bank, money, house, holiday all make me a little bit worry.........

tara747

bendix, well said. Post of the month imho.

4Chickens

Bensix

I completely agree. Unfortunately I have been complicit in the overindulgence. However, if me and my hubby can hang on it for the next six months we will be debt free and believe me, we a chucking every spare penny at our debt. In the future I am not going to borrow money. I will save for the big purchases and only buy what I can afford. I feel that if we don't change our attitudes to borrowing money now, then future generations are going to repeat the same mistakes

Pennywise

lily76 wrote: »

its a pity that i didn't show any interest in economic subjects when i was in uni

Doesn't really matter. All the economic theorists and other experts have been proved wrong time and time again. I doubt whether anyone with a degree in economics has any better chance of forecasting the future than the average Joe the plumber.

bendix

Pennywise wrote: »

Doesn't really matter. All the economic theorists and other experts have been proved wrong time and time again. I doubt whether anyone with a degree in economics has any better chance of forecasting the future than the average Joe the plumber.

Perhaps, but there is one piece of economic wisdom which should seem self-evident but, sadly, hasnt been applied recently.

If you can't afford it, you can't have it.

Life is pretty simple really when you don't overcomplicate it.

Pobby

cindiedunkley wrote: »

Bensix

I completely agree. Unfortunately I have been complicit in the overindulgence. However, if me and my hubby can hang on it for the next six months we will be debt free and believe me, we a chucking every spare penny at our debt. In the future I am not going to borrow money. I will save for the big purchases and only buy what I can afford. I feel that if we don't change our attitudes to borrowing money now, then future generations are going to repeat the same mistakes

Good move. Don`t be like me though, start really getting into savings and then hate spending anything!

lily76

sorry for my mistake. what I meant is one third less ........ that is compared with the rate when one pound means 1.42 euros..

lily76

bendix wrote: »

Perhaps, but there is one piece of economic wisdom which should seem self-evident but, sadly, hasnt been applied recently.

If you can't afford it, you can't have it.

Life is pretty simple really when you don't overcomplicate it.

well, things you've mentioned are right but they are N/A on me. I never borrow for things I can not afford. I have never been into debt and ever since I got a credit card I pay off it totally before the date when interest will occur. A credit card statement is the easiest way for you to take a record of how and where you've spent your money, which is the main reason I use it. I have only one credit card and never paid a penny on interest. Barclays once reduced my annual interest rate to 7.9 on my credit card:rotfl: but I just wouldn't spend beyond my ability to repay.

And reducing interest rate and printing more money are actually good for people who are in debt but upsetting for savers. By doing so, savers with no property actually pay the major part of the cost and people with several properties get benefit. Of course this is the idea of a person who never knows anything about economy so tolerance is much appreciated.

mr.broderick

SingleSue wrote: »

I would love to be able to go on holiday this year! I don't ask for much, just a wee holiday in the UK in a caravan.....I've never been one for erotic holidays.[/quote]

I know you've been dating this new guy put please keep the hormones under control sue..

lily76

SingleSue wrote: »

I would love to be able to go on holiday this year! I don't ask for much, just a wee holiday in the UK in a caravan.....I've never been one for exotic holidays.

You definitely will! :beer: I am not keen on holiday myself cus I am afraid of flying. I take some one week long city breaks or travelling from city to city for my future children cus kids need to know different culture and people, however as a parent I can not take them to a place where I myslef know nothing about.