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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Many likely were not taught to save.

That is not a character flaw, but it is an obstacle.

My DH and I were not taught this either, but being married and working together we have improved our financial literacy over decades and are lucky to have DCUM UMC salaries.

We are terrible savers, but if we can automate and never see the money that works for us.

I think the “pay yourself first”, meaning savings, mentality is great but hard for many people who don’t think long term to execute.  This is not something taught in school or society.  People do not talk about money and people don’t like feeling as if they do not make as much as their friends and neighbors.  It is hard for many to say “I cannot afford that” because of shame.

It is easier to live on a salary of $150K than to have a salary of $300K and live on a salary of $150K.

Those that are better at savings appear to balance the pain of frugality with the joy of experiencing superiority.

People feel bad that private college is expensive and they cannot afford to give that to their children.  College is crazy expensive.  There are less expensive options.

Our children will be better off for not getting everything they want.[/quote]

No, it’s easier to live off $300k and save a lot than 150k.  Your poor choices are not colleges problem.  It’s yours.  We talk about money in our home all the time. [/quote]

Most seem to forget that life is all about choices.  They could live off $150K easily.  They just chose to spend more and save less.  In fact, it would only take a few years living off $150K and they would have enough front loaded for college to increase their living up to $200K and still contribute to college and everything else. [/quote]

There is so much holier than thou on this forum.

It takes resolve that many people do not have to earn $300K and live like year earn $150K.

Why don’t the people that make $150K live like they make $75K and save the difference?  You could say this at any income level.

Look, I am not saying that people that make $300K should qualify for financial aid.  They should not.

And there is a range of circumstances of families that have saved various amounts and will choose a variety of schools.

But all this condescension implying it is so easy ignores many of the realities of life.  What is easy for one person is hard for another.

[/quote]

The more you earn, the easier it is to both save more than, and live more comfortably than those who make less.

Like yeah, sure it is disciplined to make 300k per year then live like you make 150k and save the other half. But you’re still living a much more comfortable life than someone earning 100k, or 75k.

We need a show like Wifeswap, except entire families just switch households snd living conditions and adopt eachother’s budgets. I would watch this show. [/quote]

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