| Paying off Christmas debt 09:14 - Feb 13 with 1694 views | onehunglow |
Figures out stating 31% are unable to pay off their debt incurred for Christmas.
Staggering ain’t it
All for one day and presents for kids now consigned to the bottom of the play room or simply broken and dumped into the bin .
Why ? |  |
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| Paying off Christmas debt on 09:17 - Feb 13 with 1690 views | felixstowe_jack |
People should live within their means. There is far too much money wasted at Christmas and the rest of the year on non essential luxuries. | |
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| Paying off Christmas debt on 09:20 - Feb 13 with 1682 views | onehunglow |
| Paying off Christmas debt on 09:17 - Feb 13 by felixstowe_jack |
People should live within their means. There is far too much money wasted at Christmas and the rest of the year on non essential luxuries. |
But why do people insist on doing so.
Why have we conditioned children to expect whatever they want
It’s often the most “ deprived” that are targeted
If the kids don’t get what is desired then they face peer pressure .
It is appalling and nobody seems willing to confront this .
Right now,somebody on this country will be considering suicide due to financial difficulties .
We need to reset society | |
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| Paying off Christmas debt on 09:23 - Feb 13 with 1675 views | BryanSwan |
Financial awareness is something that many struggle with, I've always thought that it was something that should be taught in schools.
Many grow up not having a clue about their finances and it leads to situations like this. | |
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| Paying off Christmas debt on 09:33 - Feb 13 with 1670 views | onehunglow |
| Paying off Christmas debt on 09:23 - Feb 13 by BryanSwan |
Financial awareness is something that many struggle with, I've always thought that it was something that should be taught in schools.
Many grow up not having a clue about their finances and it leads to situations like this. |
You are so right.
One of the very worst aspects of governments policies was to eliminate domestic science from school curriculums | |
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| Paying off Christmas debt on 11:01 - Feb 13 with 1630 views | BryanSwan |
| Paying off Christmas debt on 09:33 - Feb 13 by onehunglow |
You are so right.
One of the very worst aspects of governments policies was to eliminate domestic science from school curriculums |
I have been amazed at times how many people do not have a grasp of their finances. It should 100% be a part of their education, teaching them real life skills.
The amount of people i have come across that barely understand their own mortgage or pension is incredible. | |
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| Paying off Christmas debt on 11:18 - Feb 13 with 1609 views | JACKMANANDBOY |
| Paying off Christmas debt on 11:01 - Feb 13 by BryanSwan |
I have been amazed at times how many people do not have a grasp of their finances. It should 100% be a part of their education, teaching them real life skills.
The amount of people i have come across that barely understand their own mortgage or pension is incredible. |
Yes, I have friends in well paid work who don't understand their pension provision let alone have plans in place to ensure that it is adequate.
The state will end up picking up the tab when it does not need to and we will all pay through our taxes. I'm not in favour of more regulation but if people earn good money then there should be a requirement to plan for the future, especially as the recent pension freedoms give people better access to their pension fund.
PS on Xmas - in our house we work out what our budget is and stick to it. My son did Xmas for nothing one year; selling off unwanted stuff and trading a few pieces of IT hardware. [Post edited 13 Feb 2023 11:20]
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| Paying off Christmas debt on 11:39 - Feb 13 with 1588 views | BryanSwan |
| Paying off Christmas debt on 11:18 - Feb 13 by JACKMANANDBOY |
Yes, I have friends in well paid work who don't understand their pension provision let alone have plans in place to ensure that it is adequate.
The state will end up picking up the tab when it does not need to and we will all pay through our taxes. I'm not in favour of more regulation but if people earn good money then there should be a requirement to plan for the future, especially as the recent pension freedoms give people better access to their pension fund.
PS on Xmas - in our house we work out what our budget is and stick to it. My son did Xmas for nothing one year; selling off unwanted stuff and trading a few pieces of IT hardware. [Post edited 13 Feb 2023 11:20]
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They need it explained to them, either in education or when starting in employment their pension they join is outlined to them.
Very sensible, easy credit and loans are the bane of many peoples lives.
Ive always stuck to the mantra of if I don't have the money equivalent to the full price I shouldn't buy it. | |
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| Paying off Christmas debt on 11:54 - Feb 13 with 1586 views | Boundy |
Because since the dawn of time ( well not quite that far back )that's what parents do . The amount of doom and gloom with the predictions of armageddon around the corners also add in the knowledge that most businesses have taken the opportunity to rip people off (with false ) higher prices who can blame them | |
| "In a free society, the State is the servant of the people—not the master." |
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| Paying off Christmas debt on 13:49 - Feb 13 with 1535 views | NotLoyal |
I know people here who run up debt and have no intention of paying it back. Nobody seems to care anymore if they have a poor credit score or whatever, and it’s not an imprisonable offence as proving that is impossible. It’s the new way of stealing. |  |
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| Paying off Christmas debt on 14:09 - Feb 13 with 1517 views | lifelong |
Never mind paying for the kids Christmas presents, loads of people are struggling to pay their energy bills, which are due to increase again in April,while the likes of BP and Shell announce many billions of pounds profits. |  | | |
| Paying off Christmas debt on 15:03 - Feb 13 with 1497 views | Flashberryjack |
| Paying off Christmas debt on 09:33 - Feb 13 by onehunglow |
You are so right.
One of the very worst aspects of governments policies was to eliminate domestic science from school curriculums |
Black history ? |  |
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| Paying off Christmas debt on 15:07 - Feb 13 with 1495 views | jojaca |
There are two types of people, savers and spenders unfortunately. I will buy a cheap budget phone for £100, where my sister will go into debt over the latest iPhone and that goes with cars/clothes/holidays etc. |  |
| Even when you know, you never know? |
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| Paying off Christmas debt on 16:57 - Feb 13 with 1436 views | onehunglow |
| Paying off Christmas debt on 15:03 - Feb 13 by Flashberryjack |
Black history ? |
Don’t go there
It’s all over Merseyside Police vehicles
More important apparently | |
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| Paying off Christmas debt on 17:12 - Feb 13 with 1418 views | Gwyn737 |
| Paying off Christmas debt on 09:33 - Feb 13 by onehunglow |
You are so right.
One of the very worst aspects of governments policies was to eliminate domestic science from school curriculums |
It’s still there but is often renamed as food tech.
The statutory National Curriculum says:
Cooking and nutrition
As part of their work with food, pupils should be taught how to cook and apply the principles of nutrition and healthy eating. Instilling a love of cooking in pupils will also open a door to one of the great expressions of human creativity. Learning how to cook is a crucial life skill that enables pupils to feed themselves and others affordably and well, now and in later life.
Pupils should be taught to:
 understand and apply the principles of nutrition and health
 cook a repertoire of predominantly savoury dishes so that they are able to feed
themselves and others a healthy and varied diet
 become competent in a range of cooking techniques [for example, selecting and preparing ingredients; using utensils and electrical equipment; applying heat in different ways; using awareness of taste, texture and smell to decide how to season dishes and combine ingredients; adapting and using their own recipes]
 understand the source, seasonality and characteristics of a broad range of ingredients.
Black History has nothing to do with it. | | | |
| Paying off Christmas debt on 19:29 - Feb 13 with 1369 views | SullutaCreturned |
We did Christmas fairly cheaply. Our son had what he wanted but it was a short list, though not cheap. Myself and my wife swore we wouldn't buy for each ither so our presents cost less than 100 quid between us, we always say that and still buy something.
I struggled with money when younger, a lesson I eventually learned and we do try to teach our son everything we were never shown.
Personally, I think there should be a junior pension fund for kids aged 12-18 where parents can save whatever they can manage or want to, at 18 that fund becomes the responsbility of the child/new adult but they cannot touch a penny, thy can only add to it. I believe this pension fund should be kept away from the stock market, instead it should be used as banks use other money, to loan out and it should get a fixed interest rate. On gaining employment, all pension payments should go into this personal fund including what the government would put into pensions from our national insurance. It should be run as a nationalised bank which the government funds in the beginning by putting say 5 billion in with all moneys being lent at fixed rates with guaranteed returns. No handling fees will be taken against the individual accounts and you can put in extra money whenever you want with no penalty as long as you are not earning above 200k per year.
This would mean the end of the state pension but apart from the 5 billion start up it would be self funding and any money put regualrly into your childs pension would not be taxed. So say you put 50 per month in, it comes out before tax as long as you commit to it for the whole 6 year period.
Obviously there would be more rules and escape clauses for if you lost your job, lost income and could genuinely not afford it.
We should all be doing something to help our children, not something that gives them money now but something for when they are old.
Our son has 3 savings accounts, 1 that he can't touch, 1 that he can get at with a small notice period and an instant access account that his monthly pocket money goes into.
We have no debt after Christmas, in fact ur savings are going up and our debts are coming down but it wasn't always that way. OHL is right, we are taken for mugs, told we are bad parents if we dont spend, spend, spend at Christmas andmade to feel small. Our kids will need all the help we an give them. | | | |
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