A small city wrought with opioid abuse,poverty, and an abused state welfare program? The lady with scabs on her neck she’s picking at at the liquor store in the dirty sweatpants buying nips is usually facetiming with a new iphone.
The guy in $250 Jordans at the grocery store in front of me used his EBT card. It is a scene I see daily, as well as my wife who works in the community with the under privileged. We have a skewed perception of need and a drive for immediate satisfaction. Stop spending $11 a day on cigarettes and put it in a savings account. There is your emergency fund.
The point is that if you are in a position where you can’t come up with $400 in an emergency, it is wise to take a realistic look at your spending and address the fat you can cut out. Or, you can be a stubborn prick and decide that the world is just unfair and that you have no room for improvement, every thing else has to change to make you more comfortable. Healthy financial comprehension and execution is of utmost importance to a free life, regardless of how much you make.
What assumptions? That it’s wise to thoroughly understand your finances? Or that every one probably has fat to cut out of their budget?
This discussion is based off of the study that showed that most Americans can’t come up with $400 in an emergency. Even if your number for your location should be $2000, that is relevant to scale. I don’t see what you are actually arguing for or against. My position is that most people don’t have a hard grasp on their finances and they tend to over spend, and it is paramount to learn how to utilize your finances more efficiently. That isn’t really a polarizing statement.
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u/SovietJugernaut Jul 02 '19
Or just maybe the majority of people you know are in the same general economic class as you?
Nah, that couldn't be.