SRS I'm 28 and (financially) nowhere

Discussion in 'On Topic' started by Mugwump, Nov 17, 2005.

  1. Mugwump

    Mugwump Guest

    I just don't understand how people my age can have multiple cars, their own homes, kids, etc.

    I'm 28, have no kids, no wife, two parttime jobs (one gives me health insurance), a 7 year old car, 1 credit card, 1 debit card, student loans and I rent a 1 bedroom apartment in the city. I can barely make ends meet and have to borrow from my parents sometimes.

    I just don't understand how my peers are doing it, especially when they're on my work level (ie. have a job at my level, more or less). Are they just indebt up to their ears or what? How are they supporting their lifestyle? I feel like I'm going nowhere.
     
  2. Reznik

    Reznik New Member

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    Post more details of your annual pay, your expenses including rent. Your history. When you completed your college. what type of jobs are these? Savings?

    Needs more details. I can't help but i found these lacking even to understand your situation.

    GL
     
  3. Cerridwen

    Cerridwen Guest

    Agreed about more details.
    I'm 23. Husband and I have owned a house for 2.5 years now. We also have an 8 year old daughter.
    We both work full time. Personally, I despise my job and can't wait to get out of it. While my husband likes his job, it still has no oppurtunity for advancement.
    Why are you only working part-time jobs? You have student loans, did you ever graduate? What for? Do you drink? do drugs etc?
     
  4. orie

    orie social assassin

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    8year old daughter at 23 :eek3:
     
  5. RotiEatter

    RotiEatter New Member

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    I know, thats so gross.

    I knew a girl that was 20 with a 7 year old... thats disgusting too.
     
  6. teo

    teo . => ? => !

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    Eh?
    Yes, and accidents happen. This thread isn't about having kids at an early age or the choices of those who put themselves in that situation. :squint:

    Back on topic:
    More detail is needed about your situation. There are some people that rack up debt to live the lifestyle, others get assistance from family in the form of money or food and board, still others manage their finances carefully and cut out unnecessary expenses.

    I choose not to maintain a car. I work in the downtown core and live close by. My house is close to the commuter train so I take that everywhere I need to go locally. I get groceries delivered to my house (same price as going to the store) and eat out only occasionally. I don't spend much money on clothing or entertainment (my hobbies are relatively cheap) and I'm not a smoker or a drinker so I don't spend money on those things either. When I want to go out of town I rent a car. Not having a car for the past several years has saved me tens of thousands of dollars in purchase, maintenance, fuelling and insurance of said car.

    Because of this and other choices I have a postive net worth of decent size. If I can do it, so can you. :dunno:
     
  7. Dodger Blue

    Dodger Blue OT Supporter

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    Atleast the father stayed with her and they are married.
     
  8. Cerridwen

    Cerridwen Guest

    wrong. he went to prison. I married my husband when my daughter was 2.

    And the rest of you can keep your opinions to yourself. This thread is not about me, and remember you are in asylum NOT offtopic.
     
  9. Wolf

    Wolf No one plans to take the path that brings you lowe

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    Pretty much the same way. 24, 5 year old car (that I still owe about $9k on), credit cards (another $8k in debt). Paycheck to paycheck & borrowing money occasionally.
     
  10. GlassUser

    GlassUser send an email not a pm OT Supporter

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    Gotta get a better job and move up. Be assertive and personable at interviews.
     
  11. SICK GUY

    SICK GUY 69, DUDE!!

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    i think alot of times people are living above their means and probably in alot of debt.
     
  12. SICK GUY

    SICK GUY 69, DUDE!!

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    On your Mom!
    unfortunately, not owning a car is almost impossible in many cities. denver is a huge sprawl, and our public transportation is pretty weak.
     
  13. teo

    teo . => ? => !

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    Eh?
    Yes, agreed. My choices won't suit everyone. However, there are other things that can be done on a per-case basis and that was the point I was trying to make. :)
     
  14. M.O.B.

    M.O.B. New Member

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    Hey man don't feel bad, I'm 26. I still live with the parents and I am unemployed at the moment. Hell even when I had a job, I still lived at home and it just baffles me how people do make ends meet with rent and other essentials.
     
  15. Toasty

    Toasty Naked people have little or no influence on societ

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    Don't live by someone else's template.... it could be anything. For all you know these people are in debt up to their ears because of careless spending.

    Those with kids have no choice even.

    At the same time, get out of debt & remove yourself from having to depend on parent's money. That alone will make you feel much better, I know so from personal experience. Where I live we have what's been reported as the highest median rent in the Nation...if I can do it, you can.
     
  16. Samcanadian

    Samcanadian OT Supporter

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    Try not to think of your current state but rather think of where you COULD be.

    If you keep thinking to the future, you'll have no choice but to be more assertive and aggressive in business endeavours. I'm 20 years old, and I just sold a house I had lived in for a year. I fixed it up when it was a wreck, and added $8000 worth to it with renovations.

    If you have drive and you WANT to get ahead, there's nothing that will stop you. Focus on getting rid of that debt too. Try not to use your Credit Card unless you can pay it off right away.
     
  17. Darketernal

    Darketernal Watch: Aria The Origination =)

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    Care,for all is like a bonsai tree
    a lot of people don't play by the book, you have no idea how much criminals we have around here , drug barons anyway you don't want to be like that. Basically if you create a product in a mass amount that has a high willingness amongst the public, and you are able to sell that you can make a huge profit if you cut down expenses.
     
  18. BlazinBlazer Guy

    BlazinBlazer Guy Witness to The De-Evolution of Mankind.

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    The truth hurts, no matter where it's pointed out. Kid at 15 and married at 17 isnt exactly evidence of the best decision making.

    Now, back to the original poster: Did/do you go to college? Degree? In what? If you haven't done anything about that, you aren't going to break out of the "low-class" bracket you're now in, likely. There are plenty of ways to make damn good money, you've just gotta take the innitiative to pursue them.
     
  19. Hootahz314

    Hootahz314 I have daddy issues

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    I have had to work hard since before it was legal for me to move out of my parents house (once I turned 16 I had to have a job if I wanted to drive or by the things I needed). I had my kid at 17 and got married at 18. That was just kind of thrown into my lap and it was either succeed and beat the odds stacked against me, or have government funds raise my kid. I have owned my house for a few years now, I have 3 vehicles, I send my Son to a private school and will be sending myself back to school in September. I'm also getting ready to go through a divorce and all of the nice things I have in my possession I now have to pay on myself. My husband asks ME for money, so I don't count much on him having any to spare for anything. I'm working myself into an early grave for all of this. The attorney I work for told me to take a vacation or he'd fire me temporarily just so I could catch a break. This is the downfall to how I live. Every person you know has some bad to all of their good. Sometimes it's better to just be living a mediocre simple life than to have all of the responsibility and stress that goes along with the things you've mentioned above. The moral to this dramatic rambling is that the grass isn't always greener on the other side, no matter how pretty the view.
     
  20. Cerridwen

    Cerridwen Guest

    :ugh2:

    way to go thinking you know the situation but you really don't.
    keep your ignorance to yourself please asshole.
    read the part where I said her father is in prison, think about how young I was and TRY to guess what happened :rolleyes:
     
  21. scaryice

    scaryice New Member

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    I feel for you, but when you mention that of course you're gonna get a response. You should've just left your kid's age out of the post.
     
  22. pashy

    pashy New Member

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    for starters... ppl should lose the credit cards. credit cards are a trap to most and can easily fuck you up royally.

    you should be able to live well and save 10% of your salary a year. if you arent able to do that, you need to simplify and really honestly evaluate your living expenses.

    back in the day...(our parents days) you didnt buy what you couldnt afford. if you couldnt afford to upgrade your tv/computer/stereo you didnt. takeaways..pfft. i never had them growing up, i know my kid expects takeaway several times a week. buying lunch at school and work, was unheard of, packed lunches can go a long way.

    it's little things that help.

    i'd be really interested to see what you spend on groceries and bills a week and give you more advice.
     
  23. Mugwump

    Mugwump Guest

    coming soon
     
  24. pashy

    pashy New Member

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    good good... i've been in both extreme places on the spectrum. swimming with money, and then i lost it all. so i know how to have to scrimp to get by :) i also work in finance, so i can give you some sound advice.
     
  25. PuppyCat

    PuppyCat O.T. Mom

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    :) Create a budget, stick to it, don't lend money, use your credit cards only in a dire emergency, if you can't pay cash for it-then don't buy it, stay debt free, pay your savings account EVERY time you get paid (min. 10% gross) and don't touch it.

    I am debt free, rarely use my credit cards and if I cannot afford to pay cash for something then I do not buy it...I will save for it. I make a good buck, have more or less everything I want/need, I also bank a lot of money...I look around and see a lot of my peers up to their eyeballs in debt because they have to have a new car, or a leather sofa, or some new toy...it makes no sense to me.

    I have a budget and I stick to it. When an unexpected cost arises I know I have money in the bank from SAVING.

    I live quite frugally.
     
    Last edited: Nov 18, 2005

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