- Reaction score
- 2
- Points
- 230
Crantor said:I don't think that's what he meant. The problem with the here and now is that we (today's society and more so for today's young adults) is that we live way more than we can afford. Debt is easily racked up with the play now pay later attitude. Plus there are things we can do without. Some people pay 150$ in cable just to get sports channels, others need the latest i-phone when they have last year's model, others get a new shiny car. All of a sudden things get tough and and we can't cope. I have friends that are house poor because they made bad decisions when buying. Do you really need three coffees a day? Hoppw about cigarette smoking?
We all have a severance coming to us. How many are actually going to do something smart with that and how many are going to waste it? if the public service experience is any indication, my bet is on the people wasting it because it will be accessible money, in the right now.
Not that I can speak for my entire generation - but the lion's share of my "disposable income" goes to my Student Loan. Not that I was particularly lazy in university (Civ U, worked 30 hours a week to pay for rent, food, etc - loans paid for tuition). Things getting rough is only part of the problem; it is hitting even the frugal. I have no other debt then what was needed to obtain my job - and now I'll be keeping the debt a few more years accordingly.
I just spent a few hours with my father on the phone about our particular situations, and the ramifications: He's a MWO with 33.5years in (currently mid 50's) - Family owns a home in Calgary, he's posted to Suffield. He'll be out approx 1300 dollars a month from the changes, but by and large will be fine - Mortgage already paid off, wife that works, etc. This made the decision for him however - he'll be releasing with 35 years in and no longer as it is simply too expensive to maintain both locations. He'd make almost as good retiring completely and be in Calgary with his wife. I'm less then a year in, 2Lt in Gagetown - Wife is back in Vancouver. Wife is currently in school (University) and we live off of my salary. We rent an apartment in Vancouver. I will see a Net difference of around 1000 in pay per month.
Our situations differ in many ways - a MWO and 2Lt pay are not comparable (neither is Pte pay with 2Lt for that matter). Both the New Pte and myself are likely on prohibited postings - even if I wanted to move my wife here (her leaving school undone, etc) I'd still have to pay more in food then we'd ever spend together on just myself. As noted elsewhere - I signed on (and had the wife's blessing) with the understanding that the separation would mean she could finish school - a much more difficult task now.
Do I feel like I am being treated unfairly? Mixed opinion - I still have an amazing job with good benefits. In a few years time I reasonably expect to make a Captain's Salary, etc. Am I put out that I have no other options besides quit in dealing with the immediate present? Yes - I'm finding it hard to explain how I am going to eat 650ish dollars in rations in a month. I'm simply going to break even for a few years rather then get out of debt according to plan. The new Pte coming into the system - well, at least he doesn't have student debt on his shoulders (I hope). I really don't know how it will work for him.
Telling me that I simply need to tighten my belt rings a little hollow as I spent one month in the last 12 at home - a situation that is not even a choice due to the prohibited posting. Have no mortgage, bought no car (sold when I joined), live in a cheap place for Vancouver. Pretty sure my severance will not cover much of anything, actually. Might be best to jump off the soap box for a while.