Sample size N = 1
Conclusion: all poor people use cigarettes, lotto and alcohol and I dont like them in my neighbourhood.
How is saving $1000 a year going to help some poor person who lacks education, or opportunities?
How is saving $1000 a year going to help some poor person who lacks education, or opportunities?
Anyway, the whole point of this thread is that having some buffer money allows you to make more optimal savings choices in the future. It's a cascade effect.
Even $1000 in savings as a buffer would allow you to make better decisions grocery shopping (you can afford to hold off and wait for better deals, etc.) or in the case of this article, have the patience to forego $100 now to get $200 later.