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TzarKazm t1_jb2sc2v wrote

She says "I have a live for now attitude I guess ". That's kind of how you get to 66 and have no savings.

I know way too many people with no plan for retirement, but they drive new cars, take expensive vacations, and just don't worry about the future. Living like that would stress me out.

I actually have a friend who got laid off and got a severance. They decided the best thing to do with that money is to take the kids on a trip to Japan because "they would probably never see that much money again".

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[deleted] t1_jb3iyto wrote

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TzarKazm t1_jb4hn9l wrote

They are very nice people, both have degrees, but have a weird relationship with money. They both grew up poor, so they feel like the best plan for money is to spend it fast before it runs out. It sounds crazy because it is, but people don't always really "get" the concept of saving money.

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[deleted] t1_jb6hrwt wrote

As someone that grew up poor and is now doing well, I can relate to this mentality to a degree. The opportunity to do something big doesn't come often. You could save it for a rainy day or emergency but by then you might be too old to enjoy the money... or some big expense will wipe it out and you just keep slogging.

I save money for retirement and have an emergency fund but I also spend my money too. I know some people that cannot bring themselves to spend any resources because "what if....". To the point where they could definitely afford something that would make their lives easier but refuse to do it be a use they might need that money for something else later on. So, they don't live their life out of fear of needing money for things that rarely materialize if ever. As though it's morraly wrong to spend money on anything that would bring enjoyment or entertainment because that's "wasteful".

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