Younger People (18-25) - Attitudes to money

neverdespairgirl

SingleSue wrote: »

:rotfl:

Twas the same with ex hubby.....

t'other way about for me. I'm not 31, but 30, thanks to OH (-:

runs in both our families - our mothers were both born 2 years before their respective husbands.

neverdespairgirl

Really2 wrote: »

Too true schools have never taught life.

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.

Depends on the school - mine did compulsary courses on finance (compound interest, debt, mortgages, credit cards, budgeting) and focused a lot on career choices and making sure we did want to do the courses at uni we were thinking of.

neverdespairgirl

Cleaver wrote: »

Living frugally is very sensible, as is shopping at Aldi. But if you're not buying rounds, skipping nights out to work out a better deal on car insurance and not spending stupid amounts of money trying to get women in to bed then you're tight.

It's a matter of balance, surely.

If you earn enough to afford it, there is absolutely nothing wrong with buying a nice car / going on holiday a lot / renting a nice flat / going out in the evenings / buying expensive clothes / whatever you like.

The problem is when you try to do all of those things, living the champagne lifestyle on a beer income.

ianian99

neverdespairgirl wrote: »

Depends on the school - mine did compulsary courses on finance (compound interest, debt, mortgages, credit cards, budgeting) and focused a lot on career choices and making sure we did want to do the courses at uni we were thinking of.

Can I ask if you went private school or state school

IT_nerd

I have a slightly bitter relationship with my money.
I want to spend it really, since it wont be worth as much next year anyway.

neverdespairgirl

ianian99 wrote: »

Can I ask if you went private school or state school

Private girls' schools from 4 to 18.

harryhound

neverdespairgirl wrote: »

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

Bit of a problem dealing with the parasites though and hoping that the teeth would last a life time..

People in town were a lot worse off health wise. Until the civil engineers got to work with clean water and sanitation London had a negative rate of population growth.
In other words it depended on pulling in an annual crop of !!!!!! Whittingtons to replace the inhabitants who had become victims to disease.

neas

Since getting married and getting focused on buying a house with my wife... i've become moer save savvy.

What I've changed:

1. I now check before throwing things out if they will sell for 5 quid+ on ebay... often than not they make more than that, i make sure i efficently sell things I dont need. I.e we ugpraded to O2 broadband... so we didnt need the modem and the router we had... sold them together for 50 quid!
2. I make things last.... I dont get a new pair of shoes every week, I now get my wife to cut my hair (im sure i'll be bald soon anyways :P)
3. I signed up for cashback sites (not into daily clicks as i have a job to do etc... but big ones like amex, hsbc cards o2 cashback, skype and tesco orders I now complete with cashback
4. I've taken up using money of coupons for shopping... if anything this has allowed us to increase our spend and actually get better stuff for our flat at the moment.
5. I've conciously worked a couple hours overtime here and there.
6. I setup standing orders to save X amount per month towards my deposit.. no matter what they money always goes out... and also any money spare from the previous month goes towards savings too. (We currently saving for a Citroen C1 2006 model around 3.5-4k when we get it - Wifes car is dying lol)


Things I haven't changed:

1. My wife has slowed her spending and wasn't a credit card 'freak' either... but I dont force her to save her salary just half of the house deposit saving per month. She is generally quite good and shops primark or new look with bargains.
2. We still go out for drinks out or nights out sometimes... we dont go out every week but once every 2-3 weeks is good enough to maintain some life. To counteract this we visit friends at their hoems for chats, cup of teas etc.

I'm 25 and Wife is 28. So I am at the top of your spectrum but both wife and I are from 'saving' type backgrounds... wife is polish and has had to deal with a 10 year recession before oO... and my family only recently got a debit card!

I also wasn't allowed the biggest things... sometimes I might get it if i was lucky at xmas... but certainly when i was younger I felt hard done by because other kids got everything... however now I see it has made me financially better off... as I realise I don't need all the tat people by.

Generali

neverdespairgirl wrote: »

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 (-:

Mrs Generali (12 years as a nanny, 3 years a mother) tries to avoid saying, "No" to the Generalissimos. She does this by thinking about the situation first.

For example, whereas I might say, "Want do you fancy for dinner", getting the answer, "How 'bout crisps. And Chocolate." and so having to say no.

Mrs Generali will say, "Do you want stir fry or pasta for dinner"?

Also, rather than saying no she'll twist the conversation around. It seems to work.

skap7309

OK bit of input here, i know what the OP is saying. Im 26 (so only 6 months out!) and even my own brother calls me tight sometimes. To me though it is economising and cutting back. He is the type who has take aways 3 times a week, goes out 4 nights a week etc. BTW he has a good job but never has any money.

Now do not get me wrong when i was younger i did the whole big loan thing but the difference was i paid a 5 year loan off in 1 year. I learnt alot from the experience so glad i got it out of the way. Currently do not even own a credit card, no overdraft and over £40k in savings through my own hard work over the last two years. I am lucky enough to have a full time job (very unlikely to suffer from the recession) and my own successful part time business that could more than support me if the worst happened.

I think alot of it stems from childhood. My parents struggled, not hugely, but enough to notice. I had to pay for anything i wanted from quite an early age. If they had showered me with gifts i am sure i would have a very different outlook to money.