Quote:
Originally Posted by Jacks
I have lots of staff who are always broke. Two of them drive a newer vehicle than I do, one of those two gets a new vehicle every couple of years, trades in the old one and loses equity every single time. I think his payment on a loaded F250 (gotta tow a trailer) is something like $1200/month. Almost every person eats out 2-3 times per day, buys at least 2 Timmies, several of them smoke/vape, etc. Probably $30-$50/day with after tax dollars that they could be saving. Lots of them have a new phone even though I supply them with a company phone that has unlimited minutes and 5GB of data, I don't get that at all.
The biggest problem is easy credit and people not living within their means. 30+ years ago there weren't many people I knew that had a credit card, today I know several teenagers who have their own credit card, every adult has one if not several. I know it's a "back in my day" story but we used to get "family allowance" as a low income household. It was $40 a month/kid and that was our allowance but we had to do a couple of hours a day in chores before we got that. If you wanted more money you did odd jobs for neighbors or picked bottles and cans for the deposit.
Kids should not only be taught about basic finances but they should also be taught how to shop for reasonably priced food, cook for themselves, fix things around the house and even make basic clothing repairs. Not sure you can blame that on the schools, the parents need to be teaching their own kids but I think the problem runs a couple of generations deep so the parents are part of the problem.
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I'll chime in on this one because I see it a lot.
As much as people bemoan 'the good old days' of having your job and pension and the stagnation of wages, we've long since passed the days of serfdom.
People dont work for the same employer for 20+years or their entire careers anymore, or its very seldom at best.
Employees with skills are very mobile now, and thats in every industry (other than Government, thats not an industry) and employees dont want to be tied to their employers for everything.
Its nice having a company phone thats provided and paid for, but without a personal phone of their own they can feel that they're constantly at work or on call or when they leave that employer and have to return the phone its difficult if thats been your primary contact point for family and friends for a while.
It makes a lot of sense to have a personal phone and your company phone. You're still only paying for 1 phone which is a pretty reasonable expense.