Wall Street Oasis - Investment Banking & Finance Community: Can You Survive "Spent"?

Wall Street Oasis - Investment Banking & Finance Community The Wall Street Finance Community where investment bankers, consultants, traders, private equity and hedge fund professionals come to learn and play.

Can You Survive "Spent"? Mar 2nd 2013, 13:00 mod (Andy) note: "Blast from the past - Best of Eddie" - This one is originally from February 2011. If there's an old post from Eddie you'd like to see up again shoot me a message. Could you survive on $1,000 a month? What if you had a kid to care for, too? What corners would you cut to keep food on the table? You can answer these questions and more when you play Spent, a free online poverty simulator from the Urban Ministries of Durham. I managed to make it to the end of the month with $441 to spare, but I had to tell my kid he couldn't play after-school sports, I had to leave the family pet to suffer with a painful condition, and I had to skip my car payment. I also took an entrepreneurial risk and got screwed for it. I took the job as a warehouseman and, when offered to maintain my hourly wage or get paid on a performance basis, opting for the performance bonus cost me 25% of my monthly income. It's an interesting simulation, and an eye opener for anyone who hasn't had to make poverty-based decisions in life. Spent presents you with decisions you have to make each day of the month, and most of them aren't pretty. read more Media files: preview (image/jpeg, 0 MB)

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