My colleague, who earns A LOT (guesstimate around 5-6k net a month), and who has already had seriouss medical problems, and 2 kids under 5:
One day: well, my husbad (who doesn't earn a lot) wanted a big Mercedes. So I told him, well, we have the money now, so we can spend it. We have a 700€ per month car payment now, but we really enjoy the car.
I tried to get life insurance with my children as beneficiaries, but couldn't get one due to my past medical problems. Man, if I could at least leave them something like 10k each if something happens to me. But who the hell has 10k lying around??
One week later:
We found a great house! With everything, only 750k!
For my new office (she will start her own business soon, which will be very profitable), I will buy 80k of office equipment.
So, she is 30 years old, will soon have 800k in debt, has bad health and 2 little ones. Is this just me, or does anyone else hear the bomb ticking??