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Old 30-12-2016, 21:14
jeffiner1892
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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.
It was second hand anyway.
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Old 30-12-2016, 21:21
mcg3
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I bet she does.
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Old 30-12-2016, 21:37
Princessxxxx
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Dream holidays are free.

It's the ones you go on that cost the money.
Serious LOL

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Old 30-12-2016, 21:39
soap-lea
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Can I ask your opinion on flat roofed pubs?
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Old 30-12-2016, 21:56
Princessxxxx
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With the new year just hours away, why not give yourself a new years resolutions, EG

Don't buy what you can't afford for cash, save monthly, prioritise your rent and utility payments and ditch that smart phone for a nice and simple mobile phone with PAYG

Trust me, people managed without mobile 20 yrs ago, not everyone can afford a car, holiday or presents - so get your priorities sorted and within months you will strat nocting the rewards.

My dad was telling me that when he was about 21 yrs old, live with his parents, he'd go out for walks and around the corner from where he lived were much nicer and bigger houses that had no one MB parked on a drive but a couple and BMW etc and he used to dream about buying one - gradually my mum and day through hard work spent wisely and saved and invested prudently and never paying any interest on any moeny other than their mortgage - now they have a nic 5 bed det house, Range Rover, MB/Eclss and Audi Q3 for mum and only debt they have is a small amount left on a buy-to-lat mortgage - all through hard work and being wise - BUT IT'S YOUR CHOICE SHOULD YOU DECIDE TO RUN BEFORE YOU CAN WALK.
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Old 30-12-2016, 22:40
Hollie_Louise
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People can manage now without a smartphone, they just don't have to so don't.

As usual, poking your nose and looking down it on other people.
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Old 30-12-2016, 22:50
tealady
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Ditch a smartphone for a basic payg.
You clearly have no appreciation of tariifs available.

If were still living at home at the age of 39 (or is it earlier 40s) whichever one you decided on, I think I would be doing quite well financially, but I would clearly be lacking in a lot of experience of struggling hand to mouth.
I would not lecture others about something I have little experience of.
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Old 30-12-2016, 23:01
tim59
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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.
Unsecured debt also reach its ever highest. https://www.google.co.uk/url?sa=t&rc...dhdkFSsnMckg1A.

Credit card debts hit a record high last month as Britons used the plastic to fund shopping more than ever before, according to Bank of England figures.

The unprecedented boom has been aided by credit card companies offering shoppers zero percent interest rates for periods of several years, in an intensely competitive race to win new customers.

British households have £66.2bn of credit card debt outstanding, a level that rose by £571m in the month.

Overall unsecured consumer credit grew by 10.5pc in the year to October, representing the strongest pace of growth since October 2005.
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Old 30-12-2016, 23:11
tim59
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With the new year just hours away, why not give yourself a new years resolutions, EG

Don't buy what you can't afford for cash, save monthly, prioritise your rent and utility payments and ditch that smart phone for a nice and simple mobile phone with PAYG

Trust me, people managed without mobile 20 yrs ago, not everyone can afford a car, holiday or presents - so get your priorities sorted and within months you will strat nocting the rewards.

My dad was telling me that when he was about 21 yrs old, live with his parents, he'd go out for walks and around the corner from where he lived were much nicer and bigger houses that had no one MB parked on a drive but a couple and BMW etc and he used to dream about buying one - gradually my mum and day through hard work spent wisely and saved and invested prudently and never paying any interest on any moeny other than their mortgage - now they have a nic 5 bed det house, Range Rover, MB/Eclss and Audi Q3 for mum and only debt they have is a small amount left on a buy-to-lat mortgage - all through hard work and being wise - BUT IT'S YOUR CHOICE SHOULD YOU DECIDE TO RUN BEFORE YOU CAN WALK.
Well i would not give to much advice out unless you know what you are talking about, a PAYG phone is expensive to use, better to buy a phone for cash then find a cheap monthly contract £ 5 month virgin
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Old 31-12-2016, 00:04
Moany Liza
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With the new year just hours away, why not give yourself a new years resolutions, EG

Don't buy what you can't afford for cash, save monthly, prioritise your rent and utility payments and ditch that smart phone for a nice and simple mobile phone with PAYG

Trust me, people managed without mobile 20 yrs ago, not everyone can afford a car, holiday or presents - so get your priorities sorted and within months you will strat nocting the rewards.

My dad was telling me that when he was about 21 yrs old, live with his parents, he'd go out for walks and around the corner from where he lived were much nicer and bigger houses that had no one MB parked on a drive but a couple and BMW etc and he used to dream about buying one - gradually my mum and day through hard work spent wisely and saved and invested prudently and never paying any interest on any moeny other than their mortgage - now they have a nic 5 bed det house, Range Rover, MB/Eclss and Audi Q3 for mum and only debt they have is a small amount left on a buy-to-lat mortgage - all through hard work and being wise - BUT IT'S YOUR CHOICE SHOULD YOU DECIDE TO RUN BEFORE YOU CAN WALK.
WTF???

I've never "strat nocted" anything in my life!



How about learning to spell and type before you start issuing unsolicited financial advice to people who are probably considerably older, wiser and have greater experience of real life than you?
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Old 31-12-2016, 11:36
Nakatomi
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With the new year just hours away, why not give yourself a new years resolutions, EG

Don't buy what you can't afford for cash, save monthly, prioritise your rent and utility payments and ditch that smart phone for a nice and simple mobile phone with PAYG

Trust me, people managed without mobile 20 yrs ago, not everyone can afford a car, holiday or presents - so get your priorities sorted and within months you will strat nocting the rewards.

My dad was telling me that when he was about 21 yrs old, live with his parents, he'd go out for walks and around the corner from where he lived were much nicer and bigger houses that had no one MB parked on a drive but a couple and BMW etc and he used to dream about buying one - gradually my mum and day through hard work spent wisely and saved and invested prudently and never paying any interest on any moeny other than their mortgage - now they have a nic 5 bed det house, Range Rover, MB/Eclss and Audi Q3 for mum and only debt they have is a small amount left on a buy-to-lat mortgage - all through hard work and being wise - BUT IT'S YOUR CHOICE SHOULD YOU DECIDE TO RUN BEFORE YOU CAN WALK.
I would rather live on the streets than be in my 40s and still living with mummy and daddy! How sad for you! Do they wipe your bum for you as well?
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Old 31-12-2016, 12:18
JasonWatkins
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It's entertaining that people are actually taking the OP seriously

This character has been done before in GD - and done better as well.
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Old 31-12-2016, 12:30
Moany Liza
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It's entertaining that people are actually taking the OP seriously

This character has been done before in GD - and done better as well.
I haven't noticed anyone taking them seriously.
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Old 31-12-2016, 13:34
Richard46
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Unsecured debt also reach its ever highest. https://www.google.co.uk/url?sa=t&rc...dhdkFSsnMckg1A.

Credit card debts hit a record high last month as Britons used the plastic to fund shopping more than ever before, according to Bank of England figures.

The unprecedented boom has been aided by credit card companies offering shoppers zero percent interest rates for periods of several years, in an intensely competitive race to win new customers.

British households have £66.2bn of credit card debt outstanding, a level that rose by £571m in the month.

Overall unsecured consumer credit grew by 10.5pc in the year to October, representing the strongest pace of growth since October 2005.
As I said unsecured debt is a different matter. I would question though whether credit card debt can be really be equated with true unsecured debt. For instance if every adult in the country had the same amount as myself on cards over Christmas then there would be a lot more 'credit card debt' than £66 bn. However I like many others who use credit cards for the sake of convenience and security have many times the cash in savings to pay these balances off completely monthly; as indeed I have done for the last 40 years.
My credit card 'debt' no doubt shows as part of total credit card debt but in reality it is just evidence of an administrative convenience. Perhaps just a sign that less and less people use cash and cheques?

Better evidence that unsecured debt has been increasing here;
http://www.thisismoney.co.uk/money/c...k-England.html

I blame low interest rates mainly.

Edit 'The value of household savings – including deposits, savings and pensions' are somewhere north of £3000bn. (in fact they where £3,545 billion in 2014 last figures I could find). £66bn is a drop in that Ocean.
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Old 31-12-2016, 13:36
Richard46
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It's entertaining that people are actually taking the OP seriously

This character has been done before in GD - and done better as well.
Ah Jemima how she (or he) is missed.
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Old 31-12-2016, 14:21
anne_666
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Watching a new item, never fails to amaze me especially over the Xmas, new year hols the number of people that can ill afford presents, parties spend on the credit cards, pay day outfits, etc, etc.

The vast majority of the time, these losers are in the lower social group and generally say, " my Jonny isn't going with ... as it's Chrizmas.."

Then you get the lot buying sofas, "buy now, pay later,2 and the "later" soon catches up.

In my judgement schools must educate the weak minded that one should try to run before they can walk and like most hard working, educated people, save up before you buy unless it's a property or business and in that case, most people will need a mortgage for their first property at least

My cars, dad's cars all bought for cash - my first car, bought for cash. I too wanted a new mercedes clk and loan, but my parents gave me a good tongue lashing and not looked back since

Ask yourself this, why buy a tv costs 800 quid and repay 2500??

I rest my case


https://www.ifs.org.uk/publications/3158

Pretend over-indulged and insecure middle aged children losers amuse me far more

Are we dealing with a PBU here then?
Several.
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Old 31-12-2016, 15:18
BelfastGuy125
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Imagine being lectured to like this on a forum.

Indeed OP, what has the world come to....
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Old 31-12-2016, 16:00
LakieLady
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The average total debt per household – including mortgages – was £55,855 in October.
I'm surprised it's as low as that, given the size of the mortgages people have these days.
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Old 31-12-2016, 16:01
LakieLady
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In my opinion, many of those that are "educated" may have higher debts as they may have more expensive tastes or to keep up with their peers who are higher earners.
And they're more likely to have big fat student loans to pay back!
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Old 31-12-2016, 16:04
Pink_Smurf
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Watching a new item, never fails to amaze me especially over the Xmas, new year hols the number of people that can ill afford presents, parties spend on the credit cards, pay day outfits, etc, etc.

The vast majority of the time, these losers are in the lower social group and generally say, " my Jonny isn't going with ... as it's Chrizmas.."

Then you get the lot buying sofas, "buy now, pay later,2 and the "later" soon catches up.

In my judgement schools must educate the weak minded that one should try to run before they can walk and like most hard working, educated people, save up before you buy unless it's a property or business and in that case, most people will need a mortgage for their first property at least

My cars, dad's cars all bought for cash - my first car, bought for cash. I too wanted a new mercedes clk and loan, but my parents gave me a good tongue lashing and not looked back since

Ask yourself this, why buy a tv costs 800 quid and repay 2500??

I rest my case


https://www.ifs.org.uk/publications/3158
What on earth? Bully for you. What do you mean by "losers in the lower social group" and where are you on this social ladder (according to you)? What a stupid thread OP. It's just a poor bashing effort and is in bad taste. Where would we all be without working class people who do all kinds of things to keep the country going? I wouldn't be surprised if you resent the sick and disabled who are unable to work too, you're the sort who would call the very sick or disabled "workshy".
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Old 31-12-2016, 16:11
soap-lea
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What on earth? Bully for you. What do you mean by "losers in the lower social group" and where are you on this social ladder (according to you)? What a stupid thread OP. It's just a poor bashing effort and is in bad taste. Where would we all be without working class people who do all kinds of things to keep the country going? I wouldn't be surprised if you resent the sick and disabled who are unable to work too, you're the sort who would call the very sick or disabled "workshy".
The OP comes across and writes like a young teen but other posts suggest they are in their 40's and live at home with their parents.

To be honest, if I were pretending to be something I am not I wouldn't choose the persona the OP has picked.

But it is really ironic that they are posting advice telling the "lower social classes" to walk before they can run and to stand on their own two feet and live on their means when they haven't even managed to leave home and stand on their own two feet!

But it must be acceptable when "daddy" pays for everything
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Old 31-12-2016, 16:13
LakieLady
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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!
We use our credit cards every now and again, or get something on interest-free credit, just so we have a decent credit score if we ever want another mortgage.

When I remortgaged to pay off my ex, although my credit was fine, my score was low because I'd had so little credit. It meant that were a couple of lenders who wouldn't consider lending to me!
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Old 31-12-2016, 16:24
Pink_Smurf
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The OP comes across and writes like a young teen but other posts suggest they are in their 40's and live at home with their parents.

To be honest, if I were pretending to be something I am not I wouldn't choose the persona the OP has picked.

But it is really ironic that they are posting advice telling the "lower social classes" to walk before they can run and to stand on their own two feet and live on their means when they haven't even managed to leave home and stand on their own two feet!

But it must be acceptable when "daddy" pays for everything
I just read "my dad says" this that and the other. Like you say she or he can't walk or stand on their own two feet let alone run. Anyone who is healthy and 40 and still relying on their parents for everything is more of a loser than the people she's criticising. It's shocking. She also needs English lessons. I would expect someone in the "upper social groups" to be able to spell.
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Old 31-12-2016, 16:26
LakieLady
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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.
A lot of high earners seem to regard bankruptcy as a business tool or occupational hazard.

My friend's husband has been bankrupt twice. The second time, he had a £100k a year salary but still managed to get hugely into debt by mismanaging two businesses he had in addition to his job, and by crazy spending (he took my friend on a really expensive trip to Dubai for her 40th when he owed creditors, including HMRC, hundreds of thousands).

He managed to do a deal with his employer whereby he ceased being a director, but kept his job, and less than 5 years on he's been reinstated as a director, they've just bought a £750k house and he's started another business.
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Old 31-12-2016, 16:35
LakieLady
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WTF???

I've never "strat nocted" anything in my life!



How about learning to spell and type before you start issuing unsolicited financial advice to people who are probably considerably older, wiser and have greater experience of real life than you?
For a brief moment, I thought that "strat nocte" was some obscure Latin phrase!

I also think FMs who can barely construct a sentence should think twice before they start using phrases like "sub educated" or whatever it was in one of the OP's early posts in this thread. It just makes them look ... a bit silly.
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