daughters!!!

Olderbutnotwiser

Hi,
I have 3 daughters:eek: and you ask how they are with moneysaving, well the eldest did nothing but moan if I tried to slip in an own brand cereal or bottle of coke. However three years of Uni turned her into the 'value range' queen:p She has learnt to think of the value of things.
Since graduating she has not had a 'proper job' so I charge nothing and the placements she gets just seem to cover her costs.
Going back a few years my mother charged me a third of my income for my keep. However when I got married she handed me the post office savings book with all the money in to help furnish the house bless her:D

beecher

taxi73 wrote: »

I only take £150 p/m off my daughter...this covers her food, washing etc....she buys her own toiletries,pays her own mobile bill and buys her own clothes.This leaves her about £800 p/m after paying me.I wouldn't dream of asking her for anymore.

She's in for a shock when she leaves your house then! I think the idea of working out how much rent/mortgage, utilities, food and council tax would be and then setting up a savings account is a great one. It is doing young people no favours to make them think that they'll have 80% of their wage left as pocket money when they go out into the real world.

glodh1973

Hi everyone ,

First i would like too say thankyou all for your comments and points of views

Well i sat down and asked her why she is so against the new changes and she said she is not so against them she just does not understand why they all hve too come in at once... so i pointed out well all the bills have gone up all at once and basically like a lot of others in the uk at moment we are struggling. she has agreed too stop moaning about it and too try given it a go. so hopefully less stress for now.

what i am going too do on top of this is next sunday when things are due too be reduced at asda take her with me and give her £20 of the shopping budget and give her some ideas of what we need ...i am then going too let her go around asda and get those things i am going too have £20 and im going to get what bargains there is and then when we get home will show her how much u can get for £20 if you just take that bit more time looking out for the bargains than just rushing..

you watch though next sunday there will be nothing there lol


also going too suggest the idea of her saving half of what she has left each month
glo

Pollycat

beecher wrote: »

It is doing young people no favours to make them think that they'll have 80% of their wage left as pocket money when they go out into the real world.

I agree, it'll be 'Bank of Mum & Dad' to the rescue, I guess.

mmy

Cinny91, you are a great example, and I certainly didn't mean that ALL young people were materialistic, although re-reading my post i can see why you thought that. I suppose that a lot of the younger people I know and work with seem to want things rather than to do things, and this concerns me. I know I was brought up quite frugally [so MSE lifestyle is not that new!!] and also with the saying 'Aspire not to have more, but to be more'. Not something my DD has bought into 100%!!!
The shopping thing is a good idea. As she has a part-time job in a supermarket, she could do it after work!! Once she passes her probationary period she will get a staff discount, which could also be her contribution - and might allow for the occasional treat from 'my boring shopping trolley'[guess whose description that is??!!]

mmy

Cinny91, you are a great example, and I certainly didn't mean that ALL young people were materialistic, although re-reading my post i can see why you thought that. I suppose that a lot of the younger people I know and work with seem to want things rather than to do things, and this concerns me. I know I was brought up quite frugally [so MSE lifestyle is not that new!!] and also with the saying 'Aspire not to have more, but to be more'. Not something my DD has bought into 100%!!!
The shopping thing is a good idea. As she has a part-time job in a supermarket, she could do it after work!! Once she passes her probationary period she will get a staff discount, which could also be her contribution - and might allow for the occasional treat from 'my boring shopping trolley'[guess whose description that is??!!]:o

Caroline73_2

I intend to charge my children a third of their wages when they start working, I will endeavour to secretly save as much of that for them.

I will also encourage them to save a third of their wages for a deposit on a house or a sensible car.

Hopefully when either of my boys then go to buy a home I can give them their 'rent' back to fund their future, but I will have taught them the value of saving.

My brother lived at home and my mum never charged him anything. I went to Uni and got £400 a month bursary - this paid for everything, I never got anything from my parents - I got a part time job to pay for a car, holidays and other luxuries. I am far better with money than my brother now, even my mum and brother recognise that he was spoilt.

KME91

When I started working I paid a bit towards the household. I moved out so did learn a fair bit about the value of things, and when i moved back home in an effort to clear my debts my parents were very generous in setting my rent quite low, to help me out. saying that i buy all my own food, toilettries etc. i don't use the phone, i use my mobile (free minutes) i do use their broadband, light heat gas etc though.

i have to say though that the biggest thing i struggle with at the moment, with four of us living here, is keeping up with my washing. i work long hours, and every night when i get home there's always someone having got to the washing machine first. grrrr it's not a problem in the summer when washing can go on the line outside but in the winter there's so little room in this house to air clothes, and no tumble dryer, everyone always has a pile of washing to get done so i end up taking my washing to the OH's house to do!

in one flat i used to live in the washing machine and tumble dryer were on a coin meter, 50p did 2 washes and 1 dry, it was brilliant. i used to keep a stack of 50p's on the mantlepiece, and if i'd done all my washing on sunday i'd treat myself with what was left lol.

Paulgonnabedebtfree

glodh1973 wrote: »

ok here goes i hope im in right place but need some advice im copying all the wonderful tips over these boards too try change my lifestyle so that i can start paying my debts off but my daughter who is 18 is now saying that if im buying and saving money she should reduce her board she has done nothing but complain about how im freezing yoghurts and they are coming out watery etc and because i have got rid of tumble drier because between both of my daughters it is on practically all of the weekend so i have got clothes horses and they will have too deal with it..

anyway how has your teenagers reacted they are not going without anything it is just a case of changing how things are done so nothing is wasted

eldest daughter is even moaning because im paying 5p on a sunday for a loaf of warburtons instead of £1.25 then i freeze them

thanks any advice would be helpful and sorry if im in wrong place

glo

Sounds like they need reminding of who fed and watered them for the first 16+ years of their life.
Easy for me to say as I'm not you but I think I would just say "Tough !!"

Paulgonnabedebtfree

Pollycat wrote: »

Hi glo
Does your daughter work?
How much board does she pay?

I'm in total agreement with everybody else on here, if she doesn't like how you run the household then she should look for accommodation elsewhere.
For heaven's sake - what on earth is wrong with buying bread when it's reduced and popping it in the freezer?
I'd rather buy a loaf of decent bread that's been reduced than buy cheap bread fresh (if that makes sense).

Actually, from what you've said she sounds VERY self-centred, but maybe she's not really like that.
I would hope that when you sit her down and explain 'the facts of life', she understands where you're coming from.

If she can't (or won't) understand money saving now, she'll be posting on this board herself in a few years when she's got herself into debt.

Too right. I haven't paid full price for bread or milk in ages. Even many of my eggs are reduced. I bought a dozen 2 litre bottles of milk in December for 50p each and froze them. I managed to get a couple more the other day for £1. Woe is me. I'm down to my last four litres - but I've got loads of bread left. My biggest problem is forgetting to unfreeze it when I need it.

Teenagers lack empthy usually. It's a great misfortune that life experience can only be gained by living (and usually by making loads of mistakes).