Just turned 18, need help!

DCFC79

gr8wizard wrote: »

Why are these things so hard lol... I feel sorry for my counterparts at school who have no idea.

Its not hard, theres Google that provides the information.

DCFC79

McKneff wrote: »

Jesus, i would stick around theforums, and get your mates on board too.
You have a lot to learn.

They really should teach financial,tax, ni, erc at school . I have always thought so

Yes they should but unfortunately its not taught, nkt everyone has a parent or parents who could pass on financial lessons.

Chappaz

If you can afford the phone contract, and you want it, get the phone.

I understand the intentions of some here to advise you otherwise, but hey, if we can't enjoy things we really want sometimes, what's the point of it all?

I remember being told that I should get a cheap phone, and that I should get a cheap car as I just need something to get from "A to B". Fast forward 15 years and I don't regret the decisions to go for something better. Not even close. If I work very hard (which I do), then I'll reward myself with a few things to enjoy. They put a big smile on my face, and often still do.

But here's the most important bit: yes, these things cost more than I could have spent, but what I did spend is what I was still able to comfortably afford. You have to spend relative to your own financial situation.

Everyone has their temptations. I may spend a lot on certain things sometimes, yet I have friends who spend more on clothes in a week than I do in a year, while I'm quite content with some Primark and River Island t-shirts.

Spending that kind of money on that kind of thing isn't my cup of tea, but I don't judge them if it's what floats their boat.

You should certainly always keep an eye out for ways to save, but don't beat yourself up too much and deprive yourself of things you really want if you can afford them without any problems.

Disclaimer: This assumes you are level-headed and mature enough not to go on a spending spree and rack up loads of debt which you can't afford to pay back. Sadly this does happen, but I won't wrap my advice in cotton wool because of the risk that you might screw your own finances over. Enjoyment of the finer things and being responsible should always go hand in hand.

DCFC79

gr8wizard wrote: »

It's just to build my credit score, I don't ever plan using a credit card.

An expensive way to do it.

Just running your bank account well is a start.

If your doing it for your credit score well im sorry to say no 1 but you can see the score. The history is whats important.

Sncjw

Your going to uni to study finance but don't have grasp of basic finance information