Eight Reasons People Are Going Broke in 2024 ( My Observations!!!)

[@grannyprepper1181]

Most of us are tight on money and if you’re a single senior like me, it’s a little harder.

[@amgooder]

People just want to keep up with the Joneses, not knowing that the Joneses are struggling😂

[@mtnshelby7059]

Track every expense for a year. Every dime. One of the best habits I ever started. I use a cheap notebook.

[@cjhoward409]

I do that and then get an average for the year what we spend on groceries, gas, eating out, etc

[@sjordan7085]

My mother always did that, she was amazing when it came to stretching the house-keeping money. And, she had a beautiful garden by swapping plants with her friends. She managed to save enough to buy a new car for her 50th birthday, just from what she saved on groceries.

[@TeresaS-q7x]

I do this every year using a spreadsheet on my computer, I know exactly how much was paid at the end of the year of each separate bill, groceries, entertainment, etc.

[@kimsinspiredlife]

Not knowing how to budget can be a killer 🫤

[@larmstrong2302]

Living below your means is the key. Otherwise, you can't save. Always go way below what mortgage/financial people advise you can spend on a house or car.

[@danklein8587]

The bank told me I could afford X amount for a home loan based on my income. But I wanted 20 grand less than what I qualified for and that is what I did. Most people do not figure things out as you know.

[@kathyharmon2093]

Yes I’m living on social security and my pension we got a 2.5% social security increase but after the Medicare increase for 2025, my increase for my Medicare supplement for 2025 and my rent increase starting in January I will have $28 less per month to live on than I did this year, the cost of living increases are definitely not keeping up with the actual cost of living.

[@CentsibleLivingWithMoneyMom]

I agree

[@OneIncomeSuperSaver]

We don’t buy small bags..we buy in bulk. We make our own tea and put them in Gatorade bottles for lunch. Simply making your own sandwiches and taking them to work. Many people don’t know the difference between needs vs wants.

[@Debbie-Keller]

Exactly!! I believe many have their wants and needs confused.

[@Rebel-pt1se]

I’m seeing people say they’re doing a no spend January, I think I’m gonna try it also and maybe do the same all year.

[@ceciliaperales8466]

I know people who want to work , but can't because of medical reasons , those are the people I want to help. Even if it's just giving them rides.

[@M_SC]

That is very helpful! Thank you

[@CentsibleLivingWithMoneyMom]

How kind

[@cjhoward409]

We live out in the country, 15 miles from town. We all help each other with riding together or running into town for a neighbor who is sick or borrowing something so we don’t have to make a trip into town.

[@ceciliaperales8466]

@@cjhoward409 that sounds so perfect ❤️

[@joycejackson9315]

God bless you 🙏

[@yourhomeisyourbusiness2221]

I think the overwhelming reason many people are broke is because they begin using credit cards at a young age and become dependent upon credit in general as they grow older. If we can teach young people, age 10 and up, the purpose of saving money now for things they WILL need in the future, and the dangers of depending upon credit to obtain those things, it will benefit individuals and society.

[@christines2787]

I don't think we need to wait till 10. I'm thinking most kids can understand the concept of long and short term savings by age 5. Use a couple of piggy banks.

[@penelopeprimrose90]

I have 2 young adult (college age) daughters. As soon as they turned 18 they got a credit card. They work in the summers and that money goes into the bank to be used for school items like computers, and clothing, and any recreational spending like eating out etc. They pay the bill in full every single month. It has been drilled into them that they never charge what they cannot pay for in full when the bill comes due. I see this as teaching them to use credit responsibly. My husband and I put every single purchase we make on a credit card and pay it off in full every month. I have done this since I was 18. We like to earn the points and cash back. They see us using credit cards responsibly. Credit cards aren't the problem. It's living beyond one's means and not having discipline to not overspend. Credit cards and good credit can be a wealth building tool.

[@cherylawitherell1800]

Yes

[@panhandle-raised924]

Insurance, groceries and taxes are outrageous!

[@cjhoward409]

Groceries is our highest amount of money spent each month. The next is fuel for our cars. And we mainly drive our 2017 Honda Civic. Gets great gas mileage

[@sjordan7085]

You are right about insurance. I was paying $300.00 a year for my RV insurance, this year it increased to $429.00 they claimed it was due to cost of living. Eventually, they refunded me $10.00. Big deal! I really need to use it often during summer months to make it worthwhile keeping, I bought it for my retirement, so I could take pets along on my adventures.

[@lindawiley7197]

Advice is awesome thank-you. Love that you are home relaxed on the couch. just talking like my sister. With real from the heart advice.

[@CentsibleLivingWithMoneyMom]

You are so kind

[@lindawiley7197]

This is just so true. Love this conversation advice. Together At home on our couch .

[@TeresaS-q7x]

interest charged on payday loans should be against the law

[@barbaraparker6996]

Instant self gratification. People want what they want immediately instead of saving up for it. So they use their credit cards.

[@0773heidi]

Not enough income bills getting too expensive nothing left to save very hard x

[@patriciaholstein878]

Writing down everything you spend money on and reviewing it monthly, one will find where money is going. A lot of people don't want to feel deprived so cutting back is resisted .

[@Jazzatic2011]

You just reminded me to put the auto deposit from chequing to savings @ $5 a week. It’s a small amount but $5 won’t hurt anything and makes sure things are consistently saving

[@pensacola321]

$5 a week? Really? 🙄

[@CentsibleLivingWithMoneyMom]

Every little bit adds up

[@Midwestmomvolunteer365]

I think in part, people are not adjusting their spending to the extent that they are able. I have a friend who is beyond broke, had steaks on the grill last night for dinner. I don't even say anything about her spending anymore. I know it is hard with the world, don't get me wrong but some people are just not making the best choices. Great observations.

[@CentsibleLivingWithMoneyMom]

Excellent point

[@SonnyPruitt-q1s]

The elderly on fixed incomes are getting hit the hardest,insurance rates skyrocketing,property taxes through the roof utilities up and the government gives a $50 raise a month which does nothing to help when you bills are up $200+ a month.

[@cjhoward409]

Exactly ! Well said !

[@SmilingBeaver-ou7nc]

I agree. It's very hard for us seniors to get any kind of assistance, and if you can the waiting list can be a year or more. We have savings, but it could easily be gone as prices skyrocket. Have a beautiful day everyone 🥰

[@OneIncomeSuperSaver]

$50 is more than many of us are getting..and we are raising families

[@sgc1401]

@@OneIncomeSuperSaver Exactly. Why are seniors more "fixed income" than most people working? Many working people under 60 are in jobs where their income is fixed or whose income is, in all practicality going backwards because some employers do not give regular raises.

[@GrannyLinn]

😂😂 I got a $20 a month raise.

[@amyschaefer1140]

Good topic! I feel bad for some of my retired friends still spending like they are working. Not saving anything and getting further and further into debt. They will never be able to get out of debt. ❤

[@cjhoward409]

I’ll keep buying good used cars. Because once you start financing everything, you start spinning out of control. It’s not worth it ! We maintain our vehicles as best we can. I’m glad I saved an “old” little 4 cup coffee maker. I convinced my hubby to bring it to work and make his own coffee. He was buying a cold coffee 3-4 nights a week at work. $3.50 each time. That really adds up. And I’ve finally got him to see the big picture. Like you said before Dawn, it’s death by a thousand cuts. 12 years ago my hubby and I made together $100,000 a year. Most of our money was going to mortgage and property taxes. We were paying $900 a MONTH just in taxes. We moved out of Illinois and out to the country in Kentucky. It was worth it !

[@larmstrong2302]

I would always be amazed when someone would walk into the Credit Union wanting to buy a truck that was priced over $100K! A car to me is something that takes you from A to B. My car is nice, but older, a 2016 Chevy Malibu, with 67K miles. I bought it used about 5 years ago for 11K with less than 20K miles. New cars are a rip-off and a bad investment. They lose a lot of value just driving them off the lot. I like gently used too! 😊

[@thegardentillerboy1244]

@@larmstrong2302 Absolutely agree! I've seen people spend more for a vehicle than for the house they live in!

[@Pope-A-Dope]

I’m old school. I like the percolator that goes on top of the gas burner. Very cheap to make piping hot coffee.

[@cjhoward409]

@@larmstrong2302 I’m 58 and never have bought a brand new car.

[@cjhoward409]

@@thegardentillerboy1244 And how shameful that a bank would approve a high priced loan for those that truly can’t afford it

[@nadinestachon3803]

People are broke because they spend on things they want...instead of what they need. Getting in credit card debt is a downward spiral!

[@heatherboggio2180]

that isn't true at all. cost of living is going up faster than wages are. THAT is the problem. Most people can't even afford what they want because they are going into debt just paying the necessities

[@CentsibleLivingWithMoneyMom]

Both if these reasons can be true

[@randomhodgepodge8902]

Rent and utilities, internet, minimal car insurance and very low maintenance, minimal dry goods takes my monthly. Possibly $25-$50 (still haven't looked at the precise figures for this past year) left depending on utility use. If not for food stamps and medicare, I would be in seriously deep fecal matter. If the landlord decides to raise the rent, I'll be in a cracker box or without a car. If car insurance etc goes up too much or if I have a problem with something, the car goes. I have watched seniors living in vans but would rather have the tiniest cracker box and utilities because I just don't think I could handle van/car life with its own huge set of problems.

[@marywright3870]

My goal for 2025 is to not eat out during my lunch break! It can add up quickly!

[@SherlynNeblett]

I think we are going ti get to a point where families are going to have to live together and share expenses

[@CentsibleLivingWithMoneyMom]

I know 2 families doing this

[@Smooshes786]

@@SherlynNeblett and yet somehow people complained where I live when new comers to the area did just that. We live together- 3 generations on a property. I’m learning now from Mum how many times we lived together with Aunts/uncles so they could all raise up as a family. Upstairs/downstair set ups.

[@janesmith5871]

I've been thinking that for years, and looking for it to happen!

[@Ay-B]

I knew lots of families that did that when I was a kid (70s / 80s). They'd live together long enough for each to get on their feet (better job, down payment for a house, etc.). Also, a lot of sitcoms had roommate situations as a setup - Laverne & Shirley, The Odd Couple, Perfect Strangers, My Two Dads, Mork & Mindy. It was common! People don't want to live with a roommate anymore.

[@gotchagee3315]

@@Ay-B No way would I live with a roommate. My house is long paid for, and no way will I deal with the BS of a potentially bad tenant. Getting rid of a bad tenant is so much harder today than it was when those sitcoms were popular.

[@silentnot4812]

I don’t know of any time that a retail job paid enough to keep a family going. Minimum wage is much higher than it has ever been and most “minimum wage” jobs pay more than minimum wage. We were making maybe $30k a year when we bought our house in 1997 for $79k which was a 1920s fixer upper house. Now the younger generations would even look at a house like that. They want all the modern updates. Same for cars. You can buy a brand new Honda Civic for $25k and keep it for many years, but everyone wants a fancy SUV. I saved over my career and I wasn’t making a huge salary. It just took some sacrifices and took being employed. I don’t understand how people cannot save anything.

[@heatherboggio2180]

minimum wage is NOT higher than it has ever been. Is the number higher? yes. HOWEVER the cost of living is EXPONENTIALLY higher also. The rates have not gone up to accommodate the higher cost of living so 10 dollars an hour 10 years ago went a lot farther than 15 or 20 dollars an hour goes today.

[@monikaw1369]

Agree! Parents who tried to keep up with the Jones and now their kids want to keep up with the Jones.

[@penelopeprimrose90]

Minimum wage jobs are not meant to be worked at long term. They are for young people just starting out and as a stepping stone to something better. If you are working a minimum wage job, you must find a way to get better employment.

[@penelopeprimrose90]

In our state minimum wage is $7.25, but my high school aged daughter (with zero job experience) is making $12 an hour. My girls have been paid $15 to $20 an hour for babysitting. I used to make $5 an hour babysitting. My first job out of college I made $25,000 salary. Now, kids are landing jobs making six figures right out of college.

[@sjbutler2330]

Some young people think that they are entitled! They want it NOW, not willing to wait or save! That is not part of their vocabulary!

[@evam.2101]

Credit card debt. Interest. Bank overdraft charges and rising cost of rent and food.

[@Smooshes786]

@@evam.2101 our son was sent a credit card without asking for it. Crazy! (Gone)

[@TeresaS-q7x]

Too many wants in the world, in my parents and grandparents day, money was a tool to survive and if lucky a little left over for emergencies. In today's world, needs seem to be equal with wants - well if you haven't saved the money, wants will kill your budget every time.

[@gymarsh1235]

When my husband and I bought our house 40 years ago for $45,000, my husband earned $20,000 a year. House prices have doubled every 10 years here in Australia and the house is now worth $720,000. If wages did the same thing, my husband would be earning $320,000 a year. The job he was doing 40 years ago for $20,000 now pays about $90,000. Real wages have been declining over 40 years to the point where it would be very hard for us to buy our house now, more than 7 times his income. Unless you own your own your home, you would be finding it very challenging now. I think it's a problem that's not going to be fixed by taking your lunch to work.

[@CentsibleLivingWithMoneyMom]

I totally understand

[@michelleholmes5251]

Well said.

[@Pope-A-Dope]

I saw this coming years ago. My spouse and I bought a tax-foreclosed home and fixed it up over time. We factored in what we would pay rent, and used that “rent” money to buy windows, new A/C, flooring, etc. I bought beater trucks. I paid $1200 for an old truck from a coworker and then had a mechanic put a new motor and overhaul the truck. It was like brand new when everything was done. We stopped using credit cards. Even if you us a credit card and pay it off, it’s easier to rack up a balance without realizing it. Having to count out and use physical cash makes it easier to realize what you are spending. We got rid of nickel and dime subscriptions, and we don’t have cable television. I have an iPad and stream many KZbin shows to the big screen television in the living room.

[@CentsibleLivingWithMoneyMom]

Very smart

[@marshabrown8337]

Wonderful observations. Take care, God bless and adventure on!!

[@CentsibleLivingWithMoneyMom]

Thanks, you too!

[@Chutney1luv]

Dawn, you are absolutely right! There is difanetly a budget problem! A person income should never be lower than their bills! They've got too many bills. Start documenting each bill! It is time to call each utility company for the cold weather rule. You can make payments without late fees. Agee to pay a small portion, til the Spring. Credit cards are due for another lower interest rate soon! No gambling Casinos! The house always wins! 😂🃏🎰 Evan, if you win, you'll give it back! Play cards and games at home! Do window shopping to look at the Christmas designs. There's a lot of free things to do! Don't spend your money!!😅 Try to carpool and don't eat out! Cooking at home is wonderful! Since I'm not no longer buying sweets and goodies, I've saved a lot within the last 7 months! ☝️😁✨️🎄✨️

[@CentsibleLivingWithMoneyMom]

Excellent advice

[@cherylawitherell1800]

Dawn, you are so right. Nailed it

[@janetandrews9030]

Janet Andrews hello from Virginia: Dawn I'd like to give a different perspective on this topic, my son and I were just talking about this issue the other day. First off, he graduated from college 4 years with no student loan debt bought a car paid it off he makes about $59,000 dollars a year however he still stays at home reason: the apartments in our area 1 bedroom 1 bath go for $1,700 $1,800 a month so after he has deductions from federal taxes state taxes ss taxes taking out also medical insurance and putting money toward his Roth IRA he nets about $3,100 a month to get an apartment in a nice area it would be 50% of his income so he's trying to save for a condo it's very difficult for young people as well.

[@sjordan7085]

True, and condos are not known to be good investments when one is basically renting the space. There are also Financial Planners who believe that buying a house is no longer a good investment, considering the cost to maintain and increasing Property Taxes.

[@CentsibleLivingWithMoneyMom]

Excellent comment 👌

[@maria-teresaramirez4639]

Good points MoneyMom👍🏼 I see that happening with some of the young people I know.

[@penelopeprimrose90]

I think people as a whole have gotten away from frugal habits. There are so many choices now for eating out and ordering things online. People see what others are doing on social media and they try to keep up, even if it is subconsciously. We live in a throw away society where nothing is made to last. Technology changes so fast, gotta get the latest phone and gadgets and gizmos. Everyone is running behind the bus trying to catch up.

[@3TXSisters]

I think the major problem is that people aren't willing to curtail their spending. If your salary hasn't risen and everything else has, then you need to cut expenses. It seems that people aren't sacrificing anything to do with their lifestyle. Cable or streaming services aren't a necessity. Eating out isn't necessary. Designer clothes aren't necessary. The latest electronics or games aren't necessary. Don't get me wrong, I enjoy all those things if they're in my budget. Living within your budget is the best feeling. Love to all, Linda 💕

[@CentsibleLivingWithMoneyMom]

Very true

[@jennyeagan1840]

A lot of unnecessary spending is marketing tactics that the stores have spent huge chunks of money for psychological analysis on the customers, so we can spend more money foolishly. Takes experience and discipline not to fall to money traps once each of us steps inside a store.

[@marshaflorom730]

I know about the increased rent! Excessive fees!! Not to mention being priced out of the housing market!!

[@CentsibleLivingWithMoneyMom]

Good point!

[@coffeecupconversations]

The biggest reason I see is that the younger generations are not willing to realize that our situation is no longer prosperous, and they don't reduce, reuse and recycle. They still buy brand new vehicles. They still insist on expensive takeout constantly. They won't reuse or buy glass containers, which are safer and better for you. They will nilly willy quit without a plan or a backup job. They DO love their convenience stuff. And they are happy to go into credit card debt. Great video!

[@pamelasmith514]

You must know my grandkids!

[@kerryjames6312]

Instant gratification

[@CentsibleLivingWithMoneyMom]

True

[@kerryjames6312]

We need an emergency fund

[@danklein8587]

Broke people know how to spend money, they just never figured out how to save money -:)

[@sjordan7085]

Good one!

[@pensacola321]

Stop spending money that you don't have. There.

[@Semi-MinimalistAn]

The saddest thing is seeing people homeless and in need of food. Rent is too high. I've been close, but I haven't been homeless yet.

[@Smooshes786]

@@Semi-MinimalistAn the city next to ours has the government offices- they are moving people from the forest!! Not sure where they feel the problem can go- there is no housing for them yet their meagre “support” checks go there.

[@Semi-MinimalistAn]

@Smooshes786 I wish I were in charge....I'd build a series of tiny one-room apartments so that more people could have a place to live, inside from the elements.

[@Pope-A-Dope]

It is sad, but also frustrating. You see someone homeless, and there they are buying a pack of smokes or a case of beer! A guy in our neighborhood was couch surfing, but was unwilling to give up any of his vices.

[@Smooshes786]

@ maybe they are at an emotional place where that’s all they think they’ve got in life and life showed them that’s so. It’s all so awful. I know of a man who did care giving for both his parents 10 years each in different houses. Ended up without a home because of all the medical bills. Lost everything the family had and his own existence. He turned to those vices and finally someone was able to understand his trauma and he got help.

[@Pope-A-Dope]

@@Smooshes786 well, nobody in the neighborhood felt sorry for him. He chose his path. Another lady in the community started hanging out with the lowlifes and drinking with them across the party store. They would be passed out drunk on an abandoned city lot. About a year later she lost her brand new car by drunk driving and her house got foreclosed on about a year later. Stupid decisions result in stupid consequences. I remember when my spouse and lived in a $500 trailer I bought and ate those $1 Banquet tv dinners because we were flat azz broke! He wanted me to buy him cigarettes. I bought him a bag of loose tobacco and rolling papers for Christmas. We never said poor me or asked others for money. We made do. I never understood why these bleeding hearts feel such empathy for people making dumb life choices.

[@Chnacatsnflr]

In my state, rent increases are capped at no more than 10% /year, but my rent has never increased by that much. My cost of living raises and careful budgeting cover higher housing costs. I can't say the same for home owners; from what I've seen, taxes, insurance, homeowners fees, utilities, ongoing repairs far exceed 10%. When I owned my home every extra dollar (and most of my time) went into the house. Now that I rent, it's so much easier to save and invest, not to mention more time to pursue travel and hobbies.

[@CentsibleLivingWithMoneyMom]

You are blessed that they are capped

[@Chnacatsnflr]

@CentsibleLivingWithMoneyMom Yes. About 17 states have rent control, and other states allow local caps for individual cities.

[@sourdoughdogs7879]

Alaska sez, “ Food, clothing, shelter” these are #1

[@Ru_Ru759]

Is that my Walmart nightgown?! Yes it is. ❤

[@sjordan7085]

LOL I still love it, but I found mine at a Thrift Store, even better!

[@pattycake8272]

It's really hard to say from Individual to individual why they're going broke, but to me what I see let's say around my area would be people spending money on extravagant stuff, like the newest vehicle they have to have a side-by-side (those are the new four wheelers). They definitely are not going to hear the word no, not even for themselves. I live in a town that seams to act like a gated community. Everyone should try to look great and their home too. There are people on the town board that will try to get you in trouble some how if you are starting to look a bit shabby around the house.

[@sjordan7085]

I agree, it is amazing how many new and expensive vehicles one sees, and wonders if they are all financed. I drive a 2005 Toyota Camry LE in excellent condition with low miles. True it doesn't have many whistles, but it is paid for, safe to drive and gets me from A to B, and cost $50 a month for insurance, and minimal for oil changes and rare repairs. I love it, and will probably have it for the rest of my days; with care it will easily go another 250,000 miles, no worries!

[@ritadyer9295]

I think using a debit card and not keeping track is a problem. I still keep a check book.

[@mimom807]

I use a checkbook app on my phone. It's an OCD of mine to always know where I stand in my account

[@joycejackson9315]

Yes. You hit all of it ! Yes people are brike because the over spend on the little things. Never saving for the bigger expenses. Great video.

[@sjordan7085]

You are correct, even $1 items from the Thrift store add up over time.

[@CentsibleLivingWithMoneyMom]

Thank you

[@carol.luna.stella]

My daughter's rent keeps going up, also charges for services in her apartment block, electric heating and cost of petrol (gas). Fuel is much more expensve in the UK due to high taxation.

[@sjordan7085]

Most folk living in the UK have no clue how expensive the cost of living is there. There is a reason why it is called 'Rip Off Britain'!

[@CentsibleLivingWithMoneyMom]

Oh wow

[@traceydufault297]

Great tips today ❤❤

[@CentsibleLivingWithMoneyMom]

Glad you like them!

[@giddythings]

What a cutie-patootie gown, dear Dawn! Love you! 🤩💜🎄

[@sjordan7085]

It sure is, I loved it so much, I had to buy one just like it, from the Thrift Store of course!

[@CentsibleLivingWithMoneyMom]

Love you

[@RuthParsil]

Rent and property utilities going up. My apartment complex has us residents pay a portion of gas,electric trash and water for property. That is on top of the base rent. Also thry charge pet rent for indoor cats.

[@suekaiser4163]

In 2024...most jobs wont /cant pay a living wage.

[@sjordan7085]

There are also able bodied folk who refuse to work. When I didn't earn enough I would take on a second job to make ends meet. That's not so common these days.

[@cindyglass5827]

Dawn ~ I think it'd be totalllly Worth ''going into Debt'' to Buy myself the same Cute & Adorable Nightgown you're wearing !! ; ) Teasing btw re; going into debt ... Thanks 4 another Great Video !! : )

[@giddythings]

@cindyglass5827 Agreed! 🥰

[@sjbutler2330]

P.s, it's not a nightgown.

[@cindyglass5827]

@@giddythings : ) ! tfs

[@CentsibleLivingWithMoneyMom]

I adore you

[@CentsibleLivingWithMoneyMom]

Yes it is

[@laurie5098]

I think everyone's situation is different, but what I have observed where I live is people seem to by tied to their things. Homes, cars, memberships, phones, and it goes on and on. I see a LOT of new large SUVs and Trucks around my town and from my research, the payments are unbelievable.....$1200, $1800 a month! And that is 7 year notes! As long as my husband can continue to do the maintenance on our 2006 Yukon with over 200,000 miles, I will NOT be buying a vehicle. We have two 2001 Buick cars as well that were gifted to us by deceased relatives. My son drives one and my husband drives the other. We may not drive fancy smancy vehicles, but, hey, we have no car payment! Eating out is another one. I don't think some people pay attention how much they are spending on eating out. I just think there are a lot of reasons people are going broke or make a good income but are living paycheck to paycheck.

[@sjordan7085]

Very true! I feel guilty just treating myself to The Wonderful Buffet, very occasionally $14.99 with Senior Discount plus a small tip. I could not make such a variety of food at home for the price, and go there less than once a month.

[@jameserwin3734]

Thanks! My sewer line suddenly collapsed and it cost $20,000 to fix! I had to throw it on a credit card! I am trying to save 20%. Tell me it is ok to use the emergency savings for car, home or medical expenses? My wife is divorcing me after 20 years. Trying to only spend on needs from now on. Never buy what I want from now on.😊

[@juliesatterfield7004]

Yes that's what emergency funds are for ❤

[@pensacola321]

Sounds like a country western song.

[@jameserwin3734]

@@juliesatterfield7004 hi Julie! Thanks!

[@juliesatterfield7004]

No, it's real life.​@@pensacola321

[@juliesatterfield7004]

No it's real life. 😕

[@kasandrabrown8611]

Too many choices on the Internet

[@Shettikka-s9v]

❤❤❤❤ blessings 🙏🏾

[@ayintovah3132]

They are broke because they want instant gratification

[@christines2787]

People are really bad at being okay with delayed gratification. They want something and they want it now. Some things cant wait. Others can. I ripped the seat of my favorite gardening pants open on a rusty nail. I wanted new pants, but I needed a tetanus shot. One was urgent the other just convenient.

[@kerryjames6312]

Rents are high high cost of our hadi g cars on credit overeating eatting out not paying cash not budgetying

[@cindynok]

Income

[@Joce123]

I see people spending money at sub sandwich places because they are too tired to prepare at home..really? Stop whining..make a peanut butter sandwich..sleep..

[@coffeecupconversations]

My retired husband works hard at one of those expensive sub shops. The younger part timers come and go, want to stay on their phone yapping, which is against the rules. Poor work ethic. One was an assistant manager who got fired and begged for her job back (answer was no). My husband is loved, because he will cover for others, and he will FIND something to do when the business slows down. Not the younger generation (most of them). They stand around or get on their phones. When I was their age, I would have been fired on the spot for acting like that. People don't work, and people keep their luxuries.

[@gmh56]

This why you must have a plan for gainful employment-vocational training or college degree--you want to be on a career path that will provide a good income/benefits rather than be stuck in the lower paying J.O.B./no or little benefits for life. Self-discipline, no credit purchases, no instant gratification. Make the good choices that will serve you for life--don't work for the next 50 years with a low income from a J.O.B. If that is what you choose, or have chosen, you must find a way to save or retirement will be a season of great stress and poverty. There's no other way around it.

[@OneIncomeSuperSaver]

We live comfortably on one seasonal income, but we have zero debt are extremely frugal. It’s nice having hubby home 5 months out of the year.

[@ritadyer9295]

Also, I know young folks who alway eat fast food, which is no longer cheap, instead of cooking. They need to learn how to cook and make sandwiches. I love a good bowl of tomato soup. Now the kids and I did go to local pancake house after an orthodontist appt this morning. It’s more affordable than fast food. We all three ate for $20. That was a veggie omelet with two sides for me plus a large (they aren’t stingy) hot chocolate with lots of whipped cream. I also had an iced tea. One kid had two large choc chip pancakes and hot choc. The other kid had French toast with coffee. (Yes. I let my 11 year old drink coffee occasionally!). We have left overs which we will eat for supper. I can’t complain about $20 for all of that food!

[@kerryjames6312]

Creep flation

[@CentsibleLivingWithMoneyMom]

Oh unfortunately