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What exactly constitutes NOT living paycheck to paycheck? I mean, I used to be unable to pay bills until my paycheck arrived, I get it. But today, despite havi
by stmfreak 8y ago
What exactly constitutes NOT living paycheck to paycheck?
I mean, I used to be unable to pay bills until my paycheck arrived, I get it. But today, despite having a modest emergency fund and being able to pay all of this month’s bills with last month’s paychecks, I still would consider myself living paycheck to paycheck. I mean, I cannot quit my job for a month or two without substantial financial harm. So I might answer such a survey in the affirmative. Meanwhile, younger me from several years ago would look at my current bank balance with envy.
Is this like a survey of who feels rich? Everyone says no, but everyone below you on the scale thinks you are rich while everyone above you thinks you are poor.
- herval 8y agoIs that rethorical? It means being able to save money on every paycheck, or have enough saved (or a social safety net) that allows you to lose a job and not go bankrupt/lose assets if you spend a few months without pay. That’s by no means “being rich” in developed countries...