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Originally Posted by koop
Im not sure what you are arguing here. Are you really saying there arent good financial habits someone earning a low wage can have?
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I’m not saying that at all.
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Paying off your credit card every month is "bad advice"?
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It’s great advice, it’s just not practical for some scenarios.
Imagine a minimum wage earner on a fixed budget who gets sick and not only misses time from work without sick days to cover their lost wages but also has to pay out of pocket for medications to treat their illness because they don’t have coverage, you can even throw in the potential for an expensive ambulance bill. They are likely put in a position where they have to choose between eviction or putting some bills on a credit card that they know full well they may not be able to pay off. How would you suggest they pay it off when they have no disposable income to do so and no means to increase their income?