I wouldn’t say my parents were rich, but there was a safety net for them when I grew up. They meant my mom could go back to college when I was a kid and we didn’t have to worry about losing the house.
I would say that my family didn’t have to worry about the economic existential dread when bad things happened. I could also rely on my family having to invest in my education up to college because my parents would be shamed by extended family if I wasn’t getting my AP tests paid for.
I had to take on my college loans with a family cosigner on the understanding that I would bear that burden alone when I graduated. Since I went to school for engineering, it was considered a safe investment, which it is.
My income is such that I can live comfortably below my means, so I do. I still have to deal with the other hardships in life; I just don’t have to worry about it ruining me financially.
The two major benefits are that I can do important things without having to worry about financing them and I don’t feel guilt and dread over spending money. That said, it isn’t like all problems go away. A lot of problems are made easier, but they are still there.
I wouldn’t say my parents were rich, but there was a safety net for them when I grew up. They meant my mom could go back to college when I was a kid and we didn’t have to worry about losing the house.
I would say that my family didn’t have to worry about the economic existential dread when bad things happened. I could also rely on my family having to invest in my education up to college because my parents would be shamed by extended family if I wasn’t getting my AP tests paid for.
I had to take on my college loans with a family cosigner on the understanding that I would bear that burden alone when I graduated. Since I went to school for engineering, it was considered a safe investment, which it is.
My income is such that I can live comfortably below my means, so I do. I still have to deal with the other hardships in life; I just don’t have to worry about it ruining me financially.
The two major benefits are that I can do important things without having to worry about financing them and I don’t feel guilt and dread over spending money. That said, it isn’t like all problems go away. A lot of problems are made easier, but they are still there.