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Money and Finances
Reply to "SAHMs with no retirement or college savings"
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[quote=Anonymous]Most people in low wage jobs cannot afford to save and even if a SAHM went back to work and earned minimum wage, they are not making enough after taxes and expenses to save that much. Also, if you are on benefits like medicaid, it can take away those benefits and you be in much worse shape financially. I highly doubt OP, as wealthy as she is, is paying a good working wage to her housekeeper, nanny, landscaper, etc. so they can comfortably afford to send their kids to a $80K school like she can out of pocket. We have saved since birth to pay for a state school. We live way under our means, tiny house (1000 square feet) fixer upper in a not expensive neighborhood, rarely vacation, etc. But, if we had less income than we do we could not do it.[/quote]
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