REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

Reply
 
Thread Tools
Old 11-13-2011, 05:54 PM   #51
Where's my RS Christmas Lobster?!
 
Join Date: Mar 2011
Location: N/A
Posts: 804
Thanked 1,016 Times in 271 Posts
Quote:
Originally Posted by azndude69 View Post
I still don't know how kids can spend 80% of their paycheck buying $200 + jeans, or $200 designer bags. Boggles my mind.

It's been long while since I was in highschool, but I remember at one time in grade 10 or 11?? We had some sort of career course? I remember one week we did had a lesson on financial management.

We had to make budgets based on income, expenses etc etc. and how much you make/spend etc. how you should have at least 2 months income savings for emergency.

I thought this was a valuable course, do they still teach kids this stuff in highschool? Or are the kids not paying attention anymore?

If they don't they should.
As a current grade 10 student, I was assigned a budgeting project in Business Education 8 as well as Planning 10. I'm in the enriched program at my school and work rather hard to achieve my 89% average. I have noticed that many don't even try to pay attention in class. On several occasions, some have asked me why I try hard in school instead of going out and enjoying myself. It is clear that the value of hard work and education does not apply to many in today's society. Some see the need to spend 80% of their paycheck buying said clothing accessories because of the following reasons.

1 : They want them. Some of their friends are wearing them, some rather popular people in the school are wearing them. They believe that it can cause them to feel secure about themselves. 2 : Bad parenting, I was at a cadet function once where I won a hat from the free raffle. I then overheard a parent telling their child to not win a hat but something better. At the time, I thought it was absurd as the hat was a bonus for attending the event. 3: Spending the maintain appearances and give other the impression that they are rather wealthy

But those kinds of habits will only lead to an unsustainable lifestyle. As mentioned in this thread several times, the majority of us are facing pressure to complete our education to a high standard and attain a good paying job. In science, we were learning about Natural Selection which favors those who adapt well to surviving and reproducing. This can be applied to an individual's financial situation in the way that those who manage money will eventually have the money to get married and create the future generation. In conclusion, it is the social factors and environment around us which cause some of us teenagers to irresponsibly spend 80% of our paychecks on Trues/Yoga Pants, etc.
Advertisement
AstulzerRZD is offline   Reply With Quote
This post thanked by:
Old 11-13-2011, 06:17 PM   #52
WOAH! i think Vtec just kicked in!
 
Join Date: Apr 2004
Location: Vancouver
Posts: 1,687
Thanked 731 Times in 294 Posts
Quote:
Originally Posted by AstulzerRZD View Post
In conclusion, it is the social factors and environment around us which cause some of us teenagers to irresponsibly spend 80% of our paychecks on Trues/Yoga Pants, etc.
That's a nicely written piece for a grade 10 student, and I agree completely with your conclusion.

This Planning 10 class, is every student required to take it?
iEatClams is offline   Reply With Quote
Old 11-13-2011, 06:19 PM   #53
Prince of the Apes
 
bloodmack's Avatar
 
Join Date: Oct 2007
Location: Abbotsford
Posts: 2,469
Thanked 3,046 Times in 672 Posts
Quote:
Originally Posted by Mr.HappySilp View Post
No way $1 still get u tons of stuff in the dollar store lol. If you haven't notice most vending machines sell a can of pop for $1.25 or 1.50 but if u go to dollar store it is sitll $1 even a pack of batteries is $1 lol.

But I know what you mean everyone have different vaule. I just upgraded my video card and a PSU and looking for a new computer case I guess is fine since I haven't purhcase anything in the last few months.
i think in the "digital era" we live in, having an up to date computer it a must. Sure it still falls under the "want" category but without one you wont get very in the world today.
__________________
There's times in life where I want a relationship, but then I cum.
Quote:
[23-08, 13:17] nabs i've gripped ice boy's shaft before
Quote:
[26-08, 13:50] Jesusjuice is this a sports car forum? why are there so many hondas?
bloodmack is offline   Reply With Quote
Old 11-14-2011, 08:24 AM   #54
Willing to sell a family member for a few minutes on RS
 
hotjoint's Avatar
 
Join Date: Feb 2005
Location: Surrey
Posts: 12,739
Thanked 674 Times in 369 Posts
Quote:
Originally Posted by Mr.HappySilp View Post
I do beleive that a lot of us do have our proities wrong. We get mix up from "Needs: and "Wants" and digging a hold for ourselves.

Do we need to pay $700 for an Iphone 4s when we just had the iphone4 last year? Or do we need a new laptop when we got one last year? Or even just we need need another pair of shoes when we already own 30 pairs of shoes? A lot of people will say We need it, but really we don't...........

Is just not happening to us but also to high school kids. I think we really have the media to blame for this. You seen on TV and ads is like people with all these net technologya nd is living the life carefree pushing us thinking into that way.

We also spend a lot of stuff we don't need! Do we need to have a $5 starbucks coffee every morning even though the office have coffee?

If people manage thier money well they can live just fine even making min wages. Well your life won't be in good shape but you can surive. But it is getting tougher everything is increasing in prices while wages don't increase so much.
This. I'm one of the few people in of my group of friends that really has any savings, I'm not talking about 1000+, I'm talking about 100,000+. The rest are too concerned with having the latest electronics, clothing etc.... It's amazing how the media has brainwashed everyone into thinking that they "need" certain things. It's sad seeing all these people who make good money struggle because they live a lifestyle beyond their means.

Last edited by hotjoint; 11-14-2011 at 08:51 AM.
hotjoint is offline   Reply With Quote
Old 11-14-2011, 08:38 AM   #55
RS.net, helping ugly ppl have sex since 2001
 
Great68's Avatar
 
Join Date: Mar 2002
Location: Victoria
Posts: 9,696
Thanked 3,943 Times in 1,393 Posts
Some sort of financial planning/management course should be worked into the high school curriculum. I realize that there are plenty of resources out there for self education, but not enough people do that.

My parents were very responsible with their money, but they never sat down and explained how it all worked to me.

I have savings and no debts (I'm debtphobic) but I think that if I had known more about investing etc back when I was a teenager, that I'd have an even bigger leg up today.
__________________
1968 Mustang Coupe
2008.5 Mazdaspeed 3
1997 GMC Sonoma ZR2
2014 F150 5.0L XTR 4x4

A vehicle for all occasions
Great68 is offline   Reply With Quote
Old 11-14-2011, 09:44 AM   #56
MiX iT Up!
 
tiger_handheld's Avatar
 
Join Date: May 2006
Location: vancouver
Posts: 8,111
Thanked 2,062 Times in 861 Posts
Quote:
Originally Posted by AstulzerRZD View Post
As a current grade 10 student, I was assigned a budgeting project in Business Education 8 as well as Planning 10. I'm in the enriched program at my school and work rather hard to achieve my 89% average. I have noticed that many don't even try to pay attention in class. On several occasions, some have asked me why I try hard in school instead of going out and enjoying myself. It is clear that the value of hard work and education does not apply to many in today's society. Some see the need to spend 80% of their paycheck buying said clothing accessories because of the following reasons.

1 : They want them. Some of their friends are wearing them, some rather popular people in the school are wearing them. They believe that it can cause them to feel secure about themselves. 2 : Bad parenting, I was at a cadet function once where I won a hat from the free raffle. I then overheard a parent telling their child to not win a hat but something better. At the time, I thought it was absurd as the hat was a bonus for attending the event. 3: Spending the maintain appearances and give other the impression that they are rather wealthy

But those kinds of habits will only lead to an unsustainable lifestyle. As mentioned in this thread several times, the majority of us are facing pressure to complete our education to a high standard and attain a good paying job. In science, we were learning about Natural Selection which favors those who adapt well to surviving and reproducing. This can be applied to an individual's financial situation in the way that those who manage money will eventually have the money to get married and create the future generation. In conclusion, it is the social factors and environment around us which cause some of us teenagers to irresponsibly spend 80% of our paychecks on Trues/Yoga Pants, etc.

Very well written response; I see how you get 89% now. Like how you applied a concept from Science 10 to the "real world" - well done!
__________________

Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.


Make the effort and take the risk..

"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
tiger_handheld is offline   Reply With Quote
Old 11-14-2011, 10:08 AM   #57
My homepage has been set to RS
 
drunkrussian's Avatar
 
Join Date: Dec 2008
Location: Vancouver
Posts: 2,308
Thanked 825 Times in 341 Posts
never had debt in my life and dont plan on having any and im 25 so just within this range. i live by myself fairly comfortably (knock on wood) and put aside decent savings but still enjoy life. however, realistically i would need to marry and move away from this province if i ever want to own a house or condo. it is just not possible to own and live comfortably as i am when renting in this province. and renting is overpriced as hell so thats saying something.

Quote:
Originally Posted by AstulzerRZD View Post

1 : They want them. Some of their friends are wearing them, some rather popular people in the school are wearing them. They believe that it can cause them to feel secure about themselves. 2 : Bad parenting, I was at a cadet function once where I won a hat from the free raffle. I then overheard a parent telling their child to not win a hat but something better. At the time, I thought it was absurd as the hat was a bonus for attending the event. 3: Spending the maintain appearances and give other the impression that they are rather wealthy
worst part is how a 15-22 year old sees someone with overpriced jeans on and this for them means theyre rich. they dont realize that most of us could easily afford 100 pairs of these jeans and choose not to buy them because we're not idiots. pretty much relates to both your points #1 and 3. fools spend their paychecks to come off as cool and rich when in reality the guy with the levis is buying a condo
Posted via RS Mobile

Last edited by drunkrussian; 11-14-2011 at 10:14 AM.
drunkrussian is offline   Reply With Quote
Old 11-14-2011, 10:34 AM   #58
Even when im right, revscene.net is still right!
 
Mr.C's Avatar
 
Join Date: Aug 2010
Location: Richmond
Posts: 1,355
Thanked 1,776 Times in 444 Posts
Quote:
Originally Posted by Ludepower View Post
How much does one have to make an hour to pay monthly bills, buy food and own a 1 bedroom condo in the GVRD?

atleast $25/hr?
I am making less that that, and I pay a Mortgage, have a car, and pay all my bills on time. Perfectly possible.
Mr.C is offline   Reply With Quote
Old 11-14-2011, 11:56 AM   #59
Revscene.net has a homepage?!
 
604nguyen's Avatar
 
Join Date: Dec 2004
Location: Coquitlam
Posts: 1,247
Thanked 497 Times in 133 Posts
it all really depends on how you live your 'lifestyle'....

In not trying to brag, but giving you guys an example,

Im 27, moved out at 22, never received a dime from my parents since high shcool......own a 380k townhouse, a 5 series and an rx7, no debts other than my mortgage. I vacation at least once a year.
No I don't buy fancy clothes, eat out everyday, or party 3 times a week, some people call me cheap, but hey.... im comfortable

an acquaintance of mine, same age, makin the same amount of flow, if not more...
still lives at home with mom, cant afford a car, or pay off his credit card debts, but hes flashy as hell, buying $400 jeans, spending $100s on drinks trying to pick up LG's every weekend blowing paycheque to paycheque, like money aint a thaaaang...
On top of that he complains how hard financially life is.






Alot of times its these people who 'feel the squeeze'
__________________
E70 4.8i
604nguyen is offline   Reply With Quote
This post thanked by:
Old 11-14-2011, 12:32 PM   #60
"Entertainment" mod.
 
CorneringArtist's Avatar
 
Join Date: Feb 2009
Location: Surrey, BC
Posts: 5,068
Thanked 3,389 Times in 1,033 Posts
Quote:
Originally Posted by azndude69 View Post
That's a nicely written piece for a grade 10 student, and I agree completely with your conclusion.

This Planning 10 class, is every student required to take it?
Planning 10 has been mandatory since they changed the graduation requirements in 2005 I believe. Before I started Grade 8 that year in the fall, they dropped Planning 10 on the Grade 10 students that year.

Personally, I intend on being able to move out by the time I'm 22 or 23, but I'm making manageable payments on my newly financed car, with enough money left to save for my level 2,3, and 4 apprenticeship courses, saving for the down payment on a home, and I've started a TFSA and RRSP (although, I started both rather late since I didn't have much money).

Despite living at home for now and choosing not to spend my cash on hookers, blow, and LGs, I understand the value of money since I started working full-time, and with the way things are going, my goal seems realistic barring unexpected expenses (knock on wood).
__________________
Borokusowagen.
CorneringArtist is offline   Reply With Quote
Old 11-14-2011, 01:01 PM   #61
I Will not Admit my Addiction to RS
 
xyz123's Avatar
 
Join Date: Mar 2007
Location: Vancouver
Posts: 514
Thanked 81 Times in 29 Posts
Like wise, article is pretty bias, but at least they put it out there as an eye opener for young adults who read the newspaper.

I think we're heading into something rough for our generation. I mean if you think about how the world economy is going, we may find ourselves a lost generation. Now when i say this, i'm not saying everyone in our generation is going to be without jobs but majority will globally. Also i'm talking about the people who have the potential to obtain a comfortable job but can not due to the economy being pretty bad.
xyz123 is offline   Reply With Quote
Old 11-14-2011, 01:06 PM   #62
My dinner reheated before my turbo spooled
 
Join Date: Jun 2008
Location: Vancouver
Posts: 5,944
Thanked 13,521 Times in 1,745 Posts
Quote:
Originally Posted by 604nguyen View Post

an acquaintance of mine, same age, makin the same amount of flow, if not more...
still lives at home with mom, cant afford a car, or pay off his credit card debts, but hes flashy as hell, buying $400 jeans, spending $100s on drinks trying to pick up LG's every weekend blowing paycheque to paycheque, like money aint a thaaaang... On top of that he complains how hard financially life is.
You just described every wannabe baller faggot in Vancouver

lol
__________________
PHOTOGRAPHY / FLICKR
1exotic is offline   Reply With Quote
This post thanked by:
Old 11-14-2011, 05:13 PM   #63
My homepage has been set to RS
 
dark0821's Avatar
 
Join Date: Oct 2008
Location: Van604
Posts: 2,420
Thanked 1,508 Times in 386 Posts
I am currently 23 and Being Asian I get to live at home with my parents but honestly speaking moving out is not even possible with my current situation. It's sad but it's true

Because of the lack of living expenses I am able to put something like 700 a month into savings (after spending the rest of my income on phone/Internet bills, car insurance and gas, tuition) but honestly even at 700 that will still take me a good 6 years to save up 50,000.

I don't think there is any old studio/ 1 bedroom apartment that sells for 150,000 but even at that. Taking a 100,000 25 year mortgage from the bank yields something like 650 a month which is close enough of what I am putting aside every month right now... Ya I am feeling the squeeze alright...

Lol end rant/

I know I am better off than a lot people who had to fend for themselves since high school but come on, living in Vancouver is ridiculous
__________________
Proud member of GRAPE Great Revscene Action Photographers Enthusiasts

AE101 Corolla 96' Winter Beater//Sold
RPS13 240SX 90' //STOLEN
RMS13 240SX 91' Project Car//Scrapped
RHS13 240SX 90' DD//Scrapped
S35 Rogue 12' Baby Carrier//Gifted to Parents
GD 6-Speed GLS Elantra 13'//Sold
CZ4A 5-Speed GSR Evolution 08' New Baby Carrier // Totalled
Ioniq DCT 19' New Kids Carrier //Traded in
Prius Prime 21' New New Kids Carrier
NA MX-5 5MT 97' Daily
GSX-R 600 K5' Mental Therapy
dark0821 is offline   Reply With Quote
Old 11-14-2011, 05:17 PM   #64
My homepage has been set to RS
 
drunkrussian's Avatar
 
Join Date: Dec 2008
Location: Vancouver
Posts: 2,308
Thanked 825 Times in 341 Posts
^agree. on the upside when u save enough in five years and buy a place ull. e making more than what you are now. so the entire 700 will NOT go towards the mortgage. some will go towards car payment and strata fees and bills as well :-p
Posted via RS Mobile
drunkrussian is offline   Reply With Quote
Old 11-14-2011, 06:40 PM   #65
Even when im right, revscene.net is still right!
 
Join Date: Feb 2002
Location: Kelowna
Posts: 1,301
Thanked 66 Times in 21 Posts
I have to say kudos to all who work hard and save money and pay for everything themselves. You guys are few and far between and if there were more of you in the lower mainland it would be a great place to live.

I'm lucky enough to be in a profession where my starting pay after being called to the bar, even in a smaller center like Kelowna, was a lot more than most people my age make. I'm moving back to Vancouver soon and while I'll get a significant pay raise, bills are also going to be raised significantly and my wife and I will be feeling the squeeze, albeit a bit more comfortably than the 30k millionaires do.

I'll never understand why people would pay $1500 / mo to rent downtown when they bring home $2000 a month.
__________________
Wut.
Jassanova is offline   Reply With Quote
Old 11-14-2011, 07:32 PM   #66
WOAH! i think Vtec just kicked in!
 
Join Date: May 2005
Location: vancouver
Posts: 1,620
Thanked 218 Times in 59 Posts
Quote:
Originally Posted by dark0821 View Post
I am currently 23 and Being Asian I get to live at home with my parents but honestly speaking moving out is not even possible with my current situation. It's sad but it's true

Because of the lack of living expenses I am able to put something like 700 a month into savings (after spending the rest of my income on phone/Internet bills, car insurance and gas, tuition) but honestly even at 700 that will still take me a good 6 years to save up 50,000.

I don't think there is any old studio/ 1 bedroom apartment that sells for 150,000 but even at that. Taking a 100,000 25 year mortgage from the bank yields something like 650 a month which is close enough of what I am putting aside every month right now... Ya I am feeling the squeeze alright...

Lol end rant/

I know I am better off than a lot people who had to fend for themselves since high school but come on, living in Vancouver is ridiculous
I presume you have to look at the fact that your living wage should be a fair bit more in 5 years. So while it may take 6 years to save, I don't think you'll be feeling the financial squeeze the same as your feeling now.
rslater is offline   Reply With Quote
Old 01-08-2012, 06:20 PM   #67
Where's my RS Christmas Lobster?!
 
Join Date: Mar 2011
Location: N/A
Posts: 804
Thanked 1,016 Times in 271 Posts
Quote:
Originally Posted by azndude69 View Post
That's a nicely written piece for a grade 10 student, and I agree completely with your conclusion.

This Planning 10 class, is every student required to take it?
Hi azndude, and sorry for the late reply.

Yes, all students today are required to take Planning 10 before attaining eligibility to graduate. However, Planning is geared towards discovering more about the adult workplace and post secondary opportunities.

We are also required to do Graduation Transitions which forces us to think about our current lives, and write out exactly what we plan to do with it after we graduate.

There isn't really a course which focuses upon getting "prepped" for financial responsibility or "running your own life" in high school. Not even Business 10.

I personally keep track of all my purchases and expenses through an online service called the Birdy and manage most of my own money.
AstulzerRZD is offline   Reply With Quote
Old 01-08-2012, 06:51 PM   #68
reads most threads with his pants around his ankles, especially in the Forced Induction forum.
 
Mr.HappySilp's Avatar
 
Join Date: Mar 2004
Location: Vancouver
Posts: 10,645
Thanked 2,190 Times in 1,131 Posts
sigh... Got an ipad2 around Chirstmas and still refund it in the end..........

It was fun to have around I have to be honest. I spend nights just watching netflix, pps play games on it...... but for $700 I could have saved it......

I guess is the right thing to do though.....
Mr.HappySilp is offline   Reply With Quote
Old 01-08-2012, 08:29 PM   #69
resident Oil Guru
 
LiquidTurbo's Avatar
 
Join Date: Mar 2005
Location: Vancouver
Posts: 7,716
Thanked 10,457 Times in 1,794 Posts
If there's something you want, ask your self. In 10 years, am I going to look back and regret that I bought this thing?
LiquidTurbo is offline   Reply With Quote
This post thanked by:
Old 01-08-2012, 09:24 PM   #70
Banned By Establishment
 
Join Date: Jul 2010
Location: Vancouver
Posts: 166
Thanked 127 Times in 30 Posts
YOLO.
z-33 is offline   Reply With Quote
Old 01-08-2012, 11:05 PM   #71
I *heart* Revscene.net very Muchie
 
Join Date: Jul 2007
Location: BC
Posts: 3,558
Thanked 3,813 Times in 957 Posts
Well... she's a fucking pastry chef. That explains.
flagella is offline   Reply With Quote
Old 01-09-2012, 01:19 AM   #72
Rs has made me the woman i am today!
 
Join Date: Nov 2010
Location: /
Posts: 4,004
Thanked 1,923 Times in 666 Posts
I was just wondering, at the age of 15 what would be a reasonable amount to throw into rrsp every month?
Posted via RS Mobile
Gerbs is offline   Reply With Quote
Old 01-09-2012, 01:34 AM   #73
NLY
Helps you change your flat, doesn't hit on your girlfriend while doing so
 
NLY's Avatar
 
Join Date: Dec 2010
Location: Coquitlam
Posts: 916
Thanked 1,756 Times in 278 Posts
Start with a small amount (ie. $50/paycheck biweekly) and then as you make more income, increase the amount you contribute!

You have to remember you cannot spend that money (put away for long-term) and if you do there's a penalty so manage your finances wisely

Props for thinking about retirement at 15 years old.
__________________
_

2016-2017 Revscene Fantasy Basketball Champion
NLY is offline   Reply With Quote
Old 01-09-2012, 08:33 AM   #74
I answer every Emotion with an emoticon
 
q0192837465's Avatar
 
Join Date: Apr 2005
Location: Vancouver
Posts: 7,760
Thanked 375 Times in 181 Posts
Quote:
Originally Posted by Gerbs View Post
I was just wondering, at the age of 15 what would be a reasonable amount to throw into rrsp every month?
Posted via RS Mobile
There's not really a point in throwing money in RRSP if u aren't paying taxes. I don't know how much u make but it's unlikely that u need to pay any income taxes from ur part time job at age 15. Save ur room till ur in a full time position.
Posted via RS Mobile
q0192837465 is offline   Reply With Quote
Old 01-09-2012, 08:35 AM   #75
My homepage has been set to RS
 
melloman's Avatar
 
Join Date: May 2005
Location: #604
Posts: 2,267
Thanked 2,454 Times in 813 Posts
Honestly thinking retirement @ 15 years old..?

I would start to consider retirement once I have purchased my first apartment/condo/home. Unless your going to use the RRSP for a down payment in a "Home Buyers' Plan" yet even then, that's only $25,000/year you can withdraw for it.. It'd put it in a TFSA or Mutual Funds, let it grow and withdraw when ready for the big purchase.. (Or atleast the TFSA/MF is what I'm currently doing while saving for a down payment for property.)
melloman is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 05:29 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2022, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net