"Its literally impossible to save money when you're poor"

[Piffiztheanswer]

Gotta group up like dem asians n mexicans. They gwop up heavy cause everyone contributes

 

[FreddyCalhoun]

Anything is possible, you need some income but anyone can start small

You do know what poor is right. $18,000 with 3 kids. this is damn near impossible. Especial if you get sick are you get into a emergency.

 

[FreddyCalhoun]

Lies, I was making 10.50/ hour with expenses of $1200 a month. Know what I did? Went and got a 2nd job and saved up a lot of racks over a two year period. My pops told me I'm a black man so I don't have time to fukk around and complain like a bytch.

to your pops...

 

[QuavoFlow]

Hopefully no one does that to your daughter.

Spoiler

don't take 90% of my posts seriously

 

[the cac mamba]

fukk off i didn't go to school and grab a degree just so the schmuck at mcdonalds can make almost the same pay as me

be mad at the wrong people, brehs

 

[Silkk]

People pay tithes every pay period. It's just 10%. I used that same concept of paying myself 10%. A self-tax.

Pay yourself first. Then pay your bills. Whatever is left is spending money. The hard part is not dipping into your savings.

People will go broke to pay them tithes

 

[Maschine_Man]

You do know what poor is right. $18,000 with 3 kids. this is damn near impossible. Especial if you get sick are you get into a emergency.

can't really feel sorry for ppl that make bad decisions

can't use those types of ppl as examples of why the system isn't working though.

 

[Aceofspades404]

.

 

[EndDomination]

My mom raised 2 kids while making less than 18000 a year. She has several thousands saved

It's all about sacrifice

What year was this, and what did she sacrifice, a house?
I need to know the details of this, because something isn't adding up.
Was she honestly paying rent, utilities, food, clothing, transportation/gas, health and insurance fees, while simultaneously avoiding having to pay for random repairs, funerals, chronic medical conditions not covered by insurance, avoiding injury that would cut into her income stream, and no late fees?

 

[EndDomination]

That's wrong though. You can save when you are poor. It's really quite easy.

Care to explain?

 

[Supercoolmayo]

Lots of Republican rhetoric here

Hard to pull yourself up by your bootstraps when you ain't got no boots

I swear the coli would be republicans if the GOP wasn't full of racists

 

[Reginald Noble]

Anything is possible, you need some income but anyone can start small

This is fallacious because it assumes you will have increasing funds as time goes by. Most poor are stuck in dead end jobs with flat wages and no bonus.

In reality that person will only save $52 for the year which effectively buys nothing. To me $52 isn't breaking the bank. But then again I earn 4400 a month after taxes and shyt. To a broke person making 1200 a month after taxes and shyt (talking disposable income) after rent and other essentials, $50 is a LOT of money. I've been there so I know.

Think about it. the lowest phone bill via virgin mobile or other prepaid is like $40 a month. For me I'm like cool. For me 4 years ago - My phone bill was a considerable expense.

It's all relative. But I would still suggest young broke professionals try and associate with people with large amounts of disposable income. Network, and improve you career prospects and move in their circles. They will bless you with knowledge as long as you show you are willing and eager to learn.

 

[Reginald Noble]

can't really feel sorry for ppl that make bad decisions

can't use those types of ppl as examples of why the system isn't working though.

Right but these people are the norm in America. Slowly changing, but they Fed still uses these ridiculous benchmarks on what feeds a family of 4-5 based on 1970's standards of living. I'm like nikka life hasn't been like that since my parents were just born in that era.

 

[EndDomination]

I'm sure no one asked it yet, but what exactly happens with a year of savings?
So you miraculously save $1000.
Then what? You can't buy a house or a car with that. The money may act as a barrier in case you hit a hard spot, but it's not saving you from poverty.

 

[EndDomination]

You save up $1,000. That's 4-5 IT certifications right there, each test like $200.

You save up $1,000-$3,000. That's a CDL right there. Or you go drive for a company for a year and they'll train you, give you a CDL for free.

You can go to community college. Pay as you go or get grants. Get an Associate's. Transfer to your state university. Get your Bachelor's. Easy. Done in 4-5 years.

shyt nikka, you can drive Uber. Make $800 a week. Stack money and get trained in something more long term.

You can get into HVAC, Welding, Plumbing, Electrician work.

Teach yourself how to program.

Develop a marketable skill and do freelancing.

Start a business. You broke. You don't have anything to lose anyway.

It's a million ways.

This is assuming you don't have kids, a full-time + part time job, not taking care of a spouse or a relative, not suffering from chronic medical conditions, have a car, and have lots of free-time.
That's not a very large chunk of poor people in the US.
Your advice is great for a single young person who fits the above criteria.