The Student Room Group

What is some financial advice adults on TSR can bestow on the youth?

Anything financial which you did or wish you did.

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Original post by TheNamesBond.
Anything financial which you did or wish you did.

•

Get into the savings habit early and save regularly.

•

Avoid personal debt wherever possible and save up for things instead.

•

Pay your bills as you receive them.

•

Playing 'keeping up with the Jones' is a sure route to penury.

Put your Sainsbury's wage into an ISA.
Quick question. What is an A D U L T ?
Original post by JoshDarnIt
Quick question. What is an A D U L T ?


Something you'll never be.
Original post by PhylaVell
Something you'll never be.

Screenshot_20190522-212649_Samsung Internet.jpg
Original post by PhylaVell
Something you'll never be.

#Proud
Reply 7
Avatar for jackbus
jackbus
14
Yeah as said here save, pay bills on time and if you don't have one get a damned job.
Worked since I was 16 and have always saved at minimum 80% of my wage.
Now at uni so if need something I can afford it, if not I'm set for the next stage.
Original post by JoshDarnIt
#Proud


#manchildlivesmatter.

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Original post by PhylaVell
#manchildlivesmatter.

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Don't lie
Original post by JoshDarnIt
Don't lie


I'm not lying.
Original post by Reality Check

•

Get into the savings habit early and save regularly.

•

Avoid personal debt wherever possible and save up for things instead.

•

Pay your bills as you receive them.

•

Playing 'keeping up with the Jones' is a sure route to penury.


When you begin working, how much would you say someone should save out of their salary, is 30% too much?

Btw thanks for commenting, really helpful :biggrin:
Original post by PhylaVell
I'm not lying.

LIES
Original post by JoshDarnIt
LIES

You want me to take care of this one?
Original post by JoshDarnIt
LIES




That hurt my feelings.:frown:
Original post by TheNamesBond.
When you begin working, how much would you say someone should save out of their salary, is 30% too much?

Btw thanks for commenting, really helpful :biggrin:


You're welcome :smile: Glad it helped.

To answer your question, I'd say save as much as you can without having it affect your life in a negative way - that might be 30%, it might be 50% - just depends. You've got to enjoy your earnings to an extent, so don't save every penny and feel you can never buy something nice or treat yourself. But equally, it's better to save money than fritter it away on unnecessary purchases. In essence, it's really good if you can learn to be frugal - search out bargains, don't be afraid to haggle and barter a bit, and make your money work as hard as it can. You've worked bloody hard to earn it, so get as much value out of it as you can.
Original post by TheNamesBond.
You want me to take care of this one?

That's okay Mr.Bond, I have it covered *pulls out water pistol*
Original post by PhylaVell


That hurt my feelings.:frown:

You're not allowed to use emotional manipulation on me, it's my weakness :bawling:
Original post by JoshDarnIt
You're not allowed to use emotional manipulation on me, it's my weakness :bawling:




:frown::frown:
Original post by JoshDarnIt
That's okay Mr.Bond, I have it covered *pulls out water pistol*

woah woah woah, last I checked you do not have a license to squirt.

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