Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Why is it hard for some privileged people to realize that saving is hard? "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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] 1000x this.[/quote] No. You clearly have no understanding of what it means to be low income. It's not about Starbucks. [/quote] Can we at least agree that people tight on cash shouldn’t buy Starbucks? Or they “deserve” it? I’m honestly curious. We have a high HHI and I think Starbucks (and other yuppy type coffee places) are outrageously priced and I ONLY go if a friend expressly invites me to meet there. And I order a “tall” regular coffee and still internally roll my eyes at the ridiculousness of the place.[/quote] No, because your premise is wrong. Poverty is not due to Starbucks expenditures. [/quote] I think Starbucks is a symbiolic example. Poor people are and remain low income through poor decision making. I know/knew several Asian families who came here with only a few thousand dollars not understanding English etc. They worked constantly, saved every penny not matter what it was. 20 years later they [b]all[/b] own multiple properties, drive luxury cars, own large houses in prestigious suburbs.[/quote] Again, people are not becoming or remaining poor because they buy Starbucks. I think you are confusing Millenial poor with actual poor. [/quote] People are confusing American poor with actually poor. The actual poor don't have cars to face emergence repairs or cable subscriptions to cut. They ride on public transport, as in on the roof[/quote] Many poor people in America don't have cars that need emergency repairs, either, because they can't afford the cars. And they ride on public transit, too, often from homes in inner-ring suburbs to jobs elsewhere in the suburbs on transit networks that are mostly designed to ferry people into urban centers. THAT's the kind of thing that keeps people poor: having to make a 2 hour commute each way on multiple buses for a job that doesn't pay you if you're not there on time and fires you if you're late once too often. Not a mythical Starbucks habit.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics