No. of Recommendations: 11
People living paycheck to paycheck without wasting money, which is what is being talked about here, can't save for the future, retirement or otherwise.

I take public transit to and from work. My sense of the people I see riding with me as we pass a local university most mornings is that quite a number of them have made deliberate choices to spend money on what I would consider frivolous consumerist items. I suspect further that I make more than most of them, have much less consumer debt than them, yet my jeans, shoes, and cellphone are older and cheaper, I do not have cable television or home internet access, and I don't buy a famous coffeeshop chain overpriced breakfast most mornings. If I have extra money in my pocket, it's because of the choices I made not to spend it. This has been true for as long as I've earned a wage, and I guarantee you it was only in recent years that my income level would be consider anything better than "poor".

Show me a person living paycheck to paycheck, and I'll show you at least one way they waste their money. I do myself, but I do it deliberately and with full knowledge that I'm doing it, every time. Intelligence, heritage, education is no excuse- being financially savvy is as much a survival instinct as knowing not to walk in the bad part of town after dark.

Just my opinion, of course.
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