*OK, there are some special exceptions out there like minimum wage workers with a family of 4 to feed… but generally speaking…*
You know what makes me really angry about my friends?
That they keep whining that they have no cash. I guess I’m just frustrated, but I feel like saying to them: LOOK! Families of 4 or 5 can survive on much less than what you’re making, but they just make priorities in life. You have money, you just don’t spend it well.
Take my friend B for example. She whines that she never gets to go anywhere, or do anything fun because she doesn’t have the cash for it since she’s paying down her student debt and her credit card debt.
Then she whips out her credit card in a shopping binge and goes to Holt Renfrew to pick up some small, but luxuriously expensive items like a new MAC eyeliner, or something under the $300 range, but she doesn’t actually buy what she wants – she buys a substitute.
Then she feels good, and has fun with the item… but then the vicious cycle repeats and she starts whining that she never has any money to buy the latest Balenciaga or Marc Jacobs purse that she’s been pining after ever since she saw it in Vogue.
When I ask her about what her plans are for retirement or savings, she gives me a look like I’m crazy for even mentioning retirement at our age. She figures she’ll marry someone rich and he’ll love her so much that he’ll take care of all her money issues.
Ladies, there is NO Prince Charming coming!!!!
And even if you do get someone like that, I hate to say it but 50% of marriages end in d-i-v-o-r-c-e, so you still better get your financial act together and figure out what’s going on.