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For example, a family of four is considered impoverished if they earn $30,000 or less.
Growing up in poverty can leave an ever-lasting effect, even if it’s possible for you to escape.
Here arethree expensive things worth the money when you grow up poor:
1.
Watching her mother and aunt both lose their jobs during the Great Recession led to her family struggling financially.
One of the benefits that is easily lost when one loses their job is access to healthcare.
But even in such a situation, you’re free to take control of your healthcare.
Basic healthcare coverage can prevent financial problems later.
Stepien advises to alwaysask for an itemized billand advocate for yourself.
An interest rate can make or break you when it comes to financing.
The average home price in 2024 is currently$360,681.
Debt felt dirty, and she feared any kind would hold her back like it did with her parents.
But when it came time to start her own company, she couldnt avoid financing part of it.
I had a VERY hard time carrying ANY balance on a credit card.
It seemed wrong, she admits.
Byredefining her relationshipwith her finances through hard work and time, she was able to grow her company successfully.
Growing up poor can teach you many money lessons without you realizing it.
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