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?
I am one broken leg away from being homeless and losing everything, and it’s been like that my entire working life. I’ve never been able to make enough to actually save. Currently I have -100 in the bank and some debt I’m trying to pay off on top of that. My rent is literally half my income.