Evening Reading

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  $500 a month puts you well over the average amount being saved, but try to do whatever you can to increas... : theghostofsmdever
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    This is true. Many people, including myself, are quite happy if they can save that much a month. And I ha... : gooblerampling
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      Yeah its not terribly bad - 6k a year - especially if you can get it into some sort of high interest yiel... : theghostofsmdever
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        You people are silly. 6k is my yearly income. : Hello Kitty
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          Is it possible to survive on that? : theghostofsmdever
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            Very, my rent is $200 to $220 a month. So I have 200-400 a month depending, to save and spend. If you liv... : Hello Kitty
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              Ok, I know it's possible, but who would want to is the real question. Are you saying this is out of choi... : Githyanki
              • #2243

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                By: Hello Kitty x Show Full Post

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                Choice. I realized I wasn't happy in my jobs and they were hurting my body with physical labor. I picked lower paying jobs where I had more fun with coworkers and lived cheaper. Much happier life and much more free time. I can still easily save up for plasma tv's or consoles or what not so it's not like losing anything. I just save up for 4-5 months instead of putting stuff on credit like most people. I realize also a lot of people work office jobs and not physical labor making much more than I did, but I really think I'm happier than they are still. I went that way at one time and realized I didn't want it.
                Not a choice for everyone of course, but for me works very well.

                Mar 21, 2008 6:31am PDT
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                Choice. I realized I wasn't happy in my jobs and they were hurting my body with physical labor. I picked ... : Hello Kitty
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                  I recently turned away from a opportunity to make another 5-10K/ yr job because I didn't think it would s... : Githyanki
                  • I won't always be so low, it just works for now. Be happy knowing the raise alone you turned down for ano... : Hello Kitty
  • It'll probably go in some guarenteed rate GIC or something, given that we're thinking we may need to draw... : Milleh
• the rule is something like your monthly repayments should not exceed more than 30% of your gross monthly ... : erotic sock
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  5/1 ARM? Just refinance when the fixed rates drop in the coming months. : gmd
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    It's a new construction, and actually I JUST found out that we were delayed a few months, so we won't be ... : Milleh
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      If you haven't closed yet, do not get a ARM. There is nothing good about it. You should be able to get th... : Githyanki
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        How does one do this? The longest closed term my bank quotes is 7 years. : Milleh
        • Different bank. If your in the US, try here: http://www.churchillmortgage.com/ : Githyanki
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        ARMs are fine if you know what you are doing : gmd
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          Its possible, but I wouldn't unless you got a GREAT rate on the 5 yr portion, and they didn't. : Githyanki
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            well he is in canuckistan, I don't know how things are over there. : gmd
            • Apparently quite horrible :( Too bad we couldn't finance with a US bank. : Milleh
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          A few years ago I would have agreed with you. I used to recommend ARMs to first time home buyers that we... : arhughes
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            I was agreeing with you, but he's a Canuck. It is apparently hard to get longer fixed rates there. http:/... : Githyanki
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              For once, I'm glad I don't live in Canada. : arhughes
              • :( : Milleh
  • Since they just barely got this one, more than likely their credit is not great. If its not, they probabl... : Githyanki
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  Remember that if you have a mortgage, all that mortgage interest (and pmi if you are subjected to it) are... : riptyde
  • I don't think that's the case in Canada : Milleh
  • i think some people like getting the big return : arizona bay
  • What about this: http://www.unisourcemortgage.ca/mortgage-news/archive/2006/2006-01-01_Unisource-is-it... : Milleh
• My mortgage is over half of my yearly income. It wasn't before but my last job was outsourced and my new... : silent77
• $330k is a fairly "large" mortgage, is that the amount you actually financed? With a mortgage that l... : Force[FED]