How does your life change when you move out?

[easyrider]

I agree. People complain they cant afford saving for a deposit but happily spend,

Over £50 a month on a new phone contract.
Over £90 a month on Sky TV and hardily watch live TV.
Over £200 a month a new car lease.
God knows how much money on cigarettes and alcohol.

My phone contract is £12 with UL everything with 15GB data
I have Freesat, Netflix, Now TV £8 per month
I own my car
Beer depends....But its not a massive amount.

It does amaze me still why people are paying over 50 quid a month for TV, it seems such a waste of cash....

 

[DAnDan]

Towards the end of last year I moved back in with the parents while I finished off the last of my uni work and job hunted. Starting a job soon and will be looking to get my own place in decent time.

I'm happy living with my parents, we get on great and it's nice to spend some more time with them again after being away pretty much constantly for 7 years. However, now that I'll be working and have the money, I'm excited to get my first place that I can rent by myself. I can't imagine I'd want to stay living at home for years on end still.

 

[Bassmansam]

Ugh, i don't think the majority of young people are using kodi and dodgy downloads.. strange assumption to make.

 

[Bassmansam]

My phone contract is £12 with UL everything with 15GB data
I have Freesat, Netflix, Now TV £8 per month
I own my car
Beer depends....But its not a massive amount.

It does amaze me still why people are paying over 50 quid a month for TV, it seems such a waste of cash....

I looked at now tv but after adding on the sport and movies it doesn't work out much different from having a full sky/ virgin pack.

 

[DAnDan]

Ugh, i don't think the majority of young people are using kodi and dodgy downloads.. strange assumption to make.

Out of the young people I know, I don't know of anyone who pays for Sky/etc. It's all netflix/downloads. Torrents are pretty big still in terms of getting films and TV series which aren't on netflix.

 

[malachi]

Over £50 a month on a new phone contract.
- Can you even get phone contracts that expensive anymore? A phone does the job of, music player, calculator, notebook, pen, books, encyclopedias, television etc. Did people not used to have these things? Phones are cheap for what they do, even at £50.

Over £90 a month on Sky TV and hardily watch live TV.
- Young people don't pay for sky tv, they've been brought up with torrents and kodi

Over £200 a month a new car lease.
- Possible, but it's more likely they don't have a car at all.

God knows how much money on cigarettes and alcohol.
- Vaping is so cheap it's as good as free. Alcohol consumption amongst the young has been falling for years (and rising for those over 50)

That aside. Deposits these days are in the order of £50,000. Can you save £50,000?

Housing is too expensive, end of, that is the case, full stop. I don't blame the young for not bothering anymore. It's the same as thinking, lets save up for a luxury yacht, or Ferrari.

My point highlights what Freefaller said.

"They want the latest gadgets, or not forgo a holiday, or cut own their drinking etc."

The latest gadgets are not cheap. Just look at the silly priced iPhone 7 contracts, yes they are over £50. The sensible people wont spend money on the luxuries I mentioned.

Give someone a credit card and saving for a deposit for a house is the last thing on their mind as they want new things NOW, not tomorrow or next week. That's where many people fail.

During my 20's I saved for a deposit for my house, I only went on holiday once during my 20's and that was to Ibiza for a week. I still had a great social life, went out every weekend but didn't P' my money up the wall because I was saving. While all my friends were taking out multiple credit cards, buying crap on finance. New phones every year (then it changed to 18 and 24 months minimum) Flashy cars on loans so they can impress the latest female the were banging. Now at the age of 33, I have my house for 6 years, while the same friends cant get a mortgage because they are upto their eye balls in debt or the friends which do have a mortgage, just got them recently and REALLY watching their pennies and cant do much. While I am traveling the world, visiting countries they could only of dream because its "too far" for them. Which is code word for they actually cant afford to but are too scared to admit it.

 

[ScoTTyBEEE]

My point highlights what Freefaller said.

"They want the latest gadgets, or not forgo a holiday, or cut own their drinking etc."

The latest gadgets are not cheap. Just look at the silly priced iPhone 7 contracts, yes they are over £50. The sensible people wont spend money on the luxuries I mentioned.

Give someone a credit card and saving for a deposit for a house is the last thing on their mind as they want new things NOW, not tomorrow or next week. That's where many people fail.

I think you fall for the daily mail blame the young type of thinking. What you think happens, and what actually happens are two different things.

 

[ScoTTyBEEE]

Ugh, i don't think the majority of young people are using kodi and dodgy downloads.. strange assumption to make.

Ugh, of course they do lol.

 

[Hagar]

I was moved out at 22 with a job in St Helens (we lived in Hampshire) and given a single ticket to Liverpool Lime Street. That was in 1974.

 

[easyrider]

I looked at now tv but after adding on the sport and movies it doesn't work out much different from having a full sky/ virgin pack.

Well that's where they have you...

I have no interest in watching bleached blonde divas mincing around a football pitch for 90 mins...

I have now TV for Sky Arts mostly and because its cost me 2 quid per month for 6 months on a deal....

 

[Uther]

That aside. Deposits these days are in the order of £50,000. Can you save £50,000?

Housing is too expensive, end of, that is the case, full stop. I don't blame the young for not bothering anymore. It's the same as thinking, lets save up for a luxury yacht, or Ferrari.

Depends entirely where you live, as the above story shows. If those young couples can keep it together and be sensible (they've made a great start) they will be laughing and quite probably mortgage free by their 40's.

 

[easyrider]

In my early twenties I was on the Dole just after university. So I managed to get into a mind-set of making my money last.

I can easily jump in and out of this mind-set...

I'll have a banana for breakfast

I take a flask of soup into work with 3 slices of wholemeal bread.
I take a flask of tea
2 litre bottle of cordial

I'll bulk buy in supermarkets...and head on down at 10PM to pick up meat from the reduced section to freeze.

I'll eat more brown rice with vegetables etc...

I won't eat takeaways for 3 months at a time....

My life becomes simpler and after 3 months I've saved thousands of pounds....and usually lost over 1 and half stone...

The occasional blow out afterwards is far more enjoyable.

 

[ScoTTyBEEE]

Depends entirely where you live, as the above story shows. If those young couples can keep it together and be sensible (they've made a great start) they will be laughing and quite probably mortgage free by their 40's.

Yes definitely. For those couples home ownership is obtainable and the sacrifices are worth making. For anywhere in the SE it's not worth spending the best years of your life saving as house prices accelerate away and the deposit required grows greater every year.

 

[easyrider]

Worth a listen

http://www.bbc.co.uk/programmes/b08cqqj2

people ring in with their issues of buying their own home...Some earning 120,000 a year.

 

[Freefaller]

I think you fall for the daily mail blame the young type of thinking. What you think happens, and what actually happens are two different things.

I'm speaking from my own experiences until I realised what I needed to do.

I know a lot of younger people (in their 20s) who still behave that way and some that don't - my point was about people in general, I never mentioned young in my original comment. I'm not suggesting everyone does, but enough to make it a pertinent point nonetheless.

 

[malachi]

I think you fall for the daily mail blame the young type of thinking. What you think happens, and what actually happens are two different things.

Well I dont read the news so I know where you get the daily mail idea from and I didn't mention anything about the young, did i? I was talking about people who are irresponsible with their finances. I didn't say anything about the young or any age range for that matter.

 

[ScoTTyBEEE]

Well I dont read the news so I know where you get the daily mail idea from and I didn't mention anything about the young, did i? I was talking about people who are irresponsible with their finances. I didn't say anything about the young or any age range for that matter.

Were you talking about OAP's saving for a house deposit? I'm sorry, how silly of me.