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

TheNamesBond.
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Anything financial which you did or wish you did.
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Reality Check
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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.
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Notoriety
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Put your Sainsbury's wage into an ISA.
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JoshDarnIt
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Quick question. What is an A D U L T ?
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PhylaVell
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(Original post by JoshDarnIt)
Quick question. What is an A D U L T ?
Something you'll never be.
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TheNamesBond.
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(Original post by PhylaVell)
Something you'll never be.
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JoshDarnIt
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(Original post by PhylaVell)
Something you'll never be.
#Proud
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jackbus
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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.
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PhylaVell
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(Original post by JoshDarnIt)
#Proud
#manchildlivesmatter.

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I'm just kidding btw. I like you really.
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JoshDarnIt
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(Original post by PhylaVell)
#manchildlivesmatter.

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I'm just kidding btw. I like you really.
Don't lie
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PhylaVell
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(Original post by JoshDarnIt)
Don't lie
I'm not lying.
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TheNamesBond.
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(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
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JoshDarnIt
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(Original post by PhylaVell)
I'm not lying.
LIES
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TheNamesBond.
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(Original post by JoshDarnIt)
LIES
You want me to take care of this one?
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PhylaVell
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(Original post by JoshDarnIt)
LIES


That hurt my feelings.
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Royal Oak
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Don't blow all your money on pay day. Feeling rich that one day of the month isn't worth the stress of living on the edge of your bank account for the rest of the month.
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Reality Check
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(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
You're welcome 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.
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JoshDarnIt
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(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*
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JoshDarnIt
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(Original post by PhylaVell)


That hurt my feelings.
You're not allowed to use emotional manipulation on me, it's my weakness :bawling:
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PhylaVell
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(Original post by JoshDarnIt)
You're not allowed to use emotional manipulation on me, it's my weakness :bawling:


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