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I have a problem of spend money

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    I wish I had your problems
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    Getting a job seems good, Going to set up a new account tomorrow to. Thanks
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    (Original post by Xamanus)
    What you meant was ' He has a problem of writing English' ?


    If so yes, English is not my first language, though I can speak four other languages fluently which includes English, Spanish, Hindi and French. What about you sir? I hope English is not your only language because it seems like a disaster.
    Phail
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    (Original post by Hustler-1337)
    Tycho, I'm interested in finding out what amount would make you 'rich'?

    £800/month is quite a decent amount at that age IMO
    Well I'm not sure "rich" is being used correctly if it's comparing low incomes. None of them are really "rich", although that's just my perception of the word. £800 seems a good amount of money for a full-time student to be earning when you consider how much time they don't have to work, but when you consider that most students (certainly in Scotland) will get £500 per month of student loan, it's easy to see how they can earn the other £300+ to get them beyond the OP's £800. So it's not inconceivable that many students are earning way more than that - I know my brother - who is a full-time student - is.
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    (Original post by Xamanus)
    Okay well I am kind of rich compared to the people I see here, I am no trying to prove anything, I genuinely need help. The problem i face is as soon i get money and i spend it real quick and live broke for the rest of time. Basicly my Dad transfers me 800 a month, I dont how but money just gets over so fast. Last week I got a 1k from my dad, out of that i made 600 on my last accommodation installment but the rest i spent it quick. Seeing enough money account and I go bawling. Went clubbing spent 150 quid there, went the casino made 300 but then bought myself the new google tablet and other things. bought clothes and stuff etc, but I now just like every month money has gone and i have to live broke. How do i stop this from happening.
    You need a reality check. Sort out your priorities and get a better perspective on life as there are plenty of people that could do with that money that wouldn't throw it away.
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    Hi,

    IF you're not a troll, I understand your situation.

    Yes you need a reality check, but at least you've realised there's something wrong with your spending habits.
    -Ask your father to give you 200£ per week (unless you specifically need more (books, accomodations...))
    -Don't go out with your debit card, NEVER GO OUT with your debit card. On nights out just withdraw a set amount of cash, you're not going to be able to spend more than that (and don't borrow money from your friends...come on )
    -Write down your expenses and keep that record updated, at the end of the month you might realise how much money you've spent on "silly" things
    -Ask your close friends to help you spend less. If you feel the urge to buy a particular piece of clothing, ask them first if it is reasonnable/necessary, they will most likely tell you it's not (you could do that yourself, but it is more efficient is someone else is involved).
    -Wait at least 2 weeks before buying something you REALLY want...you might forget about it after these 2 weeks
    -Try to keep yourself busy ! Sport is a good start, most of the time it's free (running, playing football with your mates..Etc...) Don't go to the shops if you're bored...

    That's all I can think of, there are many more tips to help you spend less...google it xD

    Hope this helps
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    (Original post by Xamanus)
    Okay well I am kind of rich compared to the people I see here, I am no trying to prove anything, I genuinely need help. The problem i face is as soon i get money and i spend it real quick and live broke for the rest of time. Basicly my Dad transfers me 800 a month, I dont how but money just gets over so fast. Last week I got a 1k from my dad, out of that i made 600 on my last accommodation installment but the rest i spent it quick. Seeing enough money account and I go bawling. Went clubbing spent 150 quid there, went the casino made 300 but then bought myself the new google tablet and other things. bought clothes and stuff etc, but I now just like every month money has gone and i have to live broke. How do i stop this from happening.
    Those 800 pounds you getting, just hand them to me lol just kidding. Anyways I suggest you divide the money for food,clothes,rent and stuff like that.

    So lets say rent is 100 a week. You will have to pay 400 for rent monthly.
    With the 400 pounds you
    -Spend 20 quid for food every week.
    -Spend 80 for shopping every month.
    You will spend all together for food a month 80 and food which is 80 pounds too adding up to 160 leaving you with 240 pounds.

    -Give charity 40 a month
    -200 travelling and going out. That is the limit.

    Did that help???
    Wow you have ALOT of money. That's so awsome! (:

    I wish I had that coming to me.
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    The best way is to start make money yourself. Then you will have much more money to spend. And you will know how to invest your money. I can tell you how to make thousands of pounds online easily and how to build your own business online.
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    If I can live on £200 a month, I'm sure you can live on £800!! Honestly, it's not hard to budget. I had some guy talking to one of my friends in a nightclub, trying to act flash and boasting about the fact his daddy is a millionaire. He was moaning that he'd already gotten through most of his £500 weekly allowance!! Makes me sick tbh. I'm not saying you're the same, just try to imagine how most normal, working people get by and try to get a little perspective.
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    (Original post by Tycho)
    Start working for your money instead of living off handouts! This will stop you spending it on stupid things. After you can establish that spending that £250 is the same as spending a week of hard work you will not be so inclined to waste it.

    Your father is doing you no favours.

    Incidentally, £800 / month doesn't make you rich, not even compared with most students.
    £800 a month = 9.6k a year. No tax. Most students live on less then that, and assuming that this guy gets the usual student loans as well he's loaded in student terms.

    OP - You're going to fail in life if you don't get a grip on reality.
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    (Original post by M1011)
    £800 a month = 9.6k a year. No tax. Most students live on less then that, and assuming that this guy gets the usual student loans as well he's loaded in student terms.

    OP - You're going to fail in life if you don't get a grip on reality.
    You make a valid point. My understanding of it though was that the £800 per month was not in addition to any student finance. Would that £800 not make him ineligible for student loans (except tuition fees) anyway?

    Completely agree with your second point.
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    Get your dad to pay the rent on your behalf and give the rest of your allowance weekly. Then you won't have lump sumps to blow on gadgets and nights out at any one time.
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    (Original post by Tycho)
    You make a valid point. My understanding of it though was that the £800 per month was not in addition to any student finance. Would that £800 not make him ineligible for student loans (except tuition fees) anyway?

    Completely agree with your second point.
    No any student can claim a maintenance loan regardless of income. The non-means tested loan was something like 3.5k from memory, whereas those on full grant tend to get 3k maintenance loan and 3k grant. So he'd probably have 13k as opposed to those on full grant with 6k.

    Think those figures are accurate from memory, but I might be wrong. Oh and I'm not sure how it works for foreign students, he might not have access to loans if he's foreign. Either way, I went through my first year of university on nothing more then the 3.5k maintenance loan, so 9.6k makes him a king amongst peasants at uni

    (Original post by Chiko 1001)
    Get your dad to pay the rent on your behalf and give the rest of your allowance weekly. Then you won't have lump sumps to blow on gadgets and nights out at any one time.
    Short term solution really. His employer in the future isn't going to dish it out in small doses for him, he needs to learn how to do this himself.
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    (Original post by M1011)
    His employer in the future isn't going to dish it out in small doses for him, he needs to learn how to do this himself.
    Yes they will, it's called a monthly wage.

    Joking aside though, I completely agree. Budgetting is not just a valuable life skill, it's a mandatory survival skill.
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    (Original post by Tycho)
    Yes they will, it's called a monthly wage.

    Joking aside though, I completely agree. Budgetting is not just a valuable life skill, it's a mandatory survival skill.
    Yes, but that's exactly what he's getting right now? £800 a month. So the situation would be no better?

    Employers won't pay your rent and then give you a weekly allowance like Chiko was suggesting!
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    (Original post by M1011)
    No any student can claim a maintenance loan regardless of income. The non-means tested loan was something like 3.5k from memory, whereas those on full grant tend to get 3k maintenance loan and 3k grant. So he'd probably have 13k as opposed to those on full grant with 6k.

    Think those figures are accurate from memory, but I might be wrong. Oh and I'm not sure how it works for foreign students, he might not have access to loans if he's foreign. Either way, I went through my first year of university on nothing more then the 3.5k maintenance loan, so 9.6k makes him a king amongst peasants at uni



    Short term solution really. His employer in the future isn't going to dish it out in small doses for him, he needs to learn how to do this himself.
    When he gets used to having less he'll soon realise how absurd his previous habit was. Bit of shock therapy does wonders.

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