40 Questionable Financial Decisions People Have Made and Shared Online for Us to Learn From

Have you ever been at the beach when the tide is coming in, and you go down near the edge of the water and you start trying to dig a hole, but water keeps seeping in from the sand around you? No matter how fast you dig, the hole just keeps filling up with water.

That’s a little bit like taking out a loan with a 23% interest rate. You are going to be making such ridiculous payments on that that it’s going to negate any good that having a little extra cash in your pocket did. You’re going to keep digging, but that hole is going to keep filling up. Far better to not take out that kind of loan if you can possibly, in any way, avoid it.