FAMILIES are hurting more now than at the height of the global financial crisis
Jul 13th 2010, 10:59 am
#31
BE Forum Addict
Joined: Oct 2006
Location: Adelaide
Posts: 1,256
Re: FAMILIES are hurting more now than at the height of the global financial crisis
Are there any of you not in huge debt, and living happily in Oz?
Jul 13th 2010, 11:06 am
#32
BE Forum Addict
Joined: Jan 2007
Posts: 3,991
Re: FAMILIES are hurting more now than at the height of the global financial crisis
well i have decided to go treat myself to a bottle of wine tonight (got week off work) Clean skins $6 a bottle. will last 3 nights if im good. Reckon i deserve it hey
Jul 13th 2010, 11:08 am
#33
BE Forum Addict
Joined: Jun 2004
Location: Hills District
Posts: 1,399
Re: FAMILIES are hurting more now than at the height of the global financial crisis
Me!
Jul 13th 2010, 11:21 am
#35
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Re: FAMILIES are hurting more now than at the height of the global financial crisis
Yes. No credit card debt - maybe several hundred bucks.
Mortgage ~150k.
To be honest, we haven't had any financial crises since we arrived. We went through a small 'run out of money at the end of the month' patch about 3 years ago when we employed a garden help. Go figure.
The last few years have seen us well in credit at the end of the month and we've actually started to even throw it around a bit and overpay the mortgage - we're about 6 months ahead. New TV, and a new ironing board cover on order..infact we could save about $2500 a month on standard scales.
My wife and the kids have gone overseas every other year.
But I do run a very cool 300 dollar car and got a 35k redundancy package last year.
If my wife ever returns to work we could be quite comfortable.
Mortgage ~150k.
To be honest, we haven't had any financial crises since we arrived. We went through a small 'run out of money at the end of the month' patch about 3 years ago when we employed a garden help. Go figure.
The last few years have seen us well in credit at the end of the month and we've actually started to even throw it around a bit and overpay the mortgage - we're about 6 months ahead. New TV, and a new ironing board cover on order..infact we could save about $2500 a month on standard scales.
My wife and the kids have gone overseas every other year.
But I do run a very cool 300 dollar car and got a 35k redundancy package last year.
If my wife ever returns to work we could be quite comfortable.
Last edited by BadgeIsBack; Jul 13th 2010 at 11:24 am.
Jul 13th 2010, 11:27 am
#36
Fighting my corner
Joined: Aug 2005
Location: Adelaide, South Australia
Posts: 11,948
Re: FAMILIES are hurting more now than at the height of the global financial crisis
Yes. We have a credit card ($5,000 limit; we owe about $3,000), a reasonable house and a mortgage of $158,000. No personal loans; no car loans; no other debts. We overpay the mortgage by $100 a fortnight.
Jul 13th 2010, 11:28 am
#37
BE Enthusiast
Joined: Jun 2008
Posts: 730
Re: FAMILIES are hurting more now than at the height of the global financial crisis
Yes. No credit card debt - maybe several hundred bucks.
Mortgage ~150k.
To be honest, we haven't had any financial crises since we arrived. We went through a small 'run out of money at the end of the month' patch about 3 years ago when we employed a garden help. Go figure.
The last few years have seen us well in credit at the end of the month and we've actually started to even throw it around a bit and overpay the mortgage - we're about 6 months ahead. New TV, and a new ironing board cover on order..infact we could save about $2500 a month on standard scales.
My wife and the kids have gone overseas every other year.
But I do run a very cool 300 dollar car and got a 35k redundancy package last year.
If my wife ever returns to work we could be quite comfortable.
Mortgage ~150k.
To be honest, we haven't had any financial crises since we arrived. We went through a small 'run out of money at the end of the month' patch about 3 years ago when we employed a garden help. Go figure.
The last few years have seen us well in credit at the end of the month and we've actually started to even throw it around a bit and overpay the mortgage - we're about 6 months ahead. New TV, and a new ironing board cover on order..infact we could save about $2500 a month on standard scales.
My wife and the kids have gone overseas every other year.
But I do run a very cool 300 dollar car and got a 35k redundancy package last year.
If my wife ever returns to work we could be quite comfortable.
Jul 13th 2010, 11:33 am
#38
BE Enthusiast
Joined: Aug 2003
Location: 13th November Palm Cove
Posts: 693
Re: FAMILIES are hurting more now than at the height of the global financial crisis
Been skint since we moved here nearly 2 years ago, but things are getting slightly better, as we now have money nearly 7 days a week, but life goes on and can only get better 
Jul 13th 2010, 12:15 pm
#39
BE Forum Addict
Joined: Jun 2003
Location: Sydney beachside
Posts: 3,505
Re: FAMILIES are hurting more now than at the height of the global financial crisis
Jul 13th 2010, 12:22 pm
#40
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Re: FAMILIES are hurting more now than at the height of the global financial crisis
Have I not mentioned this a hundred times?
A 23 year old Saab 900i bought off Ebay. Nice car to drive, too. A little rust on the offside door. Looks great. My mechanic loves it and was grinning from ear to ear when he checked it out - all it needed was a set of tyres and a service.
It does need a new fuel pump but you know me - not one to fuss...
A 23 year old Saab 900i bought off Ebay. Nice car to drive, too. A little rust on the offside door. Looks great. My mechanic loves it and was grinning from ear to ear when he checked it out - all it needed was a set of tyres and a service.
It does need a new fuel pump but you know me - not one to fuss...
Jul 13th 2010, 12:53 pm
#41
BE Forum Addict
Joined: Oct 2005
Location: Perth
Posts: 3,453
Re: FAMILIES are hurting more now than at the height of the global financial crisis
Jul 13th 2010, 1:02 pm
#42
Mostly Harmless
Joined: Jan 2010
Location: Semi-rural wonderworld, Brisbane
Posts: 15,109
Re: FAMILIES are hurting more now than at the height of the global financial crisis
Arrived with 60k credit card debt, 5 years later have paid it off and am 35k ahead on home loan(s) ... spent 30k on car .. not earning mega bucks but have managed money/expectations sensibly.
Dual full/part time income yes but it is an attitude thing.
Damn straight we are happy, everyone is healthy, bills are paid, food is on table, life could be worse ...
Happy is relative and what you make it.
Dual full/part time income yes but it is an attitude thing.
Damn straight we are happy, everyone is healthy, bills are paid, food is on table, life could be worse ...
Happy is relative and what you make it.
Jul 13th 2010, 1:33 pm
#43
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Re: FAMILIES are hurting more now than at the height of the global financial crisis
Arrived with 60k credit card debt, 5 years later have paid it off and am 35k ahead on home loan(s) ... spent 30k on car .. not earning mega bucks but have managed money/expectations sensibly.
Dual full/part time income yes but it is an attitude thing.
Damn straight we are happy, everyone is healthy, bills are paid, food is on table, life could be worse ...
Happy is relative and what you make it.
Dual full/part time income yes but it is an attitude thing.
Damn straight we are happy, everyone is healthy, bills are paid, food is on table, life could be worse ...
Happy is relative and what you make it.
Any other success stories, or are we all sitting in parlours wearing fingerless
gloves and playing cards by candlelight?
Jul 13th 2010, 1:39 pm
#44
Mostly Harmless
Joined: Jan 2010
Location: Semi-rural wonderworld, Brisbane
Posts: 15,109
Re: FAMILIES are hurting more now than at the height of the global financial crisis
You know what, for many people with a few hundred bucks per month to allocate to a credit card debt, 60k is almost insurmountable. Even 3k would take all year to pay off. That you have done that and got ahead on the home loan makes you my star money manager ...for now...until someone else pipes up.
Any other success stories, or are we all sitting in parlours wearing fingerless
gloves and playing cards by candlelight?
Any other success stories, or are we all sitting in parlours wearing fingerless
gloves and playing cards by candlelight?
Not miraculous but needs the right relationship/circumstance to make it work.
Suffice to say I am more Financially Savvy these days.
Still happy though, I was 5 years ago and am now ..
Jul 13th 2010, 10:25 pm
#45
Guest
Posts: n/a
Re: FAMILIES are hurting more now than at the height of the global financial crisis
That says it all
Suffice to say, I too am happy here...
I do feel guilty for pushing up the credit card debt statistics, as I tend to have about $5,000 on the card at the end of each money, so it gets added into the official figures, but we do pay it off in full with the equivalent money in the savings account.
Suffice to say, I too am happy here...
I do feel guilty for pushing up the credit card debt statistics, as I tend to have about $5,000 on the card at the end of each money, so it gets added into the official figures, but we do pay it off in full with the equivalent money in the savings account.