No you wouldn't. You'd know, just as they do, that the debt is the only way they can get the education they want and that it's a necessary evil because, unlike you, mummy and daddy can't fund their study for them.(Original post by Frostyjoe)
I'm not bothered, i'm just shocked at how easily they spend money and get into debt and how they don't give a ****!
I'd be hyperventilating at the moment if I had all that debt!
I run a 2 bedroom house, a car and save money every month on less than you live on. What's more, I earn every penny myself.
Let's see you stand on your own two feet without support from your family.
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Why do students try and live above their means? watch
- 10-03-2016 21:44
(Original post by Frostyjoe)
- 10-03-2016 22:09
I know. A few months ago I sat and listened to a girl talk about how she spent all of her maintenance grant on a Macbook and other computer devices in one go.
Now all she does is whine about having no money and she has had to go and get a job.
These students are very fortunate to get a grant and they don't appreciate it, I didn't get a grant and I would've made great use out of it!
- 10-03-2016 22:48
- 10-03-2016 22:52
Not sure if OP is serious, but the honest answer is that often it's because their means are so limited that they can't live reasonably within them. That doesn't make it sensible, but that's why.
Others are just profligate, obviously.
- 11-03-2016 00:39
i was like that with my first job i can say out of £4,500 i know what happened to about £1,700 but now i have changed my mentality so that is save 20, spend 30 and reinvest 50 percent of everything i sell
so if i sell a $40k for $30k ring (my business stuff is in dollars for the most part) i work out that the cost was $9k so i have $21k of which
i save $4200
i spend $6300
and reinvest $10,500
- 12-03-2016 19:22
I think that personal budgets can include debt and the amount of that debt depends on many things. Things such as associated charges, the reason for the debt,affordability, your age and circs.
Dont be afraid of some manageable debt. It is a useful driver and helps to make your life better. Remember,your life is limited so you have to make the most of it when you are young. How can you do that with possibly limited income or lower income due to your position in the jobs market?
Well the answer to that is different for everyone but being older than probably most if not all students on here, my hindsight lesson would be that i wish i had taken on more debt to get what i need when i was younger. Inflation is a powerful tool for eroding the real value of debt.
- 17-03-2016 01:20
It's unfortunate but the attitude of people in this country is to consume once money becomes available rather than save or invest it, it's just the culture.
I look at my time at university and how i often would end up pretty low on funds each term and in hindsight i wonder why on earth i did that given that i could have cut spending, got a job and walked out of university with more than £10k savings.
Hindsight is a wonderful thing.
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- 17-03-2016 08:46
It's not just students. I used to know someone who got a car on finance and got into a lot of debt because he couldn't afford it.