+ Reply to Thread
Page 9 of 10 FirstFirst ... 78910 LastLast
Results 81 to 90 of 97
  1. #81
    Eko's Avatar
    Eko is offline Acrobatic Dominatrix.
    Winner 2012 - Most Politically Correct Member
    Join Date
    Oct 2011
    Posts
    2,837
    Thanks
    1,083
    Thanked
    1,427
    Reviews
    10
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Well, if they were doing it tough but both really trying to make their way and just not having luck then yes. Definitely I would help my kids.
    I don't know that I would if they were doing fine though, I'd be more inclined to set up a trust fund for THEIR kids or offer to pay something like school tuition for a year or something.

    That way any left over money that they have from not having to pay that could go towards a family holiday or something.

  2. #82
    Join Date
    Jan 2009
    Posts
    10,611
    Thanks
    404
    Thanked
    1,918
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Quote Originally Posted by trishalishous View Post
    its hard, but possible.
    my sister saved 50k in 5 years (on a 50k salary), by housesharing, only going out on cheap tuesday/halfprice day, when she travelled she stayed in dorms (she went through europe, south america and south east asia on her annual leave) she doesnt drink, is really cutthroat with banking (she changes for better interest rates often, and will make sure she deposits x amount for bonus interest etc) but spoils her nieces (gave dd $500 worth of pressies at birth).
    she lives on 20% of her salary and banks the rest.
    It can be done.

    My partner saved at least $50k in 5 years as well, while in low end retail and admin jobs, earning between $25 - $40k a year. BUT, he lived at home with his parents for that period, which was between finishing year 12 and turning about 22. They didn't charge board or food, so basically he was able to save his whole wage, other than his very basic expenses like petrol. He probably spent $10 - $15k on travel during that period as well.

    But, he was only able to do it as he was freeloading off his parents. I don't think they charged him board as he was the last child at home, and his mum didn't want him to leave, lol.

  3. #83
    Join Date
    Jun 2011
    Posts
    3,431
    Thanks
    1,018
    Thanked
    2,081
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Buttoneska View Post
    Yeh both our mortages where around $300k but she is on one income and there were a few other factors. How is a young person supposed to save $80k on their own while renting Im not quite sure???
    Agree, 80K is a LOT of money to save, but it can be done. We did it over about 2 or 3 years (not on huge wages). We just lived on one wage, and saved another religiously and just lived in a little one bedroom place. It’s hard, but we felt really happy we did it ourselves. I think if it had been given to us, we wouldn’t have the same appreciation for just how much money that is. My best friend and her partner did the same. Just lived simply for a few years and did it all off their own backs.

    I really like the idea people have mentioned about giving money as a “surprise”. I.e. if your kids have saved up a substantial deposit and are going for a home loan you could surprise them at the last minute with extra money to put into their mortgage. We’d probably do something like that. We really want to teach our kids that if you want to save, you have to sacrifice in the short term.

  4. #84
    Join Date
    May 2009
    Posts
    1,973
    Thanks
    2
    Thanked
    605
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    I haven't thought as far as mortgages yet but I do really want to pay for a good education for my kids. Private school then Uni fees if we can afford it.

    When DH and I were house hunting I wished his parents would offer to help us. DH refused to ask because he never wants to rely on anyone else, which is something I now admire. He saved $400k from age 22-32, so I'm grateful that his parents taught him the importance of saving and hard work. I really want to teach our kids the same values.

  5. #85
    Join Date
    Jan 2006
    Location
    Qld
    Posts
    26,930
    Thanks
    2,736
    Thanked
    6,743
    Reviews
    2
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 postsDiamond Star - 20,000 posts
    Meh. People can hand over massive amounts of money to their kids if they want. I just won't be one of them.

    TBH, if I had several hundred thousand sitting around in my bank, I'd be using a lot of it before I die. I didn't get to be selfish and greedy before kids... so I'm going to do it once they're grown. I might pay for them to come along on a trip as well... but I will be spending it in a way I enjoy.

    I'm not one who expects an inheritance either, and my kids will be sadly disappointed if they expect a massive payout when I die. They can get my assets and whatever money is left, but I won't be saving a whole massive sum of money just so they can go buy a new house/car/etc once I keel over.

  6. #86
    Join Date
    Mar 2010
    Posts
    1,784
    Thanks
    24
    Thanked
    305
    Reviews
    9
    Achievements:Topaz Star - 500 posts
    I really don't understand people who are saying "we never got a hand so I won't be doing it for my kids either"

    I want to be able to provide a better life for my DD not burden her with the same struggles I have had and if I had the money to be able to provide her financial freedom then I would.

    Don't forget paying for a household doesn't stop at the mortgage. She would still have to pay rates, water, electricity, insurance, maintenance etc. so it's not like she can sit back and not work.

    Oh and OP, that was a really random thing for your MIL to say seeing as you weren't actually talking about it!!
    Last edited by Eleven Eleven; 19-06-2012 at 17:05.

  7. #87
    Join Date
    Jun 2012
    Posts
    535
    Thanks
    23
    Thanked
    109
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Haha what an annoyingly random comment!!

    I would pay it off in a heartbeat given I had enough money left afterwards!!

  8. #88
    Join Date
    Nov 2007
    Posts
    19,776
    Thanks
    5,212
    Thanked
    7,063
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    Quote Originally Posted by Eleven Eleven View Post
    I really don't understand people who are saying "we never got a hand so I won't be doing it for my kids either"
    I said that and explained why I said that - because I love the way I was raised and I want to raise DS in the same manner

  9. The Following User Says Thank You to Benji For This Useful Post:

    Clementine Grace  (19-06-2012)

  10. #89
    Join Date
    Jul 2008
    Posts
    21,650
    Thanks
    15,094
    Thanked
    11,260
    Reviews
    14
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 postsDiamond Star - 20,000 posts
    Awards:
    Busiest Member of the WeekBusiest Member of the Week - week ended 5/2/14Busiest Member of the Week - week ended 31/10/14Busiest Member of the Week - week ended 24/10/14Busiest Member of the Week
    I don't have much money, but I still help dd out when I can.

  11. #90
    Join Date
    Jun 2011
    Posts
    3,431
    Thanks
    1,018
    Thanked
    2,081
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Eleven Eleven View Post
    I really don't understand people who are saying "we never got a hand so I won't be doing it for my kids either"

    .
    Because I don’t resent not getting a hand up. It taught me to save for things and I felt a sense of accomplishment at having done it all on my own. That’s something i’d personally like to instill in my own kids.

  12. The Following 4 Users Say Thank You to Clementine Grace For This Useful Post:

    Benji  (19-06-2012),Blessedwith3boys  (19-06-2012),ICanDream  (19-06-2012),SassyMummy  (19-06-2012)


 

Similar Threads

  1. Help! When to give up?
    By Nemmy in forum Constipation, Toilet Training
    Replies: 2
    Last Post: 20-02-2012, 14:28
  2. I. Give. Up
    By bpac in forum General Sleeping & Settling Chat
    Replies: 0
    Last Post: 24-01-2012, 23:48

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Boody Organic Bamboo Baby Wear
Softer than your bub's bum Boody Organic Bamboo Baby Wear
Australia's favourite eco brand has delivered a gorgeous baby collection. Made from organic bamboo, Boody's extraordinarily soft and stretchy, skin-friendly tops, bottoms, onesies, bibs and wraps don't 'cost the earth'. Get 20% OFF! Code BUBHUB16.
sales & new stuffsee all
Bub Hub Sales Listing
HAVING A SALE? Let parents know about it with a Bub Hub Sales listing. Listings are featured on our well trafficked Sales Page + selected randomly to appear on EVERY page
featured supporter
henry and grace
Summer Cool. We are the only brand in the world to use ultrafine Merino wool to produce the finest, softest & most luxurious garments whilst keeping mum and bub cool and dry. Wear them multiple times before machine washing-hard to believe, but true.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!