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Buy Now Pay Later & CC/Pay Day Loans Lifestyles
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East
30-12-2016
Originally Posted by Princessxxxx:
“Living with "mum and dad," in a nice 5 bed house in a nice location, nothing wrong with that as the money I have worked for, some of it is invested in a flat, and able to drive a new car, live a nice lifestyle, not be in debt, help mum and dad as required and they help me in turn - whats wrong with that mate? My parents tought me never try to run before you can wlak, puka advice!

”

I can see from this post that living within your means and being able to save somewhat has been to the advantage to the family and well done for that. On the other hand some will argue live for now as you never know what tomorrow will bring.
scottie2121
30-12-2016
Originally Posted by tealady:
“Have you thought about a loan for a dream holiday?”

Dream holidays are free.

It's the ones you go on that cost the money.
Tess-g
30-12-2016
Originally Posted by Moany Liza:
“I just know I'm going to regret asking this.... but who is - or was - Greg? ”

gregrichrads http://forums.digitalspy.co.uk/member.php?u=132475 - a fantasist but I'm not sure this fm is a reincarnation. I'm sure Greg is back but not this user name
Moany Liza
30-12-2016
Originally Posted by Tess-g:
“gregrichrads http://forums.digitalspy.co.uk/member.php?u=132475 - a fantasist but I'm not sure this fm is a reincarnation. I'm sure Greg is back but not this user name”

The name seems vaguely familiar... but that's all.

I stopped posting here for a while and returned a few months back, so I sometimes can't remember people from when I was here before.
Tess-g
30-12-2016
Originally Posted by Moany Liza:
“The name seems vaguely familiar... but that's all.

I stopped posting here for a while and returned a few months back, so I sometimes can't remember people from when I was here before. ”

Don't try too hard It's not worth the mental strain
Moany Liza
30-12-2016
Originally Posted by Tess-g:
“Don't try too hard It's not worth the mental strain ”

You're probably right.
tim59
30-12-2016
Originally Posted by Princessxxxx:
“Living with "mum and dad," in a nice 5 bed house in a nice location, nothing wrong with that as the money I have worked for, some of it is invested in a flat, and able to drive a new car, live a nice lifestyle, not be in debt, help mum and dad as required and they help me in turn - whats wrong with that mate? My parents tought me never try to run before you can wlak, puka advice!

”

And you know what none of that makes you better or superior to anyone else.
annette kurten
30-12-2016
Originally Posted by Princessxxxx:
“Living with "mum and dad," in a nice 5 bed house in a nice location, nothing wrong with that as the money I have worked for, some of it is invested in a flat, and able to drive a new car, live a nice lifestyle, not be in debt, help mum and dad as required and they help me in turn - whats wrong with that mate? My parents tought me never try to run before you can wlak, puka advice!

”

you seem to be giving the licensed beverage industry a boost too.
charlie1
30-12-2016
Originally Posted by Princessxxxx:
“People do friend, and this is why you have outfits like that and you know its a fact

About "higher debts," that's a no brainer friend as thos same people are able to pay of debts, keep roof over head and PAY their bills on the whole when compared to those on the lower social scale.

”

"The lower social scale" You're a piece of work, you really are.
MRSgotobed
30-12-2016
Originally Posted by Green Thumb:
“To much Prosecco.”

Yes.Too much Proseccoxxxxxxxx and PassiveAggressivexxxxxxxxxx
Nicola32
30-12-2016
Originally Posted by charlie1:
“"The lower social scale" You're a piece of work, you really are.”


I wouldn't take it too seriously.

I had my suspicions that this FM's posts/threads were mostly wind ups, but I wasn't quite sure.

However, the more of her/his posts I read the more inclined I am to believe she/he is indeed a WUM.



Sorry Princess xxxx.
Pam_Kerr
30-12-2016
Originally Posted by Princessxxxx:
“I'll stand by what I have stated ealier



”

Given that you are so far up yourself, how on earth do you clean your teeth?
Nakatomi
30-12-2016
Oh the irony of someone living with their parents in their 40s calling someone else a loser...

I know people who left school with no qualifications who are brilliant with money and aren't in a penny of debt, but I also know people who are professors who are terrible with cash.

Your education doesn't matter at all - people just have different priorities and brains. My brain isn't very maths minded but I'm good at keeping track of money and knowing what we can and can't spend. Me and my girlfriend don't really go in for the showing off thing anyway, so it doesn't matter. We're happy enough with our oldish cars and 4 year old TV. Some people aren't - that's up to them.

For some people who have to rely on benefits, buying things on the "Buy now, pay later" system is the only way they would ever get a new sofa if their old one breaks. It's a necessary evil.
Sifter22
30-12-2016
Are we dealing with a PBU here then?
Bill Clinton
30-12-2016
Apparently to use a bit on your credit card and then pay it back regularly is GOOD for your credit history, so I can feel a bit better about the £200 I put on my credit card to get the PS4, but I'm likely now back in overdraft too!
jeffiner1892
30-12-2016
I had enough saved to buy my car outright but my parents told me not to touch that money and take a loan instead (merely reducing the amount I was putting into savings but still able to manage repaying the loan). Where do I fall on your "non educated about money" scale?
Hobbit Feet
30-12-2016
Originally Posted by jeffiner1892:
“I had enough saved to buy my car outright but my parents told me not to touch that money and take a loan instead (merely reducing the amount I was putting into savings but still able to manage repaying the loan). Where do I fall on your "non educated about money" scale?”

well if the interest on the loan was higher than the interest on your savings quite high I'd say
scottie2121
30-12-2016
Originally Posted by Sifter22:
“Are we dealing with a PBU here then?”

At least two.
Union Jock
30-12-2016
Credit clowns OP?
jonner101
30-12-2016
Originally Posted by jeffiner1892:
“I had enough saved to buy my car outright but my parents told me not to touch that money and take a loan instead (merely reducing the amount I was putting into savings but still able to manage repaying the loan). Where do I fall on your "non educated about money" scale?”

The car industry would go bankrupt within weeks if people didn't use various credit schemes such as PCP deals and so forth as most people don't have 10-20k in cash readily available.

Cost of ownership can actually be cheaper with a a new car brought this way for various reasons. In fact it only really makes sense to buy a new car for cash if money is no object or you just intend to keep the car for 10 years or more.
jonner101
30-12-2016
Originally Posted by Hobbit Feet:
“well if the interest on the loan was higher than the interest on your savings quite high I'd say”

Depends on the sort of finance scheme you are using. If it's anything over 1-2 years old then cash is the way to go if you have the money.

Buying new for cash means you lose a few grand as soon as you register the car and drive it out of the dealership.
Hobbit Feet
30-12-2016
Originally Posted by jonner101:
“Depends on the sort of finance scheme you are using. If it's anything over 1-2 years old then cash is the way to go if you have the money.

Buying new for cash means you lose a few grand as soon as you register the car and drive it out of the dealership.”

the car value depreciates whether you pay cash or finance it
Richard46
30-12-2016
Originally Posted by tim59:
“Were is the fact in your statement. But here is a real fact People in the UK owed £1.508 trillion at the end of October 2016. This is up from £1.455 trillion at the end of October 2015 – an extra £1041.23 per UK adult. The average total debt per household – including mortgages – was £55,855 in October.”

Including debt secured against capital assets (such as a house) does make those figures problematic if not totally irrelevant. Unsecured debt is another matter; and debt beyond an income (or capital) to repay it is yet another.
Brandy211
30-12-2016
Originally Posted by Princessxxxx:
“
About "higher debts," that's a no brainer friend as thos same people are able to pay of debts, keep roof over head and PAY their bills on the whole when compared to those on the lower social scale.

”

Strange that, as according to a u switch poll, the highest earners were most in debt.
They lose money through divorce or losing their jobs just as anyone else. They may also over estimate their worth/future earnings and borrow more which they struggle to pay back.

Higher earners go bankrupt just as anyone else.
Public schools even have the need for the services of debt recovery firms, due to parents failing to make payments for their child, s education.

Here,s an example of the bloke with a house, Porsche...But who has no furniture & lives month to month.
You need to borrow far more to keep up appearances & with the Joneses across the street.
Often far more than you can afford to repay
http://www.business.financialpost.co...rich-and-broke
jonner101
30-12-2016
Originally Posted by Hobbit Feet:
“the car value depreciates whether you pay cash or finance it ”

If you get it on PCP deal from new then you are financing the depreciation. The monthly figure is based on a forecast of the cars value after the term usually 3 years with an annual mileage of 12,000

Sometimes they get it wrong and lose and you actually gain on the deal compared to buying cash and selling yourself after 3 years. If you buy cash and sell and buy new in 3 years you will probably only gain if you sell privately ( also difficult to sell a 3 year old car privately and a lot of hassle ) if you p/x then you will lose a lot. On top of that you will pay a higher depreciation generally as you would not have got the discount that a big lease company can get off the new price.

They can offer good deals as they bulk buy so you are actually starting the finance from a heavily discounted base which is why you often see zero % deals or even a deposit contribution on this type of deal.

In any case it's quite often the lowest cost of ownership for people who want a new car every 3 years and can afford the repayments.

Cons are you will get stung if you go over the allocated milage and will pay over the odds if you are prone to getting scratches and little dings or damaging the alloys as you pay again over the odds for repairs for anything that is considered beyond normal wear and tear.
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