Livable salary

[Daxin]

What do you guys think would be a good comfortable salary to live on?

[Speed_69]

comfortable? around $30,000/year

[finboy]

right now, living at home, 30/y would be nice, but being a student i make about 10/y :rofl: :rofl: :rofl:

[Shaolin]

I think 50 a year would be comfortable.

[lastprodigy]

*waiting on t-im to chime in with his regular $100K a yeah snobby remark*

either way it depends on a lot of things such as your age and family situation and whether you are single or not, 30-40K im sure would be fine for one person, but in no way would i ever be happy with it
:nut:

[LUDELVR]

Man, it's not how much you make...well, some of it is, but really, it's all about money managment! I've seen guys making less than 30,000 living quite well, while others who make over 100,000 struggling about and complaining about how they need to make more money! It's all in how you spend it...do you really need to spend 1000 on a fucking bag...I think not! Also, do we need to spend the shitloads of money that we do on our cars? haha, I think not!! :rofl:

[Weapon_R]

Without being entirely over the top, I think 50k is a reasonable amount (and the average income of Canadians)

[Davetronz]

I would say $30,000
It all depends on lifestyle tho.

[Ekliptix]

$50,000

[brandon]

$50,000 is livable.

[Rav4Guy]

really depends on the person and the lifestyle.

comfortable for me... be about $80,000-$100,000 be comfortable.

[RSeXy]

I would say between 40-50K. But yeah, it depends on the circumstances and what kind of lifestyle you want. Comfortable according to MB and I is not having to wait until a paycheck to go out to enjoy a nice dinner, not having to look at the price of something you really need (not saying that we discount the whole idea of value though!!), just having the disposable income to enjoy life and not have to compromise "essential" things in order to do them. When it comes to expensive luxury items, "if you have to ask the price, you probably can't afford it!"

Comfortably...that salary range would be ideal, if you want the perks (nice car, material goods) then you'll need to obviously make a lot more!

Also, I don't think t-im is "snooty" at all. He just happens to be knowledgable on the finer things in life...and there is nothing wrong with that IMO!

[lastprodigy]

^^ so are many but they sure odnt come off all snobby when makes fun of people for where they eat if its anything short of la chaumiere, thats snobby...

[XylathaneGTR]

Originally posted by lastprodigy
^^ so are many but they sure odnt come off all snobby when makes fun of people for where they eat if its anything short of la chaumiere, thats snobby...
ANd your point of bitching about it is?
I'd say about 40k-50k would be quite comfortable.

[rage2]

I need 300k to be comfortable lol. Not comfortable yet, but getting there lol!

[shakalaka]

Originally posted by rage2
I need 300k to be comfortable lol. Not comfortable yet, but getting there lol!

hahah word! rage would be comfortable once he has couple of Ferraris and can easily afford them and stuff. lol
Every individual would have different amount depending on their lifestyle/dreams etc etc.

[max_boost]

Originally posted by rage2
I need 300k to be comfortable lol. Not comfortable yet, but getting there lol! :rofl: You are always buying the latest in technology, modding your cars etc. You probably do need $300K!!! haha

I agree with Ludelvr, it is all about money management. Depending on what you consider comfortable is, you can make $30K or a sociallite like Paris probably needs millions, so it really depends.


Originally posted by LUDELVR
It's all in how you spend it...do you really need to spend 1000 on a fucking bag...I think not! Also, do we need to spend the shitloads of money that we do on our cars? haha, I think not!! :rofl:

:werd: on the bags, as for the car, depends, I love my cars:tongue: People buy the weirdest things, can't really condemn for that.

I don't really know what is enough, I started out making $3500/year when I was 14, I thought that was enough. Now I make substantially more, I'm not sure it's enough either. The more you make, the more you want to buy, it's ridiculous. :rofl:

[Aleks]

I make pretty decent money but I throw it all into the integra :banghead:
and house down payment savings

[JordanLotoski]

100-140 for me

[d-UNiT]

50k is not average, ide say about 20-30 k is on average dudes

but i wouldnt mind $30000 a year, thats easily liveable just dont be extravagent with your money

[Xtrema]

Comfortable is different for everyone.

If you want a decent car ($~30K), house (~$280K) and RRSP portfolio (~$12K), I'll say around $70K/year.

I've seen it done with less but I won't call that comfortable.

[Weapon_R]

One thing i've always noticed is that human nature is such that there is never a point where people are really happy with their income.

If you make 30k, you want more. If you make 60, you want more. If you make 100+, you want more. But people always learn to live with what they have.

[statick]

^please define/give examples of decent. thank you:D

[JordanLotoski]

heres the way i look at it....if i can pay my mortage, car payments, food, travel, and all that other crap..and put say a few grand in savings a month iam happy.

[LUDELVR]

Originally posted by max_boost
The more you make, the more you want to buy, it's ridiculous. :rofl:

haha, you said it right there!! I mean look at Demi Moore! She spends 30,000 a year on evian water...to wash her fucking hair!!!
Now that is fucking insane!! But I guess she can afford it!:dunno: :nut: :rofl:

[ecstasy_civic]

Id say I could be happy with 40-55K

Just depends what your used to, before I started my job over a yr ago, I would have been happy with 20, but now, things have changed, ive learned to save ALOT more lol

So, now im at the point where if theres something I really want, or somewhere I wanna go, I just do it.

Its kind of nice, but I have learned alot over the past yr and a half.

[HuMz]

30,000 grand is comfortable for living alone, once you have kids and a family/morgage/bills i would say you need closer to 50

[NickGT]

Originally posted by MIWYFSHOT
heres the way i look at it....if i can pay my mortage, car payments, food, travel, and all that other crap..and put say a few grand in savings a month iam happy.

:werd:

When you can accomplish whatever it is you want in life, and at the end of the day still bank money, then you're doing well imo!

To put a number to it... 50K is alright if your single, I've done alright making that I think. Thankfully though with my significant other's combined income we're sitting around 75K so that makes things easier on both of us once we split up the bills.

Living comfortably on your own ain't cheap that's for sure.. If you want a nice house, decent car, etc. like Xtrema said around 70k seems right. At least from my limited experience.

[Dave P]

Its never enough. All more money does is introduce you to more toys and bigger parties. I love salary haha

[Ekliptix]

We're talking pre-tax $$ right?

[NickGT]

Originally posted by Ekliptix
We're talking pre-tax $$ right?

That was my impression :dunno:

[BumpinTalon]

average Canadian salary is right around $35,000 so I guess that would be what most people considering enough to get by (I think that's around $15/hour??).
I want to move out, but I think for $35k/year I could probably rent a home and keep the car I've already got and have some money left over to spend on goodies. if you want to own a home, I'm think you would need a hell of a lot more then $35k...

[kaput]

.

[BumpinTalon]

I'd imagine its on a big upward trend considering our post-secondary educaiton and whatnot is also climbin..

[Z_Fan]

Originally posted by Weapon_R
But people always learn to live with what they have.

This is exactly the case for most people.

Most people live within their means. If they make a lot, they spend a lot. Simple as that.

I was comfortable when I made $30k. I was comfortable when I made $160k. I was comfortable when I made $70k. It was tight when I made $20k.

As long as I can afford groceries, property tax, fuel, insurance and CAR PARTS, I'm all good. :dunno:

[kragnorok]

Well, when i get my journeymans, i should be making like ~60k so hopefully ill be comfortable with that. I dont know yet lol. Im still living at home, so life is really comfortable :P Only thinkg holding me back is paying off what i have left on my damn stuent loan :D. Like it all depends on how you manage your money too. Some guys at my shop, who make more than that, have tens of thousands in debt, and others own 3 houses, rent them, and are going to open their own shop soon, so it depends on you!

[88CRX]

$30k isnt much

yea you COULD make it but i dunno

[Nav13]

Originally posted by kaput
I find it hard to believe that $35k/year is a Canadian average. I'm a student and I make more than that.
want to share with the rest of us students on what you do that makes you such a rich man while being a student?:D

[finboy]

Originally posted by Nav13

want to share with the rest of us students on what you do that makes you such a rich man while being a student?:D :werd:

[sexualbanana]

Salaries not the only thing to consider though. There can be a trade-off with things like a pension plan, and health benefits

[JordanLotoski]

iam self employeed, and in dont have a health plan, but i like the benifit of paying half the amount of taxes (lots of writeoffs)

[Chandler_Racing]

I would consider a combined family income of 100,000 to be comfotable. Living on my own I would consider 50k comfortable.

[rage2]

Originally posted by sexualbanana
Salaries not the only thing to consider though. There can be a trade-off with things like a pension plan, and health benefits
Pension plans are pretty much useless... group health benefits can be purchased by anyone, there are insurers that cater to to self employed people, or folks that work high salary jobs that don't have health benefits.

[AllGoNoShow]

kragnorok


What shop you work for? I'm assuming its an automotive shop, although journeymens is in many trades.

Anyways, I'm confortable living pay cheque to pay cheque right now, owing cash to my parents for stuff thats a year old, hopefully it will all turn around with me now working (soon to be) 1 job only, finishing the classes I have for this year, then working all summer and next fall until second semester.

I'm hoping if I'm smart, I'll pay off my bills and put most of it away, atleast half I'm hoping, that way I can let it build itself and if I ever become strapped for cash, I won't hace to borrow anymore.

Also get me into the habit of saving for when I do move out onto my own or with gf/wife/whatever, won't have to learn how to do everything when it is too late.

[Celica TVS3]

Originally posted by kaput
I find it hard to believe that $35k/year is a Canadian average. I'm a student and I make more than that.

I bet your one of those collage pro painters. :rofl:


Credit is too easy too get and too easy to spend. Stay away from it unless you have to. i.e. morgage....

Even if you make a modest income at your job you can still do well by investing. I have a friend who frames houses for a living and makes maybe $36,000 / year but in addition to that he'll have turned a $30,000 - $50,000 profit, over a couple years, by building then selling his home.

[Weapon_R]

Originally posted by rage2

Pension plans are pretty much useless... group health benefits can be purchased by anyone, there are insurers that cater to to self employed people, or folks that work high salary jobs that don't have health benefits.

How much does a GOOD private pension plan cost? What does that include?

[kragnorok]

Im a motorbike mechanic, and I work at the harley-davidson shop on macknight :D

[AllGoNoShow]

kragnorok

Sweet :)

[kragnorok]

Ya i got super lucky when i got the job last year, just gets better every month :D, only bad part is the schooling is in fairview alberta... 9.5 hours away in middle of nowhere :D

[AllGoNoShow]

Harsh, it will be worth it in the end though.

Lucky for me, hopefully the shop that will be apprenticing me is right across from my school :thumbsup:

[Gondi Stylez]

I think $70-80K is "comfortable" living. Im a student who makes ~$8-10K a year during the summer and I bet if I made $30K I would be happy but by no means "comfortable". When you think about it all adds up, here is my rough calculations:

House ~230K Mortgage
Car ~30-40K
RRSP ~15K
Food/Car Goodies etc. ~15K

That is 300K already and I know in 5-6 years when I look at buying my own house and haveing to pay monthly bills the average cost for housing will be well over the 230K mortgage I posted, and that is on a decent down payment. I feel REALLY REALLY sorry for the people who are living on $30K who have massive bills and debts to pay for because IMHO it isn't very fessable, but they somehow make it happen so :thumbsup: to them!! Oh well, what do I know -- I'm a Science Major!:nut:

[Ben]

wow, 30k a year is DEFINATLY not sufficient like most people seem to think... Thats only 14-15 an hour.

Starting out young (less than 30y/o)...50k would be good, but it would definatly need 75k+ to be comfortable to what I need, and 100k + to be comfortable to what I want. We all have different ideas of comfort, but I'm a materialist...want the nice toys.

[ZorroAMG]

Yeah, I've done the 30k/year thing and all I have to say is NEXT.

80-100K for comfort, I'm on my way to having one clear title property. Cars are retarded, lol

[Aleks]

Originally posted by Nav13

want to share with the rest of us students on what you do that makes you such a rich man while being a student?:D

I'm betting he's an Engineering Intern/Coop student at a Oil and Gas firm. When I was one I made 40K that year. It helped pay the tuition that's for sure.

[Shaolin]

I made 30k and I'm done with it.. it's not enough to live on your own.. 30k is like 900 bucks every 2 weeks.. that's barely enough for a mortgage..

yeah those Internships make good money.. and you don't do very much either since they know you'll be gone in 4-8 months.. Those mgmt co-op students make between 32-36k a year at my work, and they pretty much do jobs that no one in the departments want to do.

[awd]

Of course this question is specific to the person and their needs.

30K? nope.

IMO, a couple needs a combined income of at least 100K.

[abyss]

$100K, would be enough. $120K after we have kids would be comfortable enough. $30K is NOT enough for 1 person although I have lived at this much, it can be done, it just sucks.

[Xtrema]

The $35K Canadian average doesn't apply in Calgary. You can't even own your own home with that here.

Monthly break out example:

Home ($250K, $50K down, $200K Mortgage @ 3.5% variable):

$1000 for mortage:
$180 for tax
$240 for utilities/alarm etc

Total: $1420/month


Car (say a used 350Z $35K over 5 years, 0 down):

$650 for payment
$200 for gas
$140 for insurance
$50 for maintenance

Total: $1040/month

RRSP: $1000/month

Food/Entertainment: $500/month

Toys/Gadgets/Rainy day money: $500/month


Total monthly take home after tax: $4460/month or ~ $5950/month pre tax.

For every member you add to your family, add $300.
For every car you add to your family, add $1000.

[menace3]

i'd say i'm confortable earning $70K a year with a family of 3 kids, and a house.

[kaput]

.

[brandon]

Originally posted by Xtrema
The $35K Canadian average doesn't apply in Calgary. You can't even own your own home with that here.

Monthly break out example:

Home ($250K, $50K down, $200K Mortgage @ 3.5% variable):

$1000 for mortage:
$180 for tax
$240 for utilities/alarm etc

Total: $1420/month


Car (say a used 350Z $35K over 5 years, 0 down):

$650 for payment
$200 for gas
$140 for insurance
$50 for maintenance

Total: $1040/month

RRSP: $1000/month

Food/Entertainment: $500/month

Toys/Gadgets/Rainy day money: $500/month


Total monthly take home after tax: $4460/month or ~ $5950/month pre tax.

For every member you add to your family, add $300.
For every car you add to your family, add $1000.

:werd: :werd: :werd: :werd:

[QuasarCav]

I'm barely even 20 and 30K is doing me fine right now. It gets me a good car, a place to live and cash to spend. I know that it's not going to be like that forever. Realistically I would like to make 80K to be comfortable but that goal can be achieved over time.

My mom raised my brother and I on 30K but I wouldn't call that comfortable.

[awd]

Originally posted by QuasarCav
I'm barely even 20 and 30K is doing me fine right now. It gets me a good car, a place to live and cash to spend. I know that it's not going to be like that forever. Realistically I would like to make 80K to be comfortable but that goal can be achieved over time.

My mom raised my brother and I on 30K but I wouldn't call that comfortable.

At your age 30K is ok, but once the mortgage payments/property tax, car payments/insurance, credit card bills, student loan payments, misc bills begin piling up...

[seer_claw]

I figure about 50-80G's. At least I was living very well on that before I went back to school. Now schools kicking every penny out of me. :banghead:

[JiggaMan]

Originally posted by Weapon_R
One thing i've always noticed is that human nature is such that there is never a point where people are really happy with their income.

If you make 30k, you want more. If you make 60, you want more. If you make 100+, you want more. But people always learn to live with what they have.

True that! I was making about 5K a year last year when I was 18 and at Mount Royal... at that time I thought I would be happy as shit to make 20K a year... 9 months later at the age of 19 I landed a 40K/year job and now I want at least 65K.

It's true, you will ALWAYS want more... but I guess that's what keeps us working hard to be successful.

[mike_papps]

You gotta think brighter... I live in medicine hat and an average salary here is different.. a 150k house here is 200 to 250k in calgary... much more affordable here... theres lots to consider.. in calgary id say $40k - 50k a year is comfortable with average spending. and here 25k - 35k would be comfortable.. but then theres always toys!! and you gotta have a couple of them a year!!

[Loose]

You guys have to remember, the longer you've been working, the less you

Now that I've been working for 3 years, I have pretty much all the stuff I want. It takes a while to get all of the furniture/tv/stereo/computer/camera/morefurniture/housedownpayment/cardownpayment shit paid for.

Add all that up, for me anyway, and you're probably looking at $20k, plus your mortgage dp and car dp.

Once you've gotten over that hump, you can now look at what kind of income you need to live comfortably.

To have a decent place, I'd budget $2.5k a month on bills/mortgage, $1k a month to investements, and $2k extra for the comfort, $2500 for income tax. Monthly income would be $7800. Yearly salary: $94k

Ha, that's my number. $94 k!

[Mr. Burns]

50 is a good number.

[no_joke]

Originally posted by kaput
I find it hard to believe that $35k/year is a Canadian average. I'm a student and I make more than that.

Well, if you've got three years of University level Engineering education in a discipline that enables you to find work with an O&G company, then you're probably already more than "average." I don't think your average man-on-the-street has a University education. But congrats on getting that sweet internship. I've come to realize that all oil companies have awesome pay for interns and give them days off every month.

[yohan4ws]

Not sure how old most of the people are but here we go ..

I'm 25, do computer support for an engineering company.

I make just over 18 / hour works out to just over $38,000 per year.

Here's a real life break down.

I lucked out and got my Townhouse Condow for $125,000. Mortage is 1 year fixt at 3.95% .... heres how it works.

I get paid bi-weekly, $1087. Because its bi-weekly there 2 months out of the year I get 3 paychecks. This is when I go on vacation or pay off accumulated debt (or car toys).


My Monthly Expenses:

$500 Line of Credit ( $8000 - from My Car .. incl paint engine etc)
$116 Auto (PL/PD) & Home (Contents only) Insurance:
$102 Student Loans
$ 38 Cellular Phone
$ 40 Life Insurance / Long term savings.
$122 RRSP / Investment loan (investment loan is sorta like RRSP)
$ 70 Bus Pass

$642 Mortgage
$ 85 Condow Fees.
$ 91 Property Tax
$ 85 Gas (heat)
$100 Water/Electricity

$ 33 Internet
$ 18 Home Telephone (VOIP www.primus.ca cheapy cheapy)

-------------------------
Total:: $2042. (I make $1087 * 2 = $2170/month)
Left:: $ 128.

Now if you're observant, you'll notice something.. above, theres nothing for GAS for my car. Theres no FOOD. There's no Entertainment money and I pay $22 every 5 weeks for a news paper subscription.

I have a roommate who pays me $500/month including all utilities but no food. This is my entertainment and food money.

To be comfortable and own a home, you either need to live with somebody (ie: get married) or you need to make at LEAST $45,000 - $50,000 per year (keep in mind the tax bracket).

If I got rid of my car, or got a beater, I'd elminate the $500/month I'm paying for my Line of Credit. This would free up $500/month, which is huge. Theres other areas where my money can be budgeted different but I'm paying dickall for retirement.

If my Fridge or Stove ever goes out, thats immediately at least $500.

How's this for a real world example?

[sl888]

I'm about to take a year off school and work but so far it seems impossible for me to find a job that makes close to 30K. Someone hook up haha! Maybe I should just go back full-time.

[RiCE-DaDDy]

yohan4ws,

ask for a raise or get another job man...

what did u come outta school with?

[yohan4ws]

Rice-Daddy - I started here 2 years ago at $35,000 .. I just got an "annual increase" of 4% .. that matches what? inflation if that.

I graduated from CDI College in 2001 with a 1year diploma for network technician. I have a bit of SAIT under my belt but no degree etc.

I like the stability fo where I work but to make serious coin, gotta get into O&G and IT is NOT the field to work in anymore.

[Loose]

honestly wen I made high 30's it was uncomfortable. when i got up to the high 40's, it became ok.

Want to feel more comfortable? Don't go on beyond where people are always posting pics of their new house/car/TV!

:bigpimp:

[Altezza]

I will be comfortable when my passive income consistently exceeds my expenses.

[Ed the SOHC]

Originally posted by Altezza
I will be comfortable when my passive income consistently exceeds my expenses.

poor dad, rich dad?

I'll be comfortable around 100k/year.

[Altezza]

Originally posted by Ed the SOHC


poor dad, rich dad?



I've never read that book. But people ask me all the time if that's where I got the idea from, LOL.

[Xtrema]

Originally posted by Altezza


I've never read that book. But people ask me all the time if that's where I got the idea from, LOL.

Everyone raves about that book but it's all common sense.

Don't spend what you don't got (don't use credits).

Spend only on stuff that increase in value. etc. etc.

[Xtrema]

Originally posted by Loose
Want to feel more comfortable? Don't go on beyond where people are always posting pics of their new house/car/TV!


Yeah! Rage's TV threads are lethal to my wallet! :D

[JordanLotoski]

Originally posted by Ed the SOHC


poor dad, rich dad?

I'll be comfortable around 100k/year.


LOL no u wont, i make over that and iam always streeing about money, the more u make the more u spend..mo money mo problems. Ill be happy with 250

[88CRX]

Originally posted by MIWYFSHOT



LOL no u wont, i make over that and iam always streeing about money, the more u make the more u spend..mo money mo problems. Ill be happy with 250

exactly.... more then 150k is req'd to not give a dam...



hell i can barely surive on 30k living at home

[T-Dubbs]

Originally posted by ZorroAMG
Yeah, I've done the 30k/year thing and all I have to say is NEXT.

80-100K for comfort, I'm on my way to having one clear title property. Cars are retarded, lol
i can give enzo a good home then......

[sputnik]

Originally posted by Xtrema
Comfortable is different for everyone.

If you want a decent car ($~30K), house (~$280K) and RRSP portfolio (~$12K), I'll say around $70K/year.

I've seen it done with less but I won't call that comfortable.

$70k (gross) would be pretty a TIGHT budget with those payments.

$70k = ~$48k gross ($4000/month)

$1000/month to RRSP
$1400/month to mortgage ($250k @ 4.5%)
$600/month car payments/insurance/gas
$150/month property tax
$100/month cable internet/tv
$50/month phone
$100/month nat gas (budget plan)
$50/month power/water
$200/month groceries (assuming you are single)

$3650/month and you havent bought new clothes, gone out with friends, or done anything fun

[Altezza]

Originally posted by sputnik


$3650/month and you havent bought new clothes, gone out with friends, or done anything fun

At $12k/yr in RRSP contributions, you'll drop down one tax bracket (based on $70k) gross and net a decent refund as well. But I agree, not much room to work with given that budget.

[JordanLotoski]

Originally posted by 88CRX


exactly.... more then 150k is req'd to not give a dam...



hell i can barely surive on 30k living at home


150 after taxes..maybe..but think u rake in 15k a month, you know your gonna have a 100k car and a 800k+ home

[ZorroAMG]

Originally posted by RedDevil

i can give enzo a good home then......

What? Do you not like answering your PM's??? lol

[/////AMG]

$100,000 after taxes would be just perfect.

[Xtrema]

Originally posted by Altezza


At $12k/yr in RRSP contributions, you'll drop down one tax bracket (based on $70k) gross and net a decent refund as well. But I agree, not much room to work with given that budget.

Check my other thread on the breakout. It's doable and remember, RRSP can be used as rainy day money as well if you lose your job.

But if like to travel and party, it would be tight.

And really, other than fronting, I doubt that more than 1/3 of people on this board make $70K and above. Scary that how expensive this city got over the last few years.

[ZorroAMG]

A third?? LOL most people here are less than 21, I'd say maybe 1 out of 20 makes over 50K

[Gondi Stylez]

Originally posted by ZorroAMG
A third?? LOL most people here are less than 21, I'd say maybe 1 out of 20 makes over 50K

Ill be #1 to admit it! I make less then 10K:whipped:

[/////AMG]

I'll admit I make -£11,000 :cry:

[abyss]

We're about $25,000 short of perfect. If we start our own home business like we were planning hopefully we can make close to the difference. If Hampstor didn't enjoy his childhood so much and rake up so much consumer debt we'd have more than enough to be comfortable. Boys and their toys :tongue: .

[JordanEG6]

50k a year minimum...i want to go to school for years and make anyless than that. sounds greedy, but considering the work load in school and how much people go through, 50 000 is decent. :D

[Civ2NR]

It's all about living within your means and not trying to "keep up with the Jones'" as they say. I have a close friend that works at a bank here in Calgary and she said you'd be very surprised with how many people making huge money are living paycheck to paycheck..or not even. Yet they still live in their excessively expensive home and drive the expensive car (x 2 or 3 even).

[ecstasy_civic]

I pay cash for everything, I think the only thing I wont be able to buy cash is a house.

Other then that, I ALWAYS have enough saved and never worry about it too much.

[max_boost]

Originally posted by ecstasy_civic
I pay cash for everything, I think the only thing I wont be able to buy cash is a house.

Other then that, I ALWAYS have enough saved and never worry about it too much.

I would love to buy my first house with cash, realistically, depending on how much longer I decide to freeload at home, I might be able to do that (5-7years, take into account appreciation in property value). Or I told my gf, we'll move out only if you pay the mortgage, which isn't too much to ask for I don't think.:rofl: :rofl:

I like using cash too, credit cards are evil. If I have to use my credit card, that just means I can't afford it. (Some exceptions of course)

[civicrider]

30 000 is not enough, i make that right now and im 18, id say livable is about 70 000

[ecstasy_civic]

Originally posted by max_boost


I would love to buy my first house with cash, realistically, depending on how much longer I decide to freeload at home, I might be able to do that (5-7years, take into account appreciation in property value). Or I told my gf, we'll move out only if you pay the mortgage, which isn't too much to ask for I don't think.:rofl: :rofl:

I like using cash too, credit cards are evil. If I have to use my credit card, that just means I can't afford it. (Some exceptions of course)

I learned that after the evil credit card got me when I was 18 lol

CIBC gave me a $10,000 limit for my first card lol, the thing I put on it I could have easily afforded, but chose not to, and now I know better:rofl:

Like you said, if you have to use your credit card, you cant afford it.
If I cant afford it, I dont even look at it.

[Xtrema]

Originally posted by max_boost

I like using cash too, credit cards are evil. If I have to use my credit card, that just means I can't afford it. (Some exceptions of course)

If you have no self control, it's bad. But if you do, it's good.

I spend minimum $24K on my credit card every year on necessities (groceries, phone bills etc), @ 1% back, I get at least $240. It pays to shop with the right credit card.

The only catch is, you gotta make yourself pay it off every month.

[max_boost]

Originally posted by Xtrema


If you have no self control, it's bad. But if you do, it's good.

I spend minimum $24K on my credit card every year on necessities (groceries, phone bills etc), @ 1% back, I get at least $240. It pays to shop with the right credit card.

The only catch is, you gotta make yourself pay it off every month.

Definitely! A lot of perks, bonus points, reward miles, etc. it all adds up! I don't think there's a credit card out there that doesn't have some sort of a reward program. After they all, they are encouraging people to spend spend spend :D
I'm just saying for the masses, they think credit is an extension of their income. The problem is, it's too easy to spend, and too easy to obtain loans etc. Plus with interest rates so low, it's all about monthly payments.

I think everyone at one point or another, got owned with credit cards, I'm no different. But like you said, it's all about discipline.

My gf is one of those, had to pay it off for her on a few occasions, argh......:whipped: :thumbsdow