They’re only living beyond their means because their interest rate keeps getting hiked. I’m assuming if the interest rate was fixed they would be able to afford all the frills.
Actually, the rate doesn’t adjust for three more years.
We sure are assuming different things! I am assuming that they bought a good deal of their frills with their credit cards. I don't see that as truly "affording." I see that as rewarding one's self without putting any work into it.
This man has basically admitted to making a number of questionable purchases (and I strongly suspect the list is far more lengthy than a tv, a dog, a servant and a vacation). A fixed interest rate is not a cure for the underlying problem, which seems to be a pretty simple case of greed.