work January, get paid 1000, pay 600 in bills and lay 400 aside for potential emergencies
work February, medical emergency comes up but medical bills now cost 10000 so you can’t afford them with the 400 you set aside and you also can’t work because of the emergency so you take 20000 debth to repay the medical cost and other bills
work March to repay your debth, but you only get 50 while still having a debth of 20000
What you just said was a thing that you can only do in an idealised world where you never get sick and all your bills are always payed in the month you get them.
Nice of you to completely ignore the rest of the answer that kind of points to why in the real world you have to set aside money and why in the real world a volatile currency is useless
Meaning, you treated currency as an investment. What did I just say?
What you just said was a thing that you can only do in an idealised world where you never get sick and all your bills are always payed in the month you get them. Nice of you to completely ignore the rest of the answer that kind of points to why in the real world you have to set aside money and why in the real world a volatile currency is useless