“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.
“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.
New shoes and new clothes should be part of your budget. You shouldn’t be blindsided by this.
Everything else, do some reseaech into ‘emergency fund’. You need one before you start investing, else yes you’ll be dipping into your investments the moment you need some extra cash and you might end up loosing money if the market has gone down when you sell.
That’s the point. Financial security is extraordinarily tough to come by so people can’t set aside the money for an emergency fund and invest. It’s not just poor budgeting, everything is getting more expensive for the middle class. Five years ago, my fiancee and I could buy 2 weeks of groceries for $100 at Aldi. Its doubled in that 5 years. Ironically, the most stable consumer good in the last 5 years has been gas and republicans bitch about that too.
Youbare mixing things up.
Groceries have gone up, no one is questioning this, we all feel it.
When questioned about what your emergency, unexpected expenses were, that made you dip into money that you had invested, you listed real emergencies (cavities) and stuff that should be in a budget - new shoes.
Read about personal finance. You have money that you spend as part of your budget bills, shoes, rent etc.
if you manage to have any left, you put them against an emergency fund, typical recommendation is you try to build a nest that allows you to leave for six months.
Then if you still manage to have any left, you start investing.
It looks like you did the wrong way, invested money that you actually needed.
Also, if you are redoing your deck and don’t have an emergency fund, toubare living on the edge. Shit happens like lose your job and break a leg and you don’t have money to pay your mortgage. But at least you have a new deck.
This is basic personal finance, has nothing to do with the price of groceries and you are not poor since you obviously have extra disposable income that you are using wrongly. The other guy isnright BTW you don’t need a new bed ffs, if you have money to throw away start building an emergency fund.
But obviously this is lemny and my logic is in the way of the narrative that the greedy corporations are causing everyone to leave one pay check to another. Hence all the downvotes.
…or zoom out and see the hypothetical scenarios I listed as exactly that. Hypothetical scenarios. You can sit and nitpick probably about half, but I came up with all of those things in about 4 minutes. You’re not getting down voted because this is Lemmy and corporations=bad or whatever. Corporations and their executives making way too much money tax-free is the popular opinion world wide. If they’re billionaires after a 45% tax rate, then holy shit! Good for you CEO! But that’s not what is happening. They’re making billions and paying 0% on it because they’re investing it and borrowing money from banks against their company. That’s why the democratic party has won the popular vote for decades. Everyone is able to see this and are tired of getting fucked by the wealthy and Reaganomics. The middle class is paying 13% on $40K while Elon Musk and Jeff Bezos are paying less in total taxes while earning multiple billions. I shouldn’t have to forgo a $250 tv in order to invest for retirement. Quality of life should be rising along with technology. There was a point at which interior lighting and electricity was a luxury and wasn’t necessary for daily life. Should that mean that I should be expected to go without in order to invest? No, it became a public necessity due to it’s net benefit to society. There’s a huge benefit to society each being able to turn on the news/sitcoms/movies in their own house. It allows children to see the outside world and become familiar with pop culture, noteworthy news, documentaries etc. It isn’t just an entertainment box that melts your brain and destroys your cornea…
Let’s entertain your deck criticism for the fun of it, what happens when you have a few friends over? You’re standing on the deck grilling for everyone and the railing someone is leaning against breaks and they fracture their leg? Sure you could have repaired the deck, but you chose to save a few hundred dollars. Now your friend has a hospital bill for $40,000 because he needed reconstructive surgery for a displaced fracture. He doesn’t have the money and would lose his house if he goes into medical debt, so he has to file a claim against your home owners insurance. They tell him to scram because it’s YOUR fault the deck was falling into disrepair. You’re expected to keep up with the maintenance of your house. Now he’s forced to sue YOU for the money. So do you spend the $1000 to repair your deck or do you risk someone getting injured on your property because you don’t have an “emergency fund” and Jim Cramer told you the only way to get rich is by investing and letting your money work for you.
Look I hate ceos profits like anyone else here. But you are right you chose shitty examples to cry poor, and they make less and less sense as you keep going.
If you knew what making ends meet means, you’d stop with this deck nonsense. You wouldn’t have friends over when you can’t afford to buy groceries, or if you know your dexk ia not safe. And you’d understand that you are privileged, are making choices with your money, and are winging because you are wasting it - new deck, new shoes, new clothes and new bed.
But sure keep going. Redoing your deck is a basic human right, how dare anyone on lemmy challenge that.