Post to Facebook on 12/11/2018 at 1:26 PM
Commenting on “More tip over the edge”
https://www.domain.com.au/news/four-first-home-buyers-fight-for-footscray-apartment-at-auction-782489/
When I advise you not to spend on dining out, forget about overseas holiday or local resorts, do not buy the extra televisions and electronic gadgets, I do mean it.
When I advise you to wear proper clothing at home to keep warm; turn off lights, televisions, computers, appliances when not used, especially clothes iron; dry your clothing in the sun not in a dryer, I do mean it.
When I advise you to unsubscribe streaming services; stop driving to shops and supermarkets just for a few items; eat less to avoid getting fat so as to a avoid joining a gym, I do mean it.
All these activities cost unnecessary money that can go towards building up your needed deposit for a housing loan.
When I advise you to shop for better bank interest rate; use credit card for big ticket items, provided you have the money to repay the credit card on time; get an additional part-time job, I do mean it.
When I advise you to charge your friends or neighbours who need you to babysit their kids regularly; people who love your cakes or meals; coach their children school work, I mean it.
Besides reducing expenses, you should try increasing your income.
What I am going to advise you below is very controversial.
Do you expect your kid to be the next swimming gold medalist, ballerina, Olympic champion, Royal Albert Hall pianist, etc? How far fetched is your expectation?
You do not have to feel guilty just because Mrs Jones next door is doing it - sending her child to go for private tuition after school hours and on weekends.
While you consider this as a process of continuous improvement for the child, you forget you forfeit your opportunity to become better equipped/qualified, to gain an internal promotion or obtain a better paid employment.
The attached article talks about debt restructuring helps Stacey get out of her trouble. If you are in such unfortunate situation, don’t skip the articles.
Thank you for reading.
PS Your credit card expenses are debt liabilities and have an effect on your loan amount. I did empasise that you use your credit card provided you have the fund to repay it on time. When in doubt, check with your bank / loan manager ASAP.
Thank you for reading.
Commenting on “More tip over the edge”
https://www.domain.com.au/news/four-first-home-buyers-fight-for-footscray-apartment-at-auction-782489/
When I advise you not to spend on dining out, forget about overseas holiday or local resorts, do not buy the extra televisions and electronic gadgets, I do mean it.
When I advise you to wear proper clothing at home to keep warm; turn off lights, televisions, computers, appliances when not used, especially clothes iron; dry your clothing in the sun not in a dryer, I do mean it.
When I advise you to unsubscribe streaming services; stop driving to shops and supermarkets just for a few items; eat less to avoid getting fat so as to a avoid joining a gym, I do mean it.
All these activities cost unnecessary money that can go towards building up your needed deposit for a housing loan.
When I advise you to shop for better bank interest rate; use credit card for big ticket items, provided you have the money to repay the credit card on time; get an additional part-time job, I do mean it.
When I advise you to charge your friends or neighbours who need you to babysit their kids regularly; people who love your cakes or meals; coach their children school work, I mean it.
Besides reducing expenses, you should try increasing your income.
What I am going to advise you below is very controversial.
Do you expect your kid to be the next swimming gold medalist, ballerina, Olympic champion, Royal Albert Hall pianist, etc? How far fetched is your expectation?
You do not have to feel guilty just because Mrs Jones next door is doing it - sending her child to go for private tuition after school hours and on weekends.
While you consider this as a process of continuous improvement for the child, you forget you forfeit your opportunity to become better equipped/qualified, to gain an internal promotion or obtain a better paid employment.
The attached article talks about debt restructuring helps Stacey get out of her trouble. If you are in such unfortunate situation, don’t skip the articles.
Thank you for reading.
PS Your credit card expenses are debt liabilities and have an effect on your loan amount. I did empasise that you use your credit card provided you have the fund to repay it on time. When in doubt, check with your bank / loan manager ASAP.
Thank you for reading.
