No one wants their house to burn, and I do feel sorry for the family, but...,
the fire was started in the two storey house by an electric go-cart. Now I am making assumptions but if you can afford a two storey house in Eltham, to breed five children and afford an electric go-kart, you can probably afford home insurance in case of fire, yet they did not have such cover. Naturally a gofundme has been set up.
At my great niece's birthday weekend before last, there were quite a few families who came along and bought their lunches and for their children. From my observations, it would have cost a couple with three children north of $150, drinks included, say a jug of Coke. My two gin and tonics cost $26, and my meal $32. It is a nice venue and the service was good, but it wasn't cheap.
With a friend whose birthday it was, we had coffee and cake and the total cost was nigh on $40, just in a cafe.
I'm not crying poor but as people moan on about the cost of living, there doesn't seem much of a sign of it affecting their spending.
While I'm on about money, just over 60 years ago Australia switched from pounds, shillings and pence to dollars and cents. This clip to educate us about dollars and cents was released by the Reserve Bank of Australia.
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Why wouldn't you have insurance on your home? It boggles the mind. Here you can't have a mortgage without proof of insurance, and I'm assuming Australia has the same rules, so what happened?
ReplyDeleteI remember the decimal changeover, but had already committed too memory the old basic unit of 12 which probably helps in adding figures up in my head, or mental arithmetic which we called it at school.
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ReplyDeleteBlogger chucked me out while I was correcting my mistakes!!!
DeleteAnyway, we had to take out home insurance before we could exchange contracts on this place, although theoretically we could just not bother to renew it now it's ours. If the house burned down there is no way we could afford the rebuild costs!
Your reflections on spending and the shift from pounds to dollars are thought-provoking, it's interesting to see how perspective on money changes over time.
ReplyDeleteI so believe with the cost of living climbing (monthly it seems) that many are accruing more and more debt. On a budget site I'm on many parents were credit carding their groceries with the loss of jobs, etc. Very upsetting. Bankruptcies will rise no doubt. I found your prices astonishing but then thought of a birthday lunch I bought a friend last week and we split the meal - 1/2 sandwich, little cup of soup and coffees came to $42. I was gobsmacked. Oh and no table service and you had to put away your own dishes and pour your own coffee from a corner urn. Yikes.
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With five kids I bet there's chaos in the house. Entirely possible they had insurance and fumbled the premiums. It's not unusual for paperwork blunders in that large a family. So there's that possibility. Not having had five kids to raise, I'm reluctant to judge.
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