... But it only takes one moment of weakness to see a new car, fall in love with it, be convinced your life will be better with it and the next thing you know y

... But it only takes one moment of weakness to see a new car, fall in love with it, be convinced your life will be better with it and the next thing you know you've committed to 48 payments. I'm trying not be rude here, but that is one of the crazier things I've read. I understand splurging on something like a new pair of shoes or sunglasses, but how poor is your willpower and life planning that you just end up buying a brand new car you can't afford on a whim? A new smart phone isn't so bad if you can afford it (and by that I mean you have the cash on hand for it upfront, and don't need to do a payment plan or something similar). If you're struggling to pay rent though, just get a refurbished 5s or something.