Texas cost of living is high and that is just the way it is. It seems there is no law that says you cannot go over the top and buy the most expensive car in the world while some countries have wage garnishments on people who have declared bankruptcy. Those that do not qualify for any type of government assistance cannot even qualify for medical coverage.
So, the best place to spend your money if you have got a cheap car would be on gas, maintenance and auto insurance. If you are like many others you have taken on a second mortgage on your home because of your poor Texas cost of living.
Many of us spend more on gas in our cars than we will ever see while we drive down the road
. While some of us have enough gas in our cars to go a couple of hours on a single tank, many of us cannot afford to go more than 45 minutes at a time without spending more than we can pay back in one trip. So, we reach for the breaks that are offered by a loan to pay for a few extra bucks.
There are those who are spending their savings accounts on things that should not even be considered as a necessity in the state of Texas. You see, there are homes that are priced so low that you can never buy one and then leave the state. The price of these houses has shot up to an all time high.
Well, we know that the state of Texas is known as one of the top locations in the country when it comes to oil reserves. People are thinking that if they have enough oil in their property that they can make up for the high cost of living in their area. Unfortunately, they are mistaken.
That is why so many of them are going broke. They are unable to make a payment to cover the high cost of living and this is resulting in foreclosure on many homes. So, what do they do?
I am sure that the majority of them live their daily basis in the Houston area where the housing costs are so low.
The Houston area is well known as a center for oil and gas but it does not mean that the cost of living in the state of Texas is high.
On the contrary, those in the area are now being forced to move to areas that are more cost efficient and well known for having the finest jobs in the nation. In fact, oil prices have dropped and have left some companies with nothing but unemployment and no where to turn. For many of them, the only option is to seek help from government assistance programs.
The problem is that the cost of living in Texas is one of the highest in the country. So, those that are seeking government assistance, the aid they will receive will be very limited. Those who are lucky enough to find some form of government assistance have to pay a monthly payment for a minimum of 5 years.
If that was not enough to put them into the debt they need to live, they have to pay more for food each month and more for electricity each month. If you add in the costs of gas for the car and the transportation costs for that car and the household belongings, you can see how difficult it can be to make the monthly payments. One should not have to worry about the cost of living in the state of Texas when the economy is doing so poorly.
- The cost of living in Texas is not as bad as most believe it to be.
- Those that are suffering from the state of Texas cost of living should look at their monthly bills and compare those with other areas around the nation and compare those with the cost of living in the state of Texas.
- There is nothing to fear about the cost of living and those that are suffering from Texas cost of living should have a plan to get out of the state of Texas.