Younger People (18-25) - Attitudes to money

SingleSue

Ahh I'll just reverse the numbers when they favour the younger figure......or I'll start knocking a few years off.

^!£$&

I agree the amount some of my friends spend every weekend on a night out is obscene!
I live with the parents but pay rent whereas some of my friends who earn way more than I do & live at home pay nothing!
Where as I'm 23 & always think before I spend, my jeans come from sainsburys & only when they have their 20% off clothes offers, I buy cds/dvds once price has gone down & I am currently saving for a deposit on a house

Gorgeous_George

SingleSue wrote: »

Ahh I'll just reverse the numbers when they favour the younger figure......or I'll start knocking a few years off.

You're only as young as you feel. Feel me and you'll be...

... older!

GG

SingleSue

Gorgeous_George wrote: »

You're only as young as you feel. Feel me and you'll be...

... older!

GG

:rotfl:

Twas the same with ex hubby.....

abby1234519

I was bad with money, I still have debt but I've paid a grand off in 1 and a half months, because I want to be out of debt so badly. I'm only 19!

Really2

byb3 wrote: »

£50 on a night out, £200 on a new XBox,

I am in my early thirtys but could easily do over £100 on a night out in my early 20's.
The young can't even get substance abuse right either.:rolleyes:

In all seriousness though it is better to get it out of your system young.
I know a few who did not and are now living a single life when they should be settled down.

ScottyBoy_2

I am 24 years old, very soon 25.

When I was 18/19 I ran up huge debts (£15k + student loan) as banks threw money at me and I had never seen so much in my life (btw I know this is not an excuse to get into debt). I was lucky I never missed any payments but I basically ended up working for the banks, but it didn't ruin my credit record.

When I was 22 a friend of mine killed himself because of his debts, this changed my life. For the past two years, I have paid off all my debts (except my student loan), completed my degree and currently have a decent job which has allowed me to build up some savings.

What angers me was at school I was quite good, I left school with good GCSEs and A levels, but no-one ever taught me about the way of the world in terms of debt and financal management.

I believe the education system lets young people down in this respect, its OK having 10-11 GCSEs and 3/4/5 A Levels but I think the education system and societies job is to help our young people (our future) become good citizens but we have let them down by setting a bad example (borrowing too much, apathy when voting etc). Also we saddle them with huge debts gained in an attempt to better their lifes by going to college and/or university! We all need teachers, doctors, lawyers etc etc etc

I can only hope that the recent downturn will make the UK re-evaluate itself and through we will be poorer in terms of wealth, I hope we will be wealthier in terms of understanding the needs of ALL [young, old etc] our fellow citizens!

Rant Over!

Really2

ScottyBoy wrote: »

What angers me was at school I was quite good, I left school with good GCSEs and A levels, but no-one ever taught me about the way of the world in terms of debt and financal management.

Too true schools have never taught life.
Get good results go to uni get in debt get a great job. The truth many gaduates find out they don't like what they chose to do and start at the bottom in another job, or just have to start at the botom full stop.(and start their working life in debt)

They should focus on skills, application, work ethic and finance.
Not only personal, I am amazed on how little people know about basic finance in business.

nickmason

SingleSue wrote: »

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

Likewise. Was absolutely convinced of the fact. Ooops.:o

IveSeenTheLight

byb3 wrote: »

I count myself very lucky in that i'm under 25 and have a decent secure job. I've just graduated from uni, become totally independent from my parents, rent privately and pay my own way in everything. However I am also a bit tight when it comes to money, and I'm quite proud of that.

When I find myself in a group of friends or other people my age, I am quite frankly amazed at what I hear. They think nothing at spending £80 on a pair of shoes, £50 on a night out, £200 on a new XBox, £75 on a new pair of jeans, £15 on a new DVD each week. I'm always referred to as the tight one! They look down at me when I say I love to shop at Aldi!

I've just started saving up a deposit for a house, a bad time to start but we all start from nothing. Please tell me i'm not alone and there are other financially responsible young people out there?

Well done.
I'm not in the 18 - 25 bracket anymore, but you are displaying a wise head on young shoulders.
This will benefit you later on in life when you become mortgage free and your friends still have a long way to go