how desperate is your financial situation?

foxyboxer · 24-07-2009 04:26PM

No loans.
Have saved enough so that at my current weekly spending I could live without any additional income for 4.8 years.

positron · 24-07-2009 04:30PM

Just a fat huge mortgage..! Looks like I will be paying it well into my 70s!

Damo1174 · 24-07-2009 04:34PM

To be honest I did think I had it crap till I read some of the stuff on here.

Lost my job last week, applied for dole 2 days ago but thats going to take a few weeks to come through.

Got a new job starting in October. So wont be on the dole too long. But the 6 or 8 weeks or however long its gonna take for the dole to come through is gonna be a nightmare. Ive no savings. But luckily enough I dont have any debts and I live with the parents so... ..but feel sorry for you other people.

oldyouth · 24-07-2009 04:39PM

Mortgage managable, boss says job is secure (following 10% wage cut in Jan), no car loan, no credit card balance.

More going out than coming in per month 'cos son is student in college but this follows years of where I saved more than I spent, so that covers the shortfall.

No expensive tastes, pay all my bills and have a scoop most nights

Mr Benevolent · 24-07-2009 04:45PM

sheepshagger wrote: »

How do you manage that when the Dole is what 200 notes a week, are you living on a redundancy payout (just as a matter of interest).

Nah, I'm living at home. Half of the initial dole lump sum paid for flight, visa and travel insurance . Please note I'm not doing anything illegal as I'm still looking for a job.

oppenheimer1 · 24-07-2009 04:47PM

Financially I'm doing quite well. Money in the bank, no loans or debt and starting a new job in a few weeks. Life couldn't be better

Tupins · 24-07-2009 04:49PM

I'm pretty much constantly worried about money. I work in admin, earn about €470 per week. Husband is a tradesperson and has had only very occassional work since christmas so is now on the dole. (€200).

We have credit union loan of about €6k, rent €900 per month and owe €1600 to credit card. No savings at all.

We sort of live week to week. Anything unforseen is a huge deal.

Just hoping he'll get more work soon - that or win the lotto!!:o

narwog81 · 24-07-2009 04:51PM

was looking over bank statements yesterday and noticed a discrepancy on my loan repayments - had overpaid for 2 months and got a €660 refund. happy days:D

Grandadsbear · 24-07-2009 04:51PM

soundsham wrote: »

fine thanks 6.5k in credit union, 3k in bank savings, €200 doleper week €500cash at the moment per week from local farmer, handy going to orlando soon,medical card, and living with the oh, no rent well €33.70 per week not too bad she got new house off social last nov fully decked out,and she got a job in the local so gets between €160-€190 per week cash, handy keeps the cars on the road for the year.......happy days;)

You should be ashamed...:mad:claiming dole while getting cash in hand. No wonder the national debt is so bad with false claims such as yours.

Raskolnikov · 24-07-2009 04:56PM

Had to shoot my butler. Can you believe he had the cheek to start asking for daily food rations?

hardcore · 24-07-2009 04:58PM

24k savings, 17k car probably worth 13k now, no debt, no loans. I guess I'm doing ok for the age of 23. I still spend about 1000 a month though its hard to keep below that petrol one of the main reasons

Ruu_Old · 24-07-2009 05:02PM

Plenty saved, invest in mutual funds and stocks, pay mortgage and no car loan. You really have to be savvy when it comes to financial products in the USA I have found since moving from Ireland 4 years ago. My wife and I have good jobs, they are fine. I recently got lucky enough to refinance to a lower interest rate and knocked a few years off the loan when there are so many who can't keep up with payments these days.

antongiu · 24-07-2009 05:06PM

i have 20k in my saving account, i have 500 cash in my wallet, i've just bought a new expensive watch, i don't have a mortgage because i was not so stupid to buy a house when the prices were crazy, I don't drive an expensive car but i go around with my scooter and i don't spend my whole salary in booze as my irish colleagues do.

hardcore · 24-07-2009 05:07PM

toronto80 wrote: »

just had a glance at my balance there and it's frightening.

balance: 1450
savings: 2500

my outgoings per month are roughly 1200 which leaves me with f all money for the month oh and i have a loan also which still has another 5k to be paid off (probably not a good idea to have savings then i know). this ain't going to be a charitable month for me.

loan+rent = torture

OP you should clear your loan with your savings, its costing you more interest on it than what you are gaining on your savings. There is surely ways of cutting that 1200 expenditure every week? I'm currently working on mine looking at all areas. Whats your rent like a month?

soundsham · 24-07-2009 05:31PM

IvyTheTerrible wrote: »

Another deserving dole receiver....:rolleyes:

you dont know my cicumstances i was out of work at least 8 weeks since last summer 08,how would you manage?

i tried working hard paying my taxes as a plasterer and i did now i'm out of work cant get a factory job either, now i do the odd nixer but i dont have as much time now(generally give they nixer to a buddy he might throw me €20-50 if he makes a killing) as i took a job off a local farmer that i played a bit of golf with, meant to be 3 days a week €100 a day, just happened that things are going well and he now has more time on his hands to go to 1 or 2 more markets etc. so now i do 5-6 days a week cause he has the extra cash,but he knows i rather not work saturdays as i like to golf on sat morn, he can't afford to put me on the books insurance,holidays pay taxes etc.i'm doing my best for my family,trying to give them what i never had,
have a look at the guy working next to you or if you were told 35% to 50% of your office/factory or whatever were for the chop, as has happened in my trade i gaurentee you would not be interested in anyone bar no.1

JONJO THE MISER · 24-07-2009 05:43PM

Ive saving every penny i can, i even down to adding water to my tesco value orange juice to make it last longer.

hardcore · 24-07-2009 05:50PM

JONJO THE MISER wrote: »

Ive saving every penny i can, i even down to adding water to my tesco value orange juice to make it last longer.

Hence the username. I think there should be a balance in the amount you save/invest and spend. I still find time to take a few hols a year, gigs, go out for dinner with the gf and also save a bit.

I dont tend smoke or drink much so that would have a huge affect on my spending. Too many people spend crazy amounts of money on drink over here.

stoblerone · 24-07-2009 05:57PM

Welcome to the State Circus, where all of us will have to learn to become world class jugglers of what cash we have left in our wallets.

As we learn how to juggle we watch the Celtic Tiger (a shadow of its former self) over there in the corner, malnourished, limping and humilated into performing tricks for a scrap here and a scrap there. He (if indeed it is a 'he') is tired and afraid that he won't be able to go on and will be put out on the street where hunters will slaughter him so they can extract some ingredient for curing impotence or some other nonsense-cure.

But we don't have to worry. Special classes will be provided for in the next Budget. For example, these classes will target those self-employed magicians amoung us, who have worked hard and paid their taxes over the years, will learn to pluck cash from thin, as of yet untaxed air, so they can to maintain their struggling businesses, all because the banks refuse to advance them credit.

Here lies the Great Paradox of the current state of affairs. Only because of the likes of these hard working tax-paying magicians, that some clowns in that other circus in Leinster House could guarantee deposits to the banks and bail out others, the gluttonous Boards of which, were they in a position to have young, they would gladly consume them if it meant that it would generate short sighted profits and impoverish those who have actually saved their skins.

Biggins · 24-07-2009 05:59PM

One of the lucky few.

abouttobebanned · 24-07-2009 06:01PM

toronto80 wrote: »

just had a glance at my balance there and it's frightening.

balance: 1450
savings: 2500

my outgoings per month are roughly 1200 which leaves me with f all money for the month oh and i have a loan also which still has another 5k to be paid off (probably not a good idea to have savings then i know). this ain't going to be a charitable month for me.

loan+rent = torture

I'm in your situation. Just without the balance and savings.

Renegade_Archer · 24-07-2009 06:06PM

Living in Ireland I was more or less month to month; working in the US now, I have 5-figure savings and a reasonable surplus left over every month. I consider myself very lucky, and am saving like a b*stard, because I've no idea how long the good times will last.

K4t · 24-07-2009 06:30PM

I'd gladly wager that if everyone who has posted in this thread stopped buying alcohol and tobacco for three months, any financial problems they have would be severely eased. They really are horrendous wastes of money. Drop them for three months and save what you would ordinarily spend on them. I've been doing this for a month so far. Going out has been just as much fun without the booze tbh, especially knowing that my savings a/c is constantly rising.

soundsham · 24-07-2009 06:53PM

K4t wrote: »

I'd gladly wager that if everyone who has posted in this thread stopped buying alcohol and tobacco for three months, any financial problems they have would be severely eased. They really are horrendous wastes of money. Drop them for three months and save what you would ordinarily spend on them. I've been doing this for a month so far. Going out has been just as much fun without the booze tbh, especially knowing that my savings a/c is constantly rising.

that would be a barrel of laughs......sorry have to pint when out, cut the smokes nearly right out though
buying half sliced pans and only pints of milk too, frrezing half of each till next week helps savings too!!

SIX PACK · 24-07-2009 07:07PM

On the dole myself since i came back from Au in March (wasnt easy to find a job there) its ok get €204 + €56 rent allowance & Medical card livin wit the girlfriend she works our rent is €440 a month all bills included, its get -by-able i dont hav any loans thank god, dont hav a car since i lost my job as a Civil Eng. so it dont make sense payin for 1 if i dont hav a job at present, but is handy living off Town Centre

galwayrush · 24-07-2009 07:10PM

Bad enough, i have a final demand from the tax man for €25,000 give or take a few euro, and i can't find the money to pay it because some of my clients have gone into liquidation and leaving me without approx €55,000 .

I'm finding it almost impossible to get paid from some current clients because they say they can't get money released from their banks.:mad:

Lexus1976 · 24-07-2009 07:37PM

toronto80 wrote: »

just had a glance at my balance there and it's frightening.

balance: 1450
savings: 2500

my outgoings per month are roughly 1200 which leaves me with f all money for the month oh and i have a loan also which still has another 5k to be paid off (probably not a good idea to have savings then i know). this ain't going to be a charitable month for me.

loan+rent = torture

Thats insane and you know what your doing wrong.

Loan 5K interest rate (10% +)
Savings 2.5K interest rate (2.5%)

Pay off as much of the loan as you can and restructure the car loan.
You will be much more better off in the long run and then you can start your savings plan with a larger lumpsum everymonth.

Lexus1976 · 24-07-2009 07:40PM

galwayrush wrote: »

Bad enough, i have a final demand from the tax man for €25,000 give or take a few euro, and i can't find the money to pay it because some of my clients have gone into liquidation and leaving me without approx €55,000 .
I'm finding it almost impossible to get paid from some current clients because they say they can't get money released from their banks.:mad:

2 options: remortgage to pay off debts or file for bankruptcy and get all debts written off.

Naos · 24-07-2009 07:54PM

soundsham wrote: »

you dont know my cicumstances i was out of work at least 8 weeks since last summer 08,how would you manage?

i tried working hard paying my taxes as a plasterer and i did now i'm out of work cant get a factory job either, now i do the odd nixer but i dont have as much time now(generally give they nixer to a buddy he might throw me €20-50 if he makes a killing) as i took a job off a local farmer that i played a bit of golf with, meant to be 3 days a week €100 a day, just happened that things are going well and he now has more time on his hands to go to 1 or 2 more markets etc. so now i do 5-6 days a week cause he has the extra cash,but he knows i rather not work saturdays as i like to golf on sat morn, he can't afford to put me on the books insurance,holidays pay taxes etc.i'm doing my best for my family,trying to give them what i never had,
have a look at the guy working next to you or if you were told 35% to 50% of your office/factory or whatever were for the chop, as has happened in my trade i gaurentee you would not be interested in anyone bar no.1

soundsham wrote: »

fine thanks 6.5k in credit union, 3k in bank savings, €200 doleper week €500cash at the moment per week from local farmer, handy going to orlando soon,medical card, and living with the oh, no rent well €33.70 per week not too bad she got new house off social last nov fully decked out,and she got a job in the local so gets between €160-€190 per week cash, handy keeps the cars on the road for the year.......happy days;)

Blood...boiling.

I don't know how to phrase this without attacking you but I'll try my best:

These are the actions of a scumbag. I hope you are caught very soon.

Four-Percent · 24-07-2009 08:08PM

soundsham wrote: »

i tried working hard paying my taxes as a plasterer and i did now i'm out of work cant get a factory job either, now i do the odd nixer but i dont have as much time now(generally give they nixer to a buddy he might throw me €20-50 if he makes a killing) as i took a job off a local farmer that i played a bit of golf with, meant to be 3 days a week €100 a day, just happened that things are going well and he now has more time on his hands to go to 1 or 2 more markets etc. so now i do 5-6 days a week cause he has the extra cash,but he knows i rather not work saturdays as i like to golf on sat morn, he can't afford to put me on the books insurance,holidays pay taxes etc.i'm doing my best for my family,trying to give them what i never had,
have a look at the guy working next to you or if you were told 35% to 50% of your office/factory or whatever were for the chop, as has happened in my trade i gaurentee you would not be interested in anyone bar no.1

Ah, ye poor fella. Where would ya be without your pints or your golf on a saturday morning?Sure everyone knows you can't go out without drinking, and that you can't work weekends if you like to play golf...

hardcore · 24-07-2009 08:12PM

soundsham wrote: »

you dont know my cicumstances i was out of work at least 8 weeks since last summer 08,how would you manage?

i tried working hard paying my taxes as a plasterer and i did now i'm out of work cant get a factory job either, now i do the odd nixer but i dont have as much time now(generally give they nixer to a buddy he might throw me €20-50 if he makes a killing) as i took a job off a local farmer that i played a bit of golf with, meant to be 3 days a week €100 a day, just happened that things are going well and he now has more time on his hands to go to 1 or 2 more markets etc. so now i do 5-6 days a week cause he has the extra cash,but he knows i rather not work saturdays as i like to golf on sat morn, he can't afford to put me on the books insurance,holidays pay taxes etc.i'm doing my best for my family,trying to give them what i never had,
have a look at the guy working next to you or if you were told 35% to 50% of your office/factory or whatever were for the chop, as has happened in my trade i gaurentee you would not be interested in anyone bar no.1

Is this guy for real?

how desperate is your financial situation?

Comments