Welcome to Elio Owners! Join today, registration is easy!
You can register using your Google, Facebook, or Twitter account, just click here.I think professional ethics and personal responsibility should both be goals of a society we live in.
poor people with bad credit would still need financing for $6800
if $6800 were a solution for poor people, then why are the Ms of used cars for $6800 not NOW a solution?
People have to stop blaming the loan companies. No one forces you to take out the big loan. It is no different than a credit card. No one forces you to use it and not pay it off.
The loan companies arent going to change. The only person you can change is yourself.
We (society) need financial education at a young age. IMO it should start in middle school. Too many people screw up in college and already start with the table against them. Fortunately, I have a small student loan.
We (society) can't keep blaming the loan companies and have to look in the mirror. I bet if everyone with poor credit only paid 4-5% interest on any loan, hey would still screw up elsewhere. Most people get a high interest rate loan due to their low credit score....
There are many people who need to take responsibility for their OWN actions.
My kids have a finance class where they go through Dave Ramsey's Financial Peace University curriculum. It's not too bad and gives them some things to think about. I don't agree with everything Ramsey does, but he's geared the course to people that aren't responsible, ie can't pay off credit cards at the end of each month.The H & R Block Budget Challenge should be a requirement for high school graduation. There is an APP for that!
It's a financial "timing is everything" game. Students would learn and more importantly PRACTICE many real world money management skills: Paying bills, managing expenses, saving money, investing in retirement, and more.
It may be played somewhat like the ever popular FarmVille only practical.
Kids learn personal spending habits by observing and interacting with their parents. The fortunate kids have parents that set a good example and make an interactive effort to raise financially responsible kids. Financially irresponsible parents feed the cycle and choosing to drive an Elio will not change their money management skills and bad credit ratings.
Our public school system could provide some important guidance in this important money management lifeskill. Perhaps money management could be added as a unit in the Public Schools "New Math Curriculum". It would seem as practical as say Algebra and Geometry.
My kids have a finance class where they go through Dave Ramsey's Financial Peace University curriculum. It's not too bad and gives them some things to think about. I don't agree with everything Ramsey does, but he's geared the course to people that aren't responsible, ie can't pay off credit cards at the end of each month.
We started filling out our taxes the other day and realized we must be lousy money managers...The people the affordable Elio really helps are the financially respnsible mid and lower income groups. They will have a little more money to manage. Go Elio!
The people that are lousy money managers take a class and save some downpayment before you buy your next vehicle or anything you can't pay cash for.
The financially reponsible people that suddenly can't make a payment or two because of a job loss or illness need a break. They are responsoble and will bounce back as opportunities arise.