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My medical bills have been high. I pay for insurance and quite a bit is not covered. We Americans can be more frugal but we have a lot of costs that we can't do anything about. The last several years I've spent almost $20,000 between paying for health insurance and covering what is not covered by insurance. And insurance companies don't want to pay for brand name prescriptions and believe me generics are not always the same as the name brand.Oh and a recession is most likely coming so we are going to be hitting tough times again. We were just recovering from the last one.
So, basically your not finish paying for health insurance.
No most people have big deductibles they have to meet before their insurance starts paying. One year my friend's family had a $6,500 deductible before the insurance would pay. Her son is always being treated for ulcerative ccolitis so they have to pay for his treatment when he has problems.
The U. S. is not a cheap place.
No. If you actually sit down, plan your future invest in yourself to achieve a decent job or start a business and follow a financial plan then no it’s not particularly hard on averageIt is not uncommon these days in America for a high schooler to spend more time thinking about which music service is the best or pondering the meaning of the likes on their ig photographs than thinking about their future and what they need to do to have a good one.
In general yes, but not because of wages. It's because of culture. People aren't taught about saving money anymore and it shows.I've worked minimum wage, below minimum wage and above minimum wage and always saved money. It's all about self control and understanding what you can afford and staying within that.
The thing is people are not willing to give up comfort to save money, if you need to save money don't buy video games, don't order pizza, buy lots of rice eat that for months, drink water not soda, not coffee, it can be done but most people don't really want it enough.
I’m not saying you shouldn’t buy any video games, but rather don’t spend any money on the same video games you didn’t beat, finish, conquer, etc. Oh, by the way. Eating mostly only rice, drinking water, and no soda and coffee sounds like eating the same crap for months.
I'm talking about saving money. If you are trying to save money don't buy anything, simple as that, if you haven't done that yet then don't complain when you are broke. It's what i did getting paied $10 an hour to eventually get a car and my own apartment, now I'm paying my own bills like an adult should at 22 years old before any of my older siblings. The only difference between me and them is i wanted it more. I would give up anything. I still will.
It's not hard for me but I think its difficult for others.
Some people find it hard, if they put other things ahead of saving. You have to prioritize your purchases. Do I have a remote start for my car? Nope. But my nephew does. BUT, he hasn't saved one dime for retirement. There are many ways to save "automatically", if your will-power isn't up to the task. . Some on-line services will "round-up" your purchases and sweep those cents into an account each day. Perhaps having a weekly or monthly auto-deposit from your checking account into a savings account of a mutual fund might work better. Whichever savings plan you choose, start a spreadsheet and track EVERY. SINGLE. PENNY. SPENT. for at least a few months to help you see where all that money is going. (I've been doing this for 7 years). You might want to check out this link - - - - -https://moneywise. org/Good luck.
I don't think it's hard, but I think you're definitely encouraged to go in to debt.Take out a loan for university! While there? Get a credit card! Want to one day buy a house, but you've been managing your money well and paying for your life without debt and just using cash? Well too bad for you! No credit rating, but being responsible is punished? Yeah. Broken system.
A lot of people live outside there means. If you budget well. You can enjoy live while saving money for things down the road.Personally I take about 25% of my paycheck and put it into saving somewhere. For things like a rainy day fund or retirement.
I also have 2-3 shitty paying jobs. And make less then 30k a year.
Plus typically household bills and kids.
I think it depends on where you live (cost of living) and what you buy and how much you make but being content with what you have is really important. I may want a really good looking car but if I am saving money, I can buy an alright car and be debt free. I can wait on getting new clothes. I don't have to go out to eat all the time and I can just eat what I have at home. Only use money for what you need and let your wants take a back seat for a while.
There are many more toys & devices today than there were decades ago and everyone is tied to "keeping up with the Jonses". Having come into money myself I've been tempted but really not indulged in big spending sprees. I've begun looking into investments for my annuity surplus but I've not yet focused on a broker. I'm not surrounded by those with good advise.
Depends on the situation really. No debts or family members needing care but money still scarce could mean terrible spending habits. For me I can save easily, there's nothing in my life requiring my attention or outstanding bills. But in a position where you have to live paycheck to paycheck? Certainly.
no I find it pretty easy, a majority of people are impulsive and prefer to eat out, which could go from spending 50-100$ a week on groceries to 300-400$ a week on eating out. I think that's the biggest kicker, everything else that people spend money on here is hobbies.There isn't really a point in saving money here, it's all about investment and assets.
It is. Jobs don’t pay shit, everything is expensive.
LMAO, about the jobs!
Yes. we seem to live in a world where employers want to pay employees less and less, and the world gets ever more expensive day by day. You can't save money you don't have.
I think the culture is all about spending. But once you get away from that mindset you can easily save. There are good channels on YouTube about saving money for example.
Yeah, well look how much vehicles cost and the crazy cop-pays abd deductibles for healthcare. But yeah, people's discretionary spending is too high.
And the "solution"?
If I lived alone, then it wouldn't be hard, but because I don't, it is because there's always someone that needs something
No, but as you point out a lot of people waste money foolishly on trivialities. Also many spend money they do not have in order to impress people whom they do not like.
Not really. Depends on the job and pay. I managed to get my life back on track within 6 months because of a good job ( but the work is strenious and physical and takes up most of my time) just depends on your needs.
In my view a lot of people spend a lot of money on lifestyle (consuming now) while a lesser amount save for later
No. Anybody can muster up the willpower to save money. I think people just envy things so much that they waste their money on things that won't benefit them long.
Yes , it. Depends on the state you live in. NY is expensive so it is very hard to save money cause the cost of living , food, alcohol and transportation is high
Spending money on video games isn't a waste.It's beauty and art.It's fun and entertainment.It's lifeAmericans aren't the only ones who spend a ton on games also by the way.
May I tell you you’re a beautiful lady, even without seeing you!
@mario_with_no_luigi thank you for your kind words. ^-^
Yes I struggle as do many others. I like to buy things and so do other people. Its fun to have nice new things but you have to know what is important and what can wait.
Why do you give a shit what other people do with their money?
I don’t know. I feel like we wasted it on things we won’t use and don’t really need.
But if it’s not coming out of your wallet - who cares?
Money thieves, debit cards/credit cards thieves, and false accusers on social media.
Ok, you’re just being weird now.
What am I doing that is weird?
It is hard, but the reason isn't what you'd expect. It's taxes.
Depends on your spending habits (but i especially find it hard in Canada because everything is just so expensive)
No, I sit down and write out a budget for the first 6 months and then project another budget 6 months later. But most importantly keep records of cash flow out and cash flow in.
I don't think they waste it on things they won't use but just waste it on things they don't need. But no, I don't think it's hard to save money. A lot of people just like to spend it.
It's dependent on the person, honestly. Some people are good at saving and others are bad at it.
Yes, everything is overpriced but it's still very tempting to spend up
Why save? Your savings aren't earning any interest, they're just being eroded by inflation. Spend cash, buy physical gold and silver. The end is nigh.
very hard at times when you see food go up on price an clothes the things you have to have
Yes, it is incredibly difficult when taxes keep going up
WELL, dude. You have to pay for the goddamn hospital..!
What do you mean?
I don't pay for healthcare.
I dont know about in the US but it's bloody hard in Oz
It's really not but if you're stupid with money it could easily be difficult.
California especially yes
At least your being honest.
I don’t know. Are you lying?
Only because I'm not making any!!
It's not hard just know what to send it on
Yes I do believe so everything cost something
only way to save real money is Gold and Silver
Its hard because of how high the cost of living is
Yes I can't save money at all here
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