4 ms·

I read this sanctimonious nonsense in every thread on spending and saving. The only point you missed was saying that you only spend $5 a day on food. Tell me

by zaroth 8y ago

I read this sanctimonious nonsense in every thread on spending and saving. The only point you missed was saying that you only spend $5 a day on food. Tell me this dear sir or madam... 1) How many kids do you have? 2) How much did you spend on healthcare in the last 5 years? Financial shocks exceeding savings coupled with a system which requires drawing on high APY credit in order to absorb those shocks I think is a more likely culprit. Just one event like that can have a family struggling to stay afloat and carrying thousands per year in interest payments on top of everything else.

amf12 8y ago
> Financial shocks exceeding savings The point that person is making is, if a person who makes more than the minimum wage is to reduce spending to 90% of the current spending they would be better able to absorb these unforeseen financial shocks. > How many kids do you have? This is another thing I notice (outside and in the article too). A lot of people who live paycheck to paycheck have 3 or more kids. Naturally more kids increase costs. Now I am by no means saying people shouldn't have more kids, but that number should depend on their financial situation too.