Reply to Why is it hard for some privileged people to realize that saving is hard?

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[quote=Anonymous][quote=Anonymous]

I didn't read through the whole thread because after a few pages I see you are getting alot of shade and shaming on this. Just want to say I agree with you. These people do not know what its like to be poor or live on a razors edge. Its very self righteous of them. Yes, there are people who are poor and make bad financial decisions. And yes, they could cut out some luxuries for sure.[b] But cutting out a starbucks a couple times a week is not going to give you 6 months of living expenses. [/b]Get a grip people! Also, when you are that on the edge, you are often one step away from crisis and any savings you have get eaten up on a  regular basis. ie. you manage to scrimp together $1000 in savings. Yay. Then you have a medical problem and need some testing done that's only partially covered by your insurance, your car breaks down or needs regular maintenance, etc. etc.

I agree with you. Privileged people can be completely tone deaf and simply have no frame of reference to understand. Not everyone can just go get a loan to cover their expenses like our supreme dumbass commerce secretary Wilbur Ross suggests[/quote]

This sort of thinking right here is why people can't build emergency funds.  No, cutting out Starbucks won't give you 6 months of emergency savings overnight, but keep doing it and it sure will. And you know what happens when you start consciously thinking about every $1-$2 expense like Starbucks? You end up cutting other little things here and there. And then over time, you have savings.

And then you have a medical emergency that cuts out that savings and guess what, you start over!  You do the same thing you did before to scrimp that $1000 together until you need $1000 for the next emergency. But you don't never try to save to begin with because you might have that emergency one day that will use up the savings.  [/quote]

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