It's shocking to me sometimes. I eat out a lot and go out, but this insane craze of daily delivery via skip is wild to me. Some of my friends are spending almost as much on delivery as their rent.
When your getting things like eggs/toast/coffee delivered it's wild. Countless male friends I know don't own a bbq and get steak delivered. Spaghetti and tomato sauce via Skip. This is pure stupidity and laziness to a degree that can't be explained in my opinion
Friends of ours get Blizzards delivered from a Dairy Queen that is less than a block away. I just glaze over when they complain about money.
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My finances are great. While I think inflation is hitting people hard, a lot of people just simply don't know how to budget.
While this seems Callous I actually agree with the budget part. A lot of people don't know how to or don't care to. I'm in the latter category.
I could budget a lot better but I don't care to honestly and that's my own fault I guess. I spend a lot of money on unnecessary things like travel and going out for dinner but to me I feel like if I'm not traveling or going out for dinner then what's the point of even having a little bit of money?
I know a guy who literally has over 100 million dollars in money and assets in Calgary and if you seen him you'd give him a dollar. He looks homeless. He is known to be very cheap. Whats the point of all that money? I rather live a little if that means a family vacation every year over having an extra 10k in savings then so be it. I know it's not smart financially and other don't even have the luxury of making those choices but I just can't live like that. I wish I valued a single dollar like that man with all that money.
As god as my witness as I'm typing this my wife is looking at the Flipp app and just said "how do people afford to shop at sobeys".
This is honestly a crisis. There is no way the majority of families can afford to feed their family healthy food or even unhealthy food right now.
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Wife and two kids, his frickin grocery bill alone is probably north of 30 000 a year. Plus OP even acknowledges that most people have it even worse than that
Again, yeah you could sit there and talk about potential savings but I'll reiterate, if you work a decent full time job you shouldn't have to live like you're on EI. Yeah, we'd all have a lot more cash if we only ate KD. I'd also want to call it a day and off myself at that point.
Scumbag move to look only at your own situation and think 'this is fine.' Myself and my wife are doing okay right now too, but I'm still pissed at the way things are going, and our exit strategy is in full effect now. Canada is broken, there's no more bootstraps to pull up
The rich get rich by living like they’re poor
The poor stay poor by living like they’re rich
When my kids were little they never saw a strawberry in winter. The scurvy little buggers still got all their teeth!
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Friends of ours get Blizzards delivered from a Dairy Queen that is less than a block away. I just glaze over when they complain about money.
The whole stop buying avocado toast thing makes me roll my eyes. But then there are stupid things like this and you have to wonder what other stupid #### people are doing. So maybe it's a little of both.
I came across a video from this channel and it will make you feel better about your financial awareness no matter who you are. Looks like he basically has the same financial audit process for dozens and dozens of people. So many people have no idea about finances, it's wild.
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I have four boys (15, 13, 8 and 4) and all are in sports.
I'm at a job that pays 100% commission that has been decreasing every year since 2022. 2024 has been really bad so far. So I feel the pain.
Definitely don't use food delivery services ever. I think that is just a total waste of money.
I work from home so I don't need before and after school care. Just pay for my 4 year old. Next year he'll be in kindergarten so that cost will be reduced. I won't have any child care costs in two years. So looking forward to that.
Helps that the only debt we have is our mortgage but man, I chose a variable over a 2% fixed rate in 2022. What a huge financial mistake. That'll cost me tens of thousands of dollars for sure.
Should be mortgage free in 9 years though. That'll make me 54 years old when I'm mortgage free. Hoping to retire at 60 so that'll give me a good 6 years to super save for retirement
I hope everyone realizes this is inning #1? Like, #### is going to get wild here. We want carbon tax at $170/T right? Isn’t that what all the smart politics threads tell us? Don’t we want taxes higher? Don’t we want higher service levels? Don’t we want this and that?
Can’t have everything. Have to have an economy, and sorry, that means yes resources need to be extracted and we can’t have the BC gov and 5 FN bands ####ing over industry left right and centre with their incompetence.
People want more money they need to support / get into the things that, ya know, make ####ing money. Wild concept, I know.
What industries pay like oil and gas? I’ll wait. Yet oil and gas are the ones #### all over all day by everyone.
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Wife and two kids, his frickin grocery bill alone is probably north of 30 000 a year. Plus OP even acknowledges that most people have it even worse than that
Again, yeah you could sit there and talk about potential savings but I'll reiterate, if you work a decent full time job you shouldn't have to live like you're on EI. Yeah, we'd all have a lot more cash if we only ate KD. I'd also want to call it a day and off myself at that point.
Scumbag move to look only at your own situation and think 'this is fine.' Myself and my wife are doing okay right now too, but I'm still pissed at the way things are going, and our exit strategy is in full effect now. Canada is broken, there's no more bootstraps to pull up
30k a year on groceries is insane for four people. I have two teenagers we eat fairly well for $1600 a month and that includes all household cleaning / toilet tree / laundry stuff. How do you get to a 30k food budget?
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If there's one thing I'm sick of it's people talking about all the things you could/should cut to save money.
Yeah, there's absolutely some good advice in there, and a lot of people make a lot of wasteful spending decisions these days. But you know what, if you work a decent full time job, you should be able to afford Netflix and the occasional meal out.
####ing insane that educated full time workers need to live like they're on EI
Likewise I'm sick of people complaining about not having money, and making no effort whatsoever to curb spending. The living embodiment of "we've tried nothing and we're all out of ideas!"
There's a difference between "Netflix and the occasional meal out," and "five streaming service subscriptions and eating out ten times a week", and I know people who do the latter.
I hope everyone realizes this is inning #1? Like, #### is going to get wild here. We want carbon tax at $170/T right? Isn’t that what all the smart politics threads tell us? Don’t we want taxes higher? Don’t we want higher service levels? Don’t we want this and that?
Can’t have everything. Have to have an economy, and sorry, that means yes resources need to be extracted and we can’t have the BC gov and 5 FN bands ####ing over industry left right and centre with their incompetence.
People want more money they need to support / get into the things that, ya know, make ####ing money. Wild concept, I know.
What industries pay like oil and gas? I’ll wait. Yet oil and gas are the ones #### all over all day by everyone.
Should be mortgage free in 9 years though. That'll make me 54 years old when I'm mortgage free. Hoping to retire at 60 so that'll give me a good 6 years to super save for retirement
This is the light at the end of the tunnel that some people don’t see. It would be great if you could make maximum savings contributions early on like financial gurus tell you to but the next best thing is make big deposits after the mortgage payment and most of the kids are gone.
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Thank Jesus my youngest is off baby formula too. You better hope the mom breast feeds because holy smokes has that ever got expensive. I spent close to $8000 the first year just on formula. Is it really that expensive to produce this stuff?
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This is the light at the end of the tunnel that some people don’t see. It would be great if you could make maximum savings contributions early on like financial gurus tell you to but the next best thing is make big deposits after the mortgage payment and most of the kids are gone.
But you've lost the time for compounding to help grow things?
because we have 2 jobs and a side hustle running in our house, bring in a fair amount more money than OP. Two tween kids. Roughly $350K in household debt currently on a 14 year amortization schedule.
Money goes out a hell of a lot faster than it seems to come in. Not Gravely panicked about it right now. We have pension matching, so there is a fair amount going into retirement savings. Expect to own our house outright and be empty nesters in our late 40s, should give us the opportunity to basically do what we want.
We'll probably look at a sideways move to a nicer/smaller property situation. possibly buy some vacation property to amortize at our planned retirement age, probably travel a lot more than we have from our mid 20s to late 30s once we don't have kids in the way and expensive sports team fees...
30k a year on groceries is insane for four people. I have two teenagers we eat fairly well for $1600 a month and that includes all household cleaning / toilet tree / laundry stuff. How do you get to a 30k food budget?
Inflation has seriously messed with Canadians’ heads. Especially those who have no adult experience of anything but the ultra-low inflation rates of the last 20 years.
That doesn’t account for housing. But the fury over the cost of living and our recent bout of inflation seems excessive. Our parents and grandparents endured much worse for much longer.
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If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
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