Usually I hear people say that they shouldn't have luxuries like cheap $300 TVs, smartphones or fridges. These things are only for the rich after all. I once tried to figure out how much money I can save by changing my lifestyle. What I found out is that there are a lot of minimum price floors under which what you're buying is complete junk. In other words you're not saving money. By paying $1 less you're also getting $1 less in value or often even $2 less value. Want a cheap computer? How about a raspberry pi? No screen, accessories, no case, no input devices and for people who aren't computer savvy it runs that weird linux thing. If you buy all that stuff you could have gotten a refurbished thinkpad which offers a better experience. Don't want to spend $1000 on proper machine tools? You can hack something together for $300 that doesn't do the job well at all. And the savings aren't even that great. You're maybe saving 40% compared to just getting the real stuff but since you're not buying much stuff anyway and therefore are primarily spending all your money on rent and food it doesn't matter at all, unless you're willing to have a room mate. This again isn't saving anything, you're getting worse quality in exchange for less money. Your "financial management skills" didn't help you out, the problem wasn't that you made a bad decision, you simply don't have enough money. Someone with enough money isn't even going to spend a single thought on buying a used computer, let alone a raspberry pi, they will straight up buy their 16 core workstation with 128GB RAM for $5000 and then be done with it, never using their "financial management skills" at all. What all these poor people need is to increase their earning potential, which obviously isn't easy.