That is financial suicide, her cost of living is vastly exceeding her ability to save. Its nice to have "things" but if your running on the ragged edge sooner or later you will get bit. All it takes is her company to be purchased by a larger corporation and viola...cost cutting, virtical integration and she is out of a job.
Quite frankly I a suprised to here she could qualify for a home, even FHA standards have changed where the reserve requirment is much greater then what you say she has in savings...
A long time ago I used to live well above my means, it is very easy to spend and so hard to pay down debt. I found myself with 27k in credit card debt and a minimum monthly payment of over 1200, no home- I rented, little savings...but yeah...I looked rich..Acura RL in the drive way cost 499.01 a month, Honda cbr1100 xx- cost 239.00 a month, hayabusa cost 255 a month...end result over 2200 in bills every month.
It was a very painful learning cuve...Fast foward a decade, I am unemployed going on three years this May, but my house is paid in full, my two other rentals are paid in full, I drive a 9 year old explorer- paid in full, yes I have a nice Victory Cross Country and ZX14 in the basement- both paid...
I would love to have another Porsche or Mercedes but they would be way above my standard of living at this point.
My excessive spending habits were evoked by a friend who told me a story.
Ray said, "My father told me a long time ago, before you go and buy a big ticket item (big ticket varies from person to person) determine how much the monthly payment would be, and every month for 4-5 months set that money aside in a seperate savings account. What you will find out is allocating that money every month becomes quite a burdon to the point you wont want to do it any longer, when this happens ask yourself do you really want/need that big ticket item?"
Funny how this single story changed my spending habits so much, most likely its because I have so much respect for this person that for once in my life I actually listened......
I have no doubt that had my egregious and excessive spending habbits continued, I would be bankrupt, broke, and forclosed on....as many find themself in todays economy.
This might be putting the cart before the horse but what the heck.
First off, the primary dream and concern should be finding gainful employment unless you are a multimillionnaire. My daughter is employed in a secure well paying professional position and I jumped on her yesterday about her spending instead of saving. She has bought two new pricey sports cars in eleven months, trading the first (15,000 miles) off yesterday for the second and this is after buying a new plush home last month. Yet she has less than $1000 in the bank, which is less than the one month of notes on the house and car. An income and money in the bank is vital to each of us and we need to save more in the event of illness, job loss or financial hardship. Buying guns is not what a person should dream of when unemployed unless you are wealthy.
Secondly, I think every shooter should already own a 1911. If you do not have one already, then it is extremely important to overlook my first paragraph and go buy one immediately. Sell off what ever is required to get one. Never sell a 1911 or God will punish you severely. Once you have one, then you can think more of getting a job.
As to the Hi-Power, I have two and one of those was bought two weeks ago from a relative that stays in a financial bind. His father bought it new about 20 years ago and only shot it a few times. Mostly it remained in a holster inside the original box. He died and the gun went to his son who then sold it to me for $375. The Hi Power is over rated and over valued as a shooter. It is a quality gun but, to me, is worthless as a good SD gun but a great collector gun.
Now for the Model 41. Drean for something else in life. They are way over priced and over rated. I would rather shoot my 422 than the 41. It is much like buying a Weatherby 22 for over a thousand when a Nylon 66 will plink just as good for a couple hundred.
Good luck in the job search.
