Comment on I'm not asking to be rich.

• snooggums@kbin.social ⁨11⁩ ⁨months⁩ ago

  When you don't make enough to survive, spending your whole paycheck is not bad because that is all you have.

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  • yote_zip@pawb.social ⁨11⁩ ⁨months⁩ ago

    Yeah that’s why I wrote that.

    Spending your whole paycheck is very bad at any income level, but it turns out when you’re poor you don’t get a choice.

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    • snooggums@kbin.social ⁨11⁩ ⁨months⁩ ago

      It is NOT bad though. That is very judgemental.

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      • yote_zip@pawb.social ⁨11⁩ ⁨months⁩ ago

        It is objectively bad. Spending your whole paycheck means you live month-to-month, and any unexpected expenses can and will sink you and send you into further poverty. It is not financially healthy to live without an emergency fund or investment savings for the future. Just because you do not have enough money to accomplish this doesn’t mean it’s not bad.

        I’m not intending to be “judgmental” while saying this - it’s important to recognize the problems that poverty causes.

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• AnonTwo@kbin.social ⁨11⁩ ⁨months⁩ ago

  You don’t have to “spend” all your money

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  Spending your whole paycheck is very bad at any income level, but it turns out when you’re poor you don’t get a choice.

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  • yote_zip@pawb.social ⁨11⁩ ⁨months⁩ ago

    Hi, the first snippet is in response to the commenter’s quote: “I don’t want to be filthy rich because I think I’d do a lot of dumb things more than I would doing charitable things.”

    To which I replied that being rich doesn’t mean they need to spend all their money.

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