Hi All,
This is another video on personal finance mistakes. I like this one because it features a hapless guy in the midwest named Gary. Gary is awesome not for his financial management skills – which are exceedingly poor, but for what Gary can tell us about how NOT to do finances.
In this video, Gary explains his frustration with the over $500 in bank charges from his payday loan borrowing.
After watching the video you may have a different opinion, but I think this clip shows what happens if you borrow heavily from payday lenders.
Best,
James
DINKS (Dual Income No Kids) Finance is a blog discussing personal finance for couples. While by no means financial experts, we own a variety of assets including real estate and stocks. We've both been up to our eyeballs in debt and have made tons of financial mistakes. However, we've both successfully retired that debt and we both do learn from our failings. We hope that our voice in this blog can help others in achieving their goals!
