1 in 3 households have less than 1k in savings

Onion Ring said:
I think 90% of it is down to education, should be part of the curriculum.

I’m a young pup it seems compared to the majority of this board.

What I’ve learned from my parents has stood me in good stead and I’m entirely grateful for it.

I live in a nice house a stone’s throw from the beach (big step up from a pennyweller) with a mortgage that is relatively small for the property value, go on holiday a couple times a year and have a couple of cars (albeit crap ones).

Never been a high earner (mid £20ks for majority).

I’ll be teaching my kids the same as I’ve been taught. Save from a young age, never get in debt, live within your means, pay for holidays and cars cash. If you can’t afford it don’t buy it.

But most important, you can’t buy your health you must look after yourself (my 10 pints on a Friday shows I’m only listening to parts 😂).
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Budgeting should definitely feature more in education.

A lot don’t have a clue about it once they leave school.
 


Deckchair said:
Just watched STID 3 and it’s reaffirmed my belief that spending your hard earned on good times with the people you love and who love you is priceless really.

You never know what’s around the corner in this life.
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But that could be in the pub every night , meaning no savings and perhaps any early death .
 
Onion Ring said:
I think 90% of it is down to education, should be part of the curriculum.

I’m a young pup it seems compared to the majority of this board.

What I’ve learned from my parents has stood me in good stead and I’m entirely grateful for it.

I live in a nice house a stone’s throw from the beach (big step up from a pennyweller) with a mortgage that is relatively small for the property value, go on holiday a couple times a year and have a couple of cars (albeit crap ones).

Never been a high earner (mid £20ks for majority).

I’ll be teaching my kids the same as I’ve been taught. Save from a young age, never get in debt, live within your means, pay for holidays and cars cash. If you can’t afford it don’t buy it.

But most important, you can’t buy your health you must look after yourself (my 10 pints on a Friday shows I’m only listening to parts 😂).
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You have a mortgage but you never go into debt? How does that work?
 
AndrewP said:
You have a mortgage but you never go into debt? How does that work?
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Generally there is a difference between "good debt" and "bad debt". Mortgage debt is usually the good sort as the rise in the value of the house will be more than the interest paid so you will end up better off. Having expensive credit card or payday loan debt to pay for things you don't really need is the bad sort.
 
Darlo1973 said:
Generally there is a difference between "good debt" and "bad debt". Mortgage debt is usually the good sort as the rise in the value of the house will be more than the interest paid so you will end up better off. Having expensive credit card or payday loan debt to pay for things you don't really need is the bad sort.
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Possibly, but he didn't say he didn't get into bad debt. ;)
 
RestlessNatives said:
This could probably do with its own thread but as the thread's taken a turn...
My eighty odd year old neighbour was having problems with her laptop and asked me to fix it. When I sorted it I discovered she'd been watching YouTube videos of extreme embalming. :lol:
allthatsinteresting.com

Inside The Strange World Of Extreme Embalming: How To Make An Appearance At Your Own Funeral

"It’s like she’s not dead. It’s not like a funeral home. It’s like she’s just in the room with us."
allthatsinteresting.com allthatsinteresting.com
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The old fella driving the car :lol:
 
Scorer said:
I don’t begrudge anyone nice food but it’s entirely feasible to have much nicer home made food for less. I’ve got oxtail stew on the go. It’ll feed three as stew with mash. Then I’ll whack some tomatoes, garlic and mushrooms in and it’ll feed three again as a ragout and more than likely also be enough left for three lots of soup. About 20 quid for nine good meals. ( not including energy cost mind, probably another five to 10 quid. About 3 quid a head and delicious.
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If anyone gave me a stew ad pelt it out the window
Yuk
 
summaz said:
My mate has just bought a 4 bed detached as his first house the f***ing idiot


All the lads creased at him the other night. f***ing idiot
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Why is he an idiot?

Provided he can afford the repayments buying a bigger house in a housing market downturn is probably a sensible investment to do. It will appreciate more as the market recovers then a cheap one.
 
Onion Ring said:
I think 90% of it is down to education, should be part of the curriculum.

I’m a young pup it seems compared to the majority of this board.

What I’ve learned from my parents has stood me in good stead and I’m entirely grateful for it.

I live in a nice house a stone’s throw from the beach (big step up from a pennyweller) with a mortgage that is relatively small for the property value, go on holiday a couple times a year and have a couple of cars (albeit crap ones).

Never been a high earner (mid £20ks for majority).

I’ll be teaching my kids the same as I’ve been taught. Save from a young age, never get in debt, live within your means, pay for holidays and cars cash. If you can’t afford it don’t buy it.

But most important, you can’t buy your health you must look after yourself (my 10 pints on a Friday shows I’m only listening to parts 😂).
Click to expand...
Should certainly be taught mate, that said my parents taught me the value of money, and I understand it, yet I waste so much it as I'd rather be out and about doing what I want when I want instead, then think wish I was more careful.... I'm no good at sticking to a budget.... that's why I don't live at the beach I suppose
Scorer said:
Loads of the worlds best cuisine is basically a stew. Oxtail is great but any slow cooked one pot stew is likely to be good.
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Na, I'm not having it, frigging oxtail, we aren't in the war now mate
 
Lumber said:
Should certainly be taught mate, that said my parents taught me the value of money, and I understand it, yet I waste so much it as I'd rather be out and about doing what I want when I want instead, then think wish I was more careful.... I'm no good at sticking to a budget.... that's why I don't live at the beach I suppose

Na, I'm not having it, frigging oxtail, we aren't in the war now mate
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It’s delicious, unctuous and silky. Not that cheap now either.
 
Just read the first page here but can we stop calling cheques, checks ffs?

We're not quite the 51st state, yet. 😕
MackneyHackem said:
There are people on here who think having an iPhone is a luxury man.
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It is for most people. You can buy a phone for £250 that can do everything an iPhone can, for the everyday things that the majority of us use a mobile for. It's only really high end users who really notice the difference.
£250 or £1250? It's a fairly straightforward choice for me.
 
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