How did you spend your SSIA payout from FF?

Spacedog

I couldn't afford to open an SSIA and was a little cynical about the payout timed before an election, but it's a good example of FF re-enforcing the divisions in society and keeping the gap between the haves and have-nots.

I recall people pondering what they were going to spend their payout on. eddie hobbs and banks suggesting investment plans, houses, cars etc.

So... what you spend it on? ...and who did you vote for in the following election?

OMG Its EoinD

This seems overly personal no?

Good luck getting the info. You'll need it :L

Spacedog

OMG Its EoinD wrote: »

This seems overly personal no?

Good luck getting the info. You'll need it :L

Personal? Did you spend yours on a knob enlargement or something?

There were no shortage of people talking about it then, or touting FF because anyone else would ruin the economy.

CardBordWindow

Seemed too good to be true, so I didn't go for it.


That......and I was only 14.

nice1franko

Deposit for an apartment in the housing pyramid scheme :cool:

littleredspot

I could never understand people saying they couldn't afford it. I think it was 12 quid minimum monthly payment. Free money at the end. It certainly didn't influence my voting choices.

Interceptor

I still have it in a deposit account, for a rainy day that may yet come. If you couldn't afford it then you missed out on a nice gift. I have never and will never vote Fianna Fail.

'cptr

Bought a car.

MugMugs

Got my mickey steam cleaned after your ma.

johngalway

Quickly.

Fine Gael.

seamus

I was in college when it was possible to open one, so I didn't cos I had no (spare) money to save. Students need to drink and eat bad food you know.

Monty Burnz

Still have mine. Will buy a house with it in about 5 years when prices stabilise.

Mr E

Deposit for house (and tiles/furniture).

Zebra3

Spacedog wrote: »

I couldn't afford to open an SSIA and was a little cynical about the payout timed before an election, but it's a good example of FF re-enforcing the divisions in society and keeping the gap between the haves and have-nots.

It was nothing to do with that.

It was about buying the next election.

And fools fell for it.

hidinginthebush

I withdrew mine early to finance my J1er to Maui. Don't regret a single thing :cool:

jester77

Most fools just handed it back.. aka stamp duty

foxyboxer

Didn't spend it. Still have it.

Compound interest and all that lark. Mwuhahahahahaha!

Lollipops23

My mam used hers to put me through college... thankfully I never had to do any repeats, or she'd have brained me

smash

Coke and hookers

ilovesleep

Not more of this bullsh1t that we all partied with the banks and money because we all did not. Didn't know what the ssia scam was until it was all over so I would have been too young for such a scam.

Irish Slaves for Europe

It was the most blatant transfer of wealth from the poor to the rich. Most working class people had no idea about this scheme. Whereas middle class people and rich people were rubbing their hands together in glee at all this free money being given to them. So poor people were basically subsidising the income of rich people. I could never understand why opposition parties didn't fiercely oppose this. It was the most unfair and unjust thing to happen in the history of the state. Of course now we have had the bank guarantee happen it has made the SSIA swindle seem like small fry in comparison, only this time the middle class have got burnt so now its a tragedy, now its so sad to see.

4leto

Irish Slaves for Europe wrote: »

It was the most blatant transfer of wealth from the poor to the rich. Most working class people had no idea about this scheme. Whereas middle class people and rich people were rubbing their hands together in glee at all this free money being given to them. So poor people were basically subsidising the income of rich people. I could never understand why opposition parties didn't fiercely oppose this. It was the most unfair and unjust thing to happen in the history of the state. Of course now we have had the bank guarantee happen it has made the SSIA swindle seem like small fry in comparison, only this time the middle class have got burnt so now its a tragedy, now its so sad to see.

That's bollox
I am not rich and I availed of the scheme it encouraged me to save and a lot of my poor friends and family availed of it to.

I bought a flat screen TV with some of it and used the rest in increments over the years.

TPD

I never heard about them at all till they were paying out. What was the deal with them? How much was paid in, over how long, and how much was got out of it?

Penny Dreadful

Laser eye surgery
Laser hair removal
Holiday
Plasma tv
Ex boyfriend's 30th birthday present.

4leto

I cant remember all the details but it was very generous. I think I ended up with a check of about 18 grand for saving 50 a week for 5 years.

I am not exactly sure but it really was a substantial amount of money for a bit of saving discipline.

I don't think we will ever see the likes of it again.

sentient_6

4leto wrote: »

I don't think we will ever see the likes of it again.

While the ssia was before my time, so i don't know the exact details of it, saving terms & all that, but the national solitarity bond going at the moment is pretty good, 50% return after 10 years.

4leto

sentient_6 wrote: »

While the ssia was before my time, so i don't know the exact details of it, saving terms & all that, but the national solitarity bond going at the moment is pretty good, 50% return after 10 years.

Thanks for that info, that does sound good
I will look into that

Standard Toaster

Knob enlargement

Teyla Emmagan

I blew through it. Spent most of it on my (then) new house. Bits and bobs. Had laser eye surgery alright. That lasted a year and a half before my eyes went back. Spend something insane like 4k on a carpet (I must have been high). Have nothing to show for it now.

Good times

The_B_Man

I can't remember what I spent it on.

Big Nasty

Took six months off and wasted the lot!

ScumLord

Irish Slaves for Europe wrote: »

It was the most blatant transfer of wealth from the poor to the rich. Most working class people had no idea about this scheme. Whereas middle class people and rich people were rubbing their hands together in glee at all this free money being given to them.

It was talked about on the radio, on tv in the newspapers, you would have had to have had your head buried in the sand not to know about it. Most working class people at the time where middle class too.


I went around eastern Europe on some of it and plan to spend another chunk of it soon. I think it's mostly gone though, moneys for spending.

Badly Drunk Boy

I didn't spend mine yet. I just transferred it into my First Holy Communion account.

Irish Slaves for Europe

ScumLord wrote: »

It was talked about on the radio, on tv in the newspapers, you would have had to have had your head buried in the sand not to know about it. Most working class people at the time where middle class too.

Yeah and a lot of poor people don't buy newspapers or listen to the radio. It was a fundamentally flawed concept, which rewarded people who had spare cash to put away on savings and punished those who didn't have enough to save. And the more you could save the more free money the government gave you. So the richest got the most free money, the middle class were then rewarded handsomely as well. The only people worse off were the poorest in society but sure who cares about them.

fearcruach

Irish Slaves for Europe wrote: »

It was the most blatant transfer of wealth from the poor to the rich. Most working class people had no idea about this scheme. Whereas middle class people and rich people were rubbing their hands together in glee at all this free money being given to them. So poor people were basically subsidising the income of rich people. I could never understand why opposition parties didn't fiercely oppose this. It was the most unfair and unjust thing to happen in the history of the state. Of course now we have had the bank guarantee happen it has made the SSIA swindle seem like small fry in comparison, only this time the middle class have got burnt so now its a tragedy, now its so sad to see.

I'm from a working class family and we managed to save plenty for the scheme. It put myself and my sisters through college.

smash

You'd want to have been living in a cave to have never heard of the SSAI scheme when it was launching.

epgc3fyqirnbsx

Irish Slaves for Europe wrote: »

Yeah and a lot of poor people don't buy newspapers or listen to the radio. It was a fundamentally flawed concept, which rewarded people who had spare cash to put away on savings and punished those who didn't have enough to save. And the more you could save the more free money the government gave you. So the richest got the most free money, the middle class were then rewarded handsomely as well. The only people worse off were the poorest in society but sure who cares about them.

A lot of rich people Lots of people don't listen to the radio or read the papers, there really isn't much you can do about that.
Fair enough if you think it rewarded only those who had the spare cash but you can't say nobody knew about it.

It's purpose was the reign in inflation at the time and it was a sh1te effort to be honest. My only regret is that I wasn't earning at the time to take advantage of it

Interceptor

Irish Slaves for Europe wrote: »

Yeah and a lot of poor people don't buy newspapers or listen to the radio.

and thats why they are poor and entitled to free education.

Irish Slaves for Europe wrote: »

The only people worse off were the poorest in society but sure who cares about them.

Not me, I pay a shed load of tax and watch the government waste it on shíte like free health services and free schooling. See above answer.

'cptr

ScumLord

Irish Slaves for Europe wrote: »

Yeah and a lot of poor people don't buy newspapers or listen to the radio. It was a fundamentally flawed concept, which rewarded people who had spare cash to put away on savings and punished those who didn't have enough to save. And the more you could save the more free money the government gave you. So the richest got the most free money, the middle class were then rewarded handsomely as well. The only people worse off were the poorest in society but sure who cares about them.

I think your a bit over the top here, not that I think it was a smart thing for the government to do or anything and if they did it now I'd agree with you but at the time people had the spare cash, it wasn't a lot of money at the time.

Plus, poor people read tabloids.

Daniel S

Mam and dad brought me and my brother to Orlando for three weeks.


Best. Holiday. Ever.


Kept a good bit though. It's going to be used to put me through college and other stuff

My friend's parents are doctors and supposedly they had more that two accounts. :pac:

smash

Irish Slaves for Europe wrote: »

The only people worse off were the poorest in society but sure who cares about them.

Exactly.... so stop talking about them!

hidinginthebush

4leto wrote: »

I cant remember all the details but it was very generous. I think I ended up with a check of about 18 grand for saving 50 a week for 5 years.

I am not exactly sure but it really was a substantial amount of money for a bit of saving discipline.

I don't think we will ever see the likes of it again.

If I remember correctly, you had to save a minimum of €50 per month, ann the after 4 years you were given 25% of the the capital you had saved up on top of your savings.

Irish Slaves for Europe wrote: »

It was the most blatant transfer of wealth from the poor to the rich. Most working class people had no idea about this scheme. Whereas middle class people and rich people were rubbing their hands together in glee at all this free money being given to them. So poor people were basically subsidising the income of rich people. I could never understand why opposition parties didn't fiercely oppose this. It was the most unfair and unjust thing to happen in the history of the state. Of course now we have had the bank guarantee happen it has made the SSIA swindle seem like small fry in comparison, only this time the middle class have got burnt so now its a tragedy, now its so sad to see.

It was advertised on billboards, surely "working class people" can see those?

Irish Slaves for Europe

hidinginthebush wrote: »

It was advertised on billboards, surely "working class people" can see those?

working class people can't read and/or can't afford glasses to correct their poor eyesight

fearcruach

Irish Slaves for Europe wrote: »

working class people can't read and/or can't afford glasses to correct their poor eyesight

I thought you were just on the extremes of opinion. Now I realise you're a troll.

4leto

Irish Slaves for Europe wrote: »

working class people can't read and/or can't afford glasses to correct their poor eyesight

LOL

Who are these poor poor people
No radio
No TV
Illiterate
Bad eyesight
Probably bad hearing as well

Just think if they did use the scheme they could have baught a radio, a tv, schooling, glasses and a hearing aid after 4 years. A shame really.

Daniel S

fearcruach wrote: »

I thought you were just on the extremes of opinion. Now I realise you're a troll.

It's after hours.. leave him alone

gstar

used mine to pay stamp duty how ironic that m now selling said house with negative equity! sh!t happens eh

4leto

gstar wrote: »

used mine to pay stamp duty how ironic that m now selling said house with negative equity! sh!t happens eh

Sickner
And the irony the bloated stamp duty at that time was probably paying for the scheme.

buswankers

Used every penny of mine to go travelling for a couple of years......money well spent if you ask me, glad I didn't listen to the "use that as a deposit for a nice house" brigade! Would do the exact same if I had the chance !

& who did I vote for in the following election? No-one as I was backpacking around South America at the time

Malari

Put in the max for about half the time, and reduced it to the minimum while I went back to college.

Bought half a car with my payout :pac:

Monty Burnz

Irish Slaves for Europe wrote: »

Yeah and a lot of poor people don't buy newspapers or listen to the radio.

Tough sh!t to be honest. If you don't care to inform yourself about what's going on in the world, don't expect to hear about opportunities.