VIDEO ON MSN MONEY
I can't read any more of this drivel.... You're kidding me right? These are the people I'm supposed to feel sorry for? Annual vacations? Ski Trips on a whim? 5 digit credit card debt?
Good God how can people be so blessed with these high incomes and still be so oblivious.
Discussing a budget during a fancy vacation? How about the people who are discussing how they are going to buy groceries and pay utilities the same week. Or how the people who have worked all their lives and now don't have enough money for basic necessities.
These stories are always so "wonderful" and, obviously, about people making far more than most of us. I only read the first page as clear what the rest would be. Lets see "cut out yard maintenance". That's always been me mowing the lawn. "Expensive haircuts", that's the wife cutting my hair. "Clothes shopping"? Now I know amongst the wealthier folks, shopping is a recreational behavior but for the rest of us, it's "aw hell, need a pair of jeans". In good times, it's Walmart. Harder times it's the thrift store. "Gifts"? That stopped long ago.
I'm waiting for a REAL article designed for the masses. Something like "how I saved $500 this yr". I read very little, online, that isn't written by or for the upper 10% of the population.
Who would take financial advice from someone who writes "we were driving to the mountains for a short ski trip over the kids' February break two years ago". Skiing is not a cheap sport and I take offense every time I read an article like this. MSN Money and Yahoo. This article is a joke.
I new the article wasn't for me in the first sentence. People like me can't afford and would never spend the money on any "short trip", let alone that much for gifts.
How much of a finance illiterate do you have to be not to realize that if you can't pay for you annual summer vacations with cash, than you simply skip summer vacations. Same with fancy toys for kids. I cant afford it, they don't have it.
This family is out of touch with the majority of Americans that make an average of 50 K a year. How they can save 10K, no way. Those families can hardly live day by day. If the Bush tax cut go away , and the increase of gas, saving is history.
you would have to have the money to begin with to save it. ...I could have written this article based on my own experience. Let's talk about cutting out your savings to keep above water.Sorry you had to cut out your starbucks, boo hoo. Or better yet let's talk about how to get a refinance when your income has gone below the bank's qualifications for a new loan. I ve got a good story there....the bank does't give a crap!. They'd rather have you living w/o heat food and electric as long as you make your mortgage payment.. Better yet, be in default , risk losing your home and ruin your credit, then maybe you can get help. Why not refi and reduce our payments??? ok blah blah blah...Times are too tough for saving right now. So take it from me, if you have got the money, cut out all the unneccessary crap, save as much as you can. You never know what the future will bring. For example...divorce, injury, loss of job, death of spouse, loss of business, illness and such.
I am feeling kind of disgusted by this article. In the first section she mentions buying an expensive video game system and mountain bike for her kids... they seem like they are old enough to have earned it themselves by doing chores or saving their own money.
My husband and I have a young daughter and we struggle to make ends meet every month even with both of us working full time jobs. This article provides no help. We cut out as much as we can and even have to buy food from the dollar store on occasion until we get our next check. Unfortunately there are a lot of people like me who make higher than poverty level but still live poorly. We make a combined income of $50,000 a year and in the area we live in it may seem like a lot but we hardly have money for gas and bills.
Someone, I really couldn't care less if Buffet works hard for his income, or just sits on his **** collecting it, once that combo reaches a certain "critical mass" it should ALL be taxed at the SAME RATE his secretary (or anyone else's) is taxed.It is equally crazy that oil companies making record high profits get tax welfare.
Or that millionaires and billionaires continue to get tax welfare from everyone else. One thing this recession has proven for all (except those who insist on trying to promote obvious falsehoods, ie, republicans) is that there is ZERO correlation between the rich getting richer and that EVER trickling downward. When they have RECORD HIGH profits, and clearly only "create jobs" elsewhere, then we do indeed need to refigure those tax bills and engage American workers, vets, etc... in public works. The more going into the hands of the haves (which has been going on for OVER a decade now, the worse off the average person is, between the growing deficit in part created by NOT keeping the Clinton tax rates, and engaging in TWO unpaid for wars, well all that has only benefited the 1 percent. And yes, I know how hard Paris Hilton has had it, but I think it is about time that she pays her FAIR SHARE on all that inherited wealth, that she did nothing, except get born, to "earn".
Enough of the nonsense, tax the rich.
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