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Lack of financial nous amongst young people

24567…13

Comments

  • MyLastFiver
    MyLastFiver Posts: 853 Forumite
    You must be a fun person to be around, then.

    Shouldn't you be off somewhere bettering yourself?
    My Debt Free Diary I owe:
    July 16 £19700 Nov 16 £18002
    Aug 16 £19519 Dec 16 £17708
    Sep 16 £18780 Jan 17 £17082
    Oct 16 £17873
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    MyLastFiver wrote: »
    You must be a fun person to be around, then.

    Shouldn't you be off somewhere bettering yourself?

    I am currently stayin in this weekend as its my mothers birthday so I would rather spend it with her and the rest of my family (although she is currently making dinner :D), as I haven't seen them in the last month.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Lokolo wrote: »

    I am 20 and know a lot about investments, savings, debts and all sorts.
    I am a LOT older than you and it all confuses me.... I know nothing of investments, savings to me have been a few quid in a building society until recently.

    I've tried to understand, but it all gets quite complex if it's an alien world.
  • Oldernotwiser
    Oldernotwiser Posts: 37,425 Forumite
    There's a great distance between knowing about investments etc, which can be seen to be quite specialised, and understanding basic information about credit and income.

    You'd be amazed how many students take out a Student Loan and don't realise that interest is added each year!
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Oldernotwiser wrote: »
    There's a great distance between knowing about investments etc, which can be seen to be quite specialised, and understanding basic information about credit and income.

    You'd be amazed how many students take out a Student Loan and don't realise that interest is added each year!
    You can get a loan? Woo hoo - I'm rich!!!
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Oldernotwiser wrote: »
    There's a great distance between knowing about investments etc, which can be seen to be quite specialised, and understanding basic information about credit and income.

    You'd be amazed how many students take out a Student Loan and don't realise that interest is added each year!

    L O L I have experienced this with my housemates.
    I am a LOT older than you and it all confuses me.... I know nothing of investments, savings to me have been a few quid in a building society until recently.

    I've tried to understand, but it all gets quite complex if it's an alien world.

    Indeed I think as I enjoy it, it has helped me to learn a bit more about it without finding things toooo difficult.

    But then again I can't tell you how to change oil in a car....
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Lokolo wrote: »

    But then again I can't tell you how to change oil in a car....
    Take it to the garage, hand over the plastic.
    Simples.
  • MyLastFiver
    MyLastFiver Posts: 853 Forumite
    Lokolo wrote: »
    I am currently stayin in this weekend as its my mothers birthday so I would rather spend it with her and the rest of my family (although she is currently making dinner :D), as I haven't seen them in the last month.

    that's... lovely.


    But it was a rhetorical question. I couldn't really give a !!!!.
    My Debt Free Diary I owe:
    July 16 £19700 Nov 16 £18002
    Aug 16 £19519 Dec 16 £17708
    Sep 16 £18780 Jan 17 £17082
    Oct 16 £17873
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    MyLastFiver wrote: »
    that's... lovely.


    But it was a rhetorical question. I couldn't really give a !!!!.
    Blimey. Bit angry. Lighten up Grandad.

    btw - what's retorical mean? lolz.
  • MyLastFiver
    MyLastFiver Posts: 853 Forumite
    mewbie wrote: »
    Blimey. Bit angry. Lighten up Grandad.

    btw - what's retorical mean? lolz.

    lol.

    Who rattled your cage?

    I'm only having a bit of fun with Tory Boy here. It's not like I'm stealing from pensioners is it? ;)

    :D:D:D
    My Debt Free Diary I owe:
    July 16 £19700 Nov 16 £18002
    Aug 16 £19519 Dec 16 £17708
    Sep 16 £18780 Jan 17 £17082
    Oct 16 £17873
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