Living within your means...

NeedaNewName

What is the story with a lot of Irish people these days, they can't live with what they have and feel it is a "right" to be able to buy stuff and do stuff.

Like Holidays. Sorry but if you can't afford it you don't go on holiday? Simplez?

You have a house you paid a lot for and it is worth half its value? But you now want to move and can't because the house you bought is worth half what you paid? eh sorry but no moving for you?

Have a generation of Irish people lost the ability to live by their means? Are they spoilt?

I mean for fuks sake it is not that hard to do simple maths and realise you can't afford something.

Head wreaking tbh.

Uriel.

Perhaps. But at Least three years since a thread like this was even remotely original, is it worth crying about on Sunday evening?

Micky Dolenz

who are these Irish people you are talking of?

Turtyturd

Need a new name but can't afford one?

nickobrien1985

You're right.

Irish people still think they're entitled to a holiday in the sun, Sky+, the latest phone, the odd meal down at Roly's, haircuts down Peter Mark.


Its a simple case of living the high life comfortably for 10years during the Celtic Tiger and their inability to adapt to what is now the norm.

I went to UCD 10yrs back and it was shocking to see the levels of affluence (and arrogance), no idea of what the term thrift meant.
There's a small part of me happy to see these folk who threw away their money during the boom suffer.

NeedaNewName

Uriel. wrote: »

Perhaps. But at Least three years since a thread like this was even remotely original, is it worth crying about on Sunday evening?

Sorry but I was just reading something about a guy who decided to have a family and needed to move house and felt hard done by given the housing market. Easier to post here, this, than tell him he was a fuking idiot for starting a family if he couldn't or just man the fuk up and make do with what he has. Prick needed a bigger garden.

I mean WTF!

MANUTD99

NeedaNewName wrote: »

Like what is the story with a lot of Irish people these days, they can't live with what they have and feel it is a "right" to be able to buy stuff and do stuff.

Like Holidays. Sorry but if you can't afford it you don't go on holiday? Simplez?

You have a house you paid a lot for and it is worth half its value? But you now want to move and can't because the house you bought is worth half what you paid? eh sorry but no moving for you?

Have a generation of Irish people lost the ability to live by their means? Are they spoilt?

I mean for fuks sake it is not that hard to do simple maths and realise you can't afford something.

Head wreaking tbh.

Bring out the soapbox somebody

FatherLen

i agree.

Fart

A shot in the dark but... does anyone here know what "thrift" means?

Poshknacker

If you start a post with 'like' it discourages people from reading the rest of it as it suggests low intelligence and/or a poor command of the english language.

smk89

You started 2 sentences with like.

But damn it your right.

Heisenberg89

I'd rather live within the means of the celebrities I read about.

Turtyturd

Fart wrote: »

A shot in the dark but... does anyone here know what "thrift" means?

Superquinn's own brand products used to be called 'Thrift'...I think its a short combination of the words cheap and rotten.

Red Hand

Fart wrote: »

A shot in the dark but... does anyone here know what "thrift" means?

It means that stage where you think you may have imagined saying something inappropriate to someone whilst drunk but you are too drunk to remember what it was or whether or not you imagined it or even if the person you said it to exists in reality or not.

NeedaNewName

Poshknacker wrote: »

If you start a post with 'like' it discourages people from reading the rest of it as it suggests low intelligence and/or a poor command of the english language.

I have low intelligence and a poor lexicon so I edited my post to be more correct.


Thanks.

nickobrien1985

Is it just me or does anyone else think that Irish women are the worst for OTT spending?


I also see loads of people at work who are on good salaries, but their bank balance at the end of the month is 0.
They spend monies on three week holidays to Australia, South East Asia, weekends in New York, tonnes of money down Café en Seine.

Sunnyisland

A mans got to know his limitations, clint eastwood said that maybe he was talking about us Irish.

Oranage2

Always lived within my means, except for the time i got a credit card and a couple of €grand loan to travel the world and have the greatest time of my life ever!! so to answer your question - living within your means is boring and taking a few risks may or may not pay off "who dares wins" and all - Also cant ever remember ever reading "I wish I lived within my means" on somebody's epitaph!!!

dilbert2

NeedaNewName wrote: »

What is the story with a lot of Irish people these days, they can't live with what they have and feel it is a "right" to be able to buy stuff and do stuff.

Like Holidays. Sorry but if you can't afford it you don't go on holiday? Simplez?

You have a house you paid a lot for and it is worth half its value? But you now want to move and can't because the house you bought is worth half what you paid? eh sorry but no moving for you?

Have a generation of Irish people lost the ability to live by their means? Are they spoilt?

I mean for fuks sake it is not that hard to do simple maths and realise you can't afford something.

Head wreaking tbh.

A lot of it was the adoption in 1990s and 2000s of the phenomenon that hit other countries like America and England earlier in the 70s and particularly the 1980s when Reagan came into power - that "greed was good" as it created jobs, allowed freedom etc etc. For many decades anybody who criticised the direction society was taking away from civic and public values toward the commercialisation of life, along with the march of consumerism - was branded a fogey, leftist, begrudger etc.

I think a lot of it comes from the keeping up the Jones' culture that economists have encouraged for at least three decades now in much of the Western world. So people are desperate to keep up, and will do anything to "have the latest", even it means going into debt or risking large loans from the bank.

NeedaNewName

Oranage2 wrote: »

Always lived within my means, except for the time i got a credit card and a couple of €grand loan to travel the world and have the greatest time of my life ever!! so to answer your question - living within your means is boring and taking a few risks may or may not pay off "who dares wins" and all - Also cant ever remember ever reading "I wish I lived within my means" on somebody's epitaph!!!

ah no don't get me wrong. I am all for that. I am all for people doing the maths and saying "fuk it" or "who dares win" as you say.

It is the people who moan about not being able to do it like they have a right to that has got on my goat. And let me tell you now my poor goat can't take much more weight!

its a small goat

El Siglo

Funny you should start this thread op...

https://www.youtube.com/watch?v=4-bSKsVDr_M

hatrickpatrick

NeedaNewName wrote: »

What is the story with a lot of Irish people these days, they can't live with what they have and feel it is a "right" to be able to buy stuff and do stuff.

Like Holidays. Sorry but if you can't afford it you don't go on holiday? Simplez?

You have a house you paid a lot for and it is worth half its value? But you now want to move and can't because the house you bought is worth half what you paid? eh sorry but no moving for you?

Have a generation of Irish people lost the ability to live by their means? Are they spoilt?

I mean for fuks sake it is not that hard to do simple maths and realise you can't afford something.

Head wreaking tbh.

It's the mechanisms behind it which are ridiculous.
Person A likes to build cars and needs a job.
Person B would love to have a car to drive around in.
But because the artificial token we humans have invented isn't working properly at the moment like it's supposed to, person B can't buy the car and person A remains unemployed.
Meanwhile a whole ****load of bank execs who are responsible for breaking the system in the first place are being bailed out by both person A and person B - which is the direct reason person B can't buy the car and therefore person A won't be paid to make it.

suitseir

In the small town where I, unfortunately not by choice, live I parked outside the local supermarket yesterday and in front, a 11 registered car, another across the road and as I was leaving I saw an acquaintance of mine getting into her new 11 VW Passat, oh and her hubby just lost his job, well about 3 months ago, and is, no doubt, drawing his stamps at the moment.

So people are still spending or are not as badly off as we think they are!

Just wondering has anybody on this thread come across friends, neighbours, who are suffering through this recession?

juzzy

NeedaNewName wrote: »

What is the story with a lot of Irish people these days, they can't live with what they have and feel it is a "right" to be able to buy stuff and do stuff.

Like Holidays. Sorry but if you can't afford it you don't go on holiday? Simplez?

You have a house you paid a lot for and it is worth half its value? But you now want to move and can't because the house you bought is worth half what you paid? eh sorry but no moving for you?

Have a generation of Irish people lost the ability to live by their means? Are they spoilt?

I mean for fuks sake it is not that hard to do simple maths and realise you can't afford something.

Head wreaking tbh.

Totally agree with you OP. I can never understand how my friends who work full-time on good wages are always broke way before payday...WTF?

I work part time and have moved out and have rent, bills etc and I don't skimp on nice food, turning on the heating etc

Ok I am a bit of a homebody and don't go out drinking much, maybe every couple months. Just like watching dvds/series, reading, going to the cinema, going for coffee/dinner etc. Guess also i'm not into the latest iphone etc either. Don't need to keep up. Have laptop of course which I couldn't live without

Don't want to come across as high and mighty but I always have money to do what I want and can't understand how ppl manage to blow it all and are poor half the time.

Obv if you have kids, loans etc its a different story

Oranage2

juzzy wrote: »

Totally agree with you OP. I can never understand how my friends who work full-time on good wages are always broke way before payday...WTF?

I work part time and have moved out and have rent, bills etc and I don't skimp on nice food, turning on the heating etc

Ok I am a bit of a homebody and don't go out drinking much, maybe every couple months. Just like watching dvds/series, reading, going to the cinema, going for coffee/dinner etc. Guess also i'm not into the latest iphone etc either. Don't need to keep up. Have laptop of course which I couldn't live without

Don't want to come across as high and mighty but I always have money to do what I want and can't understand how ppl manage to blow it all and are poor half the time.

Obv if you have kids, loans etc its a different story

Well thats because the avarage Irish person spends half their wages on alcohol. Also other people have car loans and I doubt you have a car so thats why it's so easy for you to save!

Daegerty

I don't know what a tracker mortgage is

mfceiling

Spend like hell, spend if you don't have it.
Spend someone else's money.
Don't pay it back.
Live the fcuking highlife.
There's no towbar on a hearse.
Sure the government and the bankers spent it like it was going out of fashion.
Spend it like you are full sure it will rot or go out of date.
Fcuk the misery holes saving and living like misers.
How can they take it from you if you haven't got it.
You can't take knickers off a bare arse.

This statement should not be taken literally and may cause suffering or distress.
The management accepts no responsibility for any loss suffered therein.

Daegerty

mfceiling wrote: »

Spend like hell, spend if you don't have it.
Spend someone else's money.
Don't pay it back.
Live the fcuking highlife.
There's no towbar on a hearse.
Sure the government and the bankers spent it like it was going out of fashion.
Spend it like you are full sure it will rot or go out of date.
Fcuk the misery holes saving and living like misers.
How can they take it from you if you haven't got it.
You can't take knickers off a bare arse.

This statement should not be taken literally and may cause suffering or distress.
The management accepts no responsibility for any loss suffered therein.

There is for when two family members die in an accident

mfceiling

Daegerty wrote: »

There is for when two family members die in an accident

2 hearses or one in a trailer?

Dudess

Rarely see this - OP bases it on one incident. Seems more like a smug "Let's have a laugh at those who are in crippling debt after making mistakes during the boom" thread.

jebuz

Daegerty wrote: »

I don't know what a tracker mortgage is

just like the guy in the ad, brilliant!

Daegerty

mfceiling wrote: »

2 hearses or one in a trailer?

one in the trailer

they have a special trailer that looks just like the back of a hearse. these trailers sometimes have their own hitch for particularly unlucky families

mickydoomsux

suitseir wrote: »

In the small town where I, unfortunately not by choice, live I parked outside the local supermarket yesterday and in front, a 11 registered car, another across the road and as I was leaving I saw an acquaintance of mine getting into her new 11 VW Passat, oh and her hubby just lost his job, well about 3 months ago, and is, no doubt, drawing his stamps at the moment.

So people are still spending or are not as badly off as we think they are!

Just wondering has anybody on this thread come across friends, neighbours, who are suffering through this recession?

Picking up my 11 myself tomorrow Bought and paid for already. I've encountered plenty others over the past few weeks.

There's plenty of money out there. I'm not saying that there's no one out there struggling but i think it vastly overplayed by the media. Something has to fill the newspapers and nightly news and nothing sells like bad news.

COYW

Ireland, the country needs to grow up. We are going through a terrible teen phase, where everything is everyone elses fault. Large sections of the country are not mature enough, the celtic cubs for example, to stand back, review their personal finances and live within their means. They dont understand that 2 foreign holidays and a brand new car every year is a luxury, not a basic human right. I lived within my means during the boom years and can continue the same lifestyle now as a result.

Someone commented to me yesterday that we are not mature enough as a nation, to live in a democracy.

sonic85

COYW wrote: »

Ireland, the country needs to grow up. We are going through a terrible teen phase, where everything is everyone elses fault. Large sections of the country are not mature enough, the celtic cubs for example, to stand back, review their personal finances and live within their means. They dont understand that 2 foreign holidays and a brand new car every year is a luxury, not a basic human right.

Someone commented to me yesterday that we are not mature enough as a nation, to live in a democracy.

think that was george hook on vinny browne? good post by the way

COYW

sonic85 wrote: »

think that was george hook on vinny browne? good post by the way

Oh, maybe he said it but it was said to me by a non public figure.

NeedaNewName

Dudess wrote: »

Rarely see this - OP bases it on one incident. Seems more like a smug "Let's have a laugh at those who are in crippling debt after making mistakes during the boom" thread.

You are dead right. I aim this thread at all those fuking saps who "made mistakes during to boom" as you so aptly put. My brother being one of those maony ass sh1tes.

Those same saps who take no ownership of their mistakes.

You get it?

Daegerty

COYW wrote: »

Ireland, the country needs to grow up. We are going through a terrible teen phase, where everything is everyone elses fault. Large sections of the country are not mature enough, the celtic cubs for example, to stand back, review their personal finances and live within their means. They dont understand that 2 foreign holidays and a brand new car every year is a luxury, not a basic human right. I lived within my means during the boom years and can continue the same lifestyle now as a result.

Someone commented to me yesterday that we are not mature enough as a nation, to live in a democracy.

Ah now, go away outta that. Maybe they don't understand it now but when the bank refuses them an overdraft they'll know. Not mature enough to live in a Democracy? we'll see about that depending on how many seats FF get in the upcoming election

mickydoomsux

COYW wrote: »

Ireland, the country needs to grow up. We are going through a terrible teen phase, where everything is everyone elses fault. Large sections of the country are not mature enough, the celtic cubs for example, to stand back, review their personal finances and live within their means. They dont understand that 2 foreign holidays and a brand new car every year is a luxury, not a basic human right. I lived within my means during the boom years and can continue the same lifestyle now as a result.

Someone commented to me yesterday that we are not mature enough as a nation, to live in a democracy.

Great post.

I'm the same as you in that i lived well within my means during the boom years when most **** cost a bomb because fools lost sight of the real value of things. It means that i was able to buy a house for half nothing last year.

Of course people who were n****r rich during the boom will call people like us smug because we actually used our heads and bought what we could afford instead of spending money we didn't have.

Ahhhhhhh, Ireland.

Gummy Panda

mickydoomsux wrote: »

Great post.

I'm the same as you in that i lived well within my means during the boom years when most **** cost a bomb because fools lost sight of the real value of things. It means that i was able to buy a house for half nothing last year.

Of course people who were n****r rich during the boom will call people like us smug because we actually used our heads and bought what we could afford instead of spending money we didn't have.

Ahhhhhhh, Ireland.

Though I may not be currently in a position to buy my own home, I have no lingering debt from the boom and have some savings.

I am satisfied that I didn't listen to the financial wizards among my friends and buy an apartment to rent to eastern europeans or social welfare recipients.

Some people did lost perspective during the boom such as getting loans to buy a €35k classic car that needed another €10k of work and have it sit in a garage unused.

nickobrien1985

nickobrien1985 wrote: »

Is it just me or does anyone else think that Irish women are the worst for OTT spending?


I also see loads of people at work who are on good salaries, but their bank balance at the end of the month is 0.
They spend monies on three week holidays to Australia, South East Asia, weekends in New York, tonnes of money down Café en Seine.

Money is no use if you dont spend it. Spending money on things you enjoy is not wasting money imo.

Whats wrong with going on holidays etc?

bmarley

NeedaNewName wrote: »

You are dead right. I aim this thread at all those fuking saps who "made mistakes during to boom" as you so aptly put. My brother being one of those maony ass sh1tes.

Those same saps who take no ownership of their mistakes.

You get it?

So you became a green eyed monster during the boom? Maybe he worked hard to get what he did..while you sat on your lazy ass.

sonic85

Daegerty wrote: »

Ah now, go away outta that. Maybe they don't understand it now but when the bank refuses them an overdraft they'll know. Not mature enough to live in a Democracy? we'll see about that depending on how many seats FF get in the upcoming election

people didnt have the balls to vote against FF when it really mattered in the last election now when the horse has bolted people want a clap on the back for giving them the heave ho

Daegerty

sonic85 wrote: »

people didnt have the balls to vote against FF when it really mattered in the last election now when the horse has bolted people want a clap on the back for giving them the heave ho

so whats the alternative? leave them back in?

Amhran Nua

COYW wrote: »

Someone commented to me yesterday that we are not mature enough as a nation, to live in a democracy.

Did you inform them that four million people think they are racists?

sonic85

Daegerty wrote: »

so whats the alternative? leave them back in?

i didnt say that. they have to be gotten rid of at all costs. it should have happened in the last election but people were afraid their cushy lifestyles would be affected. voting against them is more an empty gesture now at this stage though

juzzy

Oranage2 wrote: »

Well thats because the avarage Irish person spends half their wages on alcohol. Also other people have car loans and I doubt you have a car so thats why it's so easy for you to save!

Ya thats true about the alcohol!! and if your out a few nights a week it'll make a dent alright

I do have a car, got it two years ago- bought it outright. it's a '00 so was well affordable!I like to save up for things - never would want a loan unless I really had to take one. Always pay insurance, credit card off etc straight away.

Now I think I sound like my parents ...ahhh No I do like to have fun aswell. Went to New York and Edinburgh last year and paid it off straight away. Couldn't handle having it hanging over me.

Azureus

nickobrien1985 wrote: »

Is it just me or does anyone else think that Irish women are the worst for OTT spending?


I also see loads of people at work who are on good salaries, but their bank balance at the end of the month is 0.
They spend monies on three week holidays to Australia, South East Asia, weekends in New York, tonnes of money down Café en Seine.

What's wrong with spending a salary on trips of a lifetime like SE Asia and Oz? Better than pishing it away on thr same aul resort in Tenerife every year like a lot of people do.

Cafe en Seine culture is ridiculous though, the drinks dont taste nicer cuz they're twice the price! I work to live not live to work, and I like nice things and nice trips, but anything I own I have worked for and I dont live on credit. If you can afford it, but all means spend it, but dont moan about it when youre broke and in debt just because you HAD to have a car/house/holiday.

ejmaztec

mickydoomsux wrote: »

Picking up my 11 myself tomorrow Bought and paid for already. I've encountered plenty others over the past few weeks.

There's plenty of money out there. I'm not saying that there's no one out there struggling but i think it vastly overplayed by the media. Something has to fill the newspapers and nightly news and nothing sells like bad news.

You're only saying that because you feel guilty about buying a brand-new car while the rest of the people in the country are starving to death, because they've run out of children to eat:(.

sbsquarepants

COYW wrote: »

Someone commented to me yesterday that we are not mature enough as a nation, to live in a democracy.

Was it Mee-Hall Martin by any chance. I think he could be planning a coup d'etat. It's the only way the fúcker will see power.


And oh yea, good point, live within your means etc, etc, sounds like great craic!

foxyboxer

On living within your means. The best financial book ever written is The Richest Man in Babylon. IMO it should be on the school cirriculum.

It can be summarised as follows;

1. Start thy purse to fattening: "For every ten coins thy placest within thy purse take out but nine. Thy purse will start to fatten at once......"
(Save at least 10% of everything you earn and do NOT spend it!) On the dole? Save the €19 and don't spend it!

2. Control thy expenditures: "Budget thy expenses that thou mayest have coins to pay for thy necessities......enjoyments......thy worthwhile desires......without spending more than nine tenths of thy earnings......"
(Establish a spending plan and spend only what you have after you have put away your 10%, if you can't pay for what you need with the remaining 90% then you're living beyond your means)

3. Make thy gold multiply: ".....put each coin to laboring that it may reproduce its kind......"
(Make your money work- don't turn into a miser- invest it!)

4. Guard thy treasures from loss: "..Protect your capital....Consult with wisemen...those experienced in the profitable handling of gold (especially not irish stockbrokers and bankers obviously)......protect thy treasure from unsafe investments."
(Obtain professional PAID advice, AVOID commission hungry product sellers and invest in solid performing companies! Forcing your money for high returns will only result in loss, better a small safe return than a loss of capital) Warren Buffetts 2 rules for investing. Rule 1: Don't lose money. Rule 2: Don't forget Rule 1


5. Make of thy dwelling a profitable investment: ".....own thy own home."
(Choose your home, and its location carefully and plan on that your home will be an appreciating asset.) Why have 3/4 bedrooms when you only sleep in one? Going to have a family? Family planning for 2 kids. Then you get a 3 bed house!


6. Insure a future income: "......provide in advance for the needs of thy growing age.... no matter how prosperous his business......"
(Do a retirement plan! Know- don't guess- what you will need to live and the way you want to live!). No one wants to be working at age 75!

7. Increase thy ability to earn: "......cultivate thy own powers, to study and become wiser, to become more skillful, to act as to respect thyself."
(Learning doesn't stop when school does, we must learn to find out the things that we do not know). Many men are rich, finding out how they became rich is a good starting point.