Perspectives: Financial Stability
Updated: Nov 6, 2018
By Angel Lopez
My name is Angel Lopez and I’m here with KWDC. Today with me in the booth is Eric Young. Tell me Eric, what does financial stability mean to you?
I think financial stability is more of, something, to me the main thing would be not having to worry about money in a way that I’m not living paycheck to paycheck. I’ve only lived that way maybe like a year or two in my life where I didn’t have to worry about how much money I had in the bank when bills are being pulled out. Not having to worry about that, I feel is a big stability and also just prepping for the future, being stable in the future are two big things I think of when I think of financial stability.
What do you know about SEED? What I know is that they are choosing about 100 people, I believe, and they’re going to get some free cash, no strings attached, for like 18 months or something like that. It’s supposed to see basically what it does economically, I believe in the sense of what good people will do with the money.
So Eric, let’s say you are (hypothetically) chosen to be one of those families and you’re given $500 no strings attached each month. How would you spend that extra $500?
Probably the first thing would be to pay some bills. I have a couple credit cards with some some money up on it. Probably maybe work on the house a little bit, it just depends on what happening at the time, you never know what comes up. Just today I had to take my car in for 100,000 mile service. It’s going to be almost $2,000 and that would be pretty beneficial to have an extra $500 dollars just for nothing, to go towards that, and not put me further in debt by putting it on those credit cards.
Alright, Eric. Let me ask you with, last question: how do you feel about SEED.
I kind of feel like I’m in the middle. I feel that it can be used for great things but I also feel that it could be abused. If you’re not being policed, so to speak, of what your doing with it. I want to believe that most people are going to do good things. I do believe, I know it’s random, but the money should be spent on families. Not to say that someone who doesn’t have a family doesn’t need the money, but people trying to support a family, an extra 500 dollars a month, that’s a big deal. When I was a kid, we were a family of four and my parents struggled through hard times and I know an extra couple hundred bucks would have made the huge difference. I feel as a kid I didn’t have a lot of flashy things, which I’m sort of thankful for now because I don’t really go out for all that, but we made things last. I made shoes last, I made clothes last, but it would be nice to be able to get new things. I know as a new parent I want to do everything I can for my kids and already I want to give them whatever they want. And it’s hard to when you don’t have the means all the time. I have my own family of four and it would be nice to get some free cash.
Alright, thank you for your time Eric and I appreciate you answering these few questions about SEED.