Payday loans don’t suggest this. Those are predatory businesses aimed at the poor and desperate.
When you’re one month from disaster and you break a leg, it’s a payday loan or your family doesn’t have a home/food when you work a job without paid leave. And good luck with the disability approval, because even if it eventually comes through, you are on the hook until it does.
Being poor has very little to do with budgeting. I’m sure a substantial portion, if not the majority of them, could figure out how to budget with a $100k income instead of a $30k income.
Agreed. Good instructors tell you to run if you can, and teach you to fight if you have to.