Borrowing power living expenses

Discussion in 'Investment Strategy' started by Matt87, 30th Mar, 2018.

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  1. R7J9

    R7J9 Member

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    One trick you could do is pull out enough cash from the bank to offset the living expenses at least to the minimum amount for the following six months.

    I'm about to pull out enough cash to pay for every second fuel trip, and any purchases outside grocery shopping. I think the current process is way too invasive.

    I reckon I need to make up $200 per month, but my grocery shopping was a little high anyway.
     
  2. Beano

    Beano Well-Known Member

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    Was your power bill in credit every month :p and you treated as income
     
  3. Beano

    Beano Well-Known Member

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    And eat at your parents home , take your washing there , wear your parents and siblings hand me down , wash at the gym :p
     
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  4. R7J9

    R7J9 Member

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    You need to spend some money to at least make it look like you're legit.
    I told my mum that I've been eating wheat bix and pasta for the last month and she got mad at me haha
     
  5. Clean Cookie

    Clean Cookie Well-Known Member

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    I did this on our loan application. I made around $4500 profit/pa tax free (after usage and fees) Best investment to date! Pays all our rates and water expenses.
     
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  6. Beano

    Beano Well-Known Member

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    Did they say "hey cookie, you put the power as income instead of a expenses [the bank] No mate I supply the national grid [cookie] " :p