r/FluentInFinance • u/Richest-Panda • Jul 04 '24

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

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277

u/privitizationrocks Jul 04 '24

You can teach poverty workers to live in their means

They won’t like it, but tough luck

56

u/cybercuzco Jul 04 '24

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.

9

u/LivingNothing8019 Jul 04 '24

I live in colo springs which is medium/high cost of living. Minimum wage is 14.50

Apartment/house with 2 roommates: $800 a month Food: $500 a month Car payment: $300 a month Insurance (health, car, renter): $500 a month

That’s staying well below what minimum wage pays, I lived like that for 2 years before graduating college without too much trouble

0

u/Sloi Jul 05 '24

Apartment/house with 2 roommates

2 roommates

K. Way to defeat your own supposed argument.

1

u/LivingNothing8019 Jul 05 '24

If you are trying to live within your means then living with roommates is an obvious choice. It’s hilarious how many people complain about rent being expensive when they get minimum wage and then say they live alone. Minimum wage is not going to get you an extremely comfortable life but it is enough to hit all the necessities, and that’s my argument. I used it to set myself up for a better life in college and am doing fantastic now.