How are you financialy?

by ball. 23 Replies latest jw friends

• 

  maxwell

  Based on my income, I would probably classified as middle class here in America. In reality, I have consumer debt from poor financial decisions and my net worth is below zero, however its not something I have trouble paying monthly and it will be payed off in a few years. Like others I realize that compared to the rest of the world, I am doing pretty good. I think the necessities are food, clothing and shelter. Everything else is extra. I can just look around myself as I sit at this computer and I see a lot of extras.

  I live in an apartment that is about 950 square feet, a small amount of living space by US standards and the fact that I live in an apartment is considered a trait of someone with not much money. Yet its more space than is necessary for sheltering two married people. Just the fact that I can access the Internet is an extra resource that isn't available to most people in the world. So I'm not complaining at all.
• 

  Simon

  Not rich or well off, have a nice little mid-terraced house with a bit of a garden at the back. Handy for the kids school.

  Paying off loans, debts and catching up financially after the hiatus of being in the WTS but doing ok or at least better than we were. Main focus is reducing our debts and then saving for Canada plus trying to put something into a pension.
• 

  Englishman

  We never have much left over. HL and I make around £55K between us, about $85K (?) but we always have 2 or 3 good holidays abroad each year. We've put 2 of our boys through uni too. We go out about twice a week and also buy lot's of food from Marks & Spencers.

  I have a fiver left in my pocket from what I drew out on Friday.

  Englishman.
• 

  RubaDub

  The impression, I am sure, of many British is that not only is the US rich but the average person lives in large accomodation with fairly good cash flow.

  Ahhhhhhh ...not exactly sure about Britain and other European countries....

  but ... we do seem to have to work ALOT here .. houses on average per the latest national average, nearly $190,000. For many of us, that amount buys little or nothing in most major cities on the east and west coast. Just ask anyone in Boston, New York, Miami, Seattle, Los Angeles, San Frnacisco or in most other coastal cities.

  If we are considered "rich" for having a $1500-2000 per month mortgage to buy a "starter" home ... well.. we do work our butts off to live here. Friends of ours in Northern New Jersey just bought a "starter" home for 285,000. Figure it out.

  ***** Rub a Dub