Ever wonder why people live paycheck to paycheck

submitted by Brewdabier from self.whatever

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[–]trident765 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Unless you religiously get lattes every day, and you make minimum wage, I don't think it is going to make that big of a dent in your income. I think most people are too lazy to go to Starbucks often enough that it becomes a financial problem.

My coworker makes the same income as me and he lives paycheck to paycheck whereas I have a couple of hundred thousand saved up. He rents expensive apartments, he keeps moving every few months, he took out a loan to buy a brand new car, he has student loan debt. I tried getting him to invest his money but he sold it all after it fell 1% because he was afraid he was going to lose all his money.

[–]Brewdabier[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

My parents gave me and my brother an allowance, less 10 percent, told us we must do the same thing when we grow up. To this day if I want something I thing do I need or want it. I always buy a used car and my last was the 1996 I still drive today. I live off my social security retirement and my pension check and still sit 10 percent aside. It's not how much you make but how well you manage what you have.