Submitted by [deleted] t3_zvg5h4 in personalfinance
ElysiumSprouts t1_j1p2hbi wrote
Reply to comment by JordanRPE in Assess our situation—are we behind? by [deleted]
There is no relationship between income and financial literacy. For instance "Keeping up with the Joneses" really can mess up a budget as can status symbol spending. Much better to simply not care what other people think, drive an economy car, keep the dated interior design, etc etc etc.
JordanRPE t1_j1rfcxo wrote
That is so true. Thank you for pointing that out. For me that is an unbelievable amount of money. Raised 5 kids on 65k a year (my choise, well, my wife's too) I work now with ynab, youneedabudget.com, excellent program.
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