To ask my parents for financial help

Sorry meant to say picked myself up by 26

You're only 24 give yourself a break. I had a mental breakdown at 24 then was fine at 26

It depends on your parents circumstances. They are already subsidising you be providing accommodation, food and electricity, gas and water. What do students do whose parents can't do that? I couldn't afford to do it for my dc as I'm on universal credit. When ds comes home from university he has to get a job to help me pay for extra food etc. I only ask for £30 a week during the small vacations but I do need it.

Honestly some of you don't Know what you are talking about - how about supporting/offering help to her rather than banging on about why is she funding , etc. My son worked in a law firm as Para Legal and funded his own Masters. He is now doing his TC but still gets paid not a lot more than when he was a PL. As soon as he qualities this will go up significantly. Try and get your facts right and she isnt asking for advice on mimimum wage or what she should or shouldnt be earning but rather whether she is being unreasonable to ask her parents for help, which if they are open to and can then she is not. She has a plan to pay it back. Well done Op and hope everything works out well and you go on to soar!

I wouldn't be worrying about saving for now, as others have said, you'll have a good salary soon and you can make up for it. Could you look at getting a professional development loan to cover your course?

Good luck OP. I’ve been where you are and it’s tough. Worth it in the end but still tough and much tougher than most people expect who haven’t experienced it. 💕

You didn't need to send that but I'm even more impressed now.
Since another poster mentioned tax..
If they are in a position to do so, they are allowed to gift £3000 in any tax year to you (or any siblings)with no tax implications. It might (depending on their tax status) save them money. If they use an accountant they could advise them on that

I'm also confused about what the OP says. OP, you must know the cost of your course and how much the exams will cost? These things are not kept secret, students are told and warned that the fees are likely to increase each year. Surely there's also a list of the exam centres, so you could work out roughly how much it would cost to travel to an (nearest) exam centre? And how much are you putting into "savings" - and can you afford to do so while you are studying? Have you investigated whether you're entitled to any help with fees/exam fees? If not, why not? Do you have a holiday job to earn a bit more?

It sounds like you are trying to do too much with your salary when you are still starting out/not fully qualified.

It's good you are asking for help. But be realistic with your money.
Your salary needs to cover

1. Travel to work
2. Socialising
3. Repayment of loan at a rate that is reasonable (£100 a month is fine, then £200 once you've qualified and earning more)
4. Living expenses like clothing, food, toiletries and so on
5. If anything left over, save it. Don't cripple yourself with savings right now.

I have no clue about law and exams. But just remember you don't have to pay for hotels and laptops all at once right now.

You have come across as someone trying so hard to be financially responsible and doing everything on their own that you've forgotten that life doesn't have to be a struggle - ease up on yourself a little. Take some time away from studying - relaxing for an evening or weekend away from the books makes you more likely to be able to focus and study another day.

My sister failed professional exams twice. She basically stopped seeing her friends and punished herself every night with the course books and it badly backfired. Third time around she out less pressure on herself and passed.

Hope it goes well with your parents. Good luck for the future too!

We funded our daughter for her MA and she has now qualified in a decent profession. Absolutely money well spent which we were glad to do .
Definitely ask for help and hopefully they will be happy to accommodate.
You are not a failure!

I hope your chat goes well, OP. Try not to focus on the responses from the posters who are relishing calling you 'foolish' when they don't know your situation, and trying to make you feel less than. You're working towards a career and you shouldn't be struggling to the point where you have nothing left each month because the next expense would tip you over.

I suspect your parents know fine well that you're short of money but as you've never said, and they're only charging you/or you're giving them £75 per month, it shouldn't come as a surprise that you need a helping hand.

Good luck, be methodical with your figures as you have been and best wishes to you.

You seem lovely, and very considerate of your parents. I'm sure they will want to help you. My kids are teens but once they're at uni etc, I will always help them out however I can. I'd hate to think of them worrying over money like you have been doing. I'm not massively financially well off myself but I'd always want to help my kids. I hope the conversation goes well with your parents and they're able to help you!

You nake downpayments on physical items, not on loans. It makes no sense to make a downpayment on money.

Back in the day it was also very common to be paid law society minimum as a trainee. I was paid £10,250 a year.

And also your parents to help look at your budget, as well as asking for the loan. There may well be areas you can improve (like cancelling Spotify).

*Myotheripodisayoto · Today 09:05

Literally the only person i know who self funded their law school never got a training contract. It had been a complete waste of 10k.*

Back in my day if you didn't go to a large firm which covered your fees you got a career development loan. You then paid that back once you qualified. It was very common.

So I self funded. I now earn £350k a year. So I'm pretty sure it wasn't a complete waste of £10k. HTH.

Honestly, i know i might come across as blunt, but its a simple maths question.

If you have incurred a lot of debt to take a degree, study for SQE/LPC, you are not getting any return on that investment if you then go and work earning minimum wage.

The kind of firm that's paying a graduate minimum wage, you have to ask yourself, if the long term earning potential there is going to actually repay the time & money you've invested to get qualified.

It saddens me to see people selling themselves short. No graduate should be accepting minimum wage work as anything more than a stop gap.

I don't understand your first line - why is the 1st month's repayment larger? Wouldn't it make more sense to just borrow £250 less, rather than borrowing it and then paying it straight back?