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Rant Warning

April 24th, 2016 at 12:48 pm

Someone I know posted this url on Facebook and talked about how it is true -- so many can't come up with $400 in an emergency:

http://www.npr.org/2016/04/24/475432149/could-you-come-up-with-400-if-disaster-struck?utm_source=facebook.com&utm_medium=social&utm_campaign=npr&utm_term=nprnews&utm_content=20160424

I know there are people out there due to circumstances beyond their control they don't have a decent income. I'm not writing about people like that. I'm writing about those who are not unemployed or underemployed. What I find amusing is the person who shared this has a good income, benefits, etc. This person doesn't save a penny, lost a home in foreclosure, has creditors calling about the unpaid bills, yet moans the job doesn't pay enough.Lots of shopping goes on. Lots of eating out and buying booze. Of course this person took a big vacation last year, went over Christmas to another vacation, and is planning a summer get-away.

I guess I'm getting old and tired of listening to people who won't help themselves whine how they don't have money.

9 Responses to “Rant Warning”

  1. pen Says:

    I saw the same article... it is depressing to think of this happening, but it does.

  2. crazyliblady Says:

    It is depressing. Personally, I would steer clear of this person, as I have found that being around people who are irresponsible with money influences me badly. My fear would also be that such a person would ask you for money when they get in a tight spot rather than trying to fix the problem themselves.

  3. Thrifty Ray Says:

    People who complain about their self inflicted situation annoys the heck out of me too. Especially when they do nothing to change it.

  4. creditcardfree Says:

    Agree that this is irritating! People would have $400 if they didn't have cable for four months for example.

  5. Jenn Says:

    And then on top of it, he blames society for his situation... Wow. As long as he doesn't take some accountability, his situation will never improve. I've made some stupid financial choices in my lifetime, but I don't think I've ever blamed anyone but myself for them!

  6. LivingAlmostLarge Says:

    Read the atlantic articles it is very well written explaining what happened. Poor decisions all along the way. I don't think his story is unusual. I also find it incredible that he mentions at all the fact that the average credit debt is $6k but it's not that people have debt, it's that the people in credit card debt are more like $15k in debt and balanced out by the percentage of those not in debt at all. So a certain percentage is overspending.

  7. tripods68 Says:

    Article is well written....depiction how bad decisions can ruin your finances, carrying two home mortgages, paying for college for 2 daughters that they couldn't afford. Keeping up with the 'joneses'. All too common why Americans are broke and don't have retirements; trap in the cycle of debt, spending more than what they earn. Not planning, or creating a family budget that have a long detrimental repercussions. Most importantly, not communicating openly with your spouse family budget. Yup...sound familiar.

  8. MonkeyMama Says:

    What a depressing article.

    We've got friends who can't afford their house (just walked away). They went to Bora Bora for spring break. Seriously. Can't afford the roof over your head, but at least you can afford an upper class vacation. I will never understand American financial priorities. Bora Bora sounds glorious, but 1,000 times more I want a stable home for myself and my children.

  9. My English Castle Says:

    I swear I have colleagues who are waiting for their parents to die--thinking the inheritance will get them out of their financial mess. But like lottery winners, I think it would be gone in a flash.

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