correct me if i am wrong... but we not the leave poster boys demanding that IF the referendum was within a few percent that it was only fair that another referendum be carried out after a short time.
There is no right answer. I have colleagues who are 27 still living at home, and they will be laughing their way to the estate agents when the "big crash" happens and buying a mega property (rather than stepping up) with a sizeable deposit.
pants sorry you are correct!. wrong thread i saw referendum and had a brain burp
i am at the point now where i am contemplating what to do.... i dont really want my 18 year old son having access to £20k+ but the way we are going he will (£300 a month over 18 years - christ that is pushing 70k + what ever interest is added!!!) .
That’s our plan with ours. We have a Junior S&S ISA. It is of course in their name and they may be able to find out somehow that they have this account. We intend to tell them about it when there is a big life event like buying a house etc.
I was terrible, I got around 7 or 8k when i turned 18. Ended up spending it all on booze and other rubbish so when i met my now wife when i was 23 I was Thousands in debt (CC, Overdraft, Loans etc). She put me on the straight and narrow and managed to help me clear my debts within a year or 2. We managed to buy our first house when i was 25.
Lol
That is punchy, and could be as much as £120k if you assume 6% growth on average. You hope he has his head switched on, but I imagine discussions need to happen around age 15-16 to let him know the intention was X% fun money, X% car/driving lessons, X% house deposit (or investment property).
it is what we are trying for.... I have been fortunate, my folks helped me out when i was a young adult.......but my childhood (which i did enjoy) was tough. i didnt know exactly how tough we had it but my parents were circling the drain a few times to the point of cutting down trees for firewood instead of coal and scrumping spuds the picker missed from the field opposite for food.
,it is what we are trying for.... I have been fortunate, my folks helped me out when i was a young adult.......but my childhood (which i did enjoy) was tough. i didnt know exactly how tough we had it but my parents were circling the drain a few times to the point of cutting down trees for firewood instead of coal and scrumping spuds the picker missed from the field opposite for food.
bringing back on point............ it is FAR harder to get on the property ladder now that it ever has been - as mentioned in multiple threads on these forums and as people are finding now who were stretched to the limit when interest was at under 3% and are now potentially facing ruin
If our lad is ever to manage to get something at a youngish age i think its going to need serious long term saving, which is why we are doing what we are doing...... hopefully enough to finish his education without too much of a debt and have a deposit for his home in the future.
I hope i am wrong but i think the economic crisis we are in now, is not going anywhere soon... i am thinking a decade easily.
right now we can cover the money ok..... it was tough initially, and it will likely be tough again in the future (my job is for certainty coming to an end at the start of 2025) but for now, we can afford it quite handily...
