Skaville
Well-known member
We worked it out this evening and it's a rather scary six figure sum, although we have equity in two properties.
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How much do you OWE?
- Thread starter Tesco in Disguise
- Start date
Clothes Peg
New member
- Mar 3, 2007
- 2,305
Nothing. There's this weird concept that students don't seem to grasp - called budgeting. Simple, I worked before I went to uni and I work during holidays. I haven't even had to ask my parents to contribute to my tuition fees. I don't see how saving money and forward planning is impossible to so many of my peers.
Ding Dong !
Boy I'm HOT today !
Owe nothing... in fact I've got about 25K saved.
I said the same when talking about my season ticket. Maybe women find it easier to save.
When Gina mentioned peers was she only talking about male students? I interpreted it was wider ranging than that...
Barrel of Fun
Abort, retry, fail
Some students spent money on a Gap Year that can be very worthwhile and extremely fulfilling. The student loan is the cheapest loan you will ever receive, so it is worth considering alternatives to just working and going straight to University.
tedebear
Legal Alien
I find it too easy to spend
- Having said that when I got myself in a situation when I was worried by my credit card payments - I also knuckled down and sorted it out without taking out a loan! I would have loved a new laptop and a new mobile - but I just can't at the moment and I won't....not sure if thats truly a girl thing but its just the way it is....So did I but then went on to mention women because it was Gina and I who were discussing saving instead of spending.
tedebear
Legal Alien
Stop being so obstreperous - its really getting unpleasant!
I don't know what that means.
Clothes Peg
New member
- Mar 3, 2007
- 2,305
I agree. Financially, it's better to do a gapyear before uni than to go travelling afterwards. I found the money I saved during VIth form was enough to fund my first year. I don't feel comfortable borrowing any money at all. My parents instilled this in me from a young age. Probably for the best.
tedebear
Legal Alien
Sorry Bozza, Yorkie is entitled to her opinion and her posts just as everyone else is here and I'm getting sick and tired of every one of her posts being attacked, picked and belittled. Maybe you weren't trying to do that there so I apologise - but it happens all over and nearly every time she posts. Personally I've had enough of it.
Barrel of Fun
Abort, retry, fail
I found that my gap year experiences were hugely beneficial when it came to job interviews, those that are organised and putting a huge amount of time and effort into a voluntary cause. It certainly gives you an edge over those who went straight from University to school. So in a sense, it is an investment. Borrowing money does not have to be seen as a 'sin', it can be essential.
tedebear
Legal Alien
Heres the word - useful site if you ever need:
http://dictionary.reference.com/search?r=2&q=obstreperous
http://dictionary.reference.com/search?r=2&q=obstreperous
6 figure mortgage, but mortgages don't count, do they?
I don't owe a penny on store cards, credit cards (always clear the card on every statement), loans or overdrafts and not sure I ever will again. Actually that's not quite true - one of my credit card companies offered me 0% on purchases for 6 months and 4% cashback on those same purchases so, in 3 months, I've put about £5k on it and have stuck the cash in a savings account. I'll pay the card off in full when interest is about to start being charged and cheerfully take the cashback money and the interest earned.
In my early 20s I found myself owing around £10k on credit cards. It's quite a serious amount of cash, especially at that age (and earning potential) to know you've got to find TEN THOUSAND POUNDS to have nothing at all. I'm not sure where it went wrong at that time because, as a student, I was pretty decent with money. I did take out a couple of student loans - one helped pay for a holiday to Florida, and the other bought me a Tag Heuer watch that, 16 years later, I've probably worn every day since.
I don't owe a penny on store cards, credit cards (always clear the card on every statement), loans or overdrafts and not sure I ever will again. Actually that's not quite true - one of my credit card companies offered me 0% on purchases for 6 months and 4% cashback on those same purchases so, in 3 months, I've put about £5k on it and have stuck the cash in a savings account. I'll pay the card off in full when interest is about to start being charged and cheerfully take the cashback money and the interest earned.
In my early 20s I found myself owing around £10k on credit cards. It's quite a serious amount of cash, especially at that age (and earning potential) to know you've got to find TEN THOUSAND POUNDS to have nothing at all. I'm not sure where it went wrong at that time because, as a student, I was pretty decent with money. I did take out a couple of student loans - one helped pay for a holiday to Florida, and the other bought me a Tag Heuer watch that, 16 years later, I've probably worn every day since.
Thanks tedebear. Some people seem to think I am fair game.
REDLAND
Active member
No loans, CCards etc etc, my house is worth 180,000 more than I'm currently paying for it
does that count though
does that count though
(This isn't aimed at you) Isn't anyone who posts on an internet messageboard, this one and others, 'fair game'?
We put our opinions up to be shot at. Sometimes no-one shoots, sometimes there's a warning shot fired above our heads and sometimes we get 2 full barrels at point blank range.
If you can't stand the heat, go to that Ice Hotel place. Brrrrrrrrrrrrr.
Only sometimes Bozza?