Posted on October 20, 2015 by Eric Ravenscraft in Lifehacker Lifehacker, By Eric Ravenscraft Some think that being poor is simple. You don’t have enough money to buy a lot of stuff, so you’re forced to buy less stuff. But that’s not really how it works. When you’re broke, you can’t do all the little things that will improve your budget over the long run. It actually costs more to be poor. When you’re poor, you can’t buy your food in bulk, buy high quality stuff that will last, or own your own tech instead of renting. It costs money up front to save money over the long run. Worse yet, being poor often comes with hidden, intangible costs that make digging yourself out of poverty even harder.
