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How are you doing financially? (lemm.ee)

submitted 2 months ago by ContrarianTrail@lemm.ee to c/asklemmy@lemmy.world

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I read that half of Americans couldn’t cover an unexpected $1,000 expense. This sounds crazy to me. I understand that poverty exists, but the idea that an adult with a job doesn’t even have that amount saved up seems really strange.

What’s your relationship or philosophy with money? What do you credit for your financial success, or alternatively, what do you blame for your failures?

For the extra brave ones: how much savings do you have, and what are you planning to do with them?

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[-] kabukimeow@lemmy.world 2 points 2 months ago

I get job contracts for a few months at a time. Sometimes there are months when I'm unemployed, and those are hard on my savings. I used to do just fine, but this year has been very difficult and my normal savings are pretty much gone. (I still got some in funds/investments though.) So basically, I had a buffer but I had to use it, and now I have nothing. I guess it's because of the rise in prices? I don't "waste" money on frivolous things like I might have in the past, but it's only getting more and more difficult. Add to this student loans. I wouldn't have €1000 to spare for an unexpected expense. I am really angry at society, to be honest. If the job market wasn't so ass, I wouldn't have to deal with these short contracts.

this post was submitted on 10 Oct 2024

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