Just some random thoughts after reading a slue of personal finance blogs over the past few days. Thoughts?
There are certain assumptions that some people make when they learn that others live paycheck to paycheck. These are some of my observations and some of the judgments I’ve felt.
- they are financially irresponsible
- they are uneducated
- they work a menial job
- they don’t save
- they spend frivolously
- they don’t know how to budget
I live paycheck to paycheck and I don’t consider myself any of those things.
- I know where every penny of my money is spent
- I have a master’s degree from a Big 10 University (and the student loans to prove it)
- I have a professional career
- I have an emergency account and pay myself first every payday
- I consider purchases carefully
- I’d argue that I’m much more budget conscious than those with money out of sheer necessity
Do you live paycheck to paycheck? (No judgment, obviously.) Do you have a rebuttal? Do you get defensive, (admittedly) as I do? Do you get the same vibe? Do you feel that these are lessening or getting worse as more and more people are living paycheck to paycheck?
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