Christmas. It's 25th December this year

DCFC79

ampafc wrote: »

Patronising thread, pops up usually around this time every year.

The OP probably delighted with himself that he got in first. Well done.

Its just a reminder as some people forget that its on the 25th or dont save up for it and take out expensive loans for xmas which aren't needed.

Phil_rich

What wrong with people borrowing some money to have a good fun time and keeping the kids happy? If they can afford to pay it back over the next two months then whats the problem? Only difference is that your saying to put money away 2 months before instead of 2 months after.

Maybe they should just not spend, have a Christmas with no real presents, no nice food but be happy in the knowledge that they have some money in a savings account for a rainy day. Whatever a rainy day is?!!?

Life is for living, not saving for when your too old to enjoy it.

DCFC79

Phil_rich wrote: »

What wrong with people borrowing some money to have a good fun time and keeping the kids happy? If they can afford to pay it back over the next two months then whats the problem? Only difference is that your saying to put money away 2 months before instead of 2 months after.

Maybe they should just not spend, have a Christmas with no real presents, no nice food but be happy in the knowledge that they have some money in a savings account for a rainy day. Whatever a rainy day is?!!?

Life is for living, not saving for when your too old to enjoy it.

You can still do xmas but no need to get a loan for it/get into debt, can still have nice food without getting into debt, surely the best thing is all about spending time with family friends. Its just not necessary to get a loan for xmas, I understand if people want to get a loan for xmas then its they're choice.

Although saying that its fine if the person taking out the loan is repaid back as agreed.

[Deleted User]

Phil_rich wrote: »

Maybe they should just not spend, have a Christmas with no real presents, no nice food

That's what I do.

Phil_rich

Bedsit_Bob wrote: »

That's what I do.

.....Why???

[Deleted User]

Because I don't do Christmas, Birthdays etc.

unimaginative_user_name

Phil_rich wrote: »

What wrong with people borrowing some money to have a good fun time and keeping the kids happy? If they can afford to pay it back over the next two months then whats the problem? Only difference is that your saying to put money away 2 months before instead of 2 months after.

Maybe they should just not spend, have a Christmas with no real presents, no nice food but be happy in the knowledge that they have some money in a savings account for a rainy day. Whatever a rainy day is?!!?

Life is for living, not saving for when your too old to enjoy it.

If the money is repaid within two months then I agree, why not. However I take an alternative approach which is to put £40 a month into a savings account which I use to pay off Christmas expenses. I don't necessarily spend it all on Christmas but it's reassuring to know the money is there and any money left over goes towards paying for my summer holiday.

Every year on the news there are stories of people who haven't finished paying for the previous Christmas before they have to start paying for the next one.

opinions4u

ampafc wrote: »

Patronising thread, pops up usually around this time every year.

The OP probably delighted with himself that he got in first. Well done.

I do, on occasion, tell it how I see it when responding to posts on this board. I do, on occasion, upset people.

But I assure you that this thread was not started to take the mick, patronise or upset anybody.

It genuinely hurts me to see so many posts on here about pay day loans, multiple pay day loans, guarantor loans etc going wrong.

They go wrong due to poor budgeting or poor self control in the main. Occasionally genuine misfortune has affected the poster, but usually a recklessness of spending more than your income is the problem.

I take no delight in it. You are so far off the mark with that assertion it's not true.

For those who haven't seen it and can't be bother going back a page here it is again.

Christmas. It's 25th December this year.

Just in case you've forgotten.

If you haven't already begun, start saving now.

Totally genuine. Most people will have three months' pay between now and Christmas. That's a decent opportunity to prepare for presents, parties, taxis and food.

That way you won't need an overdraft, payday loan, personal loan or credit card debt to pay for the festive season.

If I have saved one person the expense of debt I've done a good thing. If its stating the obvious, so be it.

Then the lenders make no money out of you and you earn a bit of interest back.

Don't let them profit out of you. Make the banks earn for you.

Sorry you didn't like it. Hopefully somebody somewhere is better off for changing the way the think about their money.

somethingcorporate

Phil_rich wrote: »

What wrong with people borrowing some money to have a good fun time and keeping the kids happy? If they can afford to pay it back over the next two months then whats the problem? Only difference is that your saying to put money away 2 months before instead of 2 months after.

Maybe they should just not spend, have a Christmas with no real presents, no nice food but be happy in the knowledge that they have some money in a savings account for a rainy day. Whatever a rainy day is?!!?

Life is for living, not saving for when your too old to enjoy it.

A loan is for life, not just for Christmas.

Seriously though, save in advance and avoid paying interest. It's simple and you get 12 months warning.

opinions4u

Phil_rich wrote: »

What wrong with people borrowing some money to have a good fun time and keeping the kids happy?

It's more expensive than saving. That's what. What's the name of the site again?

If they can afford to pay it back over the next two months then whats the problem?

Often, they cannot afford to pay it back. The debt remains. The interest accrues. The lender makes more money. The borrower has less.

Only difference is that your saying to put money away 2 months before instead of 2 months after.

There is, of course, another difference. As I said above, you pay interest when you borrow. Over the course of a year you will have spent more by borrowing. Why would you want to do this when you don't have to?

Maybe they should just not spend, have a Christmas with no real presents, no nice food but be happy in the knowledge that they have some money in a savings account for a rainy day. Whatever a rainy day is?!!?

I didn't say that though. In short, I was suggesting they plan for Christmas. It's cheaper that way.

Examples of "rainy days" which are easier to cope with when you have savings.

1. Parent in hospital in the other side of the country. Long drive, lots of petrol, hotel bill, eating out as a result.

2. The clutch goes on your car and you can't get to work until it's fixed. No pay for a week as you can't get it fixed until you've been paid and have no other means to get to work.

3. Your fridge freezer breaks down and you need a new one.

4. You trip and fall, breaking your ankle. You need surgery. Your employer only pays you for a week. You're off work for three.

5. Your car dies and needs replacing. Now.

6. The opportunity to go on a holiday of a lifetime comes up. Friends want you to join them on a cruise. Last minute prices are half what you'd normally pay.

7. Apple release a sexy new piece of must have technology. It's only £200. But StupidNameFinance are collecting the same amount from your bank account on payday, to cover the cost of the the fourth December party you attended. And you'll never wear that frock again! You never even got back to the hotel you paid for you were that paralytic.

Life is for living, not saving for when your too old to enjoy it.

And equally, life is for living when you're retired. Plan sensibly and you can have the best of all worlds. Spend it all now and enjoy the last 30 years of your life in a one room flat watching a TV set that should have been ditched decades earlier. But the "cheapie" food range at the supermarket is adequate. So life is good.

Waste your money on unnecessary interest and you have less. The lenders have more. Why would you want that?