YOU make
"FOOLish" decisions FINANCIALLY!
"The way of a fool seems right to him,
but a wise man listens to advice
(Proverbs 12:15)."
FINANCIAL FOOLISH DECISION #20
NOT READING THIS COMPLETE LIST!
FINANCIAL FOOLISH DECISION #19
PURCHASING A HOME AND BUYING ALL NEW FURNITURE....AT ONCE!
EXHIBIT A:
Why?
Buying a new home will automatically drop your credit score. Anytime you make a huge purchase (borrowing money from the bank), your debt to income ratio will increase dramatically. This credit drop is normal for anyone who borrows a large sum from the bank. Eventually, as you pay down on your mortgage, your credit score will bounce back.
debt to income ratio definition:
A home purchase is extraordinarily stressful, especially for a first time buyer. Many people do not understand the extreme responsibility that is involved in caring for a home. A renter can call the land lord to immediately fix a problem. However, when you are buying your home, you pay out of pocket.
Sure there is home owners insurance, but as we all know, insurance only covers a specific amount.
Many people lose their homes because they have not adjusted to the extra cost associated with living in a house.
EXHIBIT B:

WATER BILL
ELECTRICITY
SEWAGE
GAS BILL
LIGHT BILL
GRASS/OUTSIDE MAINTENANCE
UPKEEP INSIDE OF HOME
CABLE/TELEVISION
COMPUTER INTERNET
HOME OWNERS INSURANCE
FOOD
EXTRA CURRICULAR ACTIVITIES
CLOTHES
TAXES OUT OF YOUR PAYCHECK
CHILDREN (IF YOU HAVE THEM
H.O.A (IF YOU HAVE ONE)
PETS (YOU PROBABLY HAVE ONE)
CAR/TRANSPORTATION
GAS
STATE TAX
FIX YOUR CAR WHEN IT IS BROKE
HEALTH INSURANCE (IF YOU ARE SMART)
LIFE INSURANCE (IF YOU ARE SMART)
MISCELLANEOUS CRAP!!!
AND NOW YOUR MONTHLY BILL OF.....FURNITURE BOUGHT TOO SOON?????
EXHIBIT C:
Lets not forget to clean!!!!
I HOPE YOU SAVED MONEY FOR A CREDIT COUNSELOR, THERAPIST, AND LAWYER!
YOU ARE GOING TO NEED ALL THREE AND MORE!!!!
Find a Lawyer IMMEDIATELY!
YOUR WISE CHOICE!
EXHIBIT D:
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Lovely!!!!! |
EXHIBIT E:
 |
Garbage Chair...lovely but inexpensive! |
 |
Biggest Energy Users |
FINANCIAL FOOLISH DECISION #18
NEVER READING YOUR CREDIT CARD STATEMENTS!
EXHIBIT A:
Why??
EXHIBIT B :
EXHIBIT C:
YOUR WISE CHOICE!
EXHIBIT D:
EXHIBIT E:
FINANCIAL FOOLISH DECISION #17
LIVING OFF OF STUDENT LOANS!
EXHIBIT A:
Why?????
Eventually, you have to pay back the money you borrow. Student loans can only be deferred for a certain length of time before you are forced to pay them back. Many people continue to go to school in order to defer paying back these loans. This is not smart!! You will still owe them money....just more.
The more you borrow, the more you pay!
Student loans are EXTREMELY hard to get out of paying, this includes after filing for bankruptcy.
Do not believe that if you file for bankruptcy, you will automatically be free of all of this debt.
YOUR WISE CHOICE!
"The wicked borrows but does not pay back, but the righteous is generous and gives ( Psalm 37:21)."
EXHIBIT C:
"When you vow a vow to God, do not delay paying it, for he has no pleasure in fools. Pay what you vow
FINANCIAL FOOLISH DECISION #16
"RENT TO OWN"
EXHIBIT A:
Why?
Renting furniture:
YOUR WISE CHOICE?
EXHIBIT B:
 |
This really isn't that bad..... |
College students may benefit from renting furniture!
New York Times, Home Rent Calculator
Renting A Home Costs 15 Percent More Than Buying One! Huff Post
FINANCIAL FOOLISH DECISION #15
"NEVER PAYING YOUR BILLS!"
EXHIBIT A:
EXHIBIT B:
Your credit score is your life!
Negative impacts of having Bad Credit:
EXHIBIT D:
NOT BEING ABLE TO OWN A HOME!
DENIAL OF LOANS OR PURCHASES!
CONSTANT COLLECTION CALLS!
COURT FEES....AND MUCH MORE!
EXHIBIT E:
YOUR WISE CHOICE?
EXHIBIT G:
FINANCIAL FOOLISH DECISION #14
"I GOT A SWEET CAR!"
EXHIBIT A:
 |
Nice to look at!!!!! |
Why?
definition of depreciate
1. To lessen the price or value of.
YOUR WISE CHOICE?
EXHIBIT B:
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Beautiful because it is probably cheaper....You think??? |
 |
No shame in this is there? It still runs!! |
Nice cars are very NICE! But, if you are going to invest your money, purchase something that increases in value over time, not decreases.
Remember as your transportation gets you from point A to point B, that all that matters!
How much is your car worth?
Official Kelley Blue Book
FINANCIAL FOOLISH DECISION #13
"HOW MUCH ARE YOU SPENDING ON YOUR WEDDING AGAIN?"
EXHIBIT A:
YOUR WISE CHOICE?
EXHIBIT B:
 |
Okay...not the greatest place...but maybe they have a wonderful marriage? |
- Your wedding is one day, your marriage should be a lifetime. Spend the money where it counts....
Getting married? How to talk about money!
The average wedding costs exceeds median income in the U.S.
FINANCIAL FOOLISH DECISION #12
CONSTANTLY LENDING MONEY!
EXHIBIT A:
No one will pay you back.....sorry......
Why?
Guess what?
THE PEOPLE WHO BORROWED MONEY FROM YOU,
WILL NEVER LOAN IT BACK TO YOU!
EXHIBIT B:
YOUR WISE CHOICE?
EXHIBIT C:
 |
NOTE TO CHRISTIANS:
If you reverse the words you always preach, "NO HELL," you can actually use it for your own good for a chance....instead of condemning others.....
|
"And if you lend to those from whom you expect to receive, what credit is that to you? Even sinners lend to sinners, to get back the same amount. But love your enemies, and do good, and lend, expecting nothing in return, and your reward will be great, and you will be sons of the Most High, for he is kind to the ungrateful and the evil
BORROWING MAKES ENEMIES!
EXHIBIT D:
FINANCIAL FOOLISH DECISION #11
TAKING OUT A SECOND MORTGAGE FOR A PAINT JOB?
I am speechless...!!!!!!
What are second mortgages?
YOUR WISE CHOICE?
EXHIBIT A:
EXHIBIT B:
EXAMPLES OF EMERGENCIES:
- SICK FAMILY MEMBER
- EXTREME NEED FOR DISABILITY ACCOMMODATIONS
- DEATH
This house....emergency!!!!
EXHIBIT A:
Even her face is an emergency!!!
EXHIBIT B:
NON-EMERGENCIES BELOW:
EXHIBIT C:
ATLANTIS .... GORGEOUS!!!!
EXHIBIT D:
I really really want one of these dresses....I have got to take out a second mortgage!!!!
FINANCIAL FOOLISH DECISION #10
PLANNING TO START A FAMILY, BUT YOU CAN NOT AFFORD YOUR RENT!
EXHIBIT A:
 |
How many is too many????? |
??????????
Why?
YOUR WISE CHOICE?
EXHIBIT B:
EXHIBIT C:
 |
Get a dog !!!! |
YOU SHOULD BE ABLE TO AFFORD FOOD AND WATER FOR YOURSELF FIRST.....
EXHIBIT D:
Did you know?
Child costs until age 18
Childcare costs survey 2012
Average child care costs by zipcode
Baby costs calculator
FINANCIAL FOOLISH DECISION #9
TAKING OUT 300 CREDIT CARDS BUY NOW, PAY LATER!
EXHIBIT A:
"BUY NOW, PAY LATER!"
At least they were honest!!!!!!!!!!!!
YOUR WISE CHOICE?
EXHIBIT B:
It is perfectly fine to have a few credit cards, but too many at one time is another scenario.
All of the credit card payments that you currently do not have to pay, will ALL be due around the same time......AT 100% more interest rate...GUARANTEED!
FINANCIAL FOOLISH DECISION #8
PURCHASING A HOME THAT REQUIRES THE "ENTIRE "INCOME OF TWO PEOPLE
EXHIBIT A:
It takes two right?
YOUR WISE CHOICE?
EXHIBIT C:
EXHIBIT D:
You never know what may happen in life!
FINANCIAL FOOLISH DECISION #7
SPENDING 50,000 ON YOUR ONE YEAR OLD'S BIRTHDAY PARTY!
Why?
Because a one year old really understand the meaning of money.
AND BECAUSE YOU WANT EVERYONE ELSE TO BELIEVE YOU ARE A WONDERFUL PARENT.....THIS HAS NOTHING TO DO WITH YOUR CHILD AND EVERYTHING TO DO WITH YOUR EGO.
YOUR WISE CHOICE?
EXHIBIT B:
Birthday party ideas for parents!
FINANCIAL FOOLISH DECISION #6
CHOOSING FORECLOSURE?
EXHIBIT A:
Will ruin your life!!!!
- It costs a bank more to foreclose then it would to let the current
"owner" (as people have been falsely taught) of the home remain.
Why?
YOUR WISE CHOICE?
EXHIBIT B:
Information about short sales
DIRECT QUOTE FROM MY OTHER ARTICLE:
HOW TO GET FREE MONEY!
FINANCIAL FOOLISH DECISION #5
RUNNING AWAY FROM YOUR CREDITORS
REFER BACK TO FOOLISH # 15 IN ADDITION!
EXHIBIT A:
How debt collectors track you!
Creditors can sue you
How to handle Debt Collectors!
If you are going to "attempt" avoiding your creditors, you may as well do it right.
(You can thank me later ;o).
Right ways to hide from creditors
FINANCIAL FOOLISH DECISION #4
BUYING EVERYTHING NAME BRAND
EXHIBIT A:
EXHIBIT B:
EXHIBIT C:
 |
I love this Gucci purse! I am super happy it is on sale for $1500!!
Check it out! Originally over 2,000!
No haters please :o/
|
YOUR WISE CHOICE?
EXHIBIT D:
 |
My latest handbag creation!! What do you think?? |
Sorry No Refunds though...
EXHIBIT E:
FINANCIAL FOOLISH DECISION #3
SPENDING MORE THEN YOU EARN
EXHIBIT A:
Why?
EXHIBIT B:
EXHIBIT C:
YOUR WISE CHOICE?
EXHIBIT D:
FINANCIAL FOOLISH DECISION #2
CO-SIGNING FOR A FAMILY MEMBER
Why?
EXHIBIT A:
Unless you are intending to pay the entire amount, this is a definite "NO NO!" Family members....you "gotta love em" but many people go into major debt because their irresponsible family member neglects their bills. If you co-sign, you are telling the lender you will make the payments (in it's entirety) when your family neglects to pay. You pay TWICE for what they could not pay for ONCE!
YOUR WISE CHOICE?
EXHIBIT B:
How cosigning affects your credit score:
Additional information on Cosigning: Hub Pages
FINANCIAL FOOLISH DECISION #1
TAKING ADVICE FROM PEOPLE WHO ARE MORE FINANCIALLY IGNORANT THAN YOU!
DO I NEED TO REALLY EXPLAIN THIS????????
WOULD YOU......
- Take marriage advice from a person who has been divorced 20 times?
- Get hair advice from a person who is bald?
- Make-up advice from a clown?
- College advice from a kindergartner?
- Home advice from a person who has foreclosed on their home many times?
- Sex advice from a toddler????
- Cooking advice from me??????
EXHIBIT A:
EXHIBIT B:
COME ON FOLKS, YOU MAY NOT HAVE AGREED WITH THE ALTERNATIVES I PROVIDED YOU WITH
BUT....
GET IT TOGETHER!!!!!
EXHIBIT C:
"It is better to heed a wise man's rebuke than to listen to the song of fools
(Ecclesiastes 7:5)."
WRITTEN BY: TE-SHANDRA HASKETT, MBA
SPECIAL NOTE TO READER:
Did you notice that the choices provided went from one extreme to the other? Many times we purchase things that are above our means for other people. We want to "show" others how well we are doing by our fine possessions. Unfortunately, making fancy purchases specifically for this reason, will only lead you into a path of misery and destruction. If you are embarrassed to be seen buying anything that is not fancy, be sure to ask yourself why.
As embarrassing as it is to purchase a piece of crap....it is still better than filing bankruptcy......
Think twice before you buy!
Somewhere in the middle is probably your wise choice!
" Of what use is money in the hand of a fool, since he has no desire to get wisdom
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