June 6th, 2011

red panda eating bamboo

It's expensive to be poor


I expected all the comments to be "you deserved it, you shithead," but only the first one was like that. The rest of the first page of comments were pretty sympathetic. I didn't continue past the first page.

ETA: Warning for rape jokes

ETA2: The gist of the 5 things:

5. You Get Charged for Using Your Own Money
(you need a banking account to function, and banks charge fees, especially if you overdraw your account, and it's easy to overdraw your account because you never know when charges are going to be taken out)

4. There is an Industry That Profits by Keeping You Poor
(you might have no choice but to use a payday loan business, which charges usurious interest rates)

3. No Credit Can be Just as Damaging as Bad Credit
(if you have no credit record, you are at risk of being turned down for rental housing, you might need to put down deposits for utilities, you might pay higher interest rates on auto loans or be turned down for auto loans)

2. Your Next Expensive Disaster is Always Around the Corner
(it's hard to save money because "bad shit happens like clockwork. Not because God hates you, but because you're poor and you're using cheap shit that breaks.")

1. You're Always in Survival Mode
(service jobs pay badly and don't offer benefits. it's difficult to make ends meet when you work service jobs)

This entry was originally posted at http://firecat.dreamwidth.org/725176.html, where there are comments.