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So you need to spend at most 40% of your income on food, shelter, etc before you can save anything because you need to spend the 60% on what, occasional emergen
by dan-robertson 8y ago
So you need to spend at most 40% of your income on food, shelter, etc before you can save anything because you need to spend the 60% on what, occasional emergencies? What do people do when they don’t have that 60% spare? Or is the key that you write “actually save money” and by that you mean saving some significant amount of money? How much do you think that is?
- lxmorj 8y agoI think he means 'save towards intentional use' versus 'save to soften the blows of random hardships, but never really get ahead'.
- taurath 8y agoKeep in mind that that 40% is at a level where you still have to take the bus everywhere, live with roommates in a bad part of town, and not eat healthy. The middle class always spends and can save, being poor means you can’t.