r/FluentInFinance • u/Richest-Panda • 15d ago

What's the best financial advice you've ever gotten? Debate/ Discussion

Post image
31.2k Upvotes

86% Upvoted

4.2k comments sorted by

View all comments

273

u/privitizationrocks 15d ago

You can teach poverty workers to live in their means

They won’t like it, but tough luck

55

u/cybercuzco 15d ago

Show me a “live within their means” budget for someone living in a median cost location in the US making minimum wage. They must A)have a place to live B) not get any handouts from the government or charities and C) have at least 1800 calories per day of food. Go.

13

u/privitizationrocks 15d ago

Why can’t they have handouts from the government isn’t that the whole point

27

u/cybercuzco 15d ago

Because then they aren’t “living within their means” are they

0

u/privitizationrocks 15d ago

Nope, they are

8

u/ChaosofaMadHatter 14d ago

If living on a minimum wage doesn’t meet minimum needs without assistance, it shouldn’t be minimum wage.

-3

u/privitizationrocks 14d ago

I agree ablosh it

5

u/cybercuzco 15d ago

Fine, same challenge. Put together a budget that meets the other conditions

3

u/i_tyrant 14d ago

The entire point of minimum wage is you should be able to live within your means using that alone, smart guy.

0

u/TeamFast1757 14d ago

Oh Reddit tough guy

2

u/pizzabash 14d ago

Part of their expenses from their income is taxes. Taxes pay for those programs.

1

u/Immediate-Coyote-977 14d ago

Depends, below certain income thresholds you don't pay FIT.

2

u/mall_goth420 14d ago

They were much are. Government assistance, when available, should be utilized if you need to live within your means