Why is it that the #1 re-occurring theme in the personal finance community is addressing how to eradicate debt due to overspending? What is it that makes a rational person spend more than their income allows?
If you have $5 bucks in your hand for a Subway sandwich, how do you go to Morton’s Steakhouse and borrow $35 to buy a $40 rib-eye? If you make $50,000 a year, why would you buy a $50,000 BMW with a $45,000 loan? After overhearing what a father told his daughter at the Porsche dealer this weekend (it was on the way home), I have a feeling spending irrationally starts when we are kids.