Living within your means...

Daegerty · 20-02-2011 11:22PM

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 · 20-02-2011 11:27PM

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 · 20-02-2011 11:28PM

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 · 20-02-2011 11:31PM

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 · 20-02-2011 11:34PM

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 · 20-02-2011 11:35PM

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 · 20-02-2011 11:39PM

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 · 20-02-2011 11:39PM

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 · 20-02-2011 11:50PM

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.

20-02-2011 11:51PM

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 · 20-02-2011 11:51PM

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 · 20-02-2011 11:55PM

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 · 20-02-2011 11:56PM

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 · 20-02-2011 11:59PM

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 · 21-02-2011 12:03AM

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 · 21-02-2011 03:34AM

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 · 21-02-2011 10:12AM

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 · 21-02-2011 11:12AM

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 · 21-02-2011 11:26AM

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 · 21-02-2011 01:05PM

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.

RoisinDove · 21-02-2011 02:26PM

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.

This is really unfair. I suppose I'm officially a Celtic Tiger cub and I have none of those luxuries at all. Neither do any of my friends. I haven't had a TV in about 4 years (had a small portable from the 90's and sold it for food money), never been able to afford driving lessons, let alone a car and never go on holidays. I'm really struggling because I need some interview clothes and I can't afford them, even Penneys is a stretch. So don't think everyone is splashing out left, right and centre. Plenty of people are on very low wages or intern wages. The only luxury I really have is a meal out fairly often (but nowhere fancy) and a few pints in the pub. What's the point in living if you can't even afford that? If I were on a good salary, I'm sure I would treat myself a bit.

jackiebaron · 21-02-2011 03:59PM

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?

What about the ones who lost everything because they followed the "expert" advice of bankers and financial advisors? Didn't they "make mistakes"?

If a guy goes to the doctor and the doctor advises him to take s certain cocktail of medication everyday and the guy goes fcuking blind or develops neurological problem or some sh!t are you going to point the finger at the patient and say "Ha! You sap! Serves you right, dickhead!" ??

sbsquarepants · 21-02-2011 04:10PM

RoisinDove wrote: »

This is really unfair. I suppose I'm officially a Celtic Tiger cub and I have none of those luxuries at all. Neither do any of my friends. I haven't had a TV in about 4 years (had a small portable from the 90's and sold it for food money), never been able to afford driving lessons, let alone a car and never go on holidays. I'm really struggling because I need some interview clothes and I can't afford them, even Penneys is a stretch. So don't think everyone is splashing out left, right and centre. Plenty of people are on very low wages or intern wages. The only luxury I really have is a meal out fairly often (but nowhere fancy) and a few pints in the pub. What's the point in living if you can't even afford that? If I were on a good salary, I'm sure I would treat myself a bit.

You sold your telly so you could go out for dinner?
Hardcore!!:)

RoisinDove · 21-02-2011 04:18PM

sbsquarepants wrote: »

You sold your telly so you could go out for dinner?
Hardcore!!:)

No, it's even sadder than that. Had to pay for several GP visits one month, so the TV had to go so I could buy some Tesco Value beans, tomato sauce and pasta. I've kind of gotten used to not having one now.

SamSamSammy · 21-02-2011 04:30PM

Some people are just thick with money.

You sit on one side or the other, the saver or the spender.

On the matter of holidays, I have been on them yes, but I never understand how people view them, you spend 1,000 on a holiday for a week...one get one week and then its a memory (an amazing experience they say)....you spend 1,000 on a couch, tv, netbook and you'll get a year (at the very least) enjoyment off of them. I'd rather the stuff for a year than a week away.

Its amusing sometimes; Irelands whole boom was based on credit. Not actual money. We have the egos of being rich, without being rich at all just in debt.

There is nothing more annoying however, than a spender who complains about being broke. Again with the thickness there. :pac:

foxyboxer · 21-02-2011 04:39PM

SamSamSammy wrote: »

Its amusing sometimes; Irelands whole boom was based on credit. Not actual money. We have the egos of being rich, without being rich at all just in debt.

They have a phrase for these people in Texas.

BIG HAT, NO CATTLE.

The rich people in Ireland before the boom were the old money families.
The rich people in Ireland after the boom are the old money families.

bluto63 · 21-02-2011 05:04PM

One thing that kind of confuses me is people who give out about how their house is only worth half what it used to be, but aren't trying to sell it. It was worth that much to you before, why should you think otherwise because someone else thinks it's worth less?

gbee · 21-02-2011 05:08PM

Two years ago I was earning some €4,000PM. I had to supply all tools, vehicle ect, would work nearly 24/7 for months at a time and everything was an emergency.

My January invoice 2011 is for €163.

krudler · 21-02-2011 05:16PM

I get this all the time, work in a bill department and get people screaming down the phone at us because they ran up huge bills and cant pay them. oh but of course they "need" their service once its gone, but are only too happy to not pay for it for months.

The sense of entitlement in this country is sickening at times, people seem to be shocked they're expected to pay for a service they've used in a timely manner. I had a guy recently who's internet was cut off and he was demanding we turn it back on as he couldnt afford to pay the 120 or so quid on the bill, I checked his last payment and I was in July, fcuking JULY! that means he'd been getting the net for free for over 6 months before he was cut off, yet he was the one telling us we were being unreasonable. ffs.

"oh but I need it!" well if you need it, pay for it, simple as that.

SamSamSammy · 21-02-2011 05:20PM

krudler wrote: »

I get this all the time, work in a bill department and get people screaming down the phone at us because they ran up huge bills and cant pay them. oh but of course they "need" their service once its gone, but are only too happy to not pay for it for months.

The sense of entitlement in this country is sickening at times, people seem to be shocked they're expected to pay for a service they've used in a timely manner. I had a guy recently who's internet was cut off and he was demanding we turn it back on as he couldnt afford to pay the 120 or so quid on the bill, I checked his last payment and I was in July, fcuking JULY! that means he'd been getting the net for free for over 6 months before he was cut off, yet he was the one telling us we were being unreasonable. ffs.

"oh but I need it!" well if you need it, pay for it, simple as that.

Probably spent the money on drink and smokes :pac:

I know a woman who "can't pay her esb bill" but smokes 40 a day. Go figure.

Living within your means...

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