Quote:
Originally Posted by DSTCHAOS
It's good that it's getting harder. People who didn't need to live paycheck to paycheck were doing so and getting really comfortable in that. Then they had the nerve to present their material possessions as some sign of social class or "wealth." Sure, you have a nice car and new clothes, but you only have $500 in the savings account. Not a good safety net in case something happens. And don't dare have the nerve to get social services. The social services should've been you trading in that car and not buying those nice new clothes. People are spending on borrowed money and spending before they even get their paychecks. This consumerism has been feeding capitalism for decades.
Being poor sucks whether you're an underemployed adult or a student. Take some time to learn about investment opportunities or anything that can make your money work for you. This doesn't mean that everyone will be successful in getting out of poor status. 90% of people won't. But it means that the people with access to the info can learn and see what the outcome is.
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To what DSTCHAOS just said....
This gets me to thinking about one of my s.o.'s co workers who just bought a house for about 400K...got upgrades which pushed the price to 700K
Then......
After moving in, she obtained a 4K plasma TV a 1K LCD for her daughter and a 2K TV for the master bedroom.
**I say 'obtained' because she is still paying for these items...*
She got a new car with all the amenites including OnStar or whatever it is that people use to get in-car help
She also has a Denon sounsystem which ran upwards to 800 bux and subwoofer which was at least 300....called me to drive a 1/2 down there to hook it all up.
Meantime, she has 3 kids (her husband and thier 2 children), can't cook....
and already has creditors coming after her.
Part of the issue with people living check to check is that no one really saves money. People spend beyond thier means when they don't have to.
I have gotten to a point within the past few years that I am being more consious of what I am saving vs spending and if I don't need it, I can skip it.
Even lunches during the course of the workday....you save more by sometimes making your own meals and taking to work with you vs spending 5 or 10 bucks for a less than satisfying lunch.
You can do more with less especially if you put some of it away.
Anyone here got retirement plans?