit account and we will give you $10 off your purchase.
Do you realize that we haggle over the price of our brand new living room set only to pay for it on credit. We wind up paying more in intrest negating any good deal we may have scored. This is one of the reasons I am writing this blog, I want to educate and thereby empower consumers to take charge of their finances and lead a much more comfortable life.
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