Learning to spend

Triumph13

fred246 wrote: »

You don't normally have to buy all the components at once though. Just the ones that need replacement. My PCs are in beige cases from the 1990s. They have started to change from beige to yellow which is a bit of ugly. I think I might have to replace them at some point.

That's not very MSE! Can you paint them instead?

Terron

Parking_Trouble wrote: »

Net result is that you and your sisters are a lot better off than someone starting in the last couple of decades.

It wasn't always easy but it certainly was far easier than now, subject to landing the right job and making the right decisions with property and investments.

That is not correct. Teachers still get excellent DB pensions. They are not FS but they are based on the actually salary, uprated each year by more than the rate of inflation. Other than not being able to boost the salary by a rise in the last year they do not look any worse.


As for someone in the private sector like me conpanies have to offer pensions to all employees, not just managers, and have to pay into them. I have already explained why my FS pension isn't very good (almost no indexation). My hybrid one was better but not as good as a public service one, expecially as it was closed in 2003.



As for houses, 100% mortgages were not available in the 80s, Anyway I was limited to 3X my salary and the 1 bed flat I first bought was 4X. Interest rates were in the double digits, and as I mentioned the crash at the beginning of the 90s was the largest in history, larger than the one caused by the credit crunch, It was harder to get a mortgage for several years after the credit crunch but that has now eased. It has not gone back to how it was before the crunch when it was easier to get a mortgage, but that was not sustainable.



I have a good income now, but that is because I saved a lot for over 20 years, not because it was easy.