| £32,000 per year 06:39 - Jan 20 with 19034 views | raynor94 |
Should you be using a food bank?
It's come up this week a nurse has said that's what she earns and can't survive without a food bank.
A Tory mp has said on the airwaves that there is something wrong with her budgetin skills, in this instance i haveto agree with him.
And how does she get a voucher earning that type of money, thoughts? |  |
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| £32,000 per year on 10:48 - Jan 25 with 1081 views | BryanSwan |
| £32,000 per year on 00:03 - Jan 25 by Treforys_Jack |
If it wasn't hard, it wouldn't be appreciated. Should a 17yr old have the ability to borrow enough money to buy a brand new car. Its irresponsible lending, and the poor kid is 20k in the hole starting off, but my point is, they think it's normal, it isn't. Finance companies, banks, store cards all make obscene profits and need clamping down on. |
As you've said agree to disagree.
I can to an extent agree with some things youve said and completely agree that the car finance bubble is ridiculous. Kids will make mistakes along the way and that is preyed upon by car dealers etc.
But the issues for me are more to do with the pulled ladder of a housing market, removal of public services and the ever increasing pension age. Things are not getting better on any of those fronts. |  |
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| £32,000 per year on 11:00 - Jan 25 with 1065 views | Badgeman |
| £32,000 per year on 10:48 - Jan 25 by BryanSwan |
As you've said agree to disagree.
I can to an extent agree with some things youve said and completely agree that the car finance bubble is ridiculous. Kids will make mistakes along the way and that is preyed upon by car dealers etc.
But the issues for me are more to do with the pulled ladder of a housing market, removal of public services and the ever increasing pension age. Things are not getting better on any of those fronts. |
Yeah but kids today who want the same level of wage growth, retirement security and affordable food, housing, education as what their parents had are expecting too much apparently.
They've been presented with the facts and their answer to young people is " you expect too much, just work harder". I've no idea what awful things happened to them in their lives that made them so resentful of the youth of today. |  |
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| £32,000 per year on 11:29 - Jan 25 with 1047 views | krunchykarrot |
| £32,000 per year on 17:39 - Jan 24 by Treforys_Jack |
Fed up with being castigated by the younger generation for being comfortable in life, times were very hard initially, my wife worked 3 different jobs, I worked long hrs 6 days a week for about 20yrs before being able to drop a few hrs . People seem to want things on a plate these days, the sense of entitlement is staggering. Go to any Costa, Starbucks, Domino's etc and they will be rammed guaranteed. This obviously doesn't apply to everyone and I'll no doubt get pelters, but fed up with being criticised for being reasonably comfortable. Life is hard, it's meant to be, if everything was easy there would be no point.
And no, I've never voted tory in my life. |
I wont throw anything I nearly agree with you, but you forgot to mention or add a new lease car £75pcm I phone and a sandwich deal for work everyday. |  | | |
| £32,000 per year on 11:33 - Jan 25 with 1046 views | krunchykarrot |
| £32,000 per year on 23:34 - Jan 24 by Badgeman |
Many don’t want to do good faith rational discussion. They are happy consuming a stream of self affirming slurry because their broken view of the world dissolves if it encounters facts.
They’ll rage for pages about how the daily mail told them half the population are scrounges barely pausing to reckon with the fact they are included in the figures. |
Great post. | | | |
| £32,000 per year on 13:46 - Jan 25 with 1016 views | Treforys_Jack |
| £32,000 per year on 10:48 - Jan 25 by BryanSwan |
As you've said agree to disagree.
I can to an extent agree with some things youve said and completely agree that the car finance bubble is ridiculous. Kids will make mistakes along the way and that is preyed upon by car dealers etc.
But the issues for me are more to do with the pulled ladder of a housing market, removal of public services and the ever increasing pension age. Things are not getting better on any of those fronts. |
Agree with your first paragraph, and no arguments with your second at all, so we have virtually reached common ground. |  | | |
| £32,000 per year on 17:12 - Jan 25 with 975 views | Flashberryjack |
| £32,000 per year on 23:27 - Jan 24 by Badgeman |
Flat earthers like to agree to disagree but they are just as wrong as you are. If you were starting out now instead of when you did, you could put in exactly the same hours and effort and you’d be getting less today. Housing is more expensive, and living standards and life expectancy are falling.
Why is it so hard for you to accept you had it easier than your kids? Is it because to reckon with that fact would bring you shame? |
With respect, you are talking utter nonsense. |  |
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| £32,000 per year on 18:03 - Jan 25 with 944 views | Flashberryjack |
As I said, utter nonsense. | |
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| £32,000 per year on 18:07 - Jan 25 with 941 views | Badgeman |
| £32,000 per year on 18:03 - Jan 25 by Flashberryjack |
As I said, utter nonsense. |
How does the saying go? Facts don’t care about your feelings. | |
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| £32,000 per year on 19:28 - Jan 25 with 912 views | SullutaCreturned |
| £32,000 per year on 17:12 - Jan 25 by Flashberryjack |
With respect, you are talking utter nonsense. |
He's not though. My son can never hope to have what myself and my wife have without a lot of help from us. On the other hand, we have what we have because we worked for it as well as a large slice of luck and looking at how things are today, I couldn't have bought my first house in todays market. My son will find full time work harder to come by, specially if he's on minimum wage.
On that minimum wage how does he save a deposit because rent is sky high? Then he's stuck in a high rent economy, never saving enough.
Interest rates are rising again making mortgages less affordable, even further out of reach of a minimum wage.
We have families where 2 both parents are working who still need ebenfits and foodbanks, back in my 20's how many needed foodbanks? How many were homeless?
Eho whole economy is designed in favour of the rich, to make them even richer. These days the rich are getting richer more quickly AND the poor are getting poorer more quickly too.
https://www.abc.net.au/news/2021-01-25/covid-19-pandemic-exacerbating-wealth-ine | | | |
| £32,000 per year on 19:53 - Jan 25 with 890 views | Sirjohnalot |
| £32,000 per year on 19:28 - Jan 25 by SullutaCreturned |
He's not though. My son can never hope to have what myself and my wife have without a lot of help from us. On the other hand, we have what we have because we worked for it as well as a large slice of luck and looking at how things are today, I couldn't have bought my first house in todays market. My son will find full time work harder to come by, specially if he's on minimum wage.
On that minimum wage how does he save a deposit because rent is sky high? Then he's stuck in a high rent economy, never saving enough.
Interest rates are rising again making mortgages less affordable, even further out of reach of a minimum wage.
We have families where 2 both parents are working who still need ebenfits and foodbanks, back in my 20's how many needed foodbanks? How many were homeless?
Eho whole economy is designed in favour of the rich, to make them even richer. These days the rich are getting richer more quickly AND the poor are getting poorer more quickly too.
https://www.abc.net.au/news/2021-01-25/covid-19-pandemic-exacerbating-wealth-ine |
My parents were able to pay off their mortgage in quite a short space of time with my dad's wages and saving my mum's. She was able to give up work to look after my brother and I. When I came to buy my 1st house, in around 2000, they helped me with the deposit. I was very lucky that I bought just before the housing market went nuts. I sold it a couple of years later with a decent profit which enabled me to buy my place up here.
A young couple of barristers I know who are in their 30s and are based in Manchester. They both have huge student debts and are renting. The costs of renting is huge. They're from a similar background to me but have no hope of being able to afford a place to buy. House prices are so much higher than when I bought. Costs of living is spiralling, our fees have remained stagnant or lowered. They will never be able to be in the position I am, 15 years or so down the line.
My generation had it much easier than these guys. The people coming through, even worse. |  | | |
| £32,000 per year on 20:05 - Jan 25 with 887 views | Gwyn737 |
| £32,000 per year on 19:53 - Jan 25 by Sirjohnalot |
My parents were able to pay off their mortgage in quite a short space of time with my dad's wages and saving my mum's. She was able to give up work to look after my brother and I. When I came to buy my 1st house, in around 2000, they helped me with the deposit. I was very lucky that I bought just before the housing market went nuts. I sold it a couple of years later with a decent profit which enabled me to buy my place up here.
A young couple of barristers I know who are in their 30s and are based in Manchester. They both have huge student debts and are renting. The costs of renting is huge. They're from a similar background to me but have no hope of being able to afford a place to buy. House prices are so much higher than when I bought. Costs of living is spiralling, our fees have remained stagnant or lowered. They will never be able to be in the position I am, 15 years or so down the line.
My generation had it much easier than these guys. The people coming through, even worse. |
I went to uni when it was the last year for student grants and of course there were no tuition fees. If it’s wasn’t for those two things I couldn’t have gone.
Parents had nowt to help with a deposit but I got on the housing ladder in 2002 with a 105% mortgage so didn't need to save for a deposit. My first flat was 73k and I sold it in 2007 for 142k.
These no saving on Netflix and avocado toast that can compete with that blind luck and timing.
No wonder youngsters are feeling disaffected. | | | |
| £32,000 per year on 20:11 - Jan 25 with 884 views | donnybackspin |
Agree with your post, my daughter rents a room in London costs her £950 per month!! Her student losn is £200 a month and then there's the travel costs to work. She survives by us giving her money each month.
We should all be angry with the people at the top hiding millions overseas. This government want us all blaming single parents and the unemployed. Its time for change | | | |
| £32,000 per year on 20:13 - Jan 25 with 868 views | onehunglow |
| £32,000 per year on 20:05 - Jan 25 by Gwyn737 |
I went to uni when it was the last year for student grants and of course there were no tuition fees. If it’s wasn’t for those two things I couldn’t have gone.
Parents had nowt to help with a deposit but I got on the housing ladder in 2002 with a 105% mortgage so didn't need to save for a deposit. My first flat was 73k and I sold it in 2007 for 142k.
These no saving on Netflix and avocado toast that can compete with that blind luck and timing.
No wonder youngsters are feeling disaffected. |
And yet they have technology and devices unthinkable even 30 yrs ago . | |
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| £32,000 per year on 20:17 - Jan 25 with 879 views | Badgeman |
| £32,000 per year on 20:11 - Jan 25 by donnybackspin |
Agree with your post, my daughter rents a room in London costs her £950 per month!! Her student losn is £200 a month and then there's the travel costs to work. She survives by us giving her money each month.
We should all be angry with the people at the top hiding millions overseas. This government want us all blaming single parents and the unemployed. Its time for change |
Yeah but has your daughter considered working harder, moving to a squat in zone 7 and cutting out the mobile phone, car, Starbucks, takeaways, holidays, Netflix, socialising with friends or any luxury that might give her a half tidy quality of life?
Sounds like your daughter is just another typical woke youth who want it all too easy. | |
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| £32,000 per year on 20:20 - Jan 25 with 873 views | Sirjohnalot |
| £32,000 per year on 20:05 - Jan 25 by Gwyn737 |
I went to uni when it was the last year for student grants and of course there were no tuition fees. If it’s wasn’t for those two things I couldn’t have gone.
Parents had nowt to help with a deposit but I got on the housing ladder in 2002 with a 105% mortgage so didn't need to save for a deposit. My first flat was 73k and I sold it in 2007 for 142k.
These no saving on Netflix and avocado toast that can compete with that blind luck and timing.
No wonder youngsters are feeling disaffected. |
We probably went the same time, I got a grant too. | | | |
| £32,000 per year on 20:21 - Jan 25 with 862 views | Sirjohnalot |
| £32,000 per year on 20:13 - Jan 25 by onehunglow |
And yet they have technology and devices unthinkable even 30 yrs ago . |
And in your day the same applied 30 years before that. Technology will always advance, mobiles don't keep you warm or allow you to buy your own house | | | |
| £32,000 per year on 20:43 - Jan 25 with 841 views | Gwyn737 |
| £32,000 per year on 20:20 - Jan 25 by Sirjohnalot |
We probably went the same time, I got a grant too. |
1996? | | | |
| £32,000 per year on 20:52 - Jan 25 with 827 views | Sirjohnalot |
| £32,000 per year on 20:43 - Jan 25 by Gwyn737 |
1996? |
97 | | | |
| £32,000 per year on 20:55 - Jan 25 with 821 views | Gwyn737 |
| £32,000 per year on 20:21 - Jan 25 by Sirjohnalot |
And in your day the same applied 30 years before that. Technology will always advance, mobiles don't keep you warm or allow you to buy your own house |
Good point.
30 years ago it would have been video recorders, CDs, video cameras, personal computers etc. | | | |
| £32,000 per year on 21:02 - Jan 25 with 811 views | donnybackspin |
| £32,000 per year on 20:17 - Jan 25 by Badgeman |
Yeah but has your daughter considered working harder, moving to a squat in zone 7 and cutting out the mobile phone, car, Starbucks, takeaways, holidays, Netflix, socialising with friends or any luxury that might give her a half tidy quality of life?
Sounds like your daughter is just another typical woke youth who want it all too easy. |
Great Reply.. | | | |
| £32,000 per year on 22:33 - Jan 25 with 766 views | Treforys_Jack |
| £32,000 per year on 20:17 - Jan 25 by Badgeman |
Yeah but has your daughter considered working harder, moving to a squat in zone 7 and cutting out the mobile phone, car, Starbucks, takeaways, holidays, Netflix, socialising with friends or any luxury that might give her a half tidy quality of life?
Sounds like your daughter is just another typical woke youth who want it all too easy. |
So you couldn't save money or prioritise by cutting down on the things you've listed ? Is that what your saying? Penny and the bun springs to mind, no pun intended. | | | |
| £32,000 per year on 00:30 - Jan 26 with 737 views | Badgeman |
| £32,000 per year on 22:33 - Jan 25 by Treforys_Jack |
So you couldn't save money or prioritise by cutting down on the things you've listed ? Is that what your saying? Penny and the bun springs to mind, no pun intended. |
My post was facetious. I wouldn’t say you can’t make financial sacrifices on the purchases I’ve suggested but the problem isn’t young people having too many take away coffees which prevents them from getting on the property ladder. The problem is rising house prices have completely outstripped wages. | |
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| £32,000 per year on 00:47 - Jan 26 with 731 views | Dr_Parnassus |
I came from nothing, had very little when growing up, had to pay my own way through Uni by working jobs I didn’t want to do and cutting back on non essentials, put my wife through a masters degree as an international student (I will let you research how much that costs), moved from South Wales to London, took the leap to Australia and in the future a leap to the States.
This all in the modern era. It’s all about work ethic and application. I didn’t come from money, went to a normal school with average grades in subjects I was mainly disinterested in. If I didn’t have money to go out on the weekend I would look to buy and sell things to make extra money.
Not spending your life on Instagram thinking everything should be handed to you. The modern day kids don’t have it hard, their priorities are warped. They have it so easy that many think they don’t have to work and that being a YouTuber or influencer is a genuine career path.
As for a nurse being on £32k and needing a food bank. That’s up to her and her circumstances, don’t know what her level of debt is for a start. If she has car loans and mismanaged her money most of her life then £32k quickly disappears. |  |
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| £32,000 per year on 01:08 - Jan 26 with 727 views | Dr_Parnassus |
£5 daily coffee
£15 a month Netflix
£100 alcohol/Fast food a week
£565 a calendar month
£565/4 x 52 = £7345 p/a
The average first home cost is £240k. 10% deposit needed of £24k.
24,000/7345= 3.2
Less than 3.5 years of savings of basic non essentials is enough to get on the property ladder with a 10% deposit.
That’s cutting back on a coffee a day, cutting out Netflix and going out once a week less.
That’s the tip of the iceberg in what most young people are able to cut back on. I’d imagine some/many spend $1000 a year on vape alone.
Hate these excuses that it’s too hard for people (particularly talking about youngsters with limited financial responsibilities).
Work. Save. Make good choices. Accountability. [Post edited 26 Jan 2023 1:10]
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