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Esther Mukumbo is a mom from South Africa, trying to find her way toward financial independence. She has over 10 years of experience in Development Finance and Banking and is a director at a black women-owned investment company she co-founded called Malkia Invest.

While trying to achieve her goals, Esther also regularly posts on social media and one of her latest tweets has gone viral. In it, the woman asked everyone to share their most controversial takes on personal finance, and people happily obliged.

This prompted an interesting discussion on money, a subject many often avoid in the real world, fearing making a fool of themselves or saying something that would trigger those around them. Yay the internet!

Image credits: EMukumbo

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D. Pitbull
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

HA!!! HERE IT IS!!! The Terry Pratchett Sam Vimes Boots theory I mentioned before!

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However, let's challenge this thread from a different perspective. Not because it's inherently wrong—it might allow us to get a better understanding of what these people are talking about. As Kristin Wong pointed out in The New York Times, traditional personal finance advice is often tossed around in blanket statements. While there's nothing wrong with the actual advice in theory, the way we deal with money in reality is often much more nuanced.

Consumer spending is increasing and unemployment rates have fallen, but wage growth has been slow, and income inequality is still very much a problem. With the situation changing so fast and drastically, what can we actually do about money?

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Rabbit Carrot
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1 year ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

How is this controversial? They absolutely should not exist. You don’t become a billionaire by paying people fair wages and a fair amount of tax. You become one by playing the system and cheating people out a liveable wage.

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D. Pitbull
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

This is true. Terry Pratchett's Sam Vimes had a GREAT little commentary on that.... too darn true.

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"I'm interested in the causes and consequences of inequality, particularly from a labor market perspective," Kate Bahn, director of labor market policy and an economist at the research organization Washington Center for Equitable Growth, told Wong. Dr. Bahn argued there's not enough emphasis on the larger structural barriers that make people's financial lives difficult. Personal finance might sometimes even further de-emphasize these barriers, she said.

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There is, for example, a concept called labor monopsony, which is what happens when a single hiring entity gains control over the workforce.

"So employers will take advantage and pay workers less because there's nowhere else to go," Dr. Bahn said. "It's geographically remote areas where there may be only one big employer, and there's no other company to work for, so that company can pay whatever they want because workers can’t say, 'Screw this,' and go somewhere else."

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Troux
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

YES to #2. "Start your own business" is advice that gets abused just as much as "Go to college." It's not for everyone, folks.

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Andy Acceber
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Or better yet: Don't police how other people spend their money. Unless they ask you directly, it's literally none of your business. How would you like it if people commented and judged you on your purchases? Don't do it to others.

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Swan
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I had very good grades at school where's he money they promised my I'd have if I worked hard? did I work hard for nothing? Do you just have to know rich people and they give you jobs... or not FILLON RENDS L'ARGENT!

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Wilko Lunenburg
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Get rid of religion, it is only about control and money. Controlling YOU and YOUR money.

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Dr. Bahn's argument is that personal finance is necessary, but not quite sufficient. It's put forth as a solution when what we really need is policy, she said, and places priority on personal choice over issues that are ultimately out of most people's control.

But there are still plenty of folks who think that personal finance remains helpful because it is a way to share information that many are discouraged from seeking. "People have criticized financial education, saying it doesn't work because people are still making mistakes," Billy Hensley, president and CEO at a private nonprofit, National Endowment for Financial Education, also told Wong. "Education can't help access jobs, but it can help people navigate the system as it exists."

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Andy Acceber
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

You also can't buy in bulk, transport far for savings, or afford an annual subscription for discount stores or Prime.

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D. Pitbull
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

In... the USA... yes. I remember well the incredulous conversation I had when I was in my early 20s with an American friend. I laughed and asked him something like 'Ha ha.. yeah, sure, so what happens if you break your leg on vacation?" and he said "I dunno... pray... and beg?" - then I realized he was serious. And... the conversation got worse from there... it took me a WHILE to truly accept he wasn't exaggerating.

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Linda Lee
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Yes! The highest earner's compensation should not be more than x% of the lowest wage employee. This should apply to every company!

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chaotic legal
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Affordable BIRTH CONTROL! Affordable RAISING A CHILD! People yell at abortion but that's not the problem, society is!

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Amy S
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I need to add - don't judge people who struggle financially just for having children because circumstances can change. For example my mother could afford her children when we were born but my father passed away unexpectedly very young and everything was a struggle from then on. She was judged very harshly for being a poor single mother.

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LagoonaBlueColleen
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Yeah it's like people think children are that expendable that once you fall onto hard times you have to give them up. I also don't understand why, at the point, people mention "abortions exist". Um... like that would be murder now that the kids are born and alive. I would argue what they would do when they get into a financial jam. I'm sure they would be hitting people up for money and doing what they can to survive, and getting snide remarks, too.

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Biofish23
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

This is just another way of saying only the rich should be allowed to have children. I don't think it's right to make children suffer in poverty. Instead I would much rather see societal solutions that guarantee EVERY child is entitled to the basics like a good education, healthcare, and ample nutritious food.

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Eat Dirt Crow
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Entitled, but made aware that it's not forever. These children will become adults and those adults will feel like they're being forced off a cliff when they're no longer eligible for those benefits.

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Lady Goldberry
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

This one is Bs. People live to their means. If we all waited until we could afford to have children, nobody would have any. People also have vastly different ideas of what affordability means. I can't afford to send my children to university, they need have student loans. Does that mean I shouldn't have had any? Also, circumstances change. People who say this s**t are sanctimonious idiots.

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Random Panda
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1 year ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I fully agree. This is just another way to say only rich people should have kids. We should be trying to find solutions which guarantee every child would be provided the basics, not searching for ways to suck all the joy out of poor people's lives.

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Pete from Cali. USA
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I'm generally okay with a poor couple having one or two children but when they can barely afford the one or two and keep saying that they want a huge family, I think a line has to be drawn at some point. Finances should be a consideration when thinking about kids because kids WILL cost money.

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Lou Cam
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

But what if you could "fully" afford children but then the other parents walks out on you, or your employer closes down or you become chronically ill, and an no longer "fully" afford to have children. I put the "fully" into quotation marks here because no one knows how much any particular child will cost in it's lifetime. For instance a child becomes sick or is born disabled, a child that needs additional support in education that schools won't provide or requires a special diet that is expensive. No one can know what is going to happen after pregnancy is discovered. I was pregnant when the 2008 crash happened and I worked in finance. I then went on to to develop a chronic illness all after I had children. Luckily my partner is still here, we struggle but just above the threshold for financial help. We don't need people tutting and judging us for our struggles, thank you.

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Monday
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Yeah that's the issue. You might have your kids when you could totally cover all their needs easily, and then you lose your job. Or you get hit by a bus. Or a bloody pandemic screws up the economy. Just because someone can't "fully" afford their children now doesn't mean they didn't plan well when they actually had the kids in the first place.

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Nia Loves Art
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

How do you predict that? Every child has different needs. Some have complex medical problems that cost millions in their first year of life. Parents die, get divorced, or lose their jobs. Recessions and inflation happen.

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Chris Maycock
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

You can shove this idea up the sunny hole! That's the opinion of someone who is absorbed by their own sense of social standing. So poor people can't have kids. No sod that neuter the rich and privileged and take all the wealth back so we can all afford to pay our bills.

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Dragonmonkey17
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Birth control doesn't always work! I was on birth control when I found out that I was pregnant with my son. I made the choice to keep the pregnancy (I have always been a staunch Pro-choice) and I made the right choice for my family. I can't say it's been financially easy but I definitely don't think people who aren't well off should be told they shouldn't have kids if they want them. That's classism. I and many others would have had an easier time raising families if the minimum wage wasn't $7.50 since 2006. Shame the corporate overlords not the working poor who are just trying to live their lives.

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Ally MacMann
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Young people are considerably worse off now than they were a generation ago and having even an apartment that most would consider large enough for children is out of reach for many. Depending on what you define as being able to afford kids, if people took the advice we might find the birth rate plummet.

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Christine Kuhn
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

This is the financial counterpart to "what was she wearing?" correct stance would be: don't accept, let alone defend, a society in which having children is a financial death sentence.

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Mika N
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

You know, you can be raised by a poor but loving and supportive family and have a really good childhood and life, and you can also be raised by wealthy but harsh or distant parents and have a difficult childhood (or vice versa). I'm glad my parents' financial status didn't determine the merit of my having existed.

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Eb
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Not sure I agree. Only well off people should have children?

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Debbie Burton
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

If you wait until you can afford children then nobody would have them.... and society will fall apart in a generation or 2

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Morgan Futura
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Yeah well, I did NOT mean to have twins they just kinda came out. So I could afford one, got a second tossed in without my consent. Should I have just drowned one? Give one of my babies away? This one is stupid IMO

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Lisa Intally
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Many of these children are born to people who could once afford them until they got downsized or dad died or left them with no child support. Almost half of families are now headed by single moms who are discriminated against for being women, then for being moms. Employers HATE moms because they know the kids come first before the needs of the employers. So, until moms get paid fairly, kids will continue to live in poverty.

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S. Mi
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1 year ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

We need to stop treating children as a personal luxury. They are a societal necessity and, as such, we should support their parents. I'm not talking about giving in to those parents who hassle people online to give them things or their child's Christmas will be ruined. But I am talking about a society that recognizes that parents are literally creating our future and supports them to do the best they can. Financial supports, increased time to care for them and extra supports for stressful situations actually benefit us all.

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Jeanne d'Arc
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

People should be able to have kids. That’s the whole point of society. If 40 hrs per household can’t support a couple and the kids they want to have, we’ve gone off the rails. Because we were able to do that in the past. Where’s all the benefits of increased technology? We should be able to support a family with 30 hrs per household, not 80.

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Jo Iverson
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Yeah cuz crap doesn't go down on a regular basis in all our lives. Maybe you could afford them, then Katrina happens and your whole world is gone. You must be so proud of your compassion.

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Catherine Spencer-Mills
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Years ago a co-worker described what happened to her family. She had 4 children, her husband had a very good job and they were buying their house. Then he was killed in a car accident on the way home one evening. She had to sell the house, move back in with her parents, and go back to school. Took years to recover. Sh!t happens, it may happen to anyone.

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Immortal Emperor Paradox
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I commented the same thing a few days ago and was brutally downvoted. I just don't understand BP visitors. I mean, there's a level to hypocrisy.

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Vera1
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I'm not sure I agree with this. Having children should not be just for the rich. Society should do its part by having free child care, helping people pay for their children as we do in Europe, higher wages, free education etc. If people cannot afford to raise children, that is because society has failed them (the children, that is) .

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RP
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

This is a difficult one because your financial situation might change extremely after you have had children (health, economy, pandemics, wars etc etc) in ways that you could not have anticipated. Also, perhaps you have children before you are in the middle of your careers, because that is what makes most sense for long-term planning, but then your career does not go as planned, policy change, the market changes etc. etc. You simply cannot predict everything that will happen over the plan of time that it takes to raise children. Please save a little grace for parents

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Eat Dirt Crow
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

A better way to phrase this is to completely understand how much something costs before you jump into it. Weather it's buying a car, house or being a parent most people seem to not understand the associated costs with their decisions. Not saying don't do these things, just go into them understanding what it costs. Sometimes that cost is not just money, mental health and your time will be put under heavy loads as well.

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Mark Alibozek
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Rape and accidents when being safe still happen. The first unfortunately happens way too much even in what we call an advanced society.

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Elisa
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1 week ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

OK, could you please give me the exact maximum amount a child costs monthly now, 5, 10, and 17 years from now plus prediction of my and my spouse's employment status and salary 5, 10, and 17 years from now, and I will calculate. :D

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Maggie Dinzler Shaw
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

You never know, however, if things change and you will no longer be able to afford them.

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Salty Wild Hair
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Has anyone come up with a realistic budget that one would need to cover for having a child in their life?

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Eva Sawyer
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I disagree with this somewhat - as another post on this list states most people are one bad accident or medical bill from disaster. I have six children which I never had a problem affording until the youngest was almost 10 - when my husband became disabled and I was the bread winner.... until an accident kept me off my feet for two months. HOWEVER - there are a bunch of people that I know that pop kids out just to collect more benefits.

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Catherine Spencer-Mills
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Unpredictable sh!t happens. A co-worker told me she had 4 kids, her husband had a great job, and they were buying a house. Then he was killed in a car accident on the way home. She had to sell the house, move back in with her parents and go back to school. It took years to get back on her feet.

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Alma Muminovic
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Why do people say this like only the rich deserve to procreate? If you can’t afford to have a kid then the world your living in is f****d up and needs to change. The solution is not to not have kids. It’s to fix the wealth gap.

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Casey McAlister
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1 year ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Yes! Sure, s**t happens and you may lose everything AFTER you had children,but if you are giving birth to them knowing that you can't afford them - it's incredibly selfish. Your children didn't sign up for those shitty living conditions you are dragging them into.

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Jeff Driver
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

You mean kids aren't born with a loaf of bread under their arms?

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Jamie Edwards
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Had a kid I could afford... then someone got sick or died... YOU DON'T KNOW THE STORY.

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El Dee
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Birth control in my country is completely free. People still have big families though and sometimes struggle. This is much less common than before..

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RafCo
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I don't think people realize how expensive kids are. They think it's like paying for one extra person. NO. Childcare is the cost of a college tuition. Kids are sick all the time. They will miss school, and you'll need to stay home. They need to go to the doctor a lot. They eat SO MUCH FOOD. Everything is a subscription now.

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Patti Vance
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

the truth of this statement also relies on the availability of affordable birth control and...dare i say it?....abortion. because not all birth is reliable. also, even if in a position at time of conception to afford children does not mean that situation will continue. it's called life and it sometimes has a way of going awry.

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Mama Penguin
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1 year ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Absolutely. Children cost enormous amount of money, time, and energy. If you are not financially secure enough to have them, then don't. My husband and I choose not to have kids for various reasons but cost is one them.

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PandaRave
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Not sure why you’re downvoted. 5 is like the maximum for upper middle class parents who can both pay for both their well-being and have enough time to spend time with them. It’s not quirky to have seven kids. It’s just a recipe for neglect and forcing the older kids to babysit their childhoods away

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Mazer
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1 year ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Ahhhh reminds me of Beethoven’s birth story vs abortion arguments

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Susan Atkinson
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

My son and dil have informed us that we will never become Grandparents

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PandaRave
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I can’t believe the audacity of some selfish parents. They bring their kids into a world where bills are unpaid, food isn’t always on the table, and their parents are at work 24/7 trying to make up for their dumbass mistake. This is what I don’t get about anti abortion activists. The children aren’t benefiting off of being born

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Isatdab
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Not true by a long shot. The number you quote includes mis-timed pregnancies. (Earlier than desired) Truly unplanned is a much much lower number

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Christopher Sullivan
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1 year ago

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This is absolutely true I'm a 38 year old man without children and it really pisses me off that I have to pay more taxes than people with kids. Why is it my responsibility to help pay for other people's kids. I should pay less in tax not more. Gotta love being punished for being smart and responsible

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Kimi Tomminello
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

When you're retired and those kids are paying your bills knowing full well they won't be benefiting from the same social security network you are because people like you destroyed it I hope you feel rectified. Most truly responsible and smart people understand the value of keeping society running outside of their own benefit. I'm retired and not on social security yet as I'm not old enough yet. I have to pay taxes on my retirement income because it's from investments/ passive income. I'm not bitter because I understand by paying my fair share I'm ensuring my community raises the quality of living for all around me making crime less likely to happen and therefore keeping my quality of life where I'm at. Have you thought of reading through the budgets of the city/ state you live in and actually understanding where your tax dollars are going? It's pretty interesting stuff.

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Caeli Norfoe
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1 year ago

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Our population is in for a sad decline because of this; most people can afford to take care of more children than they plan on; if they unselfishly prioritize their money.

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abby smink
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

That fine, really. There's already more children than there are homes to care for them and the world is going to s**t.

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But when you think about it, how do you even measure the effectiveness of personal finance? After all, so much of it is... personal.

Rachel Schneider, a researcher and co-author of The Financial Diaries: How American Families Cope in a World of Uncertainty, tried to look at how people handle money in the real world. She and her co-author, Jonathan Morduch, a researcher and professor at N.Y.U., worked with over 200 families for a year, gathering information on every dollar that went in and out of their homes.

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Sue User
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Our job offered " free 30 talk with a financial planner" He determined that I would have to put 1800 a month towards retirement to make the magical 1 million mark. That would have left me with $800 a month to live. And why do i need a million if i am living off 45,000 a year now ?

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Shane S
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

It’s also totally fine to keep finances separate. Have one shared account for joint household bills, but then separate accounts for your fun money and personal expenses.

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LagoonaBlueColleen
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

True. Very true. We don't own a car. There was a time we had to take the bus home from a big grocery haul. It was cheaper to get a ton of food all at once than spend bus/cab fare multiple times. So I'd be waddling down the block from the bus stop carrying 6 bags on each hand. Sometimes having to go back and forth up and down the block lol. Laundry day meant gathering up 3 large bags, putting them on the wagon and walking it all down to the laundromat. There was no car to just drive the kid to school. Rain, sun, ice and snow we had to walk her there and back, sometimes using the wagon or sled. Cleaning meant actually scrubbing and dusting, not using all that fancy stuff. We had slumlords so we had to do a lot of repairs ourselves or wait until a cheap, careless contractor came to do a temporary patch job. I was in way better shape back then than I am now lol.

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"A huge finding was the level of volatility people experience in their financial lives over the course of a year," Ms. Schneider explained.

Although she expected to find income volatility year to year, she was surprised to see how widely income varied within the year, too. A subject could be above the poverty line for the year overall, but that same person could fall below the poverty line in any given month.

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Karen K
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

When my mother was in her late eighties, I told her that she could stop saving for her old age. She blinked and started laughing because she realized that she was, in her mind, still doing so. I miss her every day.

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LagoonaBlueColleen
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

My mom has a serious problem with this. She's super finicky about interior/exterior appearances and every boyfriend she's moved in with, she's "helped" with redecorating and renovating. Each time I just shake my head and roll my eyes when she's not looking. Keep telling her to just stop and stop moving in with men just because she doesn't feel comfortable being a "single woman living on her own".

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LagoonaBlueColleen
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

This is a personal matter between the family. There are some well-to-do parents who have no problems kicking their 18 year old to the curb without anything to survive on. And then there are the other parents, regardless of how well-off or not, who know how hard it is for the single, young folk to get by on their own and are okay with letting them remain at home to save money. It's no one else's business. You do you, people. If you're okay with your kids living at home, then that's you're business. If you want to kick them out of the nest, that's you're business.

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"This has a huge impact on how people deal with money," Schneider said. "The economy has been growing and the unemployment rate is relatively low and declining, yet we’re not seeing that growth and prosperity getting distributed down to the bottom."

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While Schneider agreed that financial education is necessary and can be useful, she also worried that overemphasizing it as a solution to financial challenges shifts responsibility away from our economy's major players (like banks that offer subprime predatory loans or companies that take advantage of workers).

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Swan
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

yes some poor children are smart but we never get to grow our smartness meet other people study be given opportunity we just stay there in the bled.. I mean.. it's a waste ; and I hate waste; us, poor people, do

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Chucky Cheezburger
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Unless you have been in those shoes, you can't know how to advise someone on living in them.

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Amy S
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I get frustrated at people saying it's inexpensive to cook healthy stews with cheaper cuts of meat and veg. The ingredients might be less expensive but having the oven on for 2 hours is more than many can afford where I live.

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ChimeraBubbles
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Disability benefits are there to cover the extra costs associated with having a disability/being disabled. Do you have to keep the heating on 3/4 of the year because of kidney failure, because there's a cost to that. Do you have to eat food without certain niche ingredients and therefore spend additional money covering the cost of that. I spend additional money each month on petrol so I can get to places because the bus isn't suitable. Disabilities cost more.

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One thing that both proponents and critics of financial education seem to find common ground on, however, is that if we're going to help people navigate the current system, the way we talk about money has to evolve.

Financial education should not be telling a person to do this and in this exact way or you’re a failure. We need to humanize the topic and try to acknowledge the individual.

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You cant stop the truth
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Anyway saving is a myth, that is NOT how rich people get rich. Source: I am in the 1% in my country, own 3 cars, paying off two properties, have two servants, private schooling, etc. How did I do it? Sheer luck, and playing the stock market with spare cash.

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Shane S
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Not having a car payment ROCKS! I’ll drive mine until the wheels fall off or it’s no longer economically sound to keep it

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Deb M.F.
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

been hearing that poor people need to work harder to have better things. If we don't work harder we don't deserve nice things. I work hard yet things don't get better..at my age I don't think they ever will

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Lesley Shore
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Ex-Credit Union manager here. If you're married, you should at least tell your spouse you have your own acct. Most honest couples disclose that ahead of time. AND don't ask anymore questions. If they can't accept that then they have issues that will probably ruin your relationship eventually anyhow. In the event of death the spouse is usually the beneficiary anyway.

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You cant stop the truth
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

This. I keep saying to people let's say "he is paid X" instead of "he earns X". Generally a person in management or above does not earn anything, they are more or less email forwarding devices that forward instructions between upper management and staff. That's not work.

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Swan
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

a child's happiness depends on money I would feel better (and the people at school insulting me too) if I coul take a shower when I want instead of "water is expensive and we only have one hot water balloon-storage/day so we'll have to take turns : for a family of three max MAX is 1 shower every three days :(

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Andy Acceber
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

"Financial literacy" is code for rich people wanting to believe that poverty only happens due to personal faults and not systemic injustice.

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LagoonaBlueColleen
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Youtubers and other platformers get a lot of help from friends and family to advertise, and those who really did it themselves took a lot of sacrifices many of us aren't willing to risk. All these ones saying they quit their jobs to focus on their channel for a couple never tell you how they were able to do to that. Same with the ones saying they tried working one office job, quit and vowed to never work for someone again. HOW?

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Kylie Leanne
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I think it should be taught in secondary school, as not everyone goes on to university

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Amy S
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

The US system seems so complicated to me. In the UK your employer just deducts your taxes for you, mostly it's self-employed people have to do tax returns/work out their own payments.

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madbakes
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I never knew how true this was until a year ago. If I end up not being able to go back to work (currently on leave with a medical issue), I may or may not get social security benefits. They say that I can work, even if it's a job with less pay and less hours. How am I supposed to live on working 20 hours a week at $10 or $15 an hour?? If I don't find the right treatment, I'm poor no matter what.

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LagoonaBlueColleen
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1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

If you have dyscalculia that is a very annoying statement to hear. It's not like we can't learn it just takes longer, and not a lot of people have the patience to take the time to teach it to someone with math dyslexia. It's frustrating and easier to just give up. But it's not that we're ignorant. We want this knowledge.

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