this post was submitted on 26 Oct 2024
85 points (92.1% liked)
Economy
501 readers
148 users here now
Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I grew up with that and "pay off debts before you save". It didn't work out well and I've probably wasted years of my life struggling before I learned to do the math instead.
Oh, my recommendation: check what the situation is in your country and your time instead of trusting what boomers who grew up in a twisted economy say or what you read from a completely different country's economy or era.