" I see budgets of $6, $7, $8+ a month and wonder what they are thinking..."
Well, the truth is MOST Americans have no idea what a budget is, or where there money goes, or how money works.
I asked a friend who was losing his job what his monthly financial needs were and he told me about 10k per month.
I knew the cars he drove, the house he lived in, etc. and that made NO sense whatsoever. (?)
Upon further questioning his reasoning was this:
" I make about 120k a year, so yeah, about Ten Thousand a month is what I need to live on ! "
Absolutely clueless as to actual requirements and / or how money, taxes, budgets etc. actually work.
This is an intelligent man...otherwise.
It's frightening.
STK