The must have generation

neverdespairgirl

PasturesNew wrote: »

It's only been in recent years that everybody's had paid annual leave. I've certainly had many times in my life when taking time off work meant additionally losing that pay, so a double whammy.

Still does, if you're self-employed.

Orpheo

treliac wrote: »

Eventually it's pay back time. What happens then?

Those of us with savings have our interest rates lowered to pay for other people's debts. My savings used to pay my rent, now they pay other people's mortgages.

malcindebt

Orpheo wrote: »

Those of us with savings have our interest rates lowered to pay for other people's debts. My savings used to pay my rent, now they pay other people's mortgages.

No they don't.

Investment is a 2 way thing. Rates go up, and rates come down. Thats how it works.

System

If the alternative is being a hermit who dies having never seen or done anything worthwhile, then I don't see the problem.

Norma_Desmond

We live so far from anywhere that a trip to the nearest big town / city is a holiday in itself.
Seriously though, apart from weekends away to visit far-flung relatives we only have one 'real' holiday a year - all saved up and paid for with not a credit card in sight.

Orpheo

malcindebt wrote: »

No they don't.

Investment is a 2 way thing. Rates go up, and rates come down. Thats how it works.

How adorably simple.

IveSeenTheLight

macaque wrote: »

Since the government bail out, banks have grown richer and borrowers have remained reckless. The phrase 'moral hazard' comes to mind.



http://www.citywire.co.uk/money/over-10-million-britons-fund-holidays-with-debt/a413275?re=10164&ea=174368

It's not just holiday's either.
It's iPhones, iPads, clothers, hitting the town playstations, etc etc etc

Arcaine

I like my holidays, and we are lucky and can pay for them up front. But I am certainly not going to get on someones case if they really wanted to go away and decided to spread the cost over 12 months.

Prudent

I really enjoy going away. I do feel that I chill down in a way that I don't do if I stay at home.

I have only one paid for a proper holiday since becoming a single parent 8 years ago. I took my daughter to Majorca when she was 16 and saved for ages.

We do have several breaks/ holidays a year though. Mainly due to comping.

Over the last 12 month period comping has given me:

2 weeks in an upmarket spa hotel in France with flights, car hire and £1000 spends
2 nights in a luxury country house hotel in Yorkshire with free entry to local attractions
2 nights for four at Alton towers (in Alton towers hotel) with £300 spends
1 night in Glasgow at the jury's inn
2 nights in Malmaison Aberdeen with travel
1 night London theatre break (combined with visit to family)
1 night in a hotel in Wales (combined with visit to family)

If you are creative there are ways to have nice holidays on very little.

My first break as a single parent cost me £20 including travel. We booked two nights in a travelodge when they were £5 a night. I spend a further £5 on petrol. We had free cinema tix through some mse offer and went both nights. We also had some free attraction tix via mse posts again. I spent the last £5 on going swimming and two portions of chips. We took food with us. I made up cold pasta salads etc and took picnic plates. The sun shone and it was a lovely break. I do not feel holidays require debt.

Zelie

What's with the hate for credit cards? They are a perfectly reasonable tool to use. Of course, any tool can be dangerous if you use it incorrectly but the blame should surely not lie with the tool.

If I go away I put it on my credit card. I recently bought a fairly expensive camera with it. Hell, I even put my weekly groceries on there. Now some people would say this is foolish in the extreme but that's because they are reacting to an idea in their head and not the reality. I have plenty of money in my account to cover the card debt. It's paid off in full every month. The purchase of the camera was delayed until I had enough saved to cover it. The same with holidays. And I'd rather my money sit in my account earning interest for another few weeks than go immediately to pay for my small luxuries. Not to mention that I can make use of s75 if I need to.

There are plenty of good reasons for purchasing luxuries on a credit card. Just because someone does so does not mean they are reckless with money.