Home › Forums › Miscellany › Community › Is $500 a lot of money?
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July 26, 2008 at 2:32 pm #725097Jennifer wrote:The Castle [Dave wrote:
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So. To get to the point. Yes, $500 is a lot of money to most of us. I know that whenever I have $500 in my hand, which I do fairly often because I have a retail store, I look at it and wish I could just put it in my pocket as spending money. Instead I look at it and think: “I better hurry up and get that in the bank before I bounce a check.”Yes. This.
Exactly this!
tdm
July 26, 2008 at 3:27 pm #725098twindragonsmum wrote:Jennifer wrote:The Castle [Dave wrote:“]
So. To get to the point. Yes, $500 is a lot of money to most of us. I know that whenever I have $500 in my hand, which I do fairly often because I have a retail store, I look at it and wish I could just put it in my pocket as spending money. Instead I look at it and think: “I better hurry up and get that in the bank before I bounce a check.”Yes. This.
Exactly this!
Weekly routine here….
July 26, 2008 at 3:58 pm #725099ruffian wrote:I dont think it depends on what you are spending it on, I think it depends on what your living situation is. Where I live $500 will not even rent you a room in someones house, a 2 bedroom apartment is $2000, and the average family house is $630,000 so $500 here is what I make a week roughly, so not a lot really. It is the way things are here, if you live in a place that you can buy a house for 30,000 then yes $500 would be alot.
Yes– but- what are the average wages where you are?
I currently live in an economically depressed area. Now, I know that we are all economically depressed, but the area is such that more business are moving away than moving in. Getting a job here is very, very hard and you can only expect to make minimum wage. Even skilled, educated professionals with 5+ years of experience can only expect to make around $8-10/hr if that. So while there are houses around here for sale for $200k… the average gross income is $15-28k.
I have noticed that sometimes… not always, but sometimes, if the cost of living in an area is much higher, then average wages tend to be a bit higher as well. So in the end it all evens out pretty much. To most people around here, a $200k house is just as expensive as a $800k house is to someone in CA.
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My art: featherdust.comJuly 26, 2008 at 10:57 pm #725100Yes the average wage here is higher, that is what I meant by my post, each of my cheques are almost 3 times that so 500 to me isnt really that much money. I make $18 an hour to do night audit at a hotel. My friend Matt is a journyman welder and he is at about $50 an hour, his BIL is a labourer, training in masonry and he makes $28, MacDonalds starts at $15 I think.
But I also remember when I was making $7.50 and my $700 mortgage was an impossibly high amount for me to come up with every month.
July 27, 2008 at 12:15 am #725101ruffian wrote:Yes the average wage here is higher, that is what I meant by my post, each of my cheques are almost 3 times that so 500 to me isnt really that much money. I make $18 an hour to do night audit at a hotel. My friend Matt is a journyman welder and he is at about $50 an hour, his BIL is a labourer, training in masonry and he makes $28, MacDonalds starts at $15 I think.
But I also remember when I was making $7.50 and my $700 mortgage was an impossibly high amount for me to come up with every month.
And apparently engineering students at Fort Mac make $22/hr. 😆
July 27, 2008 at 12:17 am #725102hmm McDonald’s here starts at $5.75/ hr…
that won’t even get you gas to go there… and they don’t let you work more than 27 hrs a week because at 28 hrs you’re considered full time and you’d be entitled to benefits…
July 27, 2008 at 5:16 am #725103Dragon87 wrote:ruffian wrote:Yes the average wage here is higher, that is what I meant by my post, each of my cheques are almost 3 times that so 500 to me isnt really that much money. I make $18 an hour to do night audit at a hotel. My friend Matt is a journyman welder and he is at about $50 an hour, his BIL is a labourer, training in masonry and he makes $28, MacDonalds starts at $15 I think.
But I also remember when I was making $7.50 and my $700 mortgage was an impossibly high amount for me to come up with every month.
And apparently engineering students at Fort Mac make $22/hr. 😆
I would look elsewhere because my cousins husband was offered 70,000 a year, plus a moving allowance, and a deposit on a house and if he stayed for 3 years he got 65,000 as a retention bonus, and he was an engineering student, at least he hadnt finished yet, he was almost done though.
July 27, 2008 at 5:28 am #725104I believe people spend their time and their money on what they value. Everyone lives within a system, unless they have so much they don’t know how much they have, like Bill Gates, but most of us don’t fall into that category. So, most of us choose what and how we spend our time and money on, based on what we value. Some of us buy better food, or cars, or housing, or travel or go to school, or support relatives or buy Windstones or horses or trailers or dogs or whatever. Then we have to live in less expensive housing, or drive less expensive cars, eat out less often, not support horses, dogs, relatives, not go to school, travel, buy Windstones, eat beans, etc. Some of us can say, I will eat beans and live cheap now so I can go to school or training and get a better job or position myself so I can live better in the future or invest in my future in some way because in doing so, I am valuing what I am doing now for my future. So when we look at the way someone else spends money and think oh, that is an expensive way to spend $500, I would never spend that much on —, we are looking at it through our value system, not theirs. I would never think of spending $500 on a dog, but my office partner raises showdogs, Borsoi’s, and he thinks nothing of spending a lot more than that on his dogs! That’s his values, not mine! He looks at my Windstones and says he would sell the whole collection! His values, not mine! So $500 is just $500, it represents our value system and what we do with it. Same thing with time. We spend our time on what we value, regardless of what we say! Yes?
July 27, 2008 at 6:13 am #725105drgnlvr wrote:I believe people spend their time and their money on what they value. Everyone lives within a system, unless they have so much they don’t know how much they have, like Bill Gates, but most of us don’t fall into that category. So, most of us choose what and how we spend our time and money on, based on what we value. Some of us buy better food, or cars, or housing, or travel or go to school, or support relatives or buy Windstones or horses or trailers or dogs or whatever. Then we have to live in less expensive housing, or drive less expensive cars, eat out less often, not support horses, dogs, relatives, not go to school, travel, buy Windstones, eat beans, etc. Some of us can say, I will eat beans and live cheap now so I can go to school or training and get a better job or position myself so I can live better in the future or invest in my future in some way because in doing so, I am valuing what I am doing now for my future. So when we look at the way someone else spends money and think oh, that is an expensive way to spend $500, I would never spend that much on —, we are looking at it through our value system, not theirs. I would never think of spending $500 on a dog, but my office partner raises showdogs, Borsoi’s, and he thinks nothing of spending a lot more than that on his dogs! That’s his values, not mine! He looks at my Windstones and says he would sell the whole collection! His values, not mine! So $500 is just $500, it represents our value system and what we do with it. Same thing with time. We spend our time on what we value, regardless of what we say! Yes?
Very well said.
July 27, 2008 at 7:42 am #725106*nods* agreed:-)
July 27, 2008 at 6:14 pm #725107ruffian wrote:Dragon87 wrote:ruffian wrote:Yes the average wage here is higher, that is what I meant by my post, each of my cheques are almost 3 times that so 500 to me isnt really that much money. I make $18 an hour to do night audit at a hotel. My friend Matt is a journyman welder and he is at about $50 an hour, his BIL is a labourer, training in masonry and he makes $28, MacDonalds starts at $15 I think.
But I also remember when I was making $7.50 and my $700 mortgage was an impossibly high amount for me to come up with every month.
And apparently engineering students at Fort Mac make $22/hr. 😆
I would look elsewhere because my cousins husband was offered 70,000 a year, plus a moving allowance, and a deposit on a house and if he stayed for 3 years he got 65,000 as a retention bonus, and he was an engineering student, at least he hadnt finished yet, he was almost done though.
He gets free flights and room and board, and it’s only for the summer… He’s doing a Co-op in Grande Prairie in the fall for Weyerhauser. At least I think it’s Weyerhauser… there’s two logging companies there…
He has no plans to move to Fort Mac just yet.
July 28, 2008 at 5:17 am #725108I would say $500 is a lot of money. How much of a lot of money depends on what you’re looking at that costs $500, though.
$500 would be a lot to pay for a regular Poad, and I think it’s safe to say no one would spend that. But it’s justifiable to spend that much (actually a bit more) on an OOAK Riser. $500 for a horse trailer is an excellent deal.
And then there are things that are obviously way overpriced at $500 and people buy them anyway. I bought an LED back light assembly for my motorcycle for about $550. It’s a simple cast piece of metal and probably cost $25 to make. But people will pay that much for that little because it’s an addiction. And I’m sure we all understand that term on here… 😉July 28, 2008 at 6:13 am #725109Dragon87 wrote:ruffian wrote:Dragon87 wrote:ruffian wrote:Yes the average wage here is higher, that is what I meant by my post, each of my cheques are almost 3 times that so 500 to me isnt really that much money. I make $18 an hour to do night audit at a hotel. My friend Matt is a journyman welder and he is at about $50 an hour, his BIL is a labourer, training in masonry and he makes $28, MacDonalds starts at $15 I think.
But I also remember when I was making $7.50 and my $700 mortgage was an impossibly high amount for me to come up with every month.
And apparently engineering students at Fort Mac make $22/hr. 😆
I would look elsewhere because my cousins husband was offered 70,000 a year, plus a moving allowance, and a deposit on a house and if he stayed for 3 years he got 65,000 as a retention bonus, and he was an engineering student, at least he hadnt finished yet, he was almost done though.
He gets free flights and room and board, and it’s only for the summer… He’s doing a Co-op in Grande Prairie in the fall for Weyerhauser. At least I think it’s Weyerhauser… there’s two logging companies there…
He has no plans to move to Fort Mac just yet.
Only certain people can seem to live here, most people seem to be able to take GP, dont know why though the thought of going there makes me want to puke, but I love Fort Mac, I guess I just spent to much time in GP.
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