SiLvOR Posted May 21, 2013 Share Posted May 21, 2013 People spending more than their means is something I'll never understand. I can't even begin to understand people who take out finance on cars. I agree with half of that. Why doesn't finance for cars make sense to you? Well I use the example of my Dad. Took finance out for a car he couldn't afford, the monthly payments were far too much and in turn it made us struggle for ages. I'm of the view that if you want something, save up for it and pay it off in one lump sum, therefore no worries. Well that goes back to him spending more than he could afford, the finance is neither here nor there. As I said, generally I agree with you but expecting people to save up tens of thousands of pounds is a bit unrealistic. Cars and houses are fair game. I saved for my RX-8 Nah I totally get it for the houses, but I think for cars there are plenty of choices out there that won't break the bank. I think we'll agree to disagree with that bit! Link to post Share on other sites More sharing options...
TheGuv Posted May 21, 2013 Share Posted May 21, 2013 People spending more than their means is something I'll never understand. I can't even begin to understand people who take out finance on cars. I agree with half of that. Why doesn't finance for cars make sense to you? Well I use the example of my Dad. Took finance out for a car he couldn't afford, the monthly payments were far too much and in turn it made us struggle for ages. I'm of the view that if you want something, save up for it and pay it off in one lump sum, therefore no worries. Well that goes back to him spending more than he could afford, the finance is neither here nor there. As I said, generally I agree with you but expecting people to save up tens of thousands of pounds is a bit unrealistic. Cars and houses are fair game. I saved for my RX-8 Nah I totally get it for the houses, but I think for cars there are plenty of choices out there that won't break the bank. I think we'll agree to disagree with that bit! Agree. Defo on cars. If you only have £1500 to buy a car, buy a £1500 car. Link to post Share on other sites More sharing options...
pi_D Posted May 21, 2013 Share Posted May 21, 2013 People spending more than their means is something I'll never understand. I can't even begin to understand people who take out finance on cars. I agree with half of that. Why doesn't finance for cars make sense to you? Well I use the example of my Dad. Took finance out for a car he couldn't afford, the monthly payments were far too much and in turn it made us struggle for ages. I'm of the view that if you want something, save up for it and pay it off in one lump sum, therefore no worries. Well that goes back to him spending more than he could afford, the finance is neither here nor there. As I said, generally I agree with you but expecting people to save up tens of thousands of pounds is a bit unrealistic. Cars and houses are fair game. I saved for my RX-8 Nah I totally get it for the houses, but I think for cars there are plenty of choices out there that won't break the bank. I think we'll agree to disagree with that bit! Agree. Defo on cars. If you only have £1500 to buy a car, buy a £1500 car. Link to post Share on other sites More sharing options...
ponsaelius Posted May 21, 2013 Share Posted May 21, 2013 Hopefully Wonga can wave their magic wand of removal on Pardew next Link to post Share on other sites More sharing options...
Guest neesy111 Posted May 21, 2013 Share Posted May 21, 2013 I disagree with that on Cars. It's credit cards etc that are the biggest problems, Cars loans are generally fine. Link to post Share on other sites More sharing options...
Dr Venkman Posted May 21, 2013 Share Posted May 21, 2013 Financial management should be taught at school. Would stop a number of people getting into trouble immediately. Maths? Some good news Link to post Share on other sites More sharing options...
SEMTEX Posted May 21, 2013 Share Posted May 21, 2013 It's not always cost effective to buy a cheap car over a newer financed car tbh, given the potential savings on upkeep, and the cost of buying another cheap car after the first one goes tits up after a year. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted May 21, 2013 Share Posted May 21, 2013 People spending more than their means is something I'll never understand. I can't even begin to understand people who take out finance on cars. I agree with half of that. Why doesn't finance for cars make sense to you? Well I use the example of my Dad. Took finance out for a car he couldn't afford, the monthly payments were far too much and in turn it made us struggle for ages. I'm of the view that if you want something, save up for it and pay it off in one lump sum, therefore no worries. Well that goes back to him spending more than he could afford, the finance is neither here nor there. As I said, generally I agree with you but expecting people to save up tens of thousands of pounds is a bit unrealistic. Cars and houses are fair game. I saved for my RX-8 Nah I totally get it for the houses, but I think for cars there are plenty of choices out there that won't break the bank. I think we'll agree to disagree with that bit! Agree. Defo on cars. If you only have £1500 to buy a car, buy a £1500 car. Not sure to be honest. I bought my Smart on credit and I've loved every minute of driving it. The repayments were easily affordable. Link to post Share on other sites More sharing options...
Guest neesy111 Posted May 21, 2013 Share Posted May 21, 2013 Financial management should be taught at school. Would stop a number of people getting into trouble immediately. Maths? Some good news When is APR etc taught in maths, I'd bet quite a few people coming out of school don't understand anything to do with terms like that. Link to post Share on other sites More sharing options...
Benwell Lad Posted May 21, 2013 Share Posted May 21, 2013 People spending more than their means is something I'll never understand. I can't even begin to understand people who take out finance on cars. I can easily understand that - a car is a single, usually high value purchase for which the vast majority of people would struggle to find the cash in one lump. Like a house, for example. The high interest rate loans thing is a totally different kettle of fish because it targets the vulnerable, financially troubled sectors of society by dangling the option of very fast availability of cash, at an exorbitant interest rate. Kind of ironic, given the fact that the most financially prudent of us can't generate any income from savings because, errrm, the interest rate is so low. Good point re booze companies and gambling operations sponsoring football clubs by Benwell Lad, but I was actually talking about Wonga in a non football sponsorship sense. It's a commonly used argument against pay day loan companies but isn't it just as likely to be a trendy wannabee who wants a new pair of Armani Jeans to go out in on Friday night and can't wait until pay day ? Link to post Share on other sites More sharing options...
Guest neesy111 Posted May 21, 2013 Share Posted May 21, 2013 People spending more than their means is something I'll never understand. I can't even begin to understand people who take out finance on cars. I agree with half of that. Why doesn't finance for cars make sense to you? Well I use the example of my Dad. Took finance out for a car he couldn't afford, the monthly payments were far too much and in turn it made us struggle for ages. I'm of the view that if you want something, save up for it and pay it off in one lump sum, therefore no worries. Well that goes back to him spending more than he could afford, the finance is neither here nor there. As I said, generally I agree with you but expecting people to save up tens of thousands of pounds is a bit unrealistic. Cars and houses are fair game. I saved for my RX-8 Nah I totally get it for the houses, but I think for cars there are plenty of choices out there that won't break the bank. I think we'll agree to disagree with that bit! Agree. Defo on cars. If you only have £1500 to buy a car, buy a £1500 car. Not sure to be honest. I bought my Smart on credit and I've loved every minute of driving it. The repayments were easily affordable. Exactly. What about people who need a car for work but don't have the immediate finance to buy a new one etc. Link to post Share on other sites More sharing options...
Super Duper Branko Strupar Posted May 21, 2013 Share Posted May 21, 2013 Financial management should be taught at school. Would stop a number of people getting into trouble immediately. Maths? Some good news When is APR etc taught in maths, I'd bet quite a few people coming out of school don't understand anything to do with terms like that. Anyone who leaves school at 16 who can't fathom out what Annual Percentage Rate is needs burying alive. Link to post Share on other sites More sharing options...
Dr Venkman Posted May 21, 2013 Share Posted May 21, 2013 Financial management should be taught at school. Would stop a number of people getting into trouble immediately. Maths? Some good news When is APR etc taught in maths, I'd bet quite a few people coming out of school don't understand anything to do with terms like that. Yeah I know I'm just kidding, there should be some of it taught. Link to post Share on other sites More sharing options...
Guest neesy111 Posted May 21, 2013 Share Posted May 21, 2013 Financial management should be taught at school. Would stop a number of people getting into trouble immediately. Maths? Some good news When is APR etc taught in maths, I'd bet quite a few people coming out of school don't understand anything to do with terms like that. Anyone who leaves school at 16 who can't fathom out what Annual Percentage Rate is needs burying alive. Link to post Share on other sites More sharing options...
SEMTEX Posted May 21, 2013 Share Posted May 21, 2013 You've just killed off about 60% of the population. Link to post Share on other sites More sharing options...
Interpolic Posted May 21, 2013 Share Posted May 21, 2013 neesy's right like, a bit of brainwashing in school would do some kids the world of good. I was meant to be vaguely bright and it didn't stop me being shit with money when I went to University. Would have been nice to have had a few tips and preparation at least. Link to post Share on other sites More sharing options...
Super Duper Branko Strupar Posted May 21, 2013 Share Posted May 21, 2013 You've just killed off about 60% of the population. Good! Link to post Share on other sites More sharing options...
SiLvOR Posted May 21, 2013 Share Posted May 21, 2013 The whole school system needs reviewing in my eyes, but that's a whooole other debate. Glad Wonga are painting over that hideous logo though, to get back on topic Link to post Share on other sites More sharing options...
ponsaelius Posted May 21, 2013 Share Posted May 21, 2013 It always puzzled me why personal finance wasn't taught in schools. That and a brief rundown of politics in this country. Seem like vital life skills to me when you're dumped into the real world. Link to post Share on other sites More sharing options...
Guest Slippery Sam Posted May 21, 2013 Share Posted May 21, 2013 Imagine if it gets replaced by a big f***ing Wonga sign. They said it's 'going back to its former glory' so no need to worry. They're taking the fucking roof off!!!!!!!!!!!!!!!!!!!!!!!!!! Link to post Share on other sites More sharing options...
The College Dropout Posted May 21, 2013 Share Posted May 21, 2013 You learn nothing about tax and financial management at school. Link to post Share on other sites More sharing options...
Interpolic Posted May 21, 2013 Share Posted May 21, 2013 It always puzzled me why personal finance wasn't taught in schools. That and a brief rundown of politics in this country. Seem like vital life skills to me when you're dumped into the real world. Especially when numerous hours are devoted to PSE and General Studies and the like, could just bung this sort of stuff on the end of that syllabus. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted May 21, 2013 Share Posted May 21, 2013 While they are at it can they give the whole of the stadium a new lick of paint too... Link to post Share on other sites More sharing options...
LRD Posted May 21, 2013 Share Posted May 21, 2013 While they are at it can they give the whole of the stadium a new lick of paint too... Don't tempt it. You know it will come out in SD colours. Link to post Share on other sites More sharing options...
Guest neesy111 Posted May 21, 2013 Share Posted May 21, 2013 While they are at it can they give the whole of the stadium a new lick of paint too... I'd rather they spent that on some new players tbh. Link to post Share on other sites More sharing options...
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