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Living beyond your Salary
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By (user no longer on site) OP
over a year ago
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With all the cost of living threads and politics threads made me think.
Do you personally live within your. Salary or do you depend on your overdraft
Personally my overdraft is for emergencies |
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By (user no longer on site)
over a year ago
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Within, put money as side for savings straight away, spend what I need to then when next pay check comes in anything left over gets moved to the "non specific savings" savings account. |
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By (user no longer on site)
over a year ago
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I only use my overdraft for emergencies, it's a very small one now. When I was married our over draught would be used to pay wages when contractors were slow in paying up. When you have 16 employees and contractors didn't like parting with their money it came in handy. |
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By (user no longer on site)
over a year ago
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I've been in my overdraft since the first day of university when I paid my first set of tuition fees. So most months I'm in it by the end of the month. It doesn't really bother me though. If I had to pay it back I could by just not spending on any non-essentials for a month. |
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By (user no longer on site) OP
over a year ago
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"I owe I owe. It's off to work I go 
I have no debts now I'm poor but a happy poor person 
I used to rely on overdrafts, now I'm solvent and happy "
This |
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By (user no longer on site)
over a year ago
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"I owe I owe. It's off to work I go
I have no debts now I'm poor but a happy poor person
I used to rely on overdrafts, now I'm solvent and happy "
Life is so much simpler when you don't have money lol I may be looked down upon by some people because I have no car, no house of my own now (he has it),no flash jewellery and I can't afford to pay for a hotel, but I have my sanity and peace of mind now. I sacrificed a good career to put others first. I would do it all again |
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By (user no longer on site)
over a year ago
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Yes i do.
I had a substantial amount of savings a few years ago, they've gone ages ago but i never go into debt with anyone who will charge me for that.
We live quite modestly. If i can get anything for free i will do that too.
I'm pretty good a financing my family and finding bargains. |
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By *oxy_minxWoman
over a year ago
Scotland - Aberdeen |
I've lived on my own since the age of 17 so yes, I did get into debt, I did have a small credit card now I don't. I also relied on my overdraft in order to survive (food) on occasions, I am now financially secure with no overdraft or credit cards, but I think that just come's with time and life experience. |
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By (user no longer on site)
over a year ago
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"I owe I owe. It's off to work I go
I have no debts now I'm poor but a happy poor person
I used to rely on overdrafts, now I'm solvent and happy "
I have debts, but I'm also solvent and happy. |
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By *evaquitCouple
over a year ago
Catthorpe |
We actually live within our income, a reasonable margin, something handed down from my parents train of thought and seems to work for us. We still get to do some nice things and treat ourselves once in a while. |
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By *Ryan-Man
over a year ago
In Your Bush |
I can thankfully say that I have been lucky in that respect and never been in the red or had an overdraft. Although to be fair I've made my own luck.
I feel for the people that rely on it to get them through, from no fault of their own. |
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By (user no longer on site)
over a year ago
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We spent a lot of years living beyond our means. In recent years we came to our senses, but we will need a lot more years to undo the damage we did to ourselves. |
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By (user no longer on site)
over a year ago
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I did live beyond my means for a small time (Male half here), took out an overdraft to cover repairs to my motorcycle while i was working 3 hours a week and am still paying back the overdraft, but once I am debt free we will most certainly not borrow anymore money, the economy is not stable and the last thing we need is racked up with debt with 2 young children |
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By *evaquitCouple
over a year ago
Catthorpe |
"I've got two kids at university
= Bank of Dad
= ££££££££££
= ffs
"
Ouch!!
We're approaching that, just the one bratters here though . We've tried to avoid the cost by going down the scholarship route from an early age but are preparing in case that avenue closes which it may. Very, very expensive but will support them obviously. We take our hats off to you.
Him |
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By (user no longer on site)
over a year ago
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I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed  |
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By (user no longer on site)
over a year ago
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"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed "
These threads always go this way. I should probably be rounded up and shot, because I have debts while buying nice stuff that I like, because I want to. |
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By (user no longer on site)
over a year ago
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"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed
These threads always go this way. I should probably be rounded up and shot, because I have debts while buying nice stuff that I like, because I want to."
Then I'm being shot with you. ..apart from the only nice stuff i have is a couple of pairs of shoes. ...and they were presents  |
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By *oxy_minxWoman
over a year ago
Scotland - Aberdeen |
"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed "
I understand that, but I don't think it is anything to be ashamed of. I'm lucky I bought my 1 bed flat when I was twenty, I still have a mortgage as I was originally on an endowment and had to re mortgage to a repayment. But saying that it is only 1 bed but I know I have at least £70k equity if I do decide to move to somewhere slightly bigger, I just don't want a much bigger mortgage. In this day and age sometimes it can be very difficult to live within means easily. |
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By *awk_eyeMan
over a year ago
east london |
"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed
These threads always go this way. I should probably be rounded up and shot, because I have debts while buying nice stuff that I like, because I want to."
I hope not! The success of the western economy depends on people like yourself |
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By (user no longer on site)
over a year ago
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"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed
These threads always go this way. I should probably be rounded up and shot, because I have debts while buying nice stuff that I like, because I want to."
Funny that as I haven't seen any negative posts about people who use credit?
And especially no posts saying you should be ashamed or shot.
|
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By (user no longer on site)
over a year ago
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"I've got two kids at university
= Bank of Dad
= ££££££££££
= ffs
Ouch!!
We're approaching that, just the one bratters here though. We've tried to avoid the cost by going down the scholarship route from an early age but are preparing in case that avenue closes which it may. Very, very expensive but will support them obviously. We take our hats off to you.
Him"
Check out various bursaries Manchester used to offer chemistry students with 5 A's at a level a 5 grand grant at the start of uni. |
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By (user no longer on site)
over a year ago
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"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed
These threads always go this way. I should probably be rounded up and shot, because I have debts while buying nice stuff that I like, because I want to.
Funny that as I haven't seen any negative posts about people who use credit?
And especially no posts saying you should be ashamed or shot.
"
I'm not being literal...  |
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By (user no longer on site)
over a year ago
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"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed
These threads always go this way. I should probably be rounded up and shot, because I have debts while buying nice stuff that I like, because I want to.
Funny that as I haven't seen any negative posts about people who use credit?
And especially no posts saying you should be ashamed or shot.
I'm not being literal... "
Yet you and the other strongly implied that people were being negative toward a you noone has been.
You do seem to have a bit of a victim complex and are constantly seeing slights where there are non. |
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I raked up a hefty overdraft when I was married I have to say that my bank were fantastic in me paying it off and stopped fees to enable me to pay it off and then decided that I could keep my overdraft. |
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By (user no longer on site)
over a year ago
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Overdrafts, credit cards and loans are great and handy when you have a steady income and want to buy alot and spread it over a number of years. But you need to be careful because it is easy to borrow more and more to keep up with current trends or social and peer preassure |
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As a wise man once observed "if your outgoings exceed your income, your upkeep will be your downfall".
Apart from my student debt for a recent degree (which I don't have to pay if not working, and is cancelled when I retire/die/become disabled - so it's really just a graduate tax), I've been debt free except for a mortgage, since I left uni after my first degree.
I paid my mortgage off 15 years ago, so now I can get by working part time. I still run 2 cars and a motorbike and will be going to Canada for a month this summer.
Most people can cut down if they're prepared to live without Sky TV, Xboxes, designer labels, takeaways etc etc. I only spend around £1 a day on food, but eat well and healthily.
Each to their own though, but I wouldn't be comfortable spending more than I earn. |
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By (user no longer on site)
over a year ago
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no overdraft facility,my choice and no credit card..also my choice..spend every single penny on rent and essentials..no spare cash at all for about 2 years..but no debt either.. |
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By (user no longer on site)
over a year ago
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"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed
These threads always go this way. I should probably be rounded up and shot, because I have debts while buying nice stuff that I like, because I want to.
Funny that as I haven't seen any negative posts about people who use credit?
And especially no posts saying you should be ashamed or shot.
I'm not being literal...
Yet you and the other strongly implied that people were being negative toward a you noone has been.
You do seem to have a bit of a victim complex and are constantly seeing slights where there are non."
The implication of all the 'no, not me, I never use credit' posts is that use of credit is a bad thing. That's where this is coming from. Not trying to play any kind of victim here, it was supposed to be a jokey comment. |
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By (user no longer on site)
over a year ago
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I live within my salary.... my folks had to be careful with cash when I was growing up I guess it rubbed off on me. Fortunately I earn enough I never have to go without but if I want a big extravagence then I'll save for it rather than use credit.
I think this is getting harder though... because of the limited run of some high end tech for example, by the time youve saved enough it may longer be available. If you buy in to having to have the latest variant of everything then manufacturers have you by the short n curlies.
|
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By (user no longer on site)
over a year ago
|
"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed
These threads always go this way. I should probably be rounded up and shot, because I have debts while buying nice stuff that I like, because I want to.
Funny that as I haven't seen any negative posts about people who use credit?
And especially no posts saying you should be ashamed or shot.
I'm not being literal...
Yet you and the other strongly implied that people were being negative toward a you noone has been.
You do seem to have a bit of a victim complex and are constantly seeing slights where there are non.
The implication of all the 'no, not me, I never use credit' posts is that use of credit is a bad thing. That's where this is coming from. Not trying to play any kind of victim here, it was supposed to be a jokey comment."
A lot of people do believe credit is a bad thing doesn't mean they judge others for using it.
I try to avoid credit because I'm very aware that my personal situation can change very rapidly if I suffer a relapse into depression which would likely cost me my job (and before that the loss of my shift rate to the sick pay day rate).
So having a lot of credit is a big risk ad there's a chance I could lose my income with no warning.
Doesn't mean I judge anyone for whom it works. |
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By (user no longer on site)
over a year ago
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"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed
These threads always go this way. I should probably be rounded up and shot, because I have debts while buying nice stuff that I like, because I want to.
Funny that as I haven't seen any negative posts about people who use credit?
And especially no posts saying you should be ashamed or shot.
I'm not being literal...
Yet you and the other strongly implied that people were being negative toward a you noone has been.
You do seem to have a bit of a victim complex and are constantly seeing slights where there are non.
The implication of all the 'no, not me, I never use credit' posts is that use of credit is a bad thing. That's where this is coming from. Not trying to play any kind of victim here, it was supposed to be a jokey comment."
i dont in any way think credit is a bad thing! i am just painfully aware that in the job im in, on a zero hour contract, that it would be all to easy to get myself in a real mess! never knowing what im going to take home each month would make it very difficult to budget for repayments on anything regularly... |
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By (user no longer on site)
over a year ago
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I've no respect for money at all. I either have it or I don't. I get what I get, everyone takes what they want and I have a good time with what I've got left. |
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By (user no longer on site)
over a year ago
|
"I live within my salary.... my folks had to be careful with cash when I was growing up I guess it rubbed off on me. Fortunately I earn enough I never have to go without but if I want a big extravagence then I'll save for it rather than use credit.
I think this is getting harder though... because of the limited run of some high end tech for example, by the time youve saved enough it may longer be available. If you buy in to having to have the latest variant of everything then manufacturers have you by the short n curlies.
"
Skip generations is the key :p save up buy the best one then use it while you save up and skip 2-3 generations then you can have a significant upgrade rather than just getting the small steping stone upgrades each year.
I used to have a mate who always had the best computer bits by constantly upgrading and selling the still nearly new old model he had.
Meant for a relatively small ongoing cost he always had the top stuff but it mean til he ever stopped upgrading he'd quickly see the value of what he had drop to the point it wouldn't make enough at sale to fund the next upgrade |
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By (user no longer on site)
over a year ago
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"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed
These threads always go this way. I should probably be rounded up and shot, because I have debts while buying nice stuff that I like, because I want to.
Funny that as I haven't seen any negative posts about people who use credit?
And especially no posts saying you should be ashamed or shot.
I'm not being literal...
Yet you and the other strongly implied that people were being negative toward a you noone has been.
You do seem to have a bit of a victim complex and are constantly seeing slights where there are non.
The implication of all the 'no, not me, I never use credit' posts is that use of credit is a bad thing. That's where this is coming from. Not trying to play any kind of victim here, it was supposed to be a jokey comment."
I agree it's the implication rather than people coming out and saying it. People assume that because you have to rely on credit that it's because you have to have the best of everything and have takeaways all the time and expensive holidays etc. When it just isn't the case. I'm happily living in my debt. ..no victim here. |
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By (user no longer on site)
over a year ago
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"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed
These threads always go this way. I should probably be rounded up and shot, because I have debts while buying nice stuff that I like, because I want to.
Funny that as I haven't seen any negative posts about people who use credit?
And especially no posts saying you should be ashamed or shot.
I'm not being literal...
Yet you and the other strongly implied that people were being negative toward a you noone has been.
You do seem to have a bit of a victim complex and are constantly seeing slights where there are non.
The implication of all the 'no, not me, I never use credit' posts is that use of credit is a bad thing. That's where this is coming from. Not trying to play any kind of victim here, it was supposed to be a jokey comment.
I agree it's the implication rather than people coming out and saying it. People assume that because you have to rely on credit that it's because you have to have the best of everything and have takeaways all the time and expensive holidays etc. When it just isn't the case. I'm happily living in my debt. ..no victim here. "
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By (user no longer on site)
over a year ago
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Not being funny, but i doubt anyone even bothers to read anyone elses comments. These topics tend to be for giving your opinion as it's just a question and people aren't interested in reading them until bored later on. Well that's how i did it, read OP, answered, am bored so came in to see what everyone else had put. |
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By (user no longer on site)
over a year ago
|
"I've got two kids at university
= Bank of Dad
= ££££££££££
= ffs
Ouch!!
We're approaching that, just the one bratters here though. We've tried to avoid the cost by going down the scholarship route from an early age but are preparing in case that avenue closes which it may. Very, very expensive but will support them obviously. We take our hats off to you.
Him
Check out various bursaries Manchester used to offer chemistry students with 5 A's at a level a 5 grand grant at the start of uni."
True! My daughter got a bursary - though not such a generous one - for getting A's! X |
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By (user no longer on site)
over a year ago
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"I think i must have done something seriously wrong. I don't have a fancy house/new car/expensive anything, i work full time 2 jobs, hubby works full time yet we still have loans, credit card, overdraft, mortgage. ..how do people do it without these things? By listening to some i should feel ashamed
These threads always go this way. I should probably be rounded up and shot, because I have debts while buying nice stuff that I like, because I want to.
Funny that as I haven't seen any negative posts about people who use credit?
And especially no posts saying you should be ashamed or shot.
I'm not being literal...
Yet you and the other strongly implied that people were being negative toward a you noone has been.
You do seem to have a bit of a victim complex and are constantly seeing slights where there are non.
The implication of all the 'no, not me, I never use credit' posts is that use of credit is a bad thing. That's where this is coming from. Not trying to play any kind of victim here, it was supposed to be a jokey comment.
I agree it's the implication rather than people coming out and saying it. People assume that because you have to rely on credit that it's because you have to have the best of everything and have takeaways all the time and expensive holidays etc. When it just isn't the case. I'm happily living in my debt. ..no victim here. "
No ones even inferred as such though.
You're assuming that people think a certain way or that they are assuming something about others. |
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By *B9 QueenWoman
over a year ago
Over the rainbow, under the bridge |
I lived beyond my salary for years. It was a hard slog getting rid of my debt to the point where I can now save as I've money left over at the end of the month. I wouldn't want to go back. |
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By (user no longer on site)
over a year ago
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"Never had an overdraft
"
+1, I have a block on my account so I can't go into an overdraft, I'm bloody thankful for it as well as I dread to think what mess my account would be in right now if it wasn't for that block. |
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By (user no longer on site)
over a year ago
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"If we don't have the money for it, we do without. "
Does that include food for the children, gas/electricity bills/mortgage payments/ car insurance etc etc etc |
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