Saturday, February 26, 2011

An example of personal finance failure

One would think that after all the recent financial turmoil that families would educate themselves regarding the basics of personal finance and stop spending more than they make. Unfortunately example after example shows this is not true. Here is the latest.

After bankruptcy filing, couple's spending continued
http://articles.latimes.com/2011/feb/20/business/la-fi-money-makeover-furry-20110220

Lisa and Stephen Furry splurged on a getaway at a four-star hotel but haven't paid the mortgage on their North Hollywood home since September. A financial planner helps them with a reality check.