Posted by alexandra_k on September 25, 2018, at 20:02:59
In reply to Re: partlycloudy » alexandra_k, posted by Clearskies on September 25, 2018, at 14:56:39
I'm sorry, I didn't mean to get you reminiscing on finances.
I'll have to look into things more, in the very near future, I've realised. Make sure I get and keep things in order.
I need to start saving for college haha. If I get into Med I'll need to start saving for specialist training private college applications... And I'm not sure how fees go... I expect I'll need to establish a line of credit...
I haven't been allowed to establish a line of credit up until now. I know that as soon as you get credit then Work and Income here will not pay you (or whatever) and the security guards will block you for entering the building (or whatever) for 2 weeks or whatever... They will basically make you max out your line of credit and make sure you get into arrers on payments. It's a way of really entrenching the poverty on our 'most vulnerable', you see. Making sure they will be blocked from having a line of credit for the next 7 years...
I've seen the potential for that (and seen it happen for others) so I never took out a line of credit. Even the overdraft facility that my bank offered me where I pay no interest up to $1,000. Even overdraft facilities that charge no interest if you pay the monthly bill...
And I've come to see that you need to make good use of credit facility (actually use the overdraft and pay it off) to establish that you have the cognitive capacity to do that.
Only... You need a regular / reliable source of income to do that and that is what I didn't have.
So...
I think maybe it's safe for me to do that, now. So I can actually set up the savings account and not touch that in a way that is meaningful. Hell, when you've got enough in it you can transfer it to a longer term investment fund and actually physically not be able to access it (or not be able to access it without penalty or whatever).
Things to look into over the summer, I guess. Get finances more in order so if I get more money I'll know what to do with it.
I guess that was the main point of the scholarship thing that they offered. Best case they were inviting people to think about financial matters. Worst case they were data collecting the attitudes the applicants had towards money. Some applicants might have had good philanthropic ideas. Maybe I'd say that I wanted to put it in a college savings fund. They might have got a kick out of that. Perhaps...
Or perhaps they were mostly NZ GP people (where that is often considered the back-stop for when you are tired of being a junior doc but you haven't been accepted to any of the Australian specialist training colleges).
THey might not want to hear that. Who knows.
I suspect what they didn't want to hear was what I would have said (had I been eligable to apply). Spending it on... I can't remember what you call them. Consumables. I wanted a decent bicycle and a decent barbell and... But, of course, they wouldn't have understood any of that.
Once I've got my restricted I will need to see about upgrading my motorcycle. It's only 225cc and while it will do open road speeds it takes a bit of time to get there. It's not quite a scooter on the motorway... But it's a bit like an old mini-cooper and I'm not really able to pass those trucks going 80k or sometimes only 60k uphill even though I'm capable of going faster...
I expect I'll have to pay that off. Which means I'll need some kind of overdraft facility as a backstop incase something happens. And when I've got some kind of overdraft facility I'll figure how to move money from it into my savings - and then back again - to establish the line of credit.
All the things you're locked out of when you won't do rubbish work for people who think it is rubbish!
What a wonderful world. Sigh.
poster:alexandra_k
thread:1101046
URL: http://www.dr-bob.org/babble/social/20180816/msgs/1101069.html