The Hidden Costs of Being Poor

16 Mar

It costs more to be poor than it does to be middle class.

If the cheap version of something costs $10, but only lasts for 2 years, while the expensive version costs $20 but lasts for 5 years, in the long run, it’s obviously better to buy quality. But what if I don’t have $20 in my budget? What if I don’t really even have $10, but I need this item now? Which am I going to buy?

Sadly, I think this may be why Wal-Mart is so successful. If you buy it cheap, you have to buy it often.

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Posted by on March 16, 2011 in Finances


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