Yoof struggling - I think not

StevieJ

Percy1983 wrote: »

So true, I think my children should have to pay 5000x more for a house than I did because the internet will be faster and they will all have bigger TVs and better phones.

Wait a minute, you have just bought a house, you consider yourself 'better off' than your parents, you are more or less one of the younger generation, what is your problem?

undetterred

ukcarper wrote: »

Graham you are being drawn in we should let the thread die.

Its what he wants,right up his street,the guy would cause mither in a nest of rats.

Percy1983

wotsthat wrote: »

You were £28k in debt and didn't spend any of that on mobile phones, holidays or beer money?

What did you do - waste it?

Sorry if I wasn’t clear, I had major budget changes to clear said debts, there was certainly some of mentioned ‘sins’ involved in running them up.

To be honest its wasn't spent on an extravagant life, it was just spent on having a life, in my early training days I was earning very little money so go into debt quite slowly but consistently, many years of small over spending leads to big debts as it is. Also that £28k did include a car I had just bought at £6.5k which is still going strong.

With that it was part of a bigger plan knowing my wages would go up substantially, to which they did.
So I had years slowly building debts, a few years reasonable static and then a few years clearing debts.
Yes some of it was spent on socialising, but hey I wouldn’t change a thing as to not have run up debts would have meant no social life between 16-22.
It was hard work clearing them but it all worked out.

PleasureOfHomeownership wrote: »

And all at the expense of your parents, eh boy.

Welcome back, what expense to my parents would that be then?

StevieJ wrote: »

Wait a minute, you have just bought a house, you consider yourself 'better off' than your parents, you are more or less one of the younger generation, what is your problem?

Sorry if I wasn't clear, I am sick of the 'phones/TVs/computers are better and cheaper in relative terms so its fine that houses should cost a lot more' arguement.

As for being better off than my parents, that is due to constant wastage and MEW'ing on there part.

undetterred

In otherwords you spunked it away percy,however you dress it

quantic

I guess you could consider me the "yoof of today" - no slacking going on here I can assure you

Mr._Pricklepants

Percy1983 wrote: »

It was hard work clearing them but it all worked out.

It sure did, Percy.
28K debt paid off and deposit saved in just a couple of years.
That's what? A 40-50K turnaround?
You must be earning serious money now as you were only on 17K 3 years ago.
Or maybe there's something you're not telling us? :think:

Percy1983

undetterred wrote: »

In otherwords you spunked it away percy,however you dress it

Well yes you are quite correct, on the flipside it wasn't run up with no hope of paying it back and I enjoyed my 'yoof' due to it so why not.

Percy1983

Mr._Pricklepants wrote: »

It sure did, Percy.
28K debt paid off and deposit saved in just a couple of years.
That's what? A 40-50K turnaround?
You must be earning serious money now as you were only on 17K 3 years ago.
Or maybe there's something you're not telling us? :think:

The deposit was £9300, we where gifted £500 towards that so £8800, I say we as it was a joint purchase, so call it £4400 for me.

In short I have been paying debts down at around £1000-£1100 a month and continued saving at the same rate afterwards.

moneyinmypocket

Pearcy you can tell your very insecure - trying to justify yourself all the time then act like the hero to the HPC gang

Percy1983

moneyinmypocket wrote: »

Pearcy you can tell your very insecure - trying to justify yourself all the time then act like the hero to the HPC gang

Quite the opposite, I am very secure and due to that don't mind talking openly about how I have got to where I am.

Interestingly is it deemed I as working less hard due to running up debts at one point?