Is it just me or is everyone broke!!

Dowl88 · 28-08-2014 12:57PM

Bob.Carcass wrote: »

You're on 30k and too pretentious to rent a studio or share with others, that's not the economies fault, that's yours.

I am paying 550 for a nice three bedroom house but 120 km away from Dublin. Renting out two rooms for 185 each to friends

In Lonesome Dove · 28-08-2014 12:59PM

OP, you are definately not alone. I'm underemployed and living back at home. Bills are minimal as in I or my mam, we don't have cars or the expenses associated with them, or house insurance or a sky package. I find my wage just melts away and I'm living sensibly enough in that I don't go out drinking and boozing.

Grayson · 28-08-2014 01:00PM

Caliden wrote: »

It's not just you.

I've got a reasonably paid job but every month I find myself with less than 50 left in it.

No idea where I'm going wrong. I think it's a case of Parkinson's law, http://en.wikipedia.org/wiki/Parkinson's_law , only in this case with money. i.e. I'll spend whatever I have.

So this month I'm going to try something different, instead of trying to keep spending low so that I have something to save at the end. Take 100-200 out at the start of the month and put it somewhere.

I did up a weekly budget and added everything up. then I took out the amount i needed and told myself i wouldn't withdraw any-more. I get paid tomorrow. Last week it looked like I'd have 200 left over but I now have exactly 13 left. Bills came out early.

It's nuts that no matter how you budget, you still come out with nothing.

Irish Halo · 28-08-2014 01:00PM

ClareP1983 wrote: »

after paying all my bills

seamus wrote: »

Pretty much impossible to say without knowing what falls under the heading of "bills" and how much she earns.

+1

Look at your bills, outside the utilities do you need those services and products? What is on your c/c bill? Those things can build up very easily in a month.

anncoates · 28-08-2014 01:01PM

If the job is good and the person is budgeting themselves, obviously there must be additional outgoings - mortgage, debt repayments to be that broke.

I don't really now what everybody considers a good wage ether. 60k or over?

seamus · 28-08-2014 01:03PM

Dowl88 wrote: »

I am paying 550 for a nice three bedroom house but 120 km away from Dublin. Renting out two rooms for 185 each to friends

That's your choice, I'm not sure why it sickens you.

You hardly expect to be able to rent the same house in Dublin for that money?

Dowl88 · 28-08-2014 01:03PM

anncoates wrote: »

I don't really now what everybody considers a good wage ether. 60k or over?

It depends on circumstances really, living in or outside Dublin, single, married with kids etc.

Get a nice house outside Dublin for 550, while inside Dublin there like 1300?

seamus · 28-08-2014 01:05PM

anncoates wrote: »

I don't really now what everybody considers a good wage ether. 60k or over?

Depends on what kind of life you expect to have. €30k - €40k is a good wage for a single person with no dependents; plenty of money there to enjoy oneself.

LiamKK1982 · 28-08-2014 01:05PM

They might say they're broke but they'll be strutting around with an iphone 6 in a few weeks, I'm saving up for a used iphone 5, I'm po' white trash

geret · 28-08-2014 01:06PM

Dowl88 wrote: »

I am paying 550 for a nice three bedroom house but 120 km away from Dublin. Renting out two rooms for 185 each to friends

I bet you have the best room even though your friends pay more rent than you

squeekyduck · 28-08-2014 01:06PM

Its not just you OP. A lot of my friends are living hand to mouth each week, got forbid they got sick and miss a weeks wages.

The problem I see is the general cost of goods. I was in Tesco UK and as an example kerrygold butter is £1.40 (€1.60 ish), in Tesco Ireland its €3. Thats a product made in Ireland and it works out cheaper abroad. I know there are costs in wages, VAT etc but to have an Irish product costing more in its country of origin is ridiculous.

There are so many examples but unfortunately the Irish just keep getting shafted on price. Add in a higher tax rate and you see the average person getting squeezed even more and more.

smash · 28-08-2014 01:06PM

Dowl88 wrote: »

I am paying 550 for a nice three bedroom house but 120 km away from Dublin. Renting out two rooms for 185 each to friends

That's 240km a day you drive... your 370 that you make from the rent is easily going to be chewed up by fuel costs in a month doing mileage like that. I'd suggest you take your 550+370 and get a 1 bed apartment in Dublin!

Sugar Free · 28-08-2014 01:10PM

anncoates wrote: »

I don't really now what everybody considers a good wage ether. 60k or over?

I think that's a 'How long is a piece of string question' e.g.

- Graduate on 25K in Dublin City = fecked
- No mortgage, no family accountant on 60K = fine

60K is about 3300 a month which for someone not in a lot of debt or with no kids should be enough to live comfortably, even in Dublin.

seamus · 28-08-2014 01:12PM

squeekyduck wrote: »

The problem I see is the general cost of goods. I was in Tesco UK and as an example kerrygold butter is £1.40 (€1.60 ish), in Tesco Ireland its €3. Thats a product made in Ireland and it works out cheaper abroad. I know there are costs in wages, VAT etc but to have an Irish product costing more in its country of origin is ridiculous.

Kerrygold 250G is £1.60 (€2.01) in Tesco UK.
227G is €1.69 in Tesco IE

That's 8% more expensive in the UK than in Ireland (€8.04/KG -v- €7.44/KG)

Our groceries are cheaper than we think they are in many ways, part ofthe problem is that we tend to rely too much on pre-packed or specialist foods rather than home-produced and/or fresh foods in season.

skywalker · 28-08-2014 01:13PM

Caliden wrote: »

It's not just you.

I've got a reasonably paid job but every month I find myself with less than 50 left in it.

No idea where I'm going wrong. I think it's a case of Parkinson's law, http://en.wikipedia.org/wiki/Parkinson's_law , only in this case with money. i.e. I'll spend whatever I have.

So this month I'm going to try something different, instead of trying to keep spending low so that I have something to save at the end. Take 100-200 out at the start of the month and put it somewhere.

I got the tip years ago that you treat savings as a bill. Pay it out at the start with all the other outgoings. That way you are only likely to dip into savings towards the end of the month if you really need it for something, as opposed to it being in your current a/c where its easy to take 20/50 whatever back.

28-08-2014 01:13PM

smash wrote: »

That's 240km a day you drive... your 370 that you make from the rent is easily going to be chewed up by fuel costs in a month doing mileage like that. I'd suggest you take your 550+370 and get a 1 bed apartment in Dublin!

I think he's paying 550 minus 185x2

desertcircus · 28-08-2014 01:14PM

A 240km round trip for work is complete madness. You're not even stuck in the house - you're renting, so you can move closer to work.

Mr. CooL ICE · 28-08-2014 01:15PM

I'm so broke that I agreed to make another Ghost Rider

dub_skav · 28-08-2014 01:18PM

smash wrote: »

That's 240km a day you drive... your 370 that you make from the rent is easily going to be chewed up by fuel costs in a month doing mileage like that. I'd suggest you take your 550+370 and get a 1 bed apartment in Dublin!

This kind of financial calculation might explain why people are struggling :pac:

squeekyduck · 28-08-2014 01:18PM

seamus wrote: »

Kerrygold 250G is £1.60 (€2.01) in Tesco UK.
227G is €1.69 in Tesco IE

That's 8% more expensive in the UK than in Ireland (€8.04/KG -v- €7.44/KG)

Our groceries are cheaper than we think they are in many ways, part ofthe problem is that we tend to rely too much on pre-packed or specialist foods rather than home-produced and/or fresh foods in season.

It certainly wasn't that price when I was in Tesco a few weeks ago, I don't want to derail this thread so I will agree with you on your post. There was possibly a price change.

My point is that the cost of goods are too high when you compare with our neighbors. Alcohol, food, petrol is all too high. I know this first hand as I dread having to travel back to Ireland especially when I am in a main European city.

I will give Ireland one positive for cost, and that is car insurance, it has to be among the cheapest in Europe but I wish I could say that against the other goods.

anncoates · 28-08-2014 01:19PM

seamus wrote: »

Depends on what kind of life you expect to have. €30k - €40k is a good wage for a single person with no dependents; plenty of money there to enjoy oneself.

Aye like you say too many undeclared variables.

That's why I thought even a single person on the wage you say could run a car and pay rent and not be broke unless there are other things like debts.

Shiraz 4.99 · 28-08-2014 01:20PM

OP, just go into debt, you deserve a life.

“And dying in your beds
many years from now
would you be willin’ to trade ALL the days
from this day to that
for one chance
just one chance
to come back here and tell the state
that they may take our lives, but they’ll never take… OUR NEED TO PARTY”

draiochtanois · 28-08-2014 01:21PM

This post has been deleted.

smash · 28-08-2014 01:22PM

dub_skav wrote: »

This kind of financial calculation might explain why people are struggling :pac:

bluewolf wrote: »

I think he's paying 550 minus 185x2

Jesus, my brain is broken today!

squeekyduck · 28-08-2014 01:25PM

draiochtanois wrote: »

This post has been deleted.

The point was to compare the same product within the same supermarket chain across different countries to see how much it cost.

Your statement is correct, you can find cheaper alternatives but irrelevant in this case.

JOSman · 28-08-2014 01:26PM

Cheers,

Thanks for the reminder, must put up the price of the pint.

J:D

Talib Fiasco · 28-08-2014 01:28PM

Meh I'm 20 and have more savings than most 30 year old couples.

anncoates · 28-08-2014 01:30PM

Talib Fiasco wrote: »

Meh I'm 20 and have more savings than most 30 year old couples.

http://i.dailymail.co.uk/i/pix/2010/11/21/article-1331825-0C1A7676000005DC-790_468x286.jpg

donegal__road · 28-08-2014 01:31PM

smash wrote: »

People keep saying the recession is over but I don't see wages rising... all I see is:

More stealth taxes
Rents going up
Property values going up
The cost of products going up
The cost of services going up

People = the state sponsored media.

Its all spin my friend.

BlimpyBoy · 28-08-2014 01:34PM

Talib Fiasco wrote: »

Meh I'm 20 and have more savings than most 30 year old couples.

http://i.imgur.com/t8IHP.gif

Is it just me or is everyone broke!!

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