Cost

[Borr 6,861]

Okay so about to dive into a late in life mortgage, fancied a pickup, fancied new this and that , come to realise every item will cost me another hour day year in work , now I'm thinking I'll make it through ànd use a cheap runabout. Do any of you guys work out hours against stuff ... IE if I own this I spend less in work etc. It's how I'm gonna move forward without doubt.    

[paulus 26]

Simple answer is if you don't need it but only want it, Then don't buy it. Been through the pickup thing, now run a 2005 freelander that only cost me a grand, the Mrs however has a 22 plate BMW that i will finish paying off in 2025, I wayed up the ear ache against the cost and a new BMW it was 

[Borr 6,861]

3 minutes ago, paulus said:

Simple answer is if you don't need it but only want it, Then don't buy it. Been through the pickup thing, now run a 2005 freelander that only cost me a grand, the Mrs however has a 22 plate BMW that i will finish paying off in 2025, I wayed up the ear ache against the cost and a new BMW it was 

Yeah my Volvo was around a grand I've mates pleading poverty whilst the missus drives a 50k VW or whatever, I know where I'm heading just nice if I'm not the only soul living to their means, and finding greater value in holidays and experience

[jok 3,394]

Have we to assume it’s for work and pleasure?. I’m only asking because I purchased a little Honda CRV and to be honest, love the thing to bits. Bit more than a grand but what a lovely little car. Jok.

[WILF 48,309]

18 minutes ago, Borr said:

Okay so about to dive into a late in life mortgage, fancied a pickup, fancied new this and that , come to realise every item will cost me another hour day year in work , now I'm thinking I'll make it through ànd use a cheap runabout. Do any of you guys work out hours against stuff ... IE if I own this I spend less in work etc. It's how I'm gonna move forward without doubt.    

With work vans I used to price it against how many jobs it would take before everything was profit, so if I couldn’t pay for it in 2 or 3 jobs I didn’t want it.

The other thing, I like to own stuff so that there’s no surprises……I know mortgages are not realistic but most other stuff is.

If things get sticky, the less you owe the better.

jmho 

[mackem 28,550]

6 minutes ago, Borr said:

 living to their means, and finding greater value in holidays and experience

Nothing is more important than experiences, your kids educations, and their future,everything else is immaterial. 

[Astanley 11,588]

"A man is rich in proportion to the things he can leave alone " Thoreau 

[paulus 26]

1 minute ago, W. Katchum said:

My biggest fear is having to work 4 days a week to pay my monthly’s, don’t get me wrong o got a phone an so have me kids an that, but we own both cars(cheap run abouts), no credit cards or nowt, I got a shit credit score jist because I don’t really do credit it’s mental tho, try an pay for everythjn yourself so you can pocket all you earn(Barring that wank tax man), but aye like I say, it would kill ke paying for a car or 2, an credit card bills an allsorts every month, if I want summat I usually hold off buying it for a while, an it’s amazing how often j change me mind an don’t actually need it haha but that way I can put some cash aside an go buy it when j got enough, it works most of time

like i said there a big difference between wanting something and actually needing something.

[WILF 48,309]

2 minutes ago, W. Katchum said:

My biggest fear is having to work 4 days a week to pay my monthly’s, don’t get me wrong o got a phone an so have me kids an that, but we own both cars(cheap run abouts), no credit cards or nowt, I got a shit credit score jist because I don’t really do credit it’s mental tho, try an pay for everythjn yourself so you can pocket all you earn(Barring that wank tax man), but aye like I say, it would kill ke paying for a car or 2, an credit card bills an allsorts every month, if I want summat I usually hold off buying it for a while, an it’s amazing how often j change me mind an don’t actually need it haha but that way I can put some cash aside an go buy it when j got enough, it works most of time

The terrible thing is mate, there’s going to be a lot of people in very deep shit in the coming months.

[Gypsydog94 4,630]

30 minutes ago, Borr said:

Okay so about to dive into a late in life mortgage, fancied a pickup, fancied new this and that , come to realise every item will cost me another hour day year in work , now I'm thinking I'll make it through ànd use a cheap runabout. Do any of you guys work out hours against stuff ... IE if I own this I spend less in work etc. It's how I'm gonna move forward without doubt.    

Personally all I owe is my mortgage. Drive around in a 06 x trail that done 165 thousand miles that I have abused for three years and cost me £1200. Don’t see the thing with pickups unless you really need one tbh. My mates have got them paid 10k plus and now just as buggered as my x trail.

[Astanley 11,588]

4 minutes ago, W. Katchum said:

My biggest fear is having to work 4 days a week to pay my monthly’s, don’t get me wrong o got a phone an so have me kids an that, but we own both cars(cheap run abouts), no credit cards or nowt, I got a shit credit score jist because I don’t really do credit it’s mental tho, try an pay for everythjn yourself so you can pocket all you earn(Barring that wank tax man), but aye like I say, it would kill ke paying for a car or 2, an credit card bills an allsorts every month, if I want summat I usually hold off buying it for a while, an it’s amazing how often j change me mind an don’t actually need it haha but that way I can put some cash aside an go buy it when j got enough, it works most of time

Being Scottish means you have a genetic predisposition toward frugality .

[Gypsydog94 4,630]

Just now, WILF said:

The terrible thing is mate, there’s going to be a lot of people in very deep shit in the coming months.

Definitely the ones who financed the ass out of everything through covid when times was good. 

[jok 3,394]

Have we to assume it’s for work and pleasure?. I’m only asking because I purchased a little Honda CRV and to be honest, love the thing to bits. Bit more than a grand but what a lovely little car. Jok.

[Aled 524]

Don't know about the rest of you, but I keep a notebook with my monthly income and outgoings, got myself into a financial hole in 2003 learnt my lesson! Since then, I've prioritised my spending.

[kanny 21,132]

Credit cards are a ok way to pay for bigger things if you use them right,  if I put anything thing on the card it's paid of in the month without fail, you also get a lot of protection with a card its their money not yours ....its down to the individual I suppose.