Young generation want too much too soon

Out,_Vile_Jelly

ukcarper wrote: »

But that is the kind of thinking that stops people saving quickly enough all these small things add up.

The small things add up to small fractions of massive numbers which it's hard to get motivated about. I sometimes amuse myself in checkout queues by calculating how the 45p I saved on a deal on a loaf translates into London property; if I save that much on my weekly shop, it's only 2173 years before I'd have a deposit!

Im a saver and have got £40k in the bank by the way. Still f-all in the context of buying a flat in London on one salary.

ukcarper

Out,_Vile_Jelly wrote: »

The small things add up to small fractions of massive numbers which it's hard to get motivated about. I sometimes amuse myself in checkout queues by calculating how the 45p I saved on a deal on a loaf translates into London property; if I save that much on my weekly shop, it's only 2173 years before I'd have a deposit!

Im a saver and have got £40k in the bank by the way. Still f-all in the context of buying a flat in London on one salary.

Just by getting rid of Sky someone could save between £250 and £1000 a year a cheap week in the sun will cost a couple the best part of a £1000 these things add up Iit just depends how much you want something.

Do what I did in the 70s move out and commute that £40k would be a 20% deposit on a nice 2-bed terrace where I am and it’s only 45min by train to London.

FTBFun

Out,_Vile_Jelly wrote: »

Im a saver and have got £40k in the bank by the way. Still f-all in the context of buying a flat in London on one salary.

I bought a flat in Zone 2 in 2010 with a £27k deposit.

Graham_Devon

ukcarper wrote: »

Just by getting rid of Sky someone could save between £250 and £1000 a year a cheap week in the sun will cost a couple the best part of a £1000 these things add up Iit just depends how much you want something.

Do what I did in the 70s move out and commute that £40k would be a 20% deposit on a nice 2-bed terrace where I am and it’s only 45min by train to London.

Getting rid of sky will indeed save some money. But that assumes everyone has sky.

That's not true. Sky has 10.2m TV customers. Of which many will be business establishments. So how many people honestly are saving deposits, sitting in rentals, paying sky subscriptions? Not many I wouldn't think.

A holiday does NOT have to cost £1000.

A mobile phone contract at £25 per month is £300 over the year. On a 30k deposit, that £300 is 1% of the total deposit. Survey fees along will cost you the same as your mobile phone package for the entire year.

People can save in some areas. But I ask anybody to take that challenge and do without so much, so that maybe in 10-20 years time, you have save some of the deposit required. That £300 can put you in good stead for many things. It's incredible value when you think what you get now with mobiles.

It's merely peeing in the wind and putting yourself at a huge disadvantage getting rid of some technology today.

As for community costs, and only £45 mins by train, have you checked to see how much that would cost you per year?

Out,_Vile_Jelly

FTBFun wrote: »

I bought a flat in Zone 2 in 2010 with a £27k deposit.

Where in zone 2? You probably earn more than me (university admin).

It does amuse me when people assume you must spend lots of money on techy gadgets. I live in a peaceful Luddite world with an old CRT telly (5 terrestrial channels only), ancient PAYG phone, no home computer, no laptop, no MP3 player. I'm genuinely shocked at how much people spend each month on Sky.

ess0two

Out,_Vile_Jelly wrote: »

Where in zone 2? You probably earn more than me (university admin).

It does amuse me when people assume you must spend lots of money on techy gadgets. I live in a peaceful Luddite world with an old CRT telly (5 terrestrial channels only), ancient PAYG phone, no home computer, no laptop, no MP3 player. I'm genuinely shocked at how much people spend each month on Sky.

As you get older and stop going out regularly to some extent,a full sky package becomes worthwhile.

ukcarper

Graham_Devon wrote: »

Getting rid of sky will indeed save some money. But that assumes everyone has sky.

That's not true. Sky has 10.2m TV customers. Of which many will be business establishments. So how many people honestly are saving deposits, sitting in rentals, paying sky subscriptions? Not many I wouldn't think.

A holiday does NOT have to cost £1000.

A mobile phone contract at £25 per month is £300 over the year. On a 30k deposit, that £300 is 1% of the total deposit. Survey fees along will cost you the same as your mobile phone package for the entire year.

People can save in some areas. But I ask anybody to take that challenge and do without so much, so that maybe in 10-20 years time, you have simply the deposit required. That £300 can put you in good stead for many things. It's incredible value when you think what you get now with mobiles.

It's merely peeing in the wind and putting yourself at a huge disadvantage getting rid of some technology today.

g

I didn’t t say everybody has sky it's just an example and you could save £150 of your £300 without much of an impact and that will give you £150 you wouldn’t have had. I agree once you have children and are renting it is almost impossible to save but then that has always been the case. I can give you an example of someone I know who at the age of 30 decided he wanted to buy. So he move into a small rented room and started to save. He was able to save the deposit admittedly not £40k but a 10% deposit on a small 2-bed terrace in just over a year.

Out,_Vile_Jelly

ess0two wrote: »

As you get older and stop going out regularly to some extent,a full sky package becomes worthwhile.

That's one of the most depressing sentences my eyes have ever seen. And I've read Jude The Obscure.

ukcarper

ess0two wrote: »

As you get older and stop going out regularly to some extent,a full sky package becomes worthwhile.

I'm quite old don't go out that much, well not after dark anyway and I can't see the value in any Sky package.

ess0two

Out,_Vile_Jelly wrote: »

That's one of the most depressing sentences my eyes have ever seen. And I've read Jude The Obscure.

lol,its quite easy to do in £100 - £200 a weekend? full sky package £65 pm.