Bank of Mum and Dad - BBC2 8pm Tuesdays

lipidicman

I couldn't agree more Martin. We bought our car on a credit card and we like to think we picked a little better! Before we found this place too! Anyway, it's good to know that Laurence has some good research material.

Oh, next time you see him can you ask if showing his fancy car each week is a contractual obligation. Makes me laugh every time!

Hunnymonster

MSE_Martin wrote:

His answer "yes, but your book and website have been really helpful!" Nuff said.

Perhaps it's time to start a series of entertaining threads for Laurence then... just to make sure he's on the ball

lipidicman

I like the idea!

daveboy

Good to see me bumping this back up got people talking - although I'm sure someone else would have done it if I hadn't.

Female and blonde is all I have to say. I love my Sky+ box, I'd have missed it too if it hadn't have been for that.

Great entertainment by the BBC - keep it up! I did feel sorry for her mother though - I'd be ashamed to have a daughter like that (not that I could as I am the same age as the 'blonde bimbo').

Next weeks looks just as good.

Last thing I have to say - at £33,000 in debt I'd have thought bankruptcy would have been better. Maybe I'm wrong in that but it'll take longer than 6 years for her to pay it off (well, around £27,000 with the car sold).

Kantankrus_Mare

I would suggest the young lady in question was a tad thick!!

I could have punched her when she said to her mother."But you dont know how hard it is to stick to a budget...you've never had to do it"

Excuse me? How does she think her mother coped for years with being a single parent and managing NOT to get into debt??

I wish they'd do follow ups of this programme say in a years time to see if the fools have actually made any inroad into their debts.

I think in this particular case we would see even greater debts!

Not all are the same though.......some really do make a big change to their lives and well done to them.

nearlyrich

The fact that she was worried about losing her "friends" made me think how shallow they must be, I have friends that were with me through thick and thin, sometimes our financial status was completely opposite, ( in both directions) but we have helped each other out. If the friends are only there when money is being spent can they really be called friends?

Her dream was to own and run a business, a restaurant, not sure where she is going to find the business skills required, maybe get "Kevin" the teenager in as a partner as they share a common call "It's not fair"

pitbull

I hope everyone realises that now the Government has introduced top up fees, these sort of debts will be the norm for new graduates. Something I am not looking forward to with an 18 year old daughter looking at Unis for next year.

daveboy

Most people who go to university will not end up over £30k in debt.

The programme demonstrated how much a waste going to university is - she had, from memory, £17k in student and 'normal loans'. What was her job again? What was she earning?

Makes me well happy I didn't waste my time at uni. It says it all if she went - I have more fingers on both hands than she had for an IQ.

Ember999

I didn't go to university and I don't regret that one bit. I have met lots of students who don't seem to have an ounce of common sense. Common sense is what gets you through this life and everybody on this programme is severely lacking in basic common sense. Makes you wonder how they managed to get degrees or what the point of it was.

pandas66

pitbull wrote:

I hope everyone realises that now the Government has introduced top up fees, these sort of debts will be the norm for new graduates. Something I am not looking forward to with an 18 year old daughter looking at Unis for next year.

This is a tragedy waiting to happen BUT your daughter (and my son soon) will be fortunate to have a brain switched on to the greater things in life, a goal. I felt hugely for the Mum in the programme and so hoped she had never stood guarrantor for her daughter. What a lame way to have created debt and the aspirations of a gnat. Clearly she had no will power and morals to have built up this debt but my biggest laugh was when they inspected the car they Co. rejected it. She hadn't looked after it and the debt increased. How could shge have gotten hold of so much credit at 12 (she looked 12/ acted 12).