Recently, I learned that two of my friends have both lost their jobs.
One was making OK money and lives close to paycheck-to-paycheck, while the other was making BANK and enjoys all the luxuries that come with that.
Now they’re both pretty stressed out about it, but one recently made an off-hand comment that the other will be having a much harder time dealing with it and feels his situation is much better. (They know each other).
Who said that? Which is it? Friend A, with less money and smaller expenses or Friend B, with more income but inflated expenses.
You can probably guess having read this blog for a while, but it was Friend A – the one with less money! Which of course at first glance wouldn’t make sense – why would someone living paycheck-to-paycheck have an easier time with a job loss than someone making much more? – but as we all know, your *expected lifestyle* tends to play a much larger role emotionally than your state of finances.
Friend A is used to skimping by and has thus learned to craft a decent life around it (his actual words to me were “I’m used to living poor”), while Friend B, aka Mr. MoneyBags, is now used to a more high-flying life and will have to figure…