Originally posted by dacium:
However people are being really unfair to the original poster. When you are on your own making $39k nothing is affordable. People her claim that $180k apartment (and some even said $300k houses) are available. I can tell you right now that they will not give young people on $39k more than about $140. If a couple you can get them upto about $260, thats a big if for most people. He is pretty much in a part of his life where he can’t do ANYTHING. You can’t save much on $39k at all living by yourself. Not even $200 a week, in that time property prices can explode. I was looking for hosues around $200 when i just finished uni, 3 years later when I am finally ready the same houses are now asking $300 and I guess selling for about $280.
Seriously, you have NO idea what you are talking about.
My second job i took a pay cut and was only earning approximately $25k/yr. I was able to save $200 a week from that measily pay packet. I just had to be creative and wise in how i spent my money.
We purchased our first home in 2002 (close to peak prices here in Melbourne) solely on my wifes income of slightly less than $35K/yr and the bank (CBA) gave her $150K.
Anyone on $39K/yr that cannot save money from their pay packet really needs to think about what they are wasting their money on.
Maybe you guys would like to re-read what has been said in this thread and try to change your perceptions and reality a little. Learn from those older than ourselves.
You can do it, you just need to make it your reality and work out ways to do it. The great part is once you work out you can do it, you realise you can still have a very social and fulfilling life.
If you or the OP would like some tips on how to save money then feel free to message me.
MT.
PS I’m still in my 20’s, albeit just! [wink2]
