How much to live on

[Deleted User]

Albermarle said:

Organgrinder said:

And you try and tell the young people of today that, and they won't believe you!

;-)

They are too busy eating out all the time, drinking cocktails and planning the next £1000 trip abroad/hen party/birthday party etc.
Oh and then complaining that they can't afford a mortgage /save for a deposit......

( Before anybody reacts it is just a tongue in cheek comment about the stereotype  )

Yes, and some others use such phrases when condemning anyone receiving benefits or struggling to pay off debts brought about by curve balls life has thrown at them.
Perhaps some 'better off boomers' should visit the debt free wannabe and benefits sections of these forums to realise that many people of all ages are struggling to do their best against all the odds.

BrilliantButScary

This is what made a difference to many women and continues to do so. The ability of women to take control of their reproductive lives.
Both my partner and I are from large families and we are child free by choice. I didn't want the life that my Mum had.

https://www-bbc-com.cdn.ampproject.org/v/s/www.bbc.com/news/business-39641856.amp?amp_gsa=1&amp_js_v=a9&usqp=mq331AQIUAKwASCAAgM=#amp_tf=From %1$s&aoh=17584758797011&csi=1&referrer=https://www.google.com&ampshare=https://www.bbc.com/news/business-39641856

The young people that I have most empathy for are the ones that don't have the 'bank of Mum and Dad to fallback on'. Like them we didn't have driving lessons paid for us, or first cars bought, nor deposits on houses. It is difficult to be aspirational, if you have had limited exposure in your formative years, to lifestyles that are different to your own.

[Deleted User]

BrilliantButScary said:

This is what made a difference to many women and continues to do so. The ability of women to take control of their reproductive lives.
Both my partner and I are from large families and we are child free by choice. I didn't want the life that my Mum had.

https://www-bbc-com.cdn.ampproject.org/v/s/www.bbc.com/news/business-39641856.amp?amp_gsa=1&amp_js_v=a9&usqp=mq331AQIUAKwASCAAgM=#amp_tf=From %1$s&aoh=17584758797011&csi=1&referrer=https://www.google.com&ampshare=https://www.bbc.com/news/business-39641856

The young people that I have most empathy for are the ones that don't have the 'bank of Mum and Dad to fallback on'. Like them we didn't have driving lessons paid for us, or first cars bought, nor deposits on houses. It is difficult to be aspirational, if you have had limited exposure in your formative years, to lifestyles that are different to your own.

Totally agree with with what I have highlighted in bold.

helensbiggestfan

This boomer stopped visiting the debt free boards because she became somewhat disenchanted at the people who were going for the "final offer" schtick to reduce the amount they needed to pay back.  

When my husband got sick we ran up debts of £30k. No frivolous purchases, just surviving.  I paid back every penny.  I wouldn't have considered trying to weasel my way out of my commitments. . 

If you've spent someone else's money then you pay it back. At least if you have any integrity or sense of honour.  Anyone with a shred of decency or a conscience would pay back what they owed in full.  Because guess who loses in the end, not the banks.  They simply build in provision for loss in their charging structure.  It is other customers who lose out, having to pay inflated borrowing rates.  

uralmaid

Yes - she had help with her deposit but she has had part time jobs (sometimes more than one at the same time) since she was 14 years old and had managed to save a very substantial amount towards it herself. Anyway she acknowledges that she is lucky but will have to work hard to pay the mortgage.  With reference to my comment - you were casting doubt on what I said about having a modest upbringing.  Lets just agree to disagree. Your ideas of what is acceptable aren't the same as others necessarily.

Organgrinder

I bite my tongue a fair bit to be honest.

Especially about things where people are critical about what others post. 

I post things pertinent to the boards I post on. To the people who are like minded and appreciate anything I can add to help them. Sometimes I make mistakes. I did so recently on a flight delay discussion. I admitted it and we moved on.

What I'm not is a hypocrite. I don't pretend to know too much about debt. Hence I avoid the debt free section as I have nothing to add. I most certainly do not pry into other people's finances and then add nothing to help their situation. The forum is about sharing things that help each other where we can. 

I value the opinions of those who try to help me with my finances. I am as always grateful for their advice and of those who discuss things privately with me.

None of us are the Messiah....but some of us are probably very naughty boys. ;-)

uralmaid

   Well Said

Jimbobdibob

None of us are the Messiah....but some of us are probably very naughty boys. ;-)

   

helensbiggestfan

Oddly enough, believe it or not, I am actually a trained and licensed debt counsellor.  Although I haven't been active in that role since the late 1980s and things have obviously changed since then. I havent maintained my licence so I wouldn't dream of giving anything other than the usual generic tips that can be found on any money website.  

I worked for several years in the finance industry, with debt counselling and mortgage arrears being my speciality.  Before chucking it over to finally go to university when I was 40. Lol.  

In the past I have followed a couple of debt free wannabe diaries which were very inspirational.  People who had got themselves into a right old pickle but who knuckled down and got it sorted.  But, as I mentioned before, there were a few who endeavoured to wriggle out of their responsibilities by deliberately hiding assets to get their debts written off.  Quite shameless. 

If you call these people out they just brazen out. No shame, no remorse,  just entitlement.  You can call me naive or laugh at me for being a bit of a Puritan but i think such behaviour is morally bankrupt and totally unethical. Obviously there are times when it's just not possible to pay back and bankruptcy becomes the only option.  But that's quite different from just shrugging off ones responsibilities without a thought for the damage that might have been caused.  

Still, on their heads be it.   I'm a great believer in karma, reaping as we sow, getting our just desserts and all that.   The universe always repays in the end. 😁

Time4T_Accounts

Actually, none of these ‘states’ are mutually exclusive : I’m a late boomer (parents had to contend with the ‘70s oil crisis and very high inflation); I left home and was a naughty boy (enjoyed that bit); became very poor (not good); got a later education and used it to improve my lot; am now comfortable. Seen a fair bit of life. Maybe it’s time to be a naughty boy again!!!