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AFEH · 04-18-2012, 03:30 PM

I've never said no, I just think finances should be stable. No retirement, less than $1000 in savings and 20K in debt isn't where you want to start.

Given the above I think your H is being irresponsible. A bike’s only going to add to your problems and maybe resentment as well.

Why not have a plan to get your debt down by 50% (or to zero!!!) and then get a bike? Delayed gratification like this is immensely important in a person’s life.

But basically, as you’ve been saying, you simply cannot afford to have a bike plus it will add to your financial burden. And as you’ve probably already considered you’ll carry debt into your 50s and 60s and without any retirement money!

They reckon in the UK it’s not unusual for someone to have personal debt of $70,000 in addition to the mortgage! These things are created by those who live now, pay later as you well know.

It’s even worse there now as the interest only mortgages are coming to an end. People can’t afford the capital repayment mortgage and so are having to sell the home they’d thought they’d be in to the end. And then they find they can’t afford to pay current rental charges out of what little retirement income they have.

I sincerely hope your H sees the light!

04-18-2012, 03:30 PM	#43 (permalink)
AFEH Banned Join Date: May 2010 Posts: 4,778	Re: 43 yr old Man, Motorcycles and Tattoos I've never said no, I just think finances should be stable. No retirement, less than $1000 in savings and 20K in debt isn't where you want to start. Given the above I think your H is being irresponsible. A bike’s only going to add to your problems and maybe resentment as well. Why not have a plan to get your debt down by 50% (or to zero!!!) and then get a bike? Delayed gratification like this is immensely important in a person’s life. But basically, as you’ve been saying, you simply cannot afford to have a bike plus it will add to your financial burden. And as you’ve probably already considered you’ll carry debt into your 50s and 60s and without any retirement money! They reckon in the UK it’s not unusual for someone to have personal debt of $70,000 in addition to the mortgage! These things are created by those who live now, pay later as you well know. It’s even worse there now as the interest only mortgages are coming to an end. People can’t afford the capital repayment mortgage and so are having to sell the home they’d thought they’d be in to the end. And then they find they can’t afford to pay current rental charges out of what little retirement income they have. I sincerely hope your H sees the light!