Apparently these people can't:
What Living On $100,000 A Year Looks Like
The whole article is truly astounding to me. I'm not a big fan of articles like these mainly because they don't show their monthly spending, which I'm 100% certain would show excess, waste, and poor personal finance habits/decisions.
One thing that caught my eye was this "but bigger and unexpected expenses are a squeeze — such as his son's college funds or, Hugart says, a recent roof repair". While those are both bigger expenses, neither should be unexpected (this doesn't even include the argument that if you can't afford to retire, your children should probably look for alternative sources of funding for higher education). I could entertain that certain situations could make a roof repair unexpected, but house repairs should be expected and can be successfully planned for.
This is just another example of how schools and the family unit continue to fail in the area of personal finance.
What Living On $100,000 A Year Looks Like
The whole article is truly astounding to me. I'm not a big fan of articles like these mainly because they don't show their monthly spending, which I'm 100% certain would show excess, waste, and poor personal finance habits/decisions.
One thing that caught my eye was this "but bigger and unexpected expenses are a squeeze — such as his son's college funds or, Hugart says, a recent roof repair". While those are both bigger expenses, neither should be unexpected (this doesn't even include the argument that if you can't afford to retire, your children should probably look for alternative sources of funding for higher education). I could entertain that certain situations could make a roof repair unexpected, but house repairs should be expected and can be successfully planned for.
This is just another example of how schools and the family unit continue to fail in the area of personal finance.
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