Only at this late hour
Today Ive been cleaning out my shed. WAKE UP !!! And I happened to come across an old Building Society savings book that I used to have. In this book was a record of my savings and withdrawls from the time when I left school at 16 ,until about 10 years ago. Mmmm I had money when I lived at home, real money ! My biggest regret is that I DIDNT discover credit or loans sooner. If you take out a loan then your savings remain intact. Replacing them after buying an item such as a car never happens. If I had used credit I would still be well off today. Yes, credit is GOOD !!! Anyway, no use crying over spilt milk as they say... Oh, and savings interest was 7 % back then from what I remember. Of course this was from a time when was money worth saving !!
Yeah I also had money back then...since the economic crash jobs are unstable so typically I think most younger people especially go from job to job, you save a bit, then get laid off, use up that rainy day money, rinse and repeat, so it's difficult to save a large amount. Oh well, I guess the goal is to just keep trying to save, even if it's a little bit.
ReplyDeleteIt makes me mad when banks were bailed out by borrowing money from the government at 1% now my credit card interest is 20 % . My old account used to pay 7% , today its 1% . I guess having a stable job makes me privileged though. I sometimes forget that...
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