[Crake]

> The guy's recommendation to "subtract 1000" from whatever your balance is is totally infeasible for a large portion of the population.

I liked how the example used $1000, too. As if poor people even have that much in total. A better example would have been +/- $10, but a lot of people here have absolutely no comprehension of poverty in the US.

[derekp7]

My apologies -- I meant 100, hit an extra key. And for the record, yes I am currently living mostly paycheck to paycheck, although I make decent money (my own fault -- I've got a live-in significant other, she can't work any more due to disability, and I've had to take over her expenses, including car payment [her's and one of her kid's), meds, etc.) But even so, I'm able to do odd jobs for people, and that all goes into a buffer balance. Yes, I can't compare myself to someone on minimum wage, but when everything you make goes to existing obligations (again, I could have said no to a lot of things, but when it is the choice between more credit card debt for a vet bill, and putting down a pet that has been instrumental in drawing a certain family member out of deep depression...)

[zyx321]

Spot on right there. From the archived thread linked below:

>I'm not exactly a rich [person] so interest means very little to me. At most I keep about $1000 in the bank even though I try my best to save up.