I agree that a save-first, spend later mentality is better. If you have a save-first, spend later mentality, everything you buy will be cheaper. If you don't ha

I agree that a save-first, spend later mentality is better. If you have a save-first, spend later mentality, everything you buy will be cheaper. If you don't have that mentality, the bank gets money for almost every luxury product you buy. But I don't think it is just the fault of the banks. I think the biggest problem is that people don't realize how much borrowing money really costs. They don't add up the total interest they will have pay over their loan, they just look if they can afford the monthly payment. If you don't borrow money you are able to buy a better tv, a better car or more luxury goods in general.