Is this thread about interest rate hikes or blood sucking vampires ( most women) :?: If it's such a problem, then show them the door FFS. I certainly would! :twisted: Sounds like some of you guys are too soft!? :roll: There are plenty of chicks out there with a conscience...
Interest Rates & Car Modifications
- Thread starter ENGINR
- Start date
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Dean
Member
with a mod list like that there must be :shock:
Maybe your all older than me or something, but the thought of having to spend my hard earned on things that arent mine or things that I dont neccessarly want(a house), just makes my gut turn. I dont think I could get out of bed each day to goto work.
AUSVR4
Well-Known Member
Not older just smarter 
You get a house to help to secure yourself for the long run - not just have money to throw away now.
My girlfriend doesn't touch my money. We have a joint account for bills that we put money into. Anything left over is my own to spend as a like
The only thing that drains my money is the service station...
You get a house to help to secure yourself for the long run - not just have money to throw away now.
My girlfriend doesn't touch my money. We have a joint account for bills that we put money into. Anything left over is my own to spend as a like
The only thing that drains my money is the service station...
jase
Ye Olde Member
Mrs and I bought a block of land last September and locked in the interest rate for 5 years. Better the devil you know!
Sold my Evo to add cash to our deposit so we didn't need mortgage insurance. Now everything goes into an offset account and we use a 55 day interest free Visa card that we always pay off before then end of that time.
Every little cent adds up.
But yeah I've been turned off of cars anyway. Prefer to much around with less than $15k from now on. It's just not right thrashing a car that is worth more than that.
Sold my Evo to add cash to our deposit so we didn't need mortgage insurance. Now everything goes into an offset account and we use a 55 day interest free Visa card that we always pay off before then end of that time.
Every little cent adds up.
But yeah I've been turned off of cars anyway. Prefer to much around with less than $15k from now on. It's just not right thrashing a car that is worth more than that.
Yeah I'm doing the offset account and Visa thing too. I've considered selling my car on more than one occassion to knock a bit of $$$ off the homeloan - but I just can't bring myself to do it.
You're a better man than me for selling your car for the bigger picture.
You're a better man than me for selling your car for the bigger picture.
Dean
Member
just a tip for you guys with interest loans,
if you make repayments more regularly, it will save u a whole lot more in interest
For example, monthly repayments are $400 a month.
If you repay this in 4x $100 payments every week, rather than the whole $400 at the end of the month, it will save u a lot a lot of interest....
Why? because interest is calculated by the bank each day (most loans.. its all in the fineprint)
the more frequent the repayments, the more interest you will save :wink:
if you make repayments more regularly, it will save u a whole lot more in interest
For example, monthly repayments are $400 a month.
If you repay this in 4x $100 payments every week, rather than the whole $400 at the end of the month, it will save u a lot a lot of interest....
Why? because interest is calculated by the bank each day (most loans.. its all in the fineprint)
the more frequent the repayments, the more interest you will save :wink:
Dean said:
yep,
we pay in weekly too. it does help....you also pay more due to more payments in a year compared to monthly
eg; 12 payments of $1000 = $12,000
divide that into fornightly payments and you have 26 payments of $500=$13,000
it all helps
how to budget?
well i guess you start with the easy things:
1. make lunches and take to work
2. buy bulk cans of softdrinks and take them to work instead of buying
3. instead of driving alone, maybe jump in a car with a mate who you work with and put a lil bit towards petrol.
many good ways to save money!
Jon[/quote]
point 1 and 2 i agree with the most, try working in a bottle shop with a supermarket next to it.
i do that u dont realize how much u spend per week.
and to expand on point 1 cook extra dinner the night before and take that.
well i guess you start with the easy things:
1. make lunches and take to work
2. buy bulk cans of softdrinks and take them to work instead of buying
3. instead of driving alone, maybe jump in a car with a mate who you work with and put a lil bit towards petrol.
many good ways to save money!
Jon[/quote]
point 1 and 2 i agree with the most, try working in a bottle shop with a supermarket next to it.
i do that u dont realize how much u spend per week.
and to expand on point 1 cook extra dinner the night before and take that.
Ah to be young and living at home, where the fridge and pantry are magically refilled, the lights, power and heating having no cost associated with them and there's no such thing as water bills, rates and interest payments. :lol:
I've found that most of my expenses come from paying for the necessities to live (and I'm not talking beer, partying or other stuff like that) ie food, petrol and bills.
I've started doing little things to try and offset where I'm spending in those areas:
*Using re-useable plastic containers to pack and take your lunch to work in, instead of using plastic and paper bags and throwing them out every day and then having to buy more
*Wearing a thicker jumper in the house instead of cranking up the gas heating
*Turning off lights in rooms that I'm not using (common sense but SOME people just don't get it!)
*Making things like packet muffins and cookies to pad out lunches instead of paying for sweet biscuits etc as a treat
*Buying Home-brand milk and other stuff (it really does taste like the brand-name stuff!)
*Water saving shower head to reduce how much water used (ie less to pay for in addition to not being a 'Wally')
*Trying to drive in the highest gear possible at all times to reduce burning through petrol at a faster rate
There was a time when I was working a second job on Sundays at a local carwash to earn a bit of extra $$$, but I found I was going back to work on Monday not feeling like I'd had much of a weekend, so I decided that quality of life was more important and gave it away. I've needed to re-adjust to not having that extra $$$ but I'm enjoying my weekends alot more and am going to work on Monday not feeling as tired or shitty.
I've found that most of my expenses come from paying for the necessities to live (and I'm not talking beer, partying or other stuff like that) ie food, petrol and bills.
I've started doing little things to try and offset where I'm spending in those areas:
*Using re-useable plastic containers to pack and take your lunch to work in, instead of using plastic and paper bags and throwing them out every day and then having to buy more
*Wearing a thicker jumper in the house instead of cranking up the gas heating
*Turning off lights in rooms that I'm not using (common sense but SOME people just don't get it!)
*Making things like packet muffins and cookies to pad out lunches instead of paying for sweet biscuits etc as a treat
*Buying Home-brand milk and other stuff (it really does taste like the brand-name stuff!)
*Water saving shower head to reduce how much water used (ie less to pay for in addition to not being a 'Wally')
*Trying to drive in the highest gear possible at all times to reduce burning through petrol at a faster rate
There was a time when I was working a second job on Sundays at a local carwash to earn a bit of extra $$$, but I found I was going back to work on Monday not feeling like I'd had much of a weekend, so I decided that quality of life was more important and gave it away. I've needed to re-adjust to not having that extra $$$ but I'm enjoying my weekends alot more and am going to work on Monday not feeling as tired or shitty.
JSTYLE
I AM THEEE DYNO QUEEN!
DOUGMO said:
and if you add extra $100 in every week you reduce your home loan from 30 years to about 15 years depending on the size of the loan!!!
i pay mine weekly and i have maxed out my 'free' extra repayments into my fixed home loan account for this year already. (i have split 90% fixed 10% variable)
Jon
thats the advantage of an offset account where you can pay as much as you like into there without any caps on what you can pay...
we pay about $300 extra a week into that account and we are saving
a fair bit of interest every month.
we pay about $300 extra a week into that account and we are saving
a fair bit of interest every month.
JSTYLE
I AM THEEE DYNO QUEEN!
DOUGMO said:
that is true.. however you can only have an offset account for your variable account.. thats the only bad thing.. if interest rates go up.. then your paying extra on your loan but a variable account gives you alot more flexibility !!!
Jon
