When you?re fighting
When you?re fighting to keep your children fed and to pay the rent on time, it?s difficult to conceive of how you can possibly invest any of your much-needed income for the future. Even the most frugal of working-class families find their resources stretched to the limit ? everything that they need and buy costs the same as it does for people with higher incomes, so everything from gasoline to food to home appliances takes a much larger chunk, percentage-wise, out of their net income.
Can spending habits among lower income households be improved, though? Absolutely. As with middle-income people, there?s often a belief that they ?need? certain items to fit in as average Americans ? so they buy cars at high interest rates, video game systems for the kids, microwave ovens and brand name sneakers, leaving no money left over for savings.
The biggest difference between the wealthy and the not-wealthy is, it turns out, how tight they are with their money ? the rich are better savers.
home distillation unit