Re:Why poor people make poor decisions
by zozbot234 on Wednesday February 12, 2020 @07:32AM
(#22308280)
> use a small windfall on buying a small luxury like a pretty dress or trip to Disneyland
It's still a pretty bad idea if they have literally zero precautionary savings and are one unexpected expense away from disaster. Keeping that windfall in the piggy bank would make them a lot happier and less stressed out in the long term than reminiscing about that crazy trip to Disneyland. But I can see where being severely socially marginalized all the time might make it really hard to think properly about these things. That's often a way bigger issue than the actual money problems, really.
It's still a pretty bad idea if they have literally zero precautionary savings and are one unexpected expense away from disaster. Keeping that windfall in the piggy bank would make them a lot happier and less stressed out in the long term than reminiscing about that crazy trip to Disneyland. But I can see where being severely socially marginalized all the time might make it really hard to think properly about these things. That's often a way bigger issue than the actual money problems, really.