Being 'skint'

[Guest2]

Who says not wanting to go for a meal is being tight?

Some people enjoy going out for nice meal. Others see food and just a necessity to remain alive.

Also - saving for a car or a wedding does make financial sense, more so than spending it on a night out. Personally I enjoy nice meals and trips etc.
But I understand that some of my friends do not, I don't think they are tight, they just have a different opinion on what is important in life.

OK, not necessarily a meal. Doing anything, even if its around to watch a game of football.

I have never really understood how saving for a wedding makes 'financial sense' usually 10k+ for a big 1 day occasion Personally I will take close family and friends to somewhere like Fiji and get married on a beach then use the rest of the time for holiday with everyone.

But you won't because you know that this is a very very very silly thing to do, because the interest rate on the student loan is below the rate of inflation, so all the sensible people leave it to pay off through PAYE

Its 1.5% at the moment, the same rate as my ISA. 2007 - 2008 it was 4.8% APR - Not the <1% I used to think it was. What I pay at the moment through PAYE just above covers the interest

 

[Derek W]

I have never really understood how saving for a wedding makes 'financial sense' usually 10k+ for a big 1 day occasion Personally I will take close family and friends to somewhere like Fiji and get married on a beach then use the rest of the time for holiday with everyone.

so you're upset that your mates priorities may lie with a woman who he's going to spend the rest of his life with rather than going out for a meal with a mate? I'm sure if one day you find yourself getting married your priorities may change and no doubt you'll use the term sorry 'im skint' when you're saving up for her big day....

 

[Guest2]

so you're upset that your mates priorities may lie with a woman who he's going to spend the rest of his life with rather than going out for a meal with a mate? I'm sure if one day you find yourself getting married your priorities may change and no doubt you'll use the term sorry 'im skint' when you're saving up for her big day....

Sort of yes! Its not about if it a meal, its just sparing time with friends occasionally still (once in 3 months would be nice) To say im (quite a few of his friends he hasn't seen for months) are going to the stag do and wedding and everyone has their own priorities. 2 of the friends are saving for their own weddings and stag do's but they have time for everyone.

Maybe his Mrs just cracks the whip more than most!

 

[Derek W]

Sort of yes! Its not about if it a meal, its just sparing time with friends occasionally still (once in 3 months would be nice) To say im (quite a few of his friends he hasn't seen for months) are going to the stag do and wedding and everyone has their own priorities. 2 of the friends are saving for their own weddings and stag do's but they have time for everyone.

Maybe his Mrs just cracks the whip more than most!

you're making assumptions on your friends and how they spend their money though. Month to month (if they have any sense) they will have their normal outgoings / savings etc, the money they have left (if any) will go on things they want to do. If they don't factor in meals / pub / football with mates but rather spend it going to the cinema with their other half or whatever then thats up to them. What you might find is that couples sometimes choose going out with other couples rather than having lads / lasses nights out because they're settling down and can have more in common.

 

[[TW]Fox]

Its 1.5% at the moment, the same rate as my ISA. 2007 - 2008 it was 4.8% APR - Not the <1% I used to think it was. What I pay at the moment through PAYE just above covers the interest

It is always either:

a) BOE base rate +1%
b) RPI

Whichever is lowest.

So, your student loan debt will either:

a) Accrue interest at a lower rate than properly invested savings might

or

b) Accure interest at a rate which means that in real terms the debt reduces.

Currently, it's doing a little bit of a) and a lot of b).

Paying it off makes no sense.

 

[Haggisman]

Sort of yes! Its not about if it a meal, its just sparing time with friends occasionally still (once in 3 months would be nice) To say im (quite a few of his friends he hasn't seen for months) are going to the stag do and wedding and everyone has their own priorities. 2 of the friends are saving for their own weddings and stag do's but they have time for everyone.

Maybe his Mrs just cracks the whip more than most!

Why not invite him/them over for night of beers/films/games/pizza? Done properly you're talking <£5 each, much better than going out for a £5 "meal". I know personally if a mate offered to pay when I couldn't afford to go out, I'd politely decline, as otherwise I'd feel obligated to return the favour or pay them back, even if it meant leaving myself short for something else...

 

[MrMoonX]

It is always either:

a) BOE base rate +1%
b) RPI

Whichever is lowest.

So, your student loan debt will either:

a) Accrue interest at a lower rate than properly invested savings might

or

b) Accure interest at a rate which means that in real terms the debt reduces.

Currently, it's doing a little bit of a) and a lot of b).

Paying it off makes no sense.

What he said, paying off your student load win savings is just full retard

 

[airwave99]

Why not invite him/them over for night of beers/films/games/pizza? Done properly you're talking <£5 each, much better than going out for a £5 "meal". I know personally if a mate offered to pay when I couldn't afford to go out, I'd politely decline, as otherwise I'd feel obligated to return the favour or pay them back, even if it meant leaving myself short for something else...

This. It's also easier for them to reciprocate at a later date by inviting you around some time so they will feel better about it.

 

[V F]

As a McDonalds fan I'm already aware that a large meal is a bargain at just £4.69

How can anybody eat that stuff? Tasteless greasy plastic.

I remember when a McDonalds meal was £2.88 and 30p extra for a large. Those were the days. 1995! WHOOP

Mmm 1995, the memories. Just like you could fill your entire floor for £80 from the supermarket. As well as getting a huge quantity or packets full, rather than things sliding around packets or full of air.