Don’t Buy Stuff You Cannot Afford
Here’s another Hulu video from Saturday Night Live. In this one, from 2006, features Steve Martin trying to understand the logic of a get out of debt plan called, “Don’t Buy Stuff You Cannot Afford”
Even though it’s presented as humor it’s actually seriously good financial advice, if you can’t afford it you shouldn’t buy it.
If you live outside the US you can’t view Hulu videos at this time unless you were to use a US based proxy server.
Hi Frank,
Isn’t it ironic that simple comedy is so often more true than much of the real “self-help” stuff that’s out there?
I think I’ll forward this to my 15 year old son.
Thanks … keep havin FuN!
Todd
Hi Todd,
Yeah, sometimes I feel like Steve Martin’s character in the skit.
Oh definitely! Or else you will be in a whole lot of debt!
Hi David,
It always amazes me when I watch home buying reality shows where they say something like, “Bill and Joan have a combined income of $80,000 a year and they’re looking for a starter home for around $450K.”
I’ve seen this skit before, but it never gets old.
Thanks for sharing.
[…] Martin said it best in the SNL skit: “Don’t Buy Stuff You Cannot Afford”. addthis_url = ‘http%3A%2F%2Fwww.inhumanimal.com%2Fdevin-hansen%2F9-credit-cards%2F’; addthis_title […]
A gem of a comedy act. Steve Martin is great! Good advice, too. My Dad, however, in his attempt to keep me from buying things I could not afford, once told me to never have a checking account or a credit card, to always use cash. I saved up a lot of money and was ready to put a down payment for my first house. Brick wall. Could not get a loan…NO CREDIT HISTORY In the year it took me to apply for credit cards, use them, etc., the housing market in my area went through the roof and the price of homes doubled in one year. Thanks, Dad.
You should have gotten a conventional loan. They don’t use Credit Reports. Check out Dave Ramsey, he will tell you how. Or better yet, just keep saving. I don’t know of anyone who can’t buy a house with 100% down — paying CASH!! You have a SMART DAD!!