Send it our way. 40 mm rain yesterday has absolutely ruined the spring ski season
Calgary can keep it, as long as it stays away from me (we live on the opposite side of the country)
At the moment we are still having 20-25c days
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Send it our way. 40 mm rain yesterday has absolutely ruined the spring ski season
That's not just applicable to high income earners. Lots of people spend money on things they can't really afford to give a perception of being better off
Translated to frugal-ese:Agreed but from what I have seen and the people I know the pressure be it real or imagined of keeping up appearance is greater with higher income or higher status jobs.
Its easier for a bus driver to have good money habits (ie save, invest and live humble) than a professional as the social pressure is not there.
Unfortunately for many the belief is "I earn a high income so therefore should drive this car, live in this suburb etc"
The appearance of status is there to keep high income earners on the consumption treadmill.
One of my mates gets a car allowance in his package.It's not a belief it is a job requirement. For a salesperson to look professional/successful etc they tend to drive a prestigious car - do they need it? Probably not. The reality is that if their employer encourages them to lease a car, buy into the lifestyle etc then the employee has to seek out deals to pay their way.
One of my mates gets a car allowance in his package.
Instead of buying a more modest car, and pocketing the rest towards say; investing...he spends every cent on a car to fill that budget.
Many would say; WHY NOT?
without trying to be rude for the sake of it,
but if you think $500 per year or whatever as a car allowance is different to $500 as a salary increase, then you are a financial idiot. so if they get a $100k car allowance on a $50k salary, they are going to go out and buy a ferrari because WHY NOT??? ludicrous
thats no different to people who think getting a $5000 credit card is FREE MONEY
i used to be a perm and the car allowance was around 20K a year for lease, fuel, service etc. It was part of the job to have the car. Unfortunately, there wasn't an option to just take cash for it. i had to use that amount and any extras if i chose a more expensive car would be paid by myself.
A Ferrari would be extreme as you say...but some would do it.without trying to be rude for the sake of it,
but if you think $500 per year or whatever as a car allowance is different to $500 as a salary increase, then you are a financial idiot. so if they get a $100k car allowance on a $50k salary, they are going to go out and buy a ferrari because WHY NOT??? ludicrous
thats no different to people who think getting a $5000 credit card is FREE MONEY
A Ferrari would be extreme as you say...but some would do it.
I was merely passing on the info,
and posing the question that many would ask - and justify to themselves the spending level.
Personally; I would have spent half his allowance on a car, and the other half on savings for an IP deposit.
His allowance was $950 p/m.
Sigh...life; here in the fishbowl...
"Hello; earth to Somersoft!?"
Ok - so following this I thought I would research my own assumptions to see if I am in actual fact on cloud 9, completely out of touch and have no idea whats going on in the real world...
Turns out... I am!!
So BV - you are correct.
According to this report from the ABS a household disposable income of $150,000 ($12,500/month as per the article), puts the household in the top 10% of Australia, and puts them off the chart on the 'distributed household income' graph.
A household income of $245,000 puts them in the top couple of % of earners in Australia and it is not "not unusual". In fact it is really quite exceptional.
Im off to eat my humble pie.
Blacky
Aaah; yes - but you are not the normal "battler" who can never makes ends meet due to financial illiteracy TMNT.For that kind of amount I would simply put it into offset and pretend it never existed, and live life normally
Aaah; yes - but you are not the normal "battler" who can never makes ends meet due to financial illiteracy TMNT.
Proof of that is the fact that you are here on SS - this is not the hangout for the blind consumer.
Congratulations on being different from the herd!!
I disagree; I think you'll find the Jonesey mindset alive and well even here....you only have to note things such as the cars driven by many here - as one example.agree! you wont find many jonesys on Somersoft,
the fact that you even googled Somersoft or property forum, puts you in the upper % of the population
I disagree; I think you'll find the Jonesey mindset alive and well even here....you only have to note things such as the cars driven by many here - as one example.
Maybe you get a pass on the car...Yes, 2003 toyota corolla here. Thinking of upgrading in the next few years to 2009 corolla.