Parental Values & Beliefs

@A-Unique-Nickname said
It is hard, what you meant to write was that it's not so complicated.

Anyway saving isn't the best option, inflation will reduce the value of savings over time.

I keep a monthly log of everything extra I’ve spent. That will include anything from a coffee to more expensive things. Anything left of my monthly disposable income is transferred to my savings account which I try forget about until the need arises. It helps keep my spending under control and avoids getting into an overdraft.

At the end of each month I get a 🙂 or a 🙁 following a summary of what I’ve saved or overspent.
Sounds childish I know but it seems to work for me.

@Drewnogal said
I keep a monthly log of everything extra I’ve spent. That will include anything from a coffee to more expensive things. Anything left of my monthly disposable income is transferred to my savings account which I try forget about until the need arises. It helps keep my spending under control and avoids getting into an overdraft.

At the end of each month I get a 🙂 or a 🙁 fo ...[text shortened]... wing a summary of what I’ve saved or overspent.
Sounds childish I know but it seems to work for me.

Giving is a nice way of overspending - to be able to give to children and grandchildren is a true joy. The money I give to them wouldn't do any good in my bank account but it is of use where it is spent.

@Rajk999 said
I meant to say its not hard. Its not complicated either. Society has created a bunch of lame, greedy, celebrity-worshipping shallow people who are not interested in their future. Also saving is a thousand times more productive than spending on stupid useless garbage, despite the fall in value due to inflation.

It's hard. And you need a lot of luck in life... In most European countries and north America we're lucky to be born in countries with economic and general stability, the majority of the worlds population isn't so lucky. Try telling someone born into a poor Bangladeshi family that it's not hard.

Plus it's getting harder and harder for young people in so called wealthy countries... Let's say you start a job and you're on 30k, in the UK, used to he considered a good salary... A teacher starts with less. You've got rent and bills to pay. A house costs around 300k and you need 30k for the deposit. In which planet is creating a sustainable financial future for that person not hard? You're out of touch with the world today.

Plus society has created no such thing, you've been brainwashed by the media.

@Drewnogal said
I keep a monthly log of everything extra I’ve spent. That will include anything from a coffee to more expensive things. Anything left of my monthly disposable income is transferred to my savings account which I try forget about until the need arises. It helps keep my spending under control and avoids getting into an overdraft.

At the end of each month I get a 🙂 or a 🙁 fo ...[text shortened]... wing a summary of what I’ve saved or overspent.
Sounds childish I know but it seems to work for me.

Smart. I wasn't talking about general expenditure though... The more you save and the longer and longer the money decreases in value. Obviously better to save than to overspend but if you're talking about creating a sustainable financial future it's not going to be from savings.

Also pensions that don't go up with inflation are essentially worthless over time.

@A-Unique-Nickname said
It's hard. And you need a lot of luck in life... In most European countries and north America we're lucky to be born in countries with economic and general stability, the majority of the worlds population isn't so lucky. Try telling someone born into a poor Bangladeshi family that it's not hard.

Plus it's getting harder and harder for young people in so called w ...[text shortened]... h the world today.

Plus society has created no such thing, you've been brainwashed by the media.

Leaving aside your generalisation of what a “good salary” is for the moment, why do you think rents and house prices are so high in the UK?

@A-Unique-Nickname said
Smart. I wasn't talking about general expenditure though... The more you save and the longer and longer the money decreases in value. Obviously better to save than to overspend but if you're talking about creating a sustainable financial future it's not going to be from savings.

Also pensions that don't go up with inflation are essentially worthless over time.

That’s true, I was lucky enough to get a job with an Index Linked private pension but maybe it’s only the governments that provide these? I also took out a loan for £3,200 to buy 4 years National Insurance [that I hadn’t paid into after retiring at 62] to be entitled to a FULL State Pension.

An acquaintance of mine invested her savings in a little holiday chalet in West Wales but because second home buyers inflate the prices of houses for local people the council tax was doubled! This didn’t make sense as it’s a 10 month residential, lease property so not really a family home? The other problem is that having found a buyer 2 years ago she is still trying to get the sale through. There are some very complex issues around owning lease holiday properties so beware everyone 🫤

@divegeester said
Leaving aside your generalisation of what a “good salary” is for the moment, why do you think rents and house prices are so high in the UK?

Various factors. The UK has an aging population, back in the 50/60s when people were knocking out babies like they were ordering drinks at an all inclusive holiday have seen people in their 60/70s owning large homes with just one or two people living in them. People are living longer so less properties on the market, they also haven't built new houses in line with the population increase.

Also greed is a major factor. Landlords are greedy, banks are greedy.

@A-Unique-Nickname said
Various factors. The UK has an aging population, back in the 50/60s when people were knocking out babies like they were ordering drinks at an all inclusive holiday have seen people in their 60/70s owning large homes with just one or two people living in them. People are living longer so less properties on the market, they also haven't built new houses in line with the population increase.

Also greed is a major factor. Landlords are greedy, banks are greedy.

What’s that saying? “Charge what the market will bear”.🤔

@Torunn said
Giving is a nice way of overspending - to be able to give to children and grandchildren is a true joy. The money I give to them wouldn't do any good in my bank account but it is of use where it is spent.

I keep telling a certain relative to treat themself more often by saying - ‘Do you really want to leave so much cash to your kids when they will get a fortune from the sale of your home anyway?

@Drewnogal said
I keep telling a certain relative to treat themself more often by saying - ‘Do you really want to leave so much cash to your kids when they will get a fortune from the sale of your home anyway?

Are they looking at adopting? If so, I’m available.🤞

@A-Unique-Nickname said
It's hard. And you need a lot of luck in life... In most European countries and north America we're lucky to be born in countries with economic and general stability, the majority of the worlds population isn't so lucky. Try telling someone born into a poor Bangladeshi family that it's not hard.

Plus it's getting harder and harder for young people in so called w ...[text shortened]... h the world today.

Plus society has created no such thing, you've been brainwashed by the media.

Its hard for you because you are soft. I see a lot of young British people all over the world, going to sports events, music shows and baically travelling around enjoying life. Not much Africans or East Indians or South Americans doing that.

Travelling is an indication that you are well off. Overweight is another sign. Well-dressed is a third. You do not know what hardship is.

@Rajk999 said
Its hard for you because you are soft. I see a lot of young British people all over the world, going to sports events, music shows and baically travelling around enjoying life. Not much Africans or East Indians or South Americans doing that.

Travelling is an indication that you are well off. Overweight is another sign. Well-dressed is a third. You do not know what hardship is.

When do you see anyone around the world? Do you travel at the moment? A lot of south Americans travelling. I'm in Albania at the moment and in a few days I've met Brazilians and Colombians. Indians as well, they're everywhere. The world now is tiny and you don't need to be well off to travel.

Overweight? Cheap garbage which makes you fat is cheaper than eating healthily. You really are out of touch with reality.

Even the well dressed... Ever heard the phrase 'keeping up appearances'? You could be in thousands of dept but look the part.

@Great-Big-Stees said
Are they looking at adopting? If so, I’m available.🤞

You mean a grandfather figure? I’ll put a word in for you 😃

@Great-Big-Stees said
What’s that saying? “Charge what the market will bear”.🤔

Or, change what desperate people will pay?

@A-Unique-Nickname said
Various factors. The UK has an aging population, back in the 50/60s when people were knocking out babies like they were ordering drinks at an all inclusive holiday have seen people in their 60/70s owning large homes with just one or two people living in them. People are living longer so less properties on the market, they also haven't built new houses in line with the population increase.

Also greed is a major factor. Landlords are greedy, banks are greedy.

When demand (need) outweighs supply as it has done since the net population of UK rose 10 million since the mid 2000s, then as with all sectors, the cost of that which is supplied goes up. This is not a difficult concept to understand.