Younger People (18-25) - Attitudes to money

TEXX9000

<P><IMG alt=0 src="http://images.moneysavingexpert.com/images/forum_images/smilies/sport-smiley-001.gif&quot; border=0 smilieid="15"> 

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.</P>
<P> </P>
<P>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! </P>
<P> </P>
<P>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?

</P>
<P> </P>

piggeh

I often see people spending money on new stuff, or spending a lot on major purchases. It could be two things though - a)they are thrifty on everything else, make their own sandwiches, make cheap meals etc, so they have the money left over to treat themselves b)they use their credit and will find themselves in trouble one day.

It's difficult to restrict myself as I'm always wanting a new TV or whatnot. TBH I could probably afford it if I made my own lunch and used my money more wisely during the month. When you work out where your money goes its quite easy to see how its possible to afford nice gear without being in debt or on a big salary. For those that are able to be sensible the rest of the month so they have the money for bigger purchases, I say congratulations.

Cleaver

piggeh wrote: »

I often see people spending money on new stuff, or spending a lot on major purchases. It could be two things though - a)they are thrifty on everything else, make their own sandwiches, make cheap meals etc, so they have the money left over to treat themselves b)they use their credit and will find themselves in trouble one day.

There is a third possibility: they have enough money to buy the stuff they're buying.

TEXX9000

Keep that way of thinking you wont do to bad ,if you spend £1.01 and earn a £1.00 you will get in a mess ,if you spend 99p you will be ok all your life .I wish you well .Trev

jamtart6

piggeh - yep each to their own!

neverdespairgirl

Max_Headroom wrote: »

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 was lucky enough to grow up with wealthy, generous parents, but it was never a question of getting whatever we wanted, when we wanted it.

So, for example, if we wanted to (say) do swimming lessons, or learn to play the violin, that was fine, but we had to give it a decent shot - do at least a term of it.

And we didn't get that much "stuff" - my parents were happier to let us learn / experience / do things rather than just accumulate stuff.

ianian99

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?

your mates will all probably be over on the bankruptcy board soon enough getting advice on how to basically get rid of their debt.

neverdespairgirl

lynzpower wrote: »

I was thinking about this arlier today, what it must be like for those parents who have unfortunately made a rod for thier wn back now the word NO is going to have to be spoken.

I don't mind saying "no" sometimes.

I hadn't realised that children (try) to manipulate their own way so young. Last weekend, we were abotu to have dinner, and Isaac asked, "Abba, Isaac want a watch DVD now." OH said no, we didn't have the TV on during mealtimes, and Isaac has another go, "Mummy want a watch a DVD. Mummy like DVD." Still didn't work, but nice try (-:

neverdespairgirl

amcluesent wrote: »

We could all end of living in hedges and eating grubs as that was the norm of peasants throughout the Dark Ages. NB please see my other thread about cancelling Xmas.

Generally speaking, people had a very healthy, organic, fresh diet during the Dark Ages.

neverdespairgirl

SingleSue wrote: »

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

Just because the poster is buying a dress, you assume it's a woman?

Dear me, how narrow-minded (-: