Is The Country Living On Credit?

dj9928

I'm baffled here and hope someone can let me in on the secret, Let me explain,

I'm not in a well paid job, I come home with £200 a wk, theres 4 of us at work.

• Myself I have 2 kids and rent a house and my wife is on min wage
• Guy 2 owns his house, has 2 cars, 2 children and wife does not work
• Guy 3 owns his house, has 2 cars, no children and wife working.
• Guy 4 Lives at home, has a car.

Now we all get paid the same yet in all I am the worse off out of all of us, I rent as can't get a mortgage, never had a holiday, and at the end of the week theres no money left by the time bills are paid etc.

Guy 4 for example has a 42" Plama TV in his bedroom, Guy 2 had a 52" LCD TV and also has a BMW, Guy 3 has 2 cars and 2 motorbikes, these guys also go on holiday every year somewhere foreign.

Us on the other hand have an old CRT TV and drive a knackered Astra, we have nothing of any value.

So why is it We have nothing and these other guys have everything, Guy 2 for example has just built a new 4 bedroom detached bungalow, I sware everything I have said is true, are these people just living on credit?? If not can someone let me into the secret please??

Adrasteia01

Maybe they're earning more money or earning additional money elsewhere?

GingerSte

I believe that this country is living on credit, and if something happens to stop that (ie Northern Rock type stuff) then we're slightly knackered.

Having said that, Guy 4 is living at home so his bills are probably miniscule next to yours (parents are suckers).

trying-very-trying

Have you tried checking to see if you can claim any benefits??

hypno06

They are probably either using credit cards, re-mortgaging, finance for the car, buy now pay 12 months for the TV etc etc.

dj9928

Yeah I checked but no all we get is tax credit and child benefit, I assume they have to be living on credit, theres no other way around it.

globalds

Maybe some of these guys had a golden ticket .
Parent dies leaving them either House or cash lump sum to subsidise there salary.
or If they have owned a house for some time there mortgage may be only half your present rent.

ZTD

It depends on how well you play the benefit and tax systems as well.

In_Search_Of_Me

if it seems too good to be true, it usually is! Sure it will catch up with them in the end!

pointypenguin

It might be hard sometimes but you should not compare yourself to others. It just gets depressing and as other have said you do not know how these people fund their lifestyle.

I always think of the moneysaving as not how much money you earn but how you spend it.

I would rather go on holiday than have a fancy TV. And I would rather have my independence than live at home.

Different strokes for different folks as they say.

earwig

i know how you feel my freind earned less than us yet run two cars have the latest gagets hoildays money never a problem and i used to wonder what i was doing wrong with money

then two weeks ago i found out that they are 30 grand in debt on cc have a ten grand loan and there house has been remortaged 3 time in the last 3 years i found this out as cc got refuse when they treid to get there food shop there mortage has gone up for the sixth time this year from 400 per month to 923 per month and they now pay more on cc and mortage payment than they both earn they are curantly at the burry your head in the sand and hope it gose away stage

they havent paid the cc amounting to 1000 per month for two months now and when i try to point out about this site and dmps i just get it ok were going to remortage again but there is not enough left in the house to cover all there debt

now i just think im so glad i havent got the things you have got as i havent got the worry on how im going to pay for it i read somewhere that the credit boom made poor people feel rich i think that is defently the case of my freind they only earn 1600 per month with both of them working they should never of got the amount of credit they got