Most of the folks I know from my generation tend to spend almost all of their disposable income as soon as they obtain it. I have tried to explain to them that by doing so, they are selling their own freedom. You are forever at the yoke of he who employs you if you are living from paycheck to paycheck.
For the first three years of my career, I scrimped on almost all expenditures in order to accumulate a savings allowing me to be out of work for a period of at least one full year. I call it the FYF (the Fuck You Fund). I wouldn't trade it for anything but a true emergency.
Most of the folks I know from my generation tend to spend almost all of their disposable income as soon as they obtain it. I have tried to explain to them that by doing so, they are selling their own freedom. You are forever at the yoke of he who employs you if you are living from paycheck to paycheck.
For the first three years of my career, I scrimped on almost all expenditures in order to accumulate a savings allowing me to be out of work for a period of at least one full year. I call it the FYF (the Fuck You Fund). I wouldn't trade it for anything but a true emergency.