"Affluenza"
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*wondering about ah Bear and his 4 cents*
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I have a student loan and car loans.
The prospect of working for a syndicate seems sooo tempting
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Come find me.. quick quick.. i'm lost in this jungle of cash crops.Originally posted by jetta:Drowning in cash? I'll help take away all your burden.
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gackt, me lub u deep deepOriginally posted by Gackt247:Come find me.. quick quick.. i'm lost in this jungle of cash crops.
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everyone knows among first world nations, the US military has the worse pay ... go ask hubster, he'll tell you the same thing also ...Originally posted by jetta:You promise? *looks at Fatum with puppy dog eyes*
expect the monthly mana to at least double .... and if he's going into systems security like you mentioned, the sky's the limit, especially if he's going to be a conman-sultant ... -
Dun wan.. i scared u r alex.toOriginally posted by alexkusu:gackt, me lub u deep deep -
Alamak Fatum, no need to ask. When I first found out about his pay, I wasOriginally posted by Fatum:everyone knows among first world nations, the US military has the worse pay ... go ask hubster, he'll tell you the same thing also ...
expect the monthly mana to at least double .... and if he's going into systems security like you mentioned, the sky's the limit, especially if he's going to be a conman-sultant ... 
. And I'm still complaining! That's why he says if he makes chief during this year's promotion cycle, he's going to decline it. -
I got friends who used to be Marines and when they told me how much they were paid I was quite horrifiedOriginally posted by jetta:Alamak Fatum, no need to ask. When I first found out about his pay, I was . And I'm still complaining! That's why he says if he makes chief during this year's promotion cycle, he's going to decline it. 
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But... but... you're living in California, right? Aren't all residents of California required, by state law, to be obscenely wealthy???Originally posted by jetta:Alamak Fatum, no need to ask. When I first found out about his pay, I was . And I'm still complaining! That's why he says if he makes chief during this year's promotion cycle, he's going to decline it. 
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You know the SG gov is slowly removing that and very soon Singaporeans have to worry about their mortgageOriginally posted by Rhonda:True! Over here, you can apply for a 100% home loan BUT, the interest kills! Worse, most of these 100% loan plans do not have fixed interest rates so if the rates increase, you can really end up crying!
Best thing is to save at least 5% of the cost of the property as downpayment, and then apply for a home loan. However, to get a favourable deal, I think you have to show a steady savings level in your bank account.
I think back in SG, with most people paying off their apartments using CPF, you don't really need to come up with cold hard cash so the urgency of saving might not be felt as acutely.
Darnit... within the next few years, I'll have to cough up the 5% downpayment to quickly get a place to call my own before the property prices rise even further!
Right now alot of them still don't understand the meaning of having to service a mortgage.
They do not have to worry about interest or even make mortgage payments coz HDB deducts automatically
Money not seen isn't money felt >< -
ka sala! ka sala! * click*Originally posted by Meia Gisborn:But... but... you're living in California, right? Aren't all residents of California required, by state law, to be obscenely wealthy??? -
Actually I read somewhere about their army pay and I was horrified as wellOriginally posted by av98m:I got friends who used to be Marines and when they told me how much they were paid I was quite horrified -
Just curious: why are fixed rate home loans so hard to come by in your area? What's the usual difference in interest rates between a fixed and variable rate home loan?Originally posted by Rhonda:True! Over here, you can apply for a 100% home loan BUT, the interest kills! Worse, most of these 100% loan plans do not have fixed interest rates so if the rates increase, you can really end up crying! -
Air force pay is the highest among all the services, with the Army being the worst.Originally posted by elindra:Actually I read somewhere about their army pay and I was horrified as well -
Actually MeiaOriginally posted by Meia Gisborn:Just curious: why are fixed rate home loans so hard to come by in your area? What's the usual difference in interest rates between a fixed and variable rate home loan?
It's difficult to get a fixed rate home loan in SG too
They might have a mix in the sense that for the 1st year you get a fixed rate and after that it is a fixed % over prime rate ><
Or they will vary the % over prime depending on the year etc
I was comparing HDB vs Bank loans some time back and seriously if we have to take this into consideration it makes buying a flat even more bo hua -
Check out our military pay chart.
http://www.militarypay.com/MilitaryPayChartsJanuary12006.html -
Sorry I got to read this so late - I don't get to read all the posts in the forums that I wanna these days cause of my limited online time.Originally posted by Meia Gisborn:Just curious: why are fixed rate home loans so hard to come by in your area? What's the usual difference in interest rates between a fixed and variable rate home loan?
Honestly, I don't know enough about this issue to give you an answer. I wonder if honeymouse / fymk / Gedanken might be able to throw light on the issue.
I know that the majority of folks here take out variable interest rate loans, that's why in the beginning of this year, when interest rates increased, a lot of folks were bitten hard.
I guess in a few years' time, I'll be joining them in the annual interest rates concern.
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Yeah... some of us get burnt!Originally posted by jetta:Rhonda, I'm right behind you. I've made financial mistakes too. Expensive experience huh?
*sigh* Transitions are almost always difficult and expensive. You know my story, relocating every 3 years. All that moving has only compounded my debt situation. Digging out of debt takes time and discipline and when we're almost at the surface, it's time to move yet again. Can't win. Since this is our very last duty station, it's prompted us to buy a place since we receive a housing allowance. IMHO, mortgages are a necessary evil. For now that allowance pays for 90% of the mortgage until the hubster retires this year. *gulp* Like they say, MG, "Onward and upward".
Mortgages are scary! Once you take out a mortgage, it's like die-die must work! With your dying breath, you still have to work otherwise, you won't have a roof over your head!
Scary thought, but it's part of what it means to be a 'responsible and independant adult'.
I think the stress increases double-fold when you are married with kids. But then again, in such situations, having double wage earners to share with the bills can ease the situation somewhat, provided the extra family expenses are not astronomical! -
Remember I was telling you about my mom bugging me to return to SG to purchase a flat when I turn 35, so we can rent it out and get rental income?Originally posted by elindra:Actually Meia
It's difficult to get a fixed rate home loan in SG too
They might have a mix in the sense that for the 1st year you get a fixed rate and after that it is a fixed % over prime rate ><
Or they will vary the % over prime depending on the year etc
I was comparing HDB vs Bank loans some time back and seriously if we have to take this into consideration it makes buying a flat even more bo hua
Now, she's telling me to ditch the idea because HDB flats have become more expensive and it's 'bo hua'. According to her, it's the increase in the number of migrants who have brought the prices up.
How true is this? How is the HDB flat situation in Singapore now? -
Hmmm I thought HDB prices are still low but private property are selling like hotcakes nowOriginally posted by Rhonda:Remember I was telling you about my mom bugging me to return to SG to purchase a flat when I turn 35, so we can rent it out and get rental income?
Now, she's telling me to ditch the idea because HDB flats have become more expensive and it's 'bo hua'. According to her, it's the increase in the number of migrants who have brought the prices up.
How true is this? How is the HDB flat situation in Singapore now?
Not really followed up and my news are like a month old haha -
Credit cards should be used for the convenience and discounts!! Not for paying for something you know at the end of the month when the bill comes that you won't be able to afford.Originally posted by av98m:Can read about it all the time in the papers what.
And I know jokers who do that lor, apply one credit card from nearly every bank and somehow overspend. -
It can't be used under everyday circumstances so it doesn't really form part of disposable income..Originally posted by elindra:You know the SG gov is slowly removing that and very soon Singaporeans have to worry about their mortgage
Right now alot of them still don't understand the meaning of having to service a mortgage.
They do not have to worry about interest or even make mortgage payments coz HDB deducts automatically
Money not seen isn't money felt >< -
as i told my parents. the loans they have now the interest rates may not be that high, but there nothing stoppping the banks from increasing the rates to 1000% a day.........Originally posted by Rhonda:Sorry I got to read this so late - I don't get to read all the posts in the forums that I wanna these days cause of my limited online time.
Honestly, I don't know enough about this issue to give you an answer. I wonder if honeymouse / fymk / Gedanken might be able to throw light on the issue.
I know that the majority of folks here take out variable interest rate loans, that's why in the beginning of this year, when interest rates increased, a lot of folks were bitten hard.
I guess in a few years' time, I'll be joining them in the annual interest rates concern.