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littlepinkstars44 wrote: »Thanks, don't think i'll even start to think about savings though, until i am much older n have a proper job and a house and that stuff.
You need to start looking to the future now. It's a horrible concept I know but one that needs to be done. Once you get a proper job a 3rd of your wages should be going towards your pension pot. Another 3rd covers your household costs, insurances etc and the other 3rd covers your entertainment and luxuries and by luxuries I mean car costs, travel, mobile phones etc.
You will never have a house if you do not have savings. You would not even be able to rent without a months deposit and months rent in advance.
You have it great at the moment living at home. I'm going to send you a pm now as I have a spreadsheet that may help you. But you have to want to be helped. I don't want to waste my time sending it if you are not serious about sorting your debts out and looking forward to the future preferably a debtfree one.0 -
dancingfairy wrote: »Hi LittlePinkStars - love the username by the way.
Uni is hard work and costs a fair bit (as you know) - pretty much everyone ends up in debt and if you only owe as much as you say you do - then you're not doing too bad.
Yes your debt appears to be going up but while you are at uni you need to make sure you focus on getting the best degree you can and if you can do a few hours for a bit of extra cash then that's great but obviously you need the degree.
I'm not sure how long you have left on your degree but when you have finished then I'm sure you can start to really make inroads into those debts - just try and keep them as low as possible while at uni.
Onwards and upwards into 2010.
Best of Luck
df
Thanks hun, I'm in my 3rd year at the momemnt (though technically it's my 1st, as i went straight into 3rd year from college) Really do not like it at all, so i think i might just leave after this semester. It's nothing at all like college, and i am not getting used to it at all. Have failed almost every piece of coursework i have handed in so far already.0 -
TotallyBroke wrote: »You need to start looking to the future now. It's a horrible concept I know but one that needs to be done. Once you get a proper job a 3rd of your wages should be going towards your pension pot. Another 3rd covers your household costs, insurances etc and the other 3rd covers your entertainment and luxuries and by luxuries I mean car costs, travel, mobile phones etc.
You will never have a house if you do not have savings. You would not even be able to rent without a months deposit and months rent in advance.
You have it great at the moment living at home. I'm going to send you a pm now as I have a spreadsheet that may help you. But you have to want to be helped. I don't want to waste my time sending it if you are not serious about sorting your debts out and looking forward to the future preferably a debtfree one.
thanks hun, i appreciate it. I have lived on my own twice before, and moved in with my friend for a while when me and my mum had a falling out. So i know i can cope with things like that when i have to.
As for pensions....don't you get that automatically when you retire anyway, from the post office?0 -
I think the reason it is hard for me to balance things out, is because i get paid from my job, and get my student loan at a different time every month.
So usually when i get my loan, my wages are all gone, then when i get paid all my loan is gone...and it goes on like that everymonth.0 -
littlepinkstars44 wrote: »thanks hun, i appreciate it. I have lived on my own twice before, and moved in with my friend for a while when me and my mum had a falling out. So i know i can cope with things like that when i have to.
As for pensions....don't you get that automatically when you retire anyway, from the post office?
You think you can cope but obviously not if you are in debt at your age.
Believe me if you hate Uni you will hate work, knuckle down and get on with it. You will only end up on the dole if you don't. Hav eyou asked your tutor to tell you why you failed and maybe get them to help you not fail the next set.
Bless you about pensions, yes at the moment when you retire you get a piddly amount to live on but by the time you retire at 80+ years there will probably be no money in the pot for your retirement so you need to look out for yourself now. Be selfish and look out for number 1.0 -
TotallyBroke wrote: »You think you can cope but obviously not if you are in debt at your age.
Believe me if you hate Uni you will hate work, knuckle down and get on with it. You will only end up on the dole if you don't. Hav eyou asked your tutor to tell you why you failed and maybe get them to help you not fail the next set.
Bless you about pensions, yes at the moment when you retire you get a piddly amount to live on but by the time you retire at 80+ years there will probably be no money in the pot for your retirement so you need to look out for yourself now. Be selfish and look out for number 1.
Thanks, yeah one of them went over my report with me, he said i hadn't layed it out properly, and i hadn't actually answered what i was meant to do, i was just describing the museum, and what it offered. He also said that i hadn't refrenced correctly.
I've have wrote reports in college, and just done it the same way i was told to in college, so i don't know exactly what was wrong with it. As for refrencing, that was my first attempt at it, so i didn't expect to get it 100%.
My presentation to go along with it, i just scraped a pass in, i got 42, the pass mark is 40. He said i didn't present myself properly, and did not look like i was there to make a presentation that day.
The other report i failed as well, no feedback on it as of yet. Then i have another 2 to hand in tomorrow, and another one due in on the 13th.0 -
To me giving up on Uni sounds like a terrible idea. Yes you may need to work a bit harder to get back through the past assignments you have failed but it will be worth it. If not then all the hardwork you put in on your previous course will be wasted. And you will have all those debts and all your student loans with nothing to show for them.
You hate working at Morrisons right? you have said so before, if you give up Uni realistically what else will you do other than maybe a few more shifts at the supermarket?
And no pensions don't come automatically from the post office - currently the government pay out a basic state pension (to people who have paid National Insurance for years) and it is barely enough to survive on. People make additional savings into a pension each year to fund an income once they can no longer work. And as TB says, by the time you or I retire the chances of there still being any state pension are minimal.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0 -
littlepinkstars44 wrote: »thanks hun, i appreciate it. I have lived on my own twice before, and moved in with my friend for a while when me and my mum had a falling out. So i know i can cope with things like that when i have to.
As for pensions....don't you get that automatically when you retire anyway, from the post office?
No you do not get a pension automatically from the post office, you have to pay into one right up till you retire and the post office is where the retired often collect it. Life isn't so plain sailing as you think, you will find out when you get older.0 -
To me giving up on Uni sounds like a terrible idea. Yes you may need to work a bit harder to get back through the past assignments you have failed but it will be worth it. If not then all the hardwork you put in on your previous course will be wasted. And you will have all those debts and all your student loans with nothing to show for them.
You hate working at Morrisons right? you have said so before, if you give up Uni realistically what else will you do other than maybe a few more shifts at the supermarket?
And no pensions don't come automatically from the post office - currently the government pay out a basic state pension (to people who have paid National Insurance for years) and it is barely enough to survive on. People make additional savings into a pension each year to fund an income once they can no longer work. And as TB says, by the time you or I retire the chances of there still being any state pension are minimal.
Oh right, thanks i didn't know that. I've never paid any NI either.
No i'm not saying i'm going to drop out of uni altogether, i'm saying i might just leave after 3rd year with my degree, rather than stay on and do 4th year.0 -
littlepinkstars44 wrote: »As for pensions....don't you get that automatically when you retire anyway, from the post office?
When you are about 65 the government will give you just enough to prevent you from dying of malnutrition.
Possibly.0
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