Giving away saver's money like lolly pops when over half of Canadians do not even have $200 in their pocket at month-end? Everyone driving Mercedes on credit, RV's all on credit, boats, vacations, big houses, this is insane!
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Agree with the last two , this is going to crash hard . You can't spend $2 for every $1 you make - it's gonna crash sooner than later.
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So, do you guys mean that the $68,000 fifth wheel camper and 2014 super duty truck pulling are not paid for?
What does this matter? Mom and Dad are making memories with their young family. Thats what its about. Kids dont care how much money you make. They will remember the fun times with Mom and Dad even if some stuff goes away this winter.
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Setting lifestyle standards for the little bastards that they may not be able to maintain themselves as adults? ...way to go mom and dad!
Credit should be a privilege not a right!
Few want to start at the bottom and if the "Joneses'" can have it why can't I?
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No one gets executed or imprisoned for declaring bankruptcy. ...what do you have to lose if you have no conscience or don't care? Debt write-down, mediation, restucturing, interest waived, repossess?
Go for it, live large!
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And talk of subsidized national daycare plan. Why not buy a house u can afford, sell the cottage and seadoos, and no need to lease a suv and 4x4 truck every two or three years. As i said before, wait for it, trudeau will tap into farm incomes to help pay for these lifestyles.
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Originally posted by hobbyfrmr View PostSo, do you guys mean that the $68,000 fifth wheel camper and 2014 super duty truck pulling are not paid for?
What does this matter? Mom and Dad are making memories with their young family. Thats what its about. Kids dont care how much money you make. They will remember the fun times with Mom and Dad even if some stuff goes away this winter.
This seems to be the problem with these millennial kids they all expect to have their parents live style when they are in their 20s. You don't have to look very far to see mid 20 kids with no education and no career.
Teach your kids how to spend less than they make and that memory will last a life time.
Iceman Out
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Originally posted by iceman View PostOh they are making memories all right. How many of these memory making parents have a RESP plan for the kids? And how many max out the contributions each year? The government matches 30%. Its free money you clowns but hey just go on making memories.
This seems to be the problem with these millennial kids they all expect to have their parents live style when they are in their 20s. You don't have to look very far to see mid 20 kids with no education and no career.
Teach your kids how to spend less than they make and that memory will last a life time.
Iceman Out
You can diffuse the awkwardness by saying " I just told them to make the monthly payments the same."
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