so thats why that halifax article was on here

welshmoneylover

Martin, instead of advising people to ditch and switch why don't you offer the most basic financial advice and that is not to go overdrawn - ever, and simply live within your means?

What you can't afford.. you can't have. My father drummed that into me many years ago, and he got him from his father (and he was a tight wad!)

I'm 40+ and I've never in my life gone overdrawn and have managed to build up considerable savings as I haven't wasted ££££s in bank charges or late payment fees.

Just wondering that's all...?

PS, you made me laugh when you *answered* the price of stamps questions! The look on your face when you rubbed your hands down your cheeks was quite entertaining and well worth the BBC licence fee, now that is something to be said there! :rotfl:

Inactive

welshmoneylover wrote: »

Martin, instead of advising people to ditch and switch why don't you offer the most basic financial advice and that is not to go overdrawn - ever, and simply live within your means?

What you can't afford.. you can't have. My father drummed that into me many years ago, and he got him from his father (and he was a tight wad!)

Agreed, if everybody followed that basic advice, nobody would be in this mess in the first place.

It seems to me that this should be taught in schools.;)

fozzeh

welshmoneylover wrote: »

Martin, instead of advising people to ditch and switch why don't you offer the most basic financial advice and that is not to go overdrawn - ever, and simply live within your means?

What you can't afford.. you can't have. My father drummed that into me many years ago, and he got him from his father (and he was a tight wad!)

I'm 40+ and I've never in my life gone overdrawn and have managed to build up considerable savings as I haven't wasted ££££s in bank charges or late payment fees.

Just wondering that's all...?

Agreed but you have to take a lot of things into consideration; mostly that money is a frivalent commodity which has no concept to youth. I know this because (after having a bit of money which I used properly, invested and put myself through uni' with) I lived in my overdraft for 2 years. It's a hard rutt to get out of if you don't know how. My wife and I planned things, paid off what we owed on a car (was on 0% anyway) and now we have a decent amount of savings. I think the comments made were a broad judgement which would affect most and addressed the question in hand which was posed by Anne; the questions were about the account and how to avoid their charges.