[Newsbot]

Title: Half of working Canadians living paycheque to paycheque: survey | CTV News
Category: Political
Posted By: uwish
Date: 2016-09-07 15:16:09
Canadian

[uwish]

Hard to save any money when almost half of it goes to the government already. Kind of sad really, then the fed relent on us saying we arn't saving enough...then stop fucken taking it!

Don't get me started on the not yet known federal carbon tax, or the Ab carbon tax. But according to some, our tax rates are going down I guess. Hum they must do math differently than I do.

[shockedcanadian]

None of them work for the security apparatus, who do a great job helping to bankrupt Canada, violate human rights and stab our allies in the back.

No wonder our allies don't trust us...

[BartSimpson]

uwish uwish:

Hard to save any money when almost half of it goes to the government...

And the other half to rent, the cell phone bill, the cable bill, the credit card bill, the car payment, and etc.

Hate to say, but it's a personal choice to live within your means and save up for a rainy day.

[Public_Domain]

[BeaverFever]

Taxes haven't gone up, salaries have gone down relative to cost of living but most importantly peoples discretionary spending has skyrocketed. our grandparents would be spinning in their graves if they saw all the stupid unnecessary shit we spend our money on.

[Strutz]

Wow. That's unreal.

It makes me feel a bit better about my own situation that I'm not as far gone as the "average" seem to be. Not way ahead by any means, though I really wish I could do more with my investments than I have, but certainly not in a situation where coming up with $2K (as mentioned in the article) would be a huge problem.

And... maybe there's something to be said about where I'm working/living right now. Nowhere to spend money really and living is simple. Groceries are more expensive than in the city but no expenses for commuting (I have a 5min walk to work) or cable/internet (one free TV channel and free WIFI)

[shockedcanadian]

BeaverFever BeaverFever:

Taxes haven't gone up, salaries have gone down relative to cost of living but most importantly peoples discretionary spending has skyrocketed. our grandparents would be spinning in their graves if they saw all the stupid unnecessary shit we spend our money on.

Yes. No greater spender than the government who hasn't lived within its means for decades.

[Strutz]

shockedcanadian shockedcanadian:

BeaverFever BeaverFever:

Taxes haven't gone up, salaries have gone down relative to cost of living but most importantly peoples discretionary spending has skyrocketed. our grandparents would be spinning in their graves if they saw all the stupid unnecessary shit we spend our money on.

Yes. No greater spender than the government who hasn't lived within its means for decades.

And that is something that will never change no matter who (or which party) is in power. They will always put the blame on whoever was previously in power. Vicious cycle that goes around and around.

[Caelon]

Strutz Strutz:

Wow. That's unreal.

Not way ahead by any means, though I really wish I could do more with my investments than I have, but certainly not in a situation where coming up with $2K (as mentioned in the article) would be a huge problem.

Give yourself a five year plan to save 3 months of living expenses. Then you should be able to survive most emergencies from replacing a water heater on a long weekend to a short term loss of a job. For example if you saved $150 per month at an average return of 4.5% (moderate conservative) you would have $10,000 in 5 years.

Most people try to save what they have left, which most times means there is nothing. Smart people pay themselves (savings) first and live on what is left. You will adapt to whatever you have remaining and do with less frills. It will probably take 3 months to adapt your sepending to the new reality, but it will happen. Conversely it takes about 3 seconds to get used to having more money.