[VBprogrammer]

If you have kids or intend to have them in the future this is a life lesson they need to have drilled into them.

I bought the cheapest house within commuting distance of where I work (in London) and am still trying to figure out how the hell to get out of that mortgage sooner than the final term. My car was bought outright as was my campervan.

I don't know how the people who drop half a million on a house and 50k on a Chelsea tractor, earning the same wage as me, sleep at night.

[ed_balls]

Maybe a warning like on a cigarette pack could help? e.g. "spending more than 15% of your income on a car can lead to a financial ruin". Warning on cigarettes reduced smoking by a few percent.