Managing My Money for Young Adults - free online course

Blanks

Regular member
Site Supporter
Joined
Jul 20, 2016
Messages
1,756
No replies, thats because the last thing young adults are interested in these days is a sensible approach to money.
 

Neil ofthe nene

Regular member
Site Supporter
Joined
May 4, 2009
Messages
19,356
Only because they are not taught about it by their parents. I used to discuss finance with my children around the dinner table. As soon as my son joined the army 15 years ago he started saving into two ISAs and a building society account. He is about to buy his second house.

We can educate the young if only one step at a time. Without taking the first step we will never achieve anything.

I didn't expect replies, nothing to discuss. Just a heads up for responsible parents that a resource exists.
 

neil fallows

Site Supporter
Site Supporter
Joined
May 4, 2003
Messages
7,924
Neil we were the same with our son and also discussed how important to pay maximum in to your pension.
At 21 he's got a deposit for a house and still saving.
I used to love putting my money in the bank and watching the interest be added. Always saved hard and it paid off by retiring at 55.
Like you say it's a very important issue.
 

rudd

Regular member
Joined
Jan 19, 2013
Messages
2,350
My eldest is at college studying business and youngest starts her last GCSE year after this summer.
School has taught them very little life skills but plenty of bull.
Unfortunately most people who teach are of the socialist nature and spend to much time drumming politcs of a socialist nature into our students heads, this includes the view that the state should pay for further education and any money they have should support their lifestyle which should match those who can afford it.
Over the years as a manager and consultant I have watched students arrive at businesses with socialist views and debt then watched their view change as they realise that hard work pays off and that the real world really is a big financial driven animal.
The education system needs to drop all the PC junk they try to teach and concentrate on life skills.
My children learnt more about Johns right to be called Joan and why Mo can turn his house into a Mosque rather that about how the real world works.
 

lp1886

Regular member
Joined
Jun 14, 2006
Messages
2,214
They should most definitely teach about money as part of the maths curriculum. I am not very money savvy, especially when it comes to paying my mortgage off. I received some advice recently which will save me nearly £300 per month on my mortgage payments, and if I had this advice 7 years ago then I would only be 12 years away from paying the mortgage off at the age of 45. There are too many people these days that borrow more than they can afford because of the ‘want it now’ attitude.
 

mickthechippy

space cadet
Site Supporter
Joined
Apr 23, 2008
Messages
9,686
being brought up poor (by todays standards)

taught me all I needed to know about managing my money and avoiding debt

the problem is no one, not even the poorest is actually poor anymore
 

Total

Regular member
Site Supporter
Joined
Feb 25, 2016
Messages
7,050
Have they stopped "pinging" you now Mick?:unsure: :D:giggle:
 

Dusty Rhodes

Regular member
Joined
Jan 16, 2019
Messages
888
Maybe I’m being ignorant but I struggle to see how grown adults are incapable of managing their finances. It’s not just young people either, I know no end of people in their 40s/50s who are hopeless with money.
 

emmaemma

Regular member
Site Supporter
Joined
May 27, 2010
Messages
1,456
being brought up poor (by todays standards)

taught me all I needed to know about managing my money and avoiding debt

the problem is no one, not even the poorest is actually poor anymore
so for all the bleating about this government or that government party being the evil force, you are telling me we are all richer than we were when you were a whippersnapper. It seems like it matters not a jot who is in power. And it really does not matter. Its like football, it does not matter who is the best team if you have no interest in football anyway................
 

mickthechippy

space cadet
Site Supporter
Joined
Apr 23, 2008
Messages
9,686
Poverty, is not rated as it once was

Poverty when I was a child, meant your mum going without so she could feed her kids, wearing 2nd hand clothes from a jumble sale or your elders hand you downs, being cold in the winter, not just oow a bit chilly, you walked everywhere, et al

things have changed since the late 50's-early 60's, living standards have improved, there are far more safety nets now

now whoever is responsible for that, you can make up your own mind, you dont need me to tell you owt

these days poverty is ranked by not having an i-phone 10, the latest trainers, an overseas holiday,
 

rudd

Regular member
Joined
Jan 19, 2013
Messages
2,350
Poverty, is not rated as it once was

Poverty when I was a child, meant your mum going without so she could feed her kids, wearing 2nd hand clothes from a jumble sale or your elders hand you downs, being cold in the winter, not just oow a bit chilly, you walked everywhere, et al

things have changed since the late 50's-early 60's, living standards have improved, there are far more safety nets now

now whoever is responsible for that, you can make up your own mind, you dont need me to tell you owt

these days poverty is ranked by not having an i-phone 10, the latest trainers, an overseas holiday,
You missed Sky or BT, internet access and three or four takeaways / McDonald's a week.
Some even manage a £40 spot of weed and at least two pee ups a week.
 

Top