I read that half of Americans couldn’t cover an unexpected $1,000 expense. This sounds crazy to me. I understand that poverty exists, but the idea that an adult with a job doesn’t even have that amount saved up seems really strange.
What’s your relationship or philosophy with money? What do you credit for your financial success, or alternatively, what do you blame for your failures?
For the extra brave ones: how much savings do you have, and what are you planning to do with them?
It comes down to if you rent.
If you have a fixed mortgage, shit gets easier fast. If you rent, any wage increases is often offset by rent increases.
Less people are able to save, because they never get out of those “tough first years” of a mortgage
I have rent control. Buying is the worse financial choice for me.