Younger People (18-25) - Attitudes to money

SGE1

Most of my friends call my tight, but then they earn more than me, so they have more to spend.

I don't think I'm quite as tight as you though

I don't shop at Aldi, I shop at Sainsbury's, but that's not because I want to spend the extra dosh, it's because they deliver, and in increments of an hour so I don't have to sit around all day waiting for the food to arrive. And I have a good scroll through the BOGOFs when I buy online.

I spent £80 on a dress the other day, but again, it was a 20% off evening at French Connection, and I had some vouchers to spend. There's a money-saving lining to everything I do!

I think it's OK to have a tiny binge every once in a while, if you can afford it of course.

The_MoneySavingKid

Max_Headroom wrote: »

What you need to understand is that many kids grow up with their parents not wanting to be their parents but wanting to be their friends.

Little Jimmy grows up getting whatever he wants whenever he wants it as his parents buy his affection with gifts and cash, and when he grows up he can't understand that he has to save to buy, and that he can't just have whatever he wants whenever he wants it.

Or actually he can, as doting parents are happy for the apple of their eye to live at home into his thirties, spending all his disposable income (which is all of his income) on tat.

I grew up thinking my parents were very mean toward me (actually they were, but that's another story). However I also grew up knowing that the only way to have a 10 speed racer like my mates was get a job and start saving. I had a paper-round from the age of 12.

I honestly think that much of the excesses of recent years is a combination of easy credit and want it/buy it/have it now upbringing.

Nothing wrong with it,if you've worked for it and have earnt it fairly,without the use of credit obviously.
And it shouldn't apply to 18-25's,it should be 14/15-25's.
I make sure I save,get the best interest rate account etc. friends call me sad.But I don't care,their loss not mine.

setmefree2

Guy_Montag wrote: »

That's my thought - sooner or later people will twig that you can't turn up at an estate agent & virtually buy a house then & there.

It's going to take at least 10% deposits from now on in.

In the 80's we bought properties with 5% deposit. I think you only need large deposits in a falling market IMHO.

Gorgeous_George

lostinrates wrote: »

I'm 29, but I was younger, er, a few years ago

Me too!

I hope to be younger again one day.

GG

MrDT

byb3 wrote: »

Please tell me i'm not alone and there are other financially responsible young people out there?

You're not alone and there are other financially responsible young people out there

SingleSue

SGE1 wrote: »

Most of my friends call my tight, but then they earn more than me, so they have more to spend.

I don't think I'm quite as tight as you though

I don't shop at Aldi, I shop at Sainsbury's, but that's not because I want to spend the extra dosh, it's because they deliver, and in increments of an hour so I don't have to sit around all day waiting for the food to arrive. And I have a good scroll through the BOGOFs when I buy online.

I spent £80 on a dress the other day, but again, it was a 20% off evening at French Connection, and I had some vouchers to spend. There's a money-saving lining to everything I do!

I think it's OK to have a tiny binge every once in a while, if you can afford it of course.

I am so embarrassed...I thought you was male!

SingleSue

Gorgeous_George wrote: »

Me too!

I hope to be younger again one day.

GG

I'm going to start reversing the numbers soon......just think in 16 months I can be 04 again!:rotfl:

SGE1

SingleSue wrote: »

I am so embarrassed...I thought you was male!

I should have picked a more girly username!

MrDT

SingleSue wrote: »

I'm going to start reversing the numbers soon......just think in 16 months I can be 04 again!:rotfl:

But in a decade you'll be 94! :eek:

mcspanna

lostinrates wrote: »

I'm 29, but I was younger, er, a few years ago

Me too!

You're not alone and you're definitely doing the right thing! I was 27 when I became a FTB (with OH) and despite only one of use working at the moment, we still save around 25% of our joint income. Not easy, not always fun but overall a much better quality of life (if only in terms of sanity) than some of the people we know of a similar age to us who are slowly falling to bits due to increasing debt trying to sustain lavish lifestyles in the current economic climate.

Your friends will think you are crazy (ours do!) but personally I think now is probably a very good time to be saving for a house deposit (rather than actually buying right now!)

I've finally accepted the fact that although my parents were the worst in the world (IMHO at the time) I will do exactly the same if I have children myself someday!!! :rotfl: