How much disposable income would be considered well off for an 18 y/o in the UK?

beecher2

When you go to uni you'll find a variety of people from a variety of walks of life. Some may come from extremely wealthy families and have vastly more money than yourself while others will have very little and be reliant on loans.

Personally I don't see how it is relevant how you stack up financially against other students, anyone who cares is going to be pretty shallow.

I

[Deleted User]

The measure of a man is not his bank balance. Most people you'll meet will be trying to make ends meet as students. They'll be racking up debts that won't be paid off until they're in their 50s.

So for the love of god, don't have this conversation with ANYONE at university. If you've got too much money, put it in the savings account/ISA ect. Many, many 'rich' people don't flaunt their money. It sits in property and businesses.

If you want to be a bit generous, buy rounds at the pub and don't expect them back. Be the guy who adds the tip to the restaurant bill. Pay for the odd take-away for your friend. Don't let people notice this or you'll quickly be taken for a ride. NEVER EVER LEND ANYONE MONEY

Again:

NEVER EVER LEND ANYONE MONEY.

bigadaj

OP try and read up in saving and investments.
You have a decent income when many your age will be getting into debt, don't rush to spend money but try saving and investing it.

A house purchase can involve a cash sum of five or even six figures as a deposit so that something to aim for. Similarly you can start investing into an is a, or potentially start a pension.

There's no reason why hobbies or your lifestyle should cost a fortune, and it's far better if it doesn't.

Pincher

Join the Tolkien Society.

If you don't fit in, try another one.

katejo

It depends rather on where in the UK you are going to be living/studying and whether you will be living independently in a student flat or with parents.

philip1427

katejo wrote: »

It depends rather on where in the UK you are going to be living/studying and whether you will be living independently in a student flat or with parents.

I'm going to QUB in belfast

jimjames

philip1427 wrote: »

No hahaha I'm scared of the stock market hahha

Age 18 you shouldn't be. Definitely worth reading up as you could make a really decent future if you invest some money at your age.

philip1427

jimjames wrote: »

Age 18 you shouldn't be. Definitely worth reading up as you could make a really decent future if you invest some money at your age.

What would be your average ROI when investing in the stock market?

philip1427

philip1427 wrote: »

I'm going to QUB in belfast

I'm also living at home next year because I don't think I could study in hall. I might move out next year.

[Deleted User]

philip1427 wrote: »

I'm also living at home next year because I don't think I could study in hall. I might move out next year.

You're going to miss out massively if you live at home in your first year. Strong friendships will be made by many people. Hell, i'd argue that first year of uni in halls is one of the defining years of many people's lives.

I'm still in contact with people I met in the first week of uni, 18 years ago.