Why pay insurance when you can put the money away in savings
The quote mentioned £'000s. I'm assuming something catastrophic meant a lot of money.
We had one claim on our combined policy for the house/all risk/bikes/contents etc that was worth £4000. We're still ahead.
This whole savings thing is definitely overcooked. Even moving my £30,000 savings around I still don't make that much.
In fact taking inflation into account - it's dire.
Best return I had was to sign up to a £5000 managed account where they gave you £500 cashback. And then it returned 4.7%
does your approach include not letting your children experience new things so you can work less
Each to their own obviously. But this to a certain extent is a valid approach. Given the choice of working longer hours to provide all those extra curricula activities, or actually having some time to spend with my kids I'd choose the later. A walk in the country is largely free and something I'd enjoy aswell.
Not sure what your point is about childcare not being mandatory.
Child needs cared for by someone see you pay for it or one of you stops working but the child needs cared for by someone .
They don't NEED any of the stuff on your list.
But you have justified it to your self and that's cool. But its by no means the norm to have that extensive list of activities and be shelling out 500 a month for the privaledge that's your choice. ..... Do you ever see them ?
I do - in fact I am baking cakes with one of them right now (the other is at ballet lol)
They don’t NEED any of the stuff on your list.
But they do need TO BE cared for. Ffs grumble grumble
My parents were lucky, I was obsessed with BMX from age of 9 so spent all my time at the BMX track (riding to and from myself). Their only expense was a supply of seat posts and cranks which I kept bending.
Alpin – does your approach include not letting your children experience new things so you can work less because it would cost too much to pay for horse riding lessons as opposed to a bike for example?
My approach is very much based on not experiencing having children....
If it were to happen the last thing I'd want them doing is horse riding! Those things don't even have brakes (and are ruinously expensive!)
But, in my opinion as a parent, it isn’t for us to direct what a child should or shouldn’t do - rather we should give them all the opportunities we can afford them so they can find out what inspires them.
And if my daughter continues to enjoy her riding then when, aged 10, she can start to help out at the stables and get more opportunities to ride with no additional costs to us. At this stage there is no hope (despite her begging) that we can afford a horse of her own.
my point was £500 is bugger all compared to what I've been paying in.nursery so kids do get cheaper. when they are both in school even.if I was paying 500 for other stuff is be 1k better off pcm.
and i' d say steer them.away from horse riding. that way is ruinously expensive. family had a.couple as did.my sister who constantly complained about being skint....it would have been cheaper to run a Porsche.
We currently save £500 a month *just* to pay for the regular club fees for our girls – music (x2 piano, flute and drums), sports club, singing lessons, dancing, gymnastics, horse riding, art… And that’s before the clothes, books, tech, bikes etc etc etc.
I am am glad I’m not the only one who thought 😳😳😳😳😳😳 when I read that!
Kids are unbelievably spoilt nowadays. No wonder they are getting into debt when they leave home.
Kids are unbelievably spoilt nowadays. No wonder they are getting into debt when they leave home.
Why bother struggling to not be in debt? You get introduced to it at UNi then are saddled with loans (house,car etc) for the rest of your life. Debt is normal now
alternately life will be hard and dull when the kids grow up so why not let them have fun/experiences if you can afford it. There are no re runs on life
Kids are unbelievably spoilt nowadays.
What does that mean? That they are lesser people because they have piano lessons?
Why bother struggling to not be in debt?
It helps me sleep at night.
Couple live over the other side of our road. They came out having a blazing row. All I heard was the bloke saying “you never have any bloody money!” She then gets into her 50k pimped up Range Rover and roars off. I don’t know how much savings they have though.
and i’ d say steer <span class="skimlinks-unlinked">them.away</span> from horse riding. that way is ruinously expensive. family had a.couple as <span class="skimlinks-unlinked">did.my</span> sister who constantly complained about being skint….it would have been cheaper to run a Porsche.
At least when the horse croaks it, it will be a good time to get the BBQ out. A tasty, albeit expensive, meal.