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-- Can we talk about people who live beyond their means?
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Yeah but your mother is.

Re: Can we talk about people who live beyond their means?

quote:

Originally posted by Miss Pie I feel like MOST people live like this. What do you guys think? Do you know people like this as well?

A few.

There's this kid I know who's got the niftiest gadgets I've ever seen, and mentioned he's always in debt (U$ 500-1000 at any given time). I don't know how he manages to keep this debt constant, as I have always assumed it would increase over time because of the interest rates and the like, but he's been able to pull this off for a couple of years now.

There's also this couple we know that travel abroad like Europe is just a few metres away. They, however, are apparently very good at dealing with money, smell incredibly low discount prices at a distance, and use thier skills to slake their Wanderlust an perhaps find Waldo, Carmen Sandiego, and Matt Acton in the process.

I can't understand how people spend this much money though... I don't think I could.

The closest I've ever been to debt was when I went �100 into my overdraft on one of my accounts for a week. I still had about �4k in another account with the same bank, so I doubt that counts as true debt.

I think I would definitely blow money on stupid shit if I had a LOT left over to spare. Once I'm done paying off my line of credit I intend to put almost as much as I put towards that into a savings account or some other kind of investing instead - and it still blows my mind how much money I will have to just blow on shit I won't really need...I will actually have to come up with things to spend it on. Prob just take more small vacations or something.

quote:

Originally posted by SYSTEM-J The closest I've ever been to debt was when I went �100 into my overdraft on one of my accounts for a week. I still had about �4k in another account with the same bank, so I doubt that counts as true debt.

Didn't you used to be on welfare?

quote:

Originally posted by srussell0018 Didn't you used to be on welfare?

Yeah, it was at that time. I'd just moved to Leeds at the end of 2009 when the job market was disgusting, and went a couple of months without work. I was living on literally �52 a week, which was not fun at all. I always had my savings though, which I never dipped into.

Re: Re: Can we talk about people who live beyond their means?

quote:

Originally posted by Lira There's also this couple we know that travel abroad like Europe is just a few metres away. They, however, are apparently very good at dealing with money, smell incredibly low discount prices at a distance, and use thier skills to slake their Wanderlust an perhaps find Waldo, Carmen Sandiego, and Matt Acton in the process.

Re: Can we talk about people who live beyond their means?

quote:

Originally posted by Miss Pie ..... eating out all the time, etc....

Who are your friends eating out all the time that it's costing them so much it's making them broke??????

my girlfriend spends alot I have had to bail her out on a regular basis. Sheclaims the purchases are made to make her look pretty for me so really i should be paying for it.

Re: Re: Re: Can we talk about people who live beyond their means?

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Originally posted by EarnYourKeep if no GF wouldn't the 'crap' and 'entertainment' be spent on yourself?

No because I can entertain my self for free. My GF does not enjoy watching me learn graphic design or produce music or mix or go for runs or lift weights. She likes to go out for meals and drink watered down drinks in the general crap hole establishments we have in the north of England.

Hell I actually enjoy working late at night. I am in between about 3 tasks atm and doing pretty decent work. Try getting me to do that at 9am and it's like sucking piss up a very thin straw. Difficult and unpleasent.

quote:

Originally posted by Looney4Clooney my girlfriend spends alot I have had to bail her out on a regular basis. Sheclaims the purchases are made to make her look pretty for me so really i should be paying for it.

I get that too. Or I did, now I tell her to fuck off.

quote:

Originally posted by Miss Pie Yeah but your mother is.

yeah she said she learnt from yours, what can i say

btw how much do you charge

Re: Re: Can we talk about people who live beyond their means?

quote:

Originally posted by Lira There's also this couple we know that travel abroad like Europe is just a few metres away. They, however, are apparently very good at dealing with money, smell incredibly low discount prices at a distance, and use thier skills to slake their Wanderlust an perhaps find Waldo, Carmen Sandiego, and Matt Acton in the process.

i used to owe $10K in credit card debt.

I have a guy at work who took $30K out of his mortgage to 'fix his windows'

on top of that he ended up buying his wife a new truck (even though she works 5 minutes from home), got her crazy amounts of christmas gifts, 1 for every day of christmas. He also has 4 children.

I say to him "How the hell do you afford it?" he's like "it's ok. it's on my mortgage. It doesn't cost me much"

DUDE IT COST YOU $30 GRAND!

but some people don't think of it that way when they're paying it off for 45 years. ------__-------

i'm super broke...but I know that. my parents got $10 blurays for chirstmas. My gf got a bit more, but nothing fancy.

I buy a case of beer every weekend and that's my 'entertainment' for the week. The worst part about it is i feel 'responsible' enough, but I'm still broke, I duno how people do it.

Fixing your windows is not a stupid expense. Own a home and let it fall apart or own it and maintain it. Home ownership ain't cheap.

quote:

Originally posted by Dykes_on_Jay Fixing your windows is not a stupid expense. Own a home and let it fall apart or own it and maintain it. Home ownership ain't cheap.

I assumed BTG meant that the $30K went into those other things he mentioned, as well as fixing the windows. How could fixing windows cost $30K? Or are there special windows that you guys need over there, because of the cold, etc.?

Windows are different in colder climates. you also have to consider the size of the house, how many windows there are to change and so on. It cost 20k to do all of my moms windows last year. Labour and materials are not cheap. Windows get changed only every 20 to 25 years. If you want them to last, don't cheap out. New windows, roof, and so on are great selling points too.

BTG, go to school and get a better job. That is how people do it. By being proactive and working for it. There is no such thing as a 45 year mortgage. You are broke, because you are content being broke. If you weren't, you would do something about it. Canada is full of opportunities for those not too lazy to take them.

Jesus fuck. Living status quo is also something I could never imagine. *shudder*

#Yolo #Swag #4Jesus

I've done it. Was depressed as hell until I decided to get off of my ass and create my own opportunities. When I hear people say that the economy is shit, the job market sucks and so on, it grinds my gears. The world won't change for you, change it for yourself.

I took a pretty big chance. It could blow up in my face, but if it works I will be set. Paycheck to paycheck is such a shit life. It's as simple as finding a need, then finding a way to fill that need. It isn't even easier said than done. Just fucking do it.

Better to take a shot, fail, and have nothing, than to do nothing and have nothing.

i'm pretty good with regards to living within my means, but its unfortunate that most people aren't.

My only real liability is my mortgage which i share with my gf and
i still have a maxed out rrsp, tfsa due to savings over the year.


the only real risks i take are market investing. It's pretty much made a significant dent in my rrsp account but i compensate with decent returns on my tfsa. I'm prepared to pay my mortgage with my earnings if interest rates go up as much as 18 percent without really changing my living style.

With regards to savings, what i'm guilty of (and really should modify my behaviour on) is spending money on outside food. This comes out to around 3 to 400 dollars a month for me, on top of on average 150 to 200 dollars worth of groceries.

tim hortons alone takes 50 dollars a month from me lol.

If i could perhaps shave off 200 from the 400, and spend an extra 100 on groceries, this could add up to more savigns which i can easily blow on the stock market without guilt. Or put towards a downpayment.

and with regards to mortgages i believe the highest you can get is 35 years in canada

that's what i'm on. The longer the amortization rate the more interest you end up paying (which is sometimes what the banks like if you are responsible with the debts). good thing about higher amort term is the cash flow you get.

how do you only spend 200 a month on groceries? back home i would drop at least 150 a week.

edit: didn't they trim it down to 20 or 25 years this year?

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