Quote:
Originally Posted by WarrenC12
I congratulated your savings rate and said you're saving a ton more than your (economic) peers.
|
As a person who came from a big family with one working parent and car, I learned from an early age that money can be saved.
There were nine of us and I can still remember the name of the investment guy who used to come by the house to talk to Mom and Dad.
At work I used to have guys bitch at me about them having to pay tax and I would tell then to buy an RSP and they would say they couldn't afford it (with a smoke in one hand and a Tims in the other).
Here are some of the more needless money wasters: Smokes, booze, recreational drugs, coffee, gambling, fast food, and for a lucky few of us cars and smartphones.
I think it would scare people to know how much they spent on coffee or smokes or fast food in a year. Think that a family pack of hamburger might make 12 burgers, how much would 12 burgers at Rotten Ron's cost?
People's situations differ, I understand, but it can be done. I had a line I used to use on the guys that I learned watching some guys play cards. When he lost a hand one guy would say "Oh well, no milk for Kendra" (his child) I would say that to the guys who were smoking with the Tim's, No milk for (their child). Everyone took it as the joke it was but some brain light bulbs flickered a little bit.