cossack Posted March 18, 2008 Share Posted March 18, 2008 it has baffeled me for a long time now and more so now, where do people continually seem to find their endless supply of money, we have all heard it on the news etc but every time i go past the shopping centres and threw towns they are heaving, i personally know a few people who have lower wages than me, a huge mortage, 2 cars on the door (of corse one always has to be a BM) out every weekend and i just wonder how da **** do you do it, is lots of people in debt to the balls or am i just poor as **** ! Quote Link to comment Share on other sites More sharing options...
marbleapple Posted March 18, 2008 Share Posted March 18, 2008 I think that we do have a spend culture today but then if banks will lend the money and you can pay it back then why not? My Clare is an insolvency specialist. She informs me that its not the banks that make people bankrupt but the councils for not paying rates.... It seems banks would rather just keep charging you. Quote Link to comment Share on other sites More sharing options...
marcAB10 Posted March 18, 2008 Share Posted March 18, 2008 everybody is in Debt basically.... Quote Link to comment Share on other sites More sharing options...
mikeyb10supra Posted March 18, 2008 Share Posted March 18, 2008 ha ha its funny you should mention this mate...I earn fairly well for my age and share the mortgage with my Fiance and have close freinds and one couple in particular who I earn more than both of them put together, yet they are getting married in september, and off to the maldives for their honeymoon and have just brought a house, but saying that, the only debt I have is the mortgage and credit card of £600. Maybe the grass aint always greener mate, maybe me and you just have a hell of a lot less debt than others Quote Link to comment Share on other sites More sharing options...
juanchan Posted March 18, 2008 Share Posted March 18, 2008 I think it's relative. I personally hate being in debt, even borrowing £50 off a mate. I found out recently what one friend owes on a credit card and my first thought was "how the hell do you sleep at night owing that much?!". Obviously I have to not think about my mortgage too often or I'd faint quite frequently Quote Link to comment Share on other sites More sharing options...
marbleapple Posted March 18, 2008 Share Posted March 18, 2008 I think age also has something to do with it. My dad is anal about borrowing but I think younger generations are more used to it. Quote Link to comment Share on other sites More sharing options...
Al Massey Posted March 18, 2008 Share Posted March 18, 2008 i think myself lucky after being in debt and getting out of it, i owe a bit but mainly bills and the like but my mate married a canadian after we were there on exercise for 6 days and when she came back to the uk she rang up £39,000 debt and didnt even buy a house she went back to canada and hes still paying the debt Quote Link to comment Share on other sites More sharing options...
keancy Posted March 18, 2008 Share Posted March 18, 2008 Actually we ain't loaded, just about get by really. We rent don't own as we wouldn't get a mortgage. Yet my Bro-in-law is on disability and my sis-in-law don't work and they go out and do more things then we can It's a bit f***ed up that. Quote Link to comment Share on other sites More sharing options...
bmx1lew Posted March 18, 2008 Share Posted March 18, 2008 well im about 14.5k in debt i should be out of it in 5 years but really im going to in even more debt if i dont get a higher paid job or flee the country for 6 year lol but nowt i can do really gotta keep paying my way and hope for the best, if i move to london i could more then double my wage with my qualifications and even people doing the same job as me in bristol for the same company earn a extra 13k more, apparently it's cost of living, like shi*te is bristol more expensive to live then durham! Quote Link to comment Share on other sites More sharing options...
keancy Posted March 18, 2008 Share Posted March 18, 2008 well im about 14.5k in debt i should be out of it in 5 years but really im going to in even more debt if i dont get a higher paid job or flee the country for 6 year lol but nowt i can do really gotta keep paying my way and hope for the best, if i move to london i could more then double my wage with my qualifications and even people doing the same job as me in bristol for the same company earn a extra 13k more, apparently it's cost of living, like shi*te is bristol more expensive to live then durham! Try living in Cornwall. Nice here and all but when it comes to wages they are way behind yet cost of living way ahead Lose,lose situation to be honest. I am only just above the minimum wage. Quote Link to comment Share on other sites More sharing options...
RedM Posted March 18, 2008 Share Posted March 18, 2008 I don't know how people do it. I'm about 12k in debt and I've got rid of almost everything that costs me money so that I can pay off the debts sooner rather than later. I earn a crap wage and I have zero luck when applying for new jobs. Even when I get some money, such as for my birthday, I can't bring myself to buy some of the things I'd like. I don't know how some people manage to sleep when they just keep borrowing to spend. Quote Link to comment Share on other sites More sharing options...
bmx1lew Posted March 18, 2008 Share Posted March 18, 2008 im not on allot at all less then £10 a hour, i should be on 28 to 36k for the north east but who i work for have really won one over on me and others, basicly came into the job as a 2nd line/3rd line IT analysis, however the contract says title may change at any time, so basicly i got put on a project team, I now should be classed as a Sap consultant, i'm also touching on the Sap hr side which is mega bucks!, yet they wont pay for me to get qualified, I work with a team of 12 supporting sap for the BBC, yet some one who works at asda full time can almost earn the same as me without any qualifications or expirence! been fighting with the union at work about this and there offering 2% rise, 2% is a joke! Quote Link to comment Share on other sites More sharing options...
far Posted March 18, 2008 Share Posted March 18, 2008 im not on allot at all less then £10 a hour, i should be on 28 to 36k for the north east but who i work for have really won one over on me and others, basicly came into the job as a 2nd line/3rd line IT analysis, however the contract says title may change at any time, so basicly i got put on a project team, I now should be classed as a Sap consultant, i'm also touching on the Sap hr side which is mega bucks!, yet they wont pay for me to get qualified, I work with a team of 12 supporting sap for the BBC, yet some one who works at asda full time can almost earn the same as me without any qualifications or expirence! been fighting with the union at work about this and there offering 2% rise, 2% is a joke! move jobs for a company who pays for what you do - simple Quote Link to comment Share on other sites More sharing options...
far Posted March 18, 2008 Share Posted March 18, 2008 ...on a side note I am baffled how some of you can afford to run supras when you have so much owed out! This probably ties in with the topic of the original post. Quote Link to comment Share on other sites More sharing options...
Gazboy Posted March 18, 2008 Share Posted March 18, 2008 It'll all come home to roost when these people need to remortgage and can't get a rate for less than 13% in the next 12 months. If you're in debt pay them off asap as there is a world of trouble coming our way. Quote Link to comment Share on other sites More sharing options...
Daston Posted March 18, 2008 Share Posted March 18, 2008 I am on around 14k a year got a 88k morgtgage and 2k on my credit card, I know people who are on the same as me with nearly 10x that. Quote Link to comment Share on other sites More sharing options...
far Posted March 18, 2008 Share Posted March 18, 2008 I am on around 14k a year got a 88k morgtgage and 2k on my credit card, I know people who are on the same as me with nearly 10x that. yeah thats pretty stable dude - nice one! Quote Link to comment Share on other sites More sharing options...
RiceRocket Posted March 18, 2008 Share Posted March 18, 2008 I don't know how some people manage to sleep when they just keep borrowing to spend. Because it too easy get credit/loans (although the credit crunch should soon restrict it), I know because I ended up having 11 credit cards and 2 loans before I wised up . Quote Link to comment Share on other sites More sharing options...
2JG Posted March 18, 2008 Share Posted March 18, 2008 What gets me is that the cost of living keeps going up and up with taxes etc, yet our salaries and pay rises don't increase at the same rate. Apparently in the industry I work in, my salary is in line with other similar industry sectors along the south coast. Yet if I worked in London for someone like JP Morgan/Cazenove and the like I could earn about an extra £5000-£10000. But with that would come the choice of either commuting back and forth or moving closer to London, which would soon swallow up that extra income and leave me in the same situation. I was really stupid with my money in my early twenties and it has taken me many years to get myself out of debt and had to stay at home to get myself out of it, so while I still get on well with my folks I'm taking the opportunity now to save hard so I can at least put a decent deposit down on a property, hopefully the house prices will dip in about 5 years Quote Link to comment Share on other sites More sharing options...
probrox Posted March 18, 2008 Share Posted March 18, 2008 My partner and I are both 26 and haven't got any debts at all yet, but ats only because we can't afford a mortgage for a property in our area (average cost £160,000). We're both on reasonable salaries for our age but everyone else I know, especially the ones that don't work, always seem to have more money available to spend. I started thinking recently that I don't earn enough to maintain a Supra, even though its only an NA. I came to the conlusion that everyone else on here must have high profile jobs earning several times my salary to afford all the mods. Quote Link to comment Share on other sites More sharing options...
RiceRocket Posted March 18, 2008 Share Posted March 18, 2008 I was really stupid with my money in my early twenties and it has taken me many years to get myself out of debt and had to stay at home to get myself out of it, so while I still get on well with my folks I'm taking the opportunity now to save hard so I can at least put a decent deposit down on a property, hopefully the house prices will dip in about 5 years Yep that's me now. Bring on the 2013 house crash I'd say. Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted March 18, 2008 Share Posted March 18, 2008 Scary. Don't get me started on this! Quote Link to comment Share on other sites More sharing options...
2JG Posted March 18, 2008 Share Posted March 18, 2008 Yep that's me now. Bring on the 2013 house crash I'd say. Oh Yes!! Quote Link to comment Share on other sites More sharing options...
cossack Posted March 18, 2008 Author Share Posted March 18, 2008 fair play for some of you being honest and revealing your debts, i really didnt think there would be as many, every time i was on here i was wondering how do they afford it? it took me months pissing around before i bought my exhaust and that was only 350 squid! im a bit more of a horder, ive money in the bank and little debt besides a mortage which is very small, i really feel for all you guys out there trying to get a house, it should be a natural step in life but due to a lot of greedy people some people may NEVER own one! Quote Link to comment Share on other sites More sharing options...
bmx1lew Posted March 18, 2008 Share Posted March 18, 2008 well to be honest im shocked to see a few people on a lower or similar wage, i also thought every one was on mega bucks, but still how do you all aford your mods if paying out so much and earning not so much? Quote Link to comment Share on other sites More sharing options...
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