Debt pronWatching TV the other day we caught one of these "Bank of Mummy or the Wife" type shows and we thought, "This is Debt Pron." I.e. peoples financial problems exploited for the voyeuristic pleasure of others. Then we thought, "We bet lots of people on B3ta have massive financial problems. Let's exploit them." So, confess them all. Dodgy credit cards, lending money to some bloke in the pub, visits from the bailiffs, using one card to pay off another. We want to wallow in your fiscal pain. So, what is your biggest money fuck up?
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rob, Thu 23 Nov 2006, 19:50)
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DoleWhilst I agree that only buying what you can afford and spending wisely is - of course the correct way to be in life, with respect you're only 19 and I'm guessing you don't have kids or a mortgage to think about.
When I was 19 I too had as you say -
"a wonderful social life and could afford all the luxuries I want after only having 1 part time job for a year"
I went to college and uni and paid for it all myself by getting freelance jobs in the holidays to pay for the rest of the years'
a) rent
b) booze
c) luxuries
then after I left uni and entered the real world, of sitting in traffic on the M1 four hours a day, being paid junior wages whilst paying rent and food and council tax and all the other bills life chucks at you as soon as you leave the soft moist bubble of higher education and home.
Then comes the house and all of a sudden with the best will in the world you find that you have to make decisions that sometimes mean you have to get in debt like moving closer to work (for me that was down south) so you start paying more just to live but your wages stay around the same.
My debts are average, house + car etc. and I earn an above average wage (at last) but at some point you will get into debt and I'm sure you will (especially joining the fireservice or the navy!)
So to sum up
Son - Don't lecture people when your balls haven't even dropped yet.
(, Mon 27 Nov 2006, 10:34, Reply)
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