Comments by "H33t3" (@H33t3Speaks) on "Bloomberg Television"
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@nunyabidness3075 I’m very poor but come
from an absurdly wealthy family, easy story to explain: people suck. At any rate, this advice is ringing so true with me.
I’ve lived on benefits for over a decade now, strictly in MA. For a time you could manage your purse and still have some access to niceties afforded the middle class: beach excursions, trips to the fair, an occasional dinner out, car repairs, a weekend trip to the mountains, funding an affordable hobby. It was hard, but it wasn’t pure survival to exist and also have those things while on a fixed income.
Now, all of that is impossible here in Massachusetts. You cannot save your way out of any situation unless you are running a really tight ship, a ship so tight that your last paragraph has sunk it, to be quite honest.
Any time I get it “all together” this state gets more expensive: quarter by quarter, it seems now. There’s always another $400 - $1100 expense somewhere in the monthly statements that can be tied back to the state, somehow.
Usually between inflation at the grocery store and the constant float that is car insurance, we hit that range of $400-$1100 very quickly. So, what have we done as a household?
We literally now, Never eat out. We never go on any unnecessary trip. We walk to a few local destinations. We almost strictly, shop local or order online to externalize delivery costs: for everything. I’m very grateful I can fix my own car, and perform some advanced services on all makes and models: it used to actually help with cashflow issues; now it does not and the reason is deeply alarming but just as illuminating.
The people that can afford car repairs are using that money to just roll into another car loan for a newer vehicle or bare minimum a more economically serviceable car. This is a very bad sign for poor folks. If we don’t leave, we’ll be in real trouble in no time at all.
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