A Healthy Attitude To Saving

It sounds like the younger generations have a sensible
approach to saving these days. I am 35
so well out of the 18-24 year old category mentioned on the Scottish
Friendly website but I still remember being that age. I went to university and I think I was doing
more of the raving and less of the saving mentioned in their post! Planning for the future for me back then
involved checking out the best watering hole to meet up with friends or finding
out the latest event happening in the local nightclub, it never occurred to me
to actually put some money away. I was
living on super noodles and any spare cash went straight behind the bar…

Now
I am older (and hopefully a little wiser) I wish I had saved more. Despite money being incredibly tight all
those years back I could have spent less on socialising and squirreled some
away I am sure. The results are
reassuring though, hopefully with so many young adults saving money my boys
will eventually follow suit when its there time to head out into the big wide
world.

Jobs
are harder to come by and sadly it can be a real challenge getting on the
property ladder so any nest egg will always help you when you need it
most. The boys do have piggy banks now
so I am hoping that gives them an insight into the benefits of not spending
every penny they have, they can save for things they really need rather than
splurge on sweets!

If
I had treated those days at university differently and earmarked some of my
money for savings I would not be in such a pickle now facing all this expensive
building work. I would have been more
financially sound instead of juggling bank accounts, counting down the days
till payday and of course relying on the bank of mum and dad. Where would we be without the help of our
parents, I am firmly with the 44% of 18-24 year olds in that respect, they have
made buying our new house a reality.

The
disposable income index Scottish
Friendly commissioned showed on average they had managed to save £3,200, I
think this is very impressive and right now would make a huge difference to us
in our new house. Hubbie never went to
university but he managed to spend any extra money he had on technology and gadgets,
he was a gamer at heart so he overdid it with anything to do with
computers. I am relieved to say that
these days our attitude to money is much more healthy, I rarely spend on myself
and socialising of an evening is a thing of the past with young children. Once we get over this little hiccup of
renovating a bigger house I will start saving in earnest.

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