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Reply to "What is it like to be “house poor”?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]No eating out. No vacations. No activities for your kids. No splurges. No new clothes. No going to the movies. No replacing things that get broken that aren't necessities. No upgrading phones. No streaming services. [/quote] This is how I grew up. Nice house. Nothing else. It also means extreme stress in every recession or downturn. Even as a kid, I constantly worried that we'd end up homeless because there was no padding. It was our really nice house or, if my dad lost his job, our car.[/quote] As a a kid, why were you burdened with the knowledge of your parents' finances? My kids are completely unaware of our financial situation. [/quote] It's not that hard as a kid to figure out that your parents have no extra money. We were literally eating rice and beans at times. My parents would fight about utilities, grocery budgets, and buying kid shoes. My mom would spend hours at the grocery store with four kids in tow trying to get the bill down. We wouldn't be allowed a second cup of milk because it was rationed over the week. This level of tension went up when my dad was worried about being laid off. It went up even more when he was out of work. They never explicitly told me any of this when I was younger, but I was an observant kid. By high school they were more explicit and it all fit together. We lived in a lovely 3,000 sq ft home in a nice suburb and my dad worked a good white collar job. I always had my needs met, but we never took a vacation, went to the movies, went out to eat, or bought anything just because. Never.[/quote]
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