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Old 07-10-2010, 22:29   #23
danielf
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Re: The 'hidden hunger' in British families

Quote:
Originally Posted by martyh View Post
savings have a finite quantity they don't last forever,how long is a reasonable time ? 3 months ,6 months ? Maybe the car had finance on it so had to be sold at minimum price to clear the finance same for the house
If you read the article the family had exhausted their savings ,maxed out their credit cards tried to sell the car and the house
Yes. I am aware of that. What I am saying is that the article suggests they could have planned better, and were probably spending a bit more of their income than would have been wise and (for instance) not not relying on finance but saving up for things a bit more.
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