It all started when my friend, saw a car advertisement that promised zero downpayment. He was immediately attracted to the offer, and he was determined to impress the girls in our circle. Little did he know, he was putting himself into a financial trap.
He was always a sucker for fancy cars. He loved the idea of having a luxurious car that could make him look cool and attractive to the girls he had his eyes on. So, when he saw the advertisement promising zero downpayments, he jumped at the opportunity.
He couldn’t believe his luck, and he quickly applied for a loan. He had no idea what the instalment would be, and he was so blinded by the prospect of impressing girls that he didn’t bother to do any research.
A few weeks later, He finally got the car he wanted. He was over the moon and showed it off to anyone who was willing to look. He was convinced that this car was going to get him the girls he wanted.
But, He soon realised that the instalment was way too high for him to afford. He was already living salary to salary, and he didn’t have any savings. He had no idea how he was going to make the payments.
Asking friends for money to support his car
That’s when he started to come to me for help. He wanted me to help him find ways to make the payments, or even borrow him some money. I couldn’t believe what I was hearing. It was obvious that He had gone too far in his pursuit of impressing the girls.
I immediately told him that he had to find a way to manage his finances better. I told him that he had to start budgeting his expenses and saving some money.
I also advised him to try and find a way to cut down on the instalment amount.
He was initially reluctant to take my advice and refused and finally woke up when the car was eventually towed away.