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Author: PolymerMom Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 457857  
Subject: Re: Budget exercise: Broke on $50K/yr. Date: 3/2/2013 3:50 PM
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A car payment? DSL is a necessary expense? $50 a month for clothing? I think the article makes its point but it also reveals how far away we've moved from what we *need* to what we *want*.

Yes, a car payment is a necessity. The person(s) working need to get to work. The car payment is probably for a used car that they bought and didn't have the cash for.

Yes, DSL - especially if they have school age children. When my boys were in middle school/high school their teachers posted assignments on the school's website and expected the kids to do web research. They even e-mailed their papers to the teacher.

The $50/month for clothing quite likely isn't spent each month. Sure, they can go to thrift stores, if they have transportation, but it still costs money. $600/year isn't really a lot to clothe a family of four. Kids grow!

When kids hit their growth spurt it seemed like it was impossible to keep them in clothes that fit. When each of my two boys hit 13 they had new clothes for the beginning of school, because they'd outgrown last year's. By Christmas they'd outgrown the fall clothes and got new clothes for presents. I told my younger son that he had to wear shorts all year when he turned 13, but I relented when winter came<g>.

It's really easy to point out how people can scrape by when we scrutinize their budget. Try putting yourself in their place and it won't seem so easy.

PM
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