November 9, 201114 yr Save for it then you don't have debt. Never been in debt in my life :) Wages are higher here than most countries.... for example.... my American friend worked 50 hours a week for $8 something an hour. I wouldn't get out of bed in the morning for that, I was only 19 and earning $18.90 an hour. So it's a lot easier to save, plus if you have a child you get rent assistance from the government and family allowance which is like an extra $210 a fortnight. When both people are working (ie husband and wife) you won't really notice the mortgage repayments as they're only about $200 a week more than renting. What sort of job were you working at making 19$/hr straight out of college? o_O It's unheard of to make that much money (for a US citizen) straight out of highschool with no qualifications, certifications, or anything like that unless they were coding geniuses. I appreciate your philosophy but honestly, you're very fortunate compared to most people which makes your advice a little impractical.
November 9, 201114 yr There's nothing wrong with the advice I've given, almost all of it would apply world wide. I was only a hospitality manager at the time and a uni student. I understand that is unheard of in other countries but that is pretty much a standard wage for that age $15-$20 here in Australia unless it's a trade or the job is commission based. The bits and pieces about housing and saving isn't advice, just merely what I plan to do with my life and any other fellow Australians could benefit from that. My completely practical advice mentions food, clothing, paying utilities ect The only people who tell you that you can't do something are those who have already given up on their own dreams so feel the need to discourage yours.
November 9, 201114 yr I am also scared for many people's credit scores here. Albeit I'm sure Europe probably has a different system than america I don't even know what my crdeit score is. Why I applied for a mortgage, it was made clear that I wasn't allowed to be in debt on my bank account, and that I was not allowed to have a credit card at the time of the application. Changed bank settings, got mortgage, and changed bak settings to be allowed to have some debt (when bills precede salary payments occasionally) . Err there are plenty of banks with high interest accounts? Maybe you live in another country? :/ Or maybe your definition of 'high' is unrealistic? Westpac gives close to $5000 annual interest for just $40,000 and it goes up the more you save. currently, we live off my fiance's wage and save money quite easily (minus wedding expenses) which means we'll be able to bank every cent I earn when I go back to work. I don't see the problem? Or am I missing something? That would be 12.5% intrest! O_o Please tell me what bank provides such intrest rates as the intrest rates here are <5% even on 10-year deposits. Other data was removed when acoount got hacked...
November 9, 201114 yr There's nothing wrong with the advice I've given, almost all of it would apply world wide. I was only a hospitality manager at the time and a uni student. I understand that is unheard of in other countries but that is pretty much a standard wage for that age $15-$20 here in Australia unless it's a trade or the job is commission based. The bits and pieces about housing and saving isn't advice, just merely what I plan to do with my life and any other fellow Australians could benefit from that. My completely practical advice mentions food, clothing, paying utilities ect I didn't say it was wrong, just that it wasn't practical :P Don't take offense, it's just different areas of the world. Like I said, I completely agree with your philosophy--and I'm a bit envious of your life situation at the moment!
November 9, 201114 yr What Godess has is two sources of income, where one covers their monthly expenses and the other is saved. That's at least a 50% (roughly) saving rate, which is an incredible amount to begin with. But with the divorce rates and lawyer costs to run those cases, I can definately see why people can't have enough money to save up. Plus add multiple kids, with everyone's desires of luxory products, you can see why Godess' family of three can save a lot where as a family of five might not be. But honestly, you single people want to save money? Don't have kids. :lol: "The cry of the poor is not always just, but if you never hear it you'll never know what justice is."
November 9, 201114 yr Just because kids desire "luxury products" doesn't mean said products have to be purchased for them... "It's not a rest for me, it's a rest for the weights." - Dom Mazzetti
November 9, 201114 yr Just because kids desire "luxury products" doesn't mean said products have to be purchased for them...Whoops, forgot a comma and 'everyone'. But still, I personally wouldn't save up for a house, I'll rather use that money to a vacation or a nice big screen TV or something. Of course never overextending current funds. I think you thought I meant people have to buy things to go into debt, but I just mean people's natural desire to have luxuries makes them save less. "The cry of the poor is not always just, but if you never hear it you'll never know what justice is."
November 9, 201114 yr Point still stands. We as a society buy way too much shit we don't need. "It's not a rest for me, it's a rest for the weights." - Dom Mazzetti
November 9, 201114 yr Point still stands. We as a society buy way too much shit we don't need.But then you only got one life, and if you just 'buy what you need' you'll be pretty bored I can safely assume. "The cry of the poor is not always just, but if you never hear it you'll never know what justice is."
November 9, 201114 yr Point still stands. We as a society buy way too much shit we don't need.But then you only got one life, and if you just 'buy what you need' you'll be pretty bored I can safely assume.Only if you've been raised in a consumerist culture that preaches you need to fulfill all your wants to be happy. "It's not a rest for me, it's a rest for the weights." - Dom Mazzetti
November 9, 201114 yr Point still stands. We as a society buy way too much shit we don't need.But then you only got one life, and if you just 'buy what you need' you'll be pretty bored I can safely assume.Only if you've been raised in a consumerist culture that preaches you need to fulfill all your wants to be happy.Ok. You save for your entire life. Then what? Give it to your grandchildren when you pass away? What the hell are you going to do with all that money after you obtain a house and food? That's all you "need to live" am I right? I'm not seeing your point here, truth be told. "The cry of the poor is not always just, but if you never hear it you'll never know what justice is."
November 9, 201114 yr Point still stands. We as a society buy way too much shit we don't need.But then you only got one life, and if you just 'buy what you need' you'll be pretty bored I can safely assume.Only if you've been raised in a consumerist culture that preaches you need to fulfill all your wants to be happy.Ok. You save for your entire life. Then what? Give it to your grandchildren when you pass away? What the hell are you going to do with all that money after you obtain a house and food? That's all you "need to live" am I right? I'm not seeing your point here, truth be told.Or donate it to the majority of the world's population who can't even afford the things they need to survive. But we digress - I was replying to your original point about how the desires for luxury goods would make it difficult to afford children. "It's not a rest for me, it's a rest for the weights." - Dom Mazzetti
November 9, 201114 yr Point still stands. We as a society buy way too much shit we don't need.But then you only got one life, and if you just 'buy what you need' you'll be pretty bored I can safely assume.Only if you've been raised in a consumerist culture that preaches you need to fulfill all your wants to be happy.Ok. You save for your entire life. Then what? Give it to your grandchildren when you pass away? What the hell are you going to do with all that money after you obtain a house and food? That's all you "need to live" am I right? I'm not seeing your point here, truth be told.Or donate it to the majority of the world's population who can't even afford the things they need to survive. But we digress - I was replying to your original point about how the desires for luxury goods would make it difficult to afford children.I suppose you can donate it, but that brings up a different issue I had no idea we were talking about. The children comment was half-joke, half-serious. Children are not cheap and not only in their physical luxuries but medical upkeeps if they have a problem and general welfare for them. It's hard for a single-income family to maintain balance between essentials, savings, and luxuries. So then I joked, saying that if you want a lot more money for luxuries, don't have kids. :razz: "The cry of the poor is not always just, but if you never hear it you'll never know what justice is."
November 9, 201114 yr Looks like my internet sarcasm detector was broken then, sorry :( "It's not a rest for me, it's a rest for the weights." - Dom Mazzetti
November 9, 201114 yr Just because kids desire "luxury products" doesn't mean said products have to be purchased for them... Depends... do you have kids? Do you know how hard it is to say no sometimes? Comes down to the type of person you are too. I spoil my 3 year old rotten. I don't mean to do it on purpose it just kind of happens. I hadn't bought myself new clothes in like 3 years because I would rather spend the money on him. When I go out to the mall I have no intention on buying him anything.... and then he usually comes out with something like a strawberry milk and some new clothes or a toy :/ Maybe I just need to be more self disciplined? Maybe it has something to do with your up bringing? I have no idea. My parents missed out on a lot of things because they literally gave us everything we ever wanted. I agree with you though, I'm just saying I have poor self control when it comes to that and so do my other parent friends lol @transcript80 - the bank name is in the quote lol don't rely on it 100% though because that's the figure my brother gave me but I know it's not far off. The only people who tell you that you can't do something are those who have already given up on their own dreams so feel the need to discourage yours.
November 10, 201114 yr Depends... do you have kids? Do you know how hard it is to say no sometimes? Comes down to the type of person you are too. I spoil my 3 year old rotten. I don't mean to do it on purpose it just kind of happens. I hadn't bought myself new clothes in like 3 years because I would rather spend the money on him. When I go out to the mall I have no intention on buying him anything.... and then he usually comes out with something like a strawberry milk and some new clothes or a toy :/ Maybe I just need to be more self disciplined? Maybe it has something to do with your up bringing? I have no idea. My parents missed out on a lot of things because they literally gave us everything we ever wanted. I agree with you though, I'm just saying I have poor self control when it comes to that and so do my other parent friends lol @transcript80 - the bank name is in the quote lol don't rely on it 100% though because that's the figure my brother gave me but I know it's not far off.I have six siblings, I realize it's not exactly the same but pretty close. And I agree that it's not easy - but like you said it boils down to poor self control. If it's your choice to spoil your kid, fine...but it's certainly not an obligation; and I believe it's a mistake, personally. Not to mention that if your child is used to being given everything they want it makes it all that much harder when you have to stop giving them everything they want, because you can't do it forever. "It's not a rest for me, it's a rest for the weights." - Dom Mazzetti
November 10, 201114 yr Author Question - with such a high interest rate, is the inflation rate high? @IGoddess
November 11, 201114 yr Spoiling kids is easier if you have the money to spend. If you are poor, it is SO much harder to spoil a kid. Also, spoiling 5 kids is a lot harder than spoinling "just" one. Since we have no financial worries, we tend to spoil our kid as well. It always strikes me that when she has 10 toys to play with, she can still be occupied for an hour doodling with a 10 centimeter string of thread she found on the floor that we missed when vacuuming. But, the go back on topic: also for spoiling your kids, there are ways of saving money. Sturdy toys can both be bought and sold via the internet. For instance, we bought a wooden toy car for our kid to play with. When she was too old for it / didn't care for it anymore, we sold it. New price: $402nd hand: $20Sold for: $10Total cost for toy: $10 when it originally cost $40. (Prices are examples). This can only be done with high quality toys, as they have good sellability. Other data was removed when acoount got hacked...
November 11, 201114 yr I wasn't spoiled as a kid but my brother is a bit. My parents can't really afford it but they don't spoil him too much. and when it comes to kids, you know that if you buy them an expensive product they'll spend more time playing with the box than the toy itself :-P I edit for the [Tip.It Times]. I rarely write in [My Blog]. I am an [Ex-Moderator].
November 11, 201114 yr ^^^^ yes, you are totally right. Boxes are fun! Other data was removed when acoount got hacked...
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