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Old 07-23-2011, 04:47 PM   #11
save_HUTCH
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Mine isnt a horror story at all. E-1, 08 Focus two year old in Apr '10. 187 a month for 66. Not to bad for my first loan ever.
BTW E-4 now so I make a bit more then back then.
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Old 07-23-2011, 06:03 PM   #12
JCH841
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It's a tough one. Some of these poor guys never had a steady paycheck before and don't even understand that taxes and social security get taken out. I felt the military absolutely sucked at preparing our young people (I was a Mustang O-4, so when I was vehement it usually upset people.) I had one kid that literally thought he couldn't be out of money because he had checks left - no joke. The military made everyone use direct deposit, he'd never had a bank account before and assumed we just added money as required. Don't even get me started on the used car lots near the bases. What's the difference between a carp and an used car salesman? One is a scum sucking bottom feeder and the other is a fish.
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Old 07-26-2011, 12:55 AM   #13
lscrx
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I've seen soldiers over here in Germany pay $2500+ for an Mk3 Golf that they could have bought for 750 euro on the economy. I'm glad they made it a rule that any car 10+ years old must pass USAREUR inspection before being sold.

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Old 07-27-2011, 07:39 PM   #14
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I agree with Cjohn every leader should take a financial management class...this way they are better equipped to help their joes
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