A true but admittedly hard to believe story.
A young couple with two children liked to take the family to DisneyWorld, so much so they went three to four times a year, traveling 1,000 miles to do so.
Like many families they had a family dog loved by everyone. The dog became ill and the family spent $10,000 on medical care for their pet.
But while all this was going on they failed to do one thing; pay their mortgage. Their house was placed in foreclosure, the family was evicted and the house goes on auction this week. The family is struggling to find a place to live. With their financial track record landlords don’t want them as renters.
Ignoring the first two factors, this is the kind of sad story that makes headlines; a struggling family made homeless by a greedy mortgage company. While this case may be extreme, it’s not unusual in concept.
Too many Americans cannot control their spending, cannot set financial priorities or differentiate between necessities and wants and desires…cannot live within their means.