Younger People (18-25) - Attitudes to money

SingleSue

Think I would go into terminal shock if I spent £100 on a night out!

I find electric lights are much better to read books by.....

neverdespairgirl

janey_uk wrote: »

Sorry, but it's easy to spend £100 on a night out!

Trains and taxis = £30, Dinner £25 (pizza restaurant, nothing fancy), drinks £30 (and that's only two rounds if you're out with a couple of mates) and club entry £10. £5 spare.

Might be extravagant in some places, but pretty common in London, especially if you're single as cabs are the only safe option at night.

Still sounds pretty extravagent to me, to be honest. £25 is a lot for a not-fancy meal in central London - there are 30 places within 5 minutes' walk of here where you can have a good meal for £10, and this is central London.

neas

must admit london is excessive for a night out.

went there for a trip... Ministry of Sound etc... taxi cost 10 quid for a 1 mile journey!

Entry to Ministry and most other clubs was about 15 quid each (my wife and I went).

So lets total up the night:
Taxi to hostel (it was 0-2 degrees outside) = 10 quid
Cheap Booze at local Co-OP (Vodka +Coke bottle) = 10 quid
Cheapest Kebab = 8 quid
Entry to MOS = 30 quid
2 bottles of water = 7 quid
Taxi home = 10 quid.

so about 70-80 quid for me and the misses to drink water and go out.

Suffice to say, Im not a londoner and wont be doing that too often.. but as it was a guys 30th we were obliged to go :P. In my town you can get a cheap pizza for a fiver... taxi for 6 quid and entry for 3-4 quid on a friday/sat night... and the club is usually better than the ones in London.

Londons alright but its way too spread out to enjoy a good pub crawl.

mitchaa

neverdespairgirl wrote: »

Still sounds pretty extravagent to me, to be honest. £25 is a lot for a not-fancy meal in central London - there are 30 places within 5 minutes' walk of here where you can have a good meal for £10, and this is central London.

Seems very cheap to me, I/we go out for meals regularly, probably 4-5 times a month and ive never once had a bill under £30.

Pizzahut on sunday for me, the wife and the little 1, £37+£3 tip

I would hardly class Pizzahut as extravagant;) If we go out for a meal at the weekend, into a chinese buffet, 3 course with drinks, it can easily amount to £60-65

You cant even get a meal for £10 in Mcdonalds so no idea where you are eating your food NDG?

neverdespairgirl

mitchaa wrote: »

Seems very cheap to me, I/we go out for meals regularly, probably 4-5 times a month and ive never once had a bill under £30.

Pizzahut on sunday for me, the wife and the little 1, £37+£3 tip

I would hardly class Pizzahut as extravagant;) If we go out for a meal at the weekend, into a chinese buffet, 3 course with drinks, it can easily amount to £60-65

You cant even get a meal for £10 in Mcdonalds so no idea where you are eating your food NDG?

I class Pizza Hut as just plain nasty (and massively overpriced, at that). Only been once, thought it was rank.

You can get a meal for one at under £10 in MacDonalds, surely? Not somewhere I go either.

Wander south down here along Lambs Conduit Street and Red Lion Street and there are loads of restaurants. Some are £100 a head. Some £5 (well, that's the all-day brekkie with a cuppa). There is a great veggie place where you can get lunch for £5, as well.

mitchaa

neverdespairgirl wrote: »

I class Pizza Hut as just plain nasty (and massively overpriced, at that). Only been once, thought it was rank.

You can get a meal for one at under £10 in MacDonalds, surely? Not somewhere I go either.

Wander south down here along Lambs Conduit Street and Red Lion Street and there are loads of restaurants. Some are £100 a head. Some £5 (well, that's the all-day brekkie with a cuppa). There is a great veggie place where you can get lunch for £5, as well.

Ah for 1, you dont go out alone though NDG, or do you;) :snow_laug

Nice romantic meal for you and your partner in the west end i would imagine will cost a tad bit more than a tenner. You barristers should be leaving that each as a tip, and some say us Jocks are tight;)

neverdespairgirl

Ah, but the £30 a meal thing was per person, not per group!

There is a lovely Ottoman restaurant not far from here where OH and I go sometimes, which works out at about £25 to £30 for dinner for the two of us.

neas

indeed do people not tip in london? in plymouth I went to pizze express used tesco deals but tiped 10%.

Thought you always tipped? :P

Cleaver

There's loads of nice restaurants in central Manchester to eat for around £20 for two. Me and the missus went to a great sushi place at the weekend for a beer, three plates of sushi and a rather nice chicken udon for under £20.

Then we remembered the world was supposed to be ending and vowed to start spending money on tin hats and tinned food instead.

mustrum_ridcully

One thing I've noticed a couple of times in this thread is people saying they managed to get a house at 21/25/29... but no mention of deposit size.

Only 2 years ago an 21 year old could probably get a 100% mortgage. There were even mortgages that were 4-6x salary or 125% mortgages.

Saying you have a house means nothing, you could be thrifty or spendthrift - no way of knowing. Saying you bought a house with a 10%, 25%... 75% deposit really does mean something.

Another good indicator for thriftyness is whether you have more than 6 months mortgage/rent saved away (as Martin recommends) - I appreciate that some people are very thrifty but because they live on a very small income can't manage to squirrel away that much money.