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Monday, May 30, 2011

The Cost of Life

Posted on Mon, May 30, 2011 at 12:48 PM

I hate money. There is so much stress involved with it. Lacking it makes life difficult. The more you make the more you owe. The government rips you off with high taxes then gives all the breaks to only the big earners. It breaks up relationships, it creates emotional and physical ailments. There is never enough.

I was listening to a show on the radio a couple of weeks back. They were talking about how young people should start saving for their retirement because by the time they get old the Canada Pension plan will not exist. If this is the case, why do we pay into it?

The biggest question I have is with the cost of living (rent/mortgage, food, power, entertainment, car loan, insurance, education loan, line of credit... the list goes on) when you are working your ass off at a job which does not pay you half as much as you deserve. How is it possible to find the money to save for the future?

In school I never had the opportunity to learn about the "costs" of life as it was never offered. My parents never subjected that sort of stress on me when I was a child (and why would they? I wouldn't have understood it and that's not something a kid should have to deal with). No one told me it would be this hard. Please tell me I am not alone? What is the "right amount" of debt to be in as a young person between the ages of 18-25? Thoughts? —Monetarily Exhausted

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