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If you get used to making some money and think you can rely on it, you might make commitments to spend it. Then if your income drops, suddenly you are at risk o
by fshbbdssbbgdd 4y ago
If you get used to making some money and think you can rely on it, you might make commitments to spend it. Then if your income drops, suddenly you are at risk of breaking those commitments. This can happen at literally any income level.
- scarface74 4y agoThen “Don’t do that”. My income has more than doubled since 2016. My commitments haven’t changed nor has my budget. For reference, in 2016 I was making $115K.
- goodpoint 4y ago...or you might choose not to make unreasonable commitments and save aggressively...
- 8note 4y ago"reasonable" is doing a big job there. What's reasonable? Unreasonable? 0 is the only properly reasonable value when you're considering potentially have 0 income. Don't make any commitments
- fshbbdssbbgdd 4y ago“What’s the point of having money if you’re not going to spend it?” Combine that idea with a bit of overconfidence, and you’ll find all sorts of expensive ways to improve the lives of yourself and your family.