6 ms·

People who live paycheck to paycheck are very good at budgeting because they have to do it to survive, they don't need any more pressure. If anything it's riche

People who live paycheck to paycheck are very good at budgeting because they have to do it to survive, they don't need any more pressure. If anything it's richer people that could use a little prodding, but either way we don't need the government to be withholding extra money from people it thinks might have bad habits. > they get a big paycheck once a year to pay off whatever If you have something big to pay off, you usually need to do it right away. You probably can't afford to wait however many months until you get your refund.

deleted 3y ago
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fantasyfacts 3y ago
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- devindotcom 3y ago
  you made an account just to talk shit about the poor?
  - Dalewyn 3y ago
    As far as I can be bothered to care, schemes involving having other people store your money such as tax withholdings and insurance policies exist primarily to save people from themselves and their lack of budgeting capabilities. Most people can't budget, poor people especially so (it's among the biggest and most likely reasons why they are poor). They see money, they spend it all immediately. Saving? Investing? "roflmao" or "I can't.", they will say. The only way to address this so certain, specific, important payments are made absolutely is to literally take and keep the money out of the person's hands until the payment is made.
  - lupusreal 3y ago
    It isn't "talking shit", what he's saying is broadly true and you're not doing poor people any favors by pretending otherwise.
  - erellsworth 3y ago
    Picked an appropriate username tho
- WarOnPrivacy 3y ago
  > Whatever is left over after expenses is fun to be had as soon as possible. When income is 80% of the minimal bills, which dollars are the fun ones? > But anyone who has actually dealt with poor people who live paycheck to paycheck knows they are not good at budgeting and planning. You may not know that assertion is uneducated nonsense. The nonsensical part is the inference that better budgeting is all that stands between 80% of minimal bills and 105%. Past that, an extended time in hunger-level poverty tends to lead to some hyper-focused money management. As in being intimately aware of each penny that hopefully will add up to this weeks bag of white rice.
- zo1 3y ago
  Some of the "better at planning" poor people have built up crude math to make it all makes sense, but seems overly complicated for someone like me. The one I noticed: "oh, I got $85 for selling that pot I made, I'll use that for the fridge repair." - Which is totally different to "oh I got $85, I'll just put it in the pool of my bank balance because I already budgeted for that fridge repair which costs $60". I tried asking this person, but you also needed an extra $10 for that McDonald's lunch you wanted to buy but they insisted "nope, that's my fridge-repair money, can't spend that" Not sure I'm explaining that properly, but it was the sort of math I encountered dealing with such individuals.
  - lupusreal 3y ago
    One I've encountered is putting any surplus money into tattoos because they can't be stolen, repossessed or otherwise lost, thus making them a savvy place to put money.
    - chmod775 3y ago
      I believe whoever told you that may have been joking[1] [1] https://en.wikipedia.org/wiki/Joke https://en.wikipedia.org/wiki/Joke
      - lupusreal 3y ago
        They were completely earnest. The joke followed that they can't take money with them when they die, but they can take tattoos. Pharaohs still have their tattoos, they point out. There is also a general pattern of spending "extra" money on things like parties, experiences, consumables, etc. Better to spend the money on a pizza party and gocart trip for their kids than to stash it away in a savings account. Better to spend the money on beer for a party than even to hide it under their mattress.
- vdaea 3y ago
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- chaosmonger7 3y ago
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deleted 3y ago

[deleted]

fantasyfacts 3y ago

[flagged]

devindotcom 3y ago
you made an account just to talk shit about the poor?
- Dalewyn 3y ago
  As far as I can be bothered to care, schemes involving having other people store your money such as tax withholdings and insurance policies exist primarily to save people from themselves and their lack of budgeting capabilities. Most people can't budget, poor people especially so (it's among the biggest and most likely reasons why they are poor). They see money, they spend it all immediately. Saving? Investing? "roflmao" or "I can't.", they will say. The only way to address this so certain, specific, important payments are made absolutely is to literally take and keep the money out of the person's hands until the payment is made.
- lupusreal 3y ago
  It isn't "talking shit", what he's saying is broadly true and you're not doing poor people any favors by pretending otherwise.
- erellsworth 3y ago
  Picked an appropriate username tho
WarOnPrivacy 3y ago
> Whatever is left over after expenses is fun to be had as soon as possible. When income is 80% of the minimal bills, which dollars are the fun ones? > But anyone who has actually dealt with poor people who live paycheck to paycheck knows they are not good at budgeting and planning. You may not know that assertion is uneducated nonsense. The nonsensical part is the inference that better budgeting is all that stands between 80% of minimal bills and 105%. Past that, an extended time in hunger-level poverty tends to lead to some hyper-focused money management. As in being intimately aware of each penny that hopefully will add up to this weeks bag of white rice.
zo1 3y ago
Some of the "better at planning" poor people have built up crude math to make it all makes sense, but seems overly complicated for someone like me. The one I noticed: "oh, I got $85 for selling that pot I made, I'll use that for the fridge repair." - Which is totally different to "oh I got $85, I'll just put it in the pool of my bank balance because I already budgeted for that fridge repair which costs $60". I tried asking this person, but you also needed an extra $10 for that McDonald's lunch you wanted to buy but they insisted "nope, that's my fridge-repair money, can't spend that" Not sure I'm explaining that properly, but it was the sort of math I encountered dealing with such individuals.
- lupusreal 3y ago
  One I've encountered is putting any surplus money into tattoos because they can't be stolen, repossessed or otherwise lost, thus making them a savvy place to put money.
  - chmod775 3y ago
    I believe whoever told you that may have been joking[1] [1] https://en.wikipedia.org/wiki/Joke https://en.wikipedia.org/wiki/Joke
    - lupusreal 3y ago
      They were completely earnest. The joke followed that they can't take money with them when they die, but they can take tattoos. Pharaohs still have their tattoos, they point out. There is also a general pattern of spending "extra" money on things like parties, experiences, consumables, etc. Better to spend the money on a pizza party and gocart trip for their kids than to stash it away in a savings account. Better to spend the money on beer for a party than even to hide it under their mattress.
vdaea 3y ago
[flagged]
chaosmonger7 3y ago
[flagged]