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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Don’t pay for your own graduate education, live further out and commute, send kids to public school, don’t eat at restaurants, have fewer kids...there are many ways to live within your means and save. Most don't.[/quote]

Many can’t live within their means because their income doesn’t cover basics. I have posted before about how my cousin and I both grew up poor, she worked hard and did everything “right” (including not having any kids) and she is still poor. Not DCUM poor, but federal government poor. She’s stuck in a city with few prospects and can’t save up enough to move somewhere that does. I made a fair number of “errors” and ended up in the middle class after marrying a man with family money and moving to a city with economic opportunities.

I wish there was a relocation option type federal loan that would allow people 18-35 to borrow $5-10k to move to certain areas desperate for young workers and families. They could start repaying it after a year. Maybe with some forgiveness if they remain employed in that area for three years. [/quote]

This is a very good idea.  [/quote]

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