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Started By
Message
re: 60% of American adults don't have enough in savings to cover a $1,000 emergency
Posted on 5/8/19 at 6:47 pm to noonan
Posted on 5/8/19 at 6:47 pm to noonan
quote:
It's not necessarily about how much you make, more about how well you budget.
It's both.
Necessities cost money. Housing, food, health insurance, a car unless you live in a city and then you pay more for housing.
1
Posted on 5/8/19 at 6:48 pm to Bigryno7
quote:
Listened to a girl I work with the other day complain about how she couldn’t afford health insurance. Meanwhile, she just bough a brand new Jeep and her fiancé bought a 30k boat. Makes no sense.
Much easier to beg for "free" medical care.
Posted on 5/8/19 at 6:56 pm to GreatLakesTiger24
quote:
The tendency to splurge consistently on nonessentials is causing young democrat voters to skimp on other important items. Case in point: A good 38% of young democrat voters claim they can't afford to fund a retirement plan because they don't have enough money. Meanwhile, 35% say they can't afford a life insurance policy, 28% can't afford to pay off credit card debt, and 26% can't afford car repairs.
Fixed it.
Posted on 5/8/19 at 6:58 pm to GreatLakesTiger24
I don’t make frick shite and I have all the things mentioned in the OP. People just suck with money.
Posted on 5/8/19 at 7:03 pm to Bestbank Tiger
I said not necessarily.
But I doubt the guy I was responding to is making minimum wage. And even then, if you are smart about it you can have money saved even on minimum wage. Just like you can make 80k and still live paycheck to paycheck. Budget properly and its not a problem.
But I doubt the guy I was responding to is making minimum wage. And even then, if you are smart about it you can have money saved even on minimum wage. Just like you can make 80k and still live paycheck to paycheck. Budget properly and its not a problem.
Posted on 5/8/19 at 7:10 pm to Bigryno7
quote:Health insurance bought by me costs $750/mo. Through work, it costs $120/mo, but I've been fighting with Caremark about meds for two months now. The meds would cost me $1100/mo if I stayed on the work plan.
Listened to a girl I work with the other day complain about how she couldn’t afford health insurance
$750/mo = $9000/yr
$120/mo = $2400/yr
That's a big difference, and there are significantly cheaper plans that my company offers. Without knowing the background info, it's hard to make a judgment on that circumstance
Posted on 5/9/19 at 1:39 am to GreatLakesTiger24
Wow I feel terrible for these poor souls. It feels great to be debt free.
Posted on 5/9/19 at 1:49 am to GreatLakesTiger24
I have some assets.
But only about 25 bucks in cash and checking account
But only about 25 bucks in cash and checking account
Posted on 5/9/19 at 5:11 am to GreatLakesTiger24
Well 85% of humans are morons, so I'd call that figure a win.
Posted on 5/9/19 at 5:22 am to GreatLakesTiger24
Some days I feel like I'm a total frickup and I'll never be out of debt. Then I read this shite and realize I ain't doing all that bad.
Posted on 5/9/19 at 5:23 am to GreatLakesTiger24
But I bet they have the NFL package and the latest iphone.
Posted on 5/9/19 at 6:14 am to castorinho
quote:this post didn't age well.
In other news, tomorrow is Thursday.
Posted on 5/9/19 at 6:40 am to GreatLakesTiger24
Live every day like it's your last.
Posted on 5/9/19 at 7:06 am to GreatLakesTiger24
quote:
An alarming 60% of adults don't have enough money in savings to cover a $1,000 expense.
most will just pull out the plastic and charge it.....
on a side note, two weeks ago my compressor went out on my 4 ton unit, so i replaced the entire condensing unit. $1200 for the condenser and $200 cash for the tech. moved some money around from my accounts.
Then the following week i get a check back from the dentist for $750 as insurance actually covered my daughter procedure, and then got back another $180 from the hospital for a bill we over paid a year ago. having to move money back into accounts.
Posted on 5/9/19 at 7:09 am to GreatLakesTiger24
Jesus said: “The poor ye shall have with you always...”
Who am I do argue with Him?
Who am I do argue with Him?
Posted on 5/9/19 at 7:12 am to GreatLakesTiger24
Literally was wondering on the way to work this morning how much the average amount of savings is in America. I guess this pretty much answers that ...
Posted on 5/9/19 at 7:13 am to GreatLakesTiger24
USA Today about to be attacked on social media for not being understanding of the struggles of the average American living paycheck to paycheck while the fat cats keep getting richer and richer *said in Bernie Sanders voice to the stupid masses*
Posted on 5/9/19 at 7:14 am to GreatLakesTiger24
Its true. I see it all the time in the repair business. Average transmission repair is around 2000.00. Many people dont have the cash and put it on credit cards. The ones that dont have a credit card get denied by finance companies to fix their 6 year old car that they just paid off BUT BUT have no problem getting approved for 40000.00 to buy a new vehicle. Now how does that make sense?
Posted on 5/9/19 at 7:15 am to GreatLakesTiger24
What is the income and expenses of the average American?
Posted on 5/9/19 at 7:15 am to DownshiftAndFloorIt
quote:
Some days I feel like I'm a total frickup and I'll never be out of debt. Then I read this shite and realize I ain't doing all that bad.
i get hard on myself for mistakes in this area and i make a bunch (although overall, i could have been so much worse)
i've started waching dave ramsey clips on youtube and GODDAMN do they put things in perspective
it's like the issues being discussed. it seems so regular for people to have $15k+ in credit card debt. how in the frick do you get in that hole without a long term hospital stay or something? people who carry huge, high-interest debts make ME feel anxious
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