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Original poster

To ask you to talk frankly about money !

337 replies

Moneyexpose · 20/09/2015 18:27

I don't understand why on this site , and even in rl, people are so shy to talk about money. Including myself, hence the name change !

So I'm inviting everyone to talk money. Feel free to name change if you feel uncomfortable. I feel knowing where other people stand and how they live (e.g. budgets, priorities) can be helpful for everyone. I'll start ;

Have a bf, no children, 24 years old
Earn £48k a year
Live at home with my parents whilst I save up, so no rent. No car either.
Spend £330 a month on transport
Save £2.2k a month for deposit (the £200 may sometimes get spent so im not strict on that)
Have £300 disposable income
Priority order; a home, holidays, shopping, eating out (if im honest, this is probably first Blush )

I know I can't police it, but can this thread please be free from negative comments. Feel free to ask questions so people can also get ideas on how to maximise income, savings etc. And mainly, to satisfy our nosiness (I know I'm not alone !)

OP posts:
Bearbehind · 20/09/2015 18:45

I don't think people are afraid to talk about money on an anonymous forum.

I do wonder why someone who is 24, earns £48k and lives with mummy and daddy feels the need to start a thread like this though Hmm

The majority of the audience on here are as stretched financially as they will ever be- loss of income, childcare costs etc.

Perhaps pick your audience a little more sensitively.

You earn well over the national average wage and have no outgoings- that doesn't exactly make you someone most people on here can relate to.

Original poster
Moneyexpose · 20/09/2015 18:45

through I don't mind the comments - that's why I started the thread. But yes it's that fear that keeps me from talking about it in rl. I want it gone though - there's no shame in an any salary or how you choose to spend it. I was hoping people would be ok talking about it on a forum where no one knows them.

No, it's just the way my family is. I have an older sibling who also doesn't pay so I already know the family system.

York maybe but I have a couple of friends who just bought one and it's still dissapointment when that's all you're saving for, regardless of age, iyswim.

Thankyou to those who have shared !

OP posts:
RachelZoe · 20/09/2015 18:47

It's rude OP. Online is one thing, I don't see an issue within limite there, but in RL talking about how much you earn/what you have etc is not terribly polite, especially if you are fortunate, very gauche.

MaidOfStars · 20/09/2015 18:47

I don't believe lots of people are too shy to talk about money, I think many people are too discreet to talk about money.

There is a difference.

MaudGonneMad · 20/09/2015 18:48

yes it's that fear that keeps me from talking about it in rl.

Why do you want to talk about your large salary in rl?

Murfles · 20/09/2015 18:49

I've never had anyone ask me our salaries in RL. It's not something that's ever cross my mind to ask others either.

LineyReborn · 20/09/2015 18:51

Bloody he'll, Dawn, how are you actually going to manage with the college travel?

Chillyegg · 20/09/2015 18:51

tilts head why would you want to know ? I was brought up to never talk about money with stranger's so I won't be divulging. Bit of a rude question actually.
Also contribute something to your parents house thats disgusting that you don't pay anything.

LineyReborn · 20/09/2015 18:51

Sorry hell not he'll

Original poster
Moneyexpose · 20/09/2015 18:52

Maud in on my circle of uni friend, they talk about money freely (maybe because we talked about it before when we were starting off at work?) but I always feel very uncomfortable to share and it's getting noticed now.

I live rent free because my parents wouldn't accept it, even if I was a millionaire. I'm sure there are other people who live rent free at home.

I totally understand that there are people who don't earn as much as me, just ass there are people who earn more than me - why is only one group allowed to share ?

OP posts:
Usernamegone · 20/09/2015 18:52

Why do you not pay your parents anything to contribute towards rent, council tax, utility bills, food, etc? If not how will you learn to budget for these things?

Whilst it is very good you are saving for a deposit have you thought about having any other savings and investments? I note there are no pension contributions on your breakdown? Have you taken any financial advice?

Also, there are no student loan deductions on your break down? How did you pay for university (assuming you went)?

Have you ever lived alone and paid your own bills?

spoonfulofgoodness · 20/09/2015 18:52

I just don't like talking about salaries. It varies greatly from company to company and depends greatly on experience in my line of work so it can be hard to judge what people should be or are earning. From previous experience one party can end up pissed off when salaries come up so I just keep my trap shut Smile 48k at 24 is a lot of money! If have been a partied out wreck at that age if I earned that money at that age! Lol

Wombatinabathhat · 20/09/2015 18:53

I don't believe lots of people are too shy to talk about money, I think many people are too discreet to talk about money.

This

How does me talking about how much I earn, save and spend help anyone else? Anonymous or not

Original poster
Moneyexpose · 20/09/2015 18:53

For those participating, at what stage did you move in with your partners and did you find that it was a good decision, financially?

OP posts:
ImperialBlether · 20/09/2015 18:54

As the parent of a child your age, believe me, offended is the last thing I'd feel if you offered to pay some rent!

Please tell us that you at least buy a case of wine every now and then or join up with your sister to treat them to a holiday or take them out for a meal every week.

LeaveMyWingsBehindMe · 20/09/2015 18:54

What is it you want to talk about exactly? Confused

What does it achieve to just blurt out how much you earn and your age?

I am genuinely interested to know what you wanted to learn or achieve by starting this thread.

It's all about context. if people talk about their income because it's relevant to something, that's fine. But just talking about it for the sake of disclosure is crass.

Murfles · 20/09/2015 18:54

money. All 4 of our adult children still live at home, they've all offered to pay rent though even although 3 of them are still at Uni.

NerrSnerr · 20/09/2015 18:55

OP- it just sounds like a brag though. Most people will share info on here if they have a problem with money or need help with budgeting, not just to shout. 'I earn loads, pay no rent and save thousands a month'. I don't get why you feel the need to share this.

I assume you contribute other ways in your home though? Pay for some shopping, cook for the family and things?

VimFuego101 · 20/09/2015 18:55

I'd NC too if I earned 48k and lived with my parents for free. I don't understand why you feel people should discuss their salaries and finances with you.

StillRaving · 20/09/2015 18:56

Why start a thread ?

Blackcloudsbrightsky · 20/09/2015 18:56

We are in a strong financial position but we always fall out about it!

DH is the son of a taxi driver and a dinner lady. They never had much. He grew up in a council house and money was always tight.

I am the daughter of a headteacher and a PA who had me late in life after cot death and numerous miscarriages.

You can see where the discord comes in.

m0therofdragons · 20/09/2015 18:57

I don't talk about salaries with friends because it doesn't matter what their employer values them at I value them equally. My closest friend and I have skirted round salaries and we know we roughly earn the same but my mortgage is less and I have an extra child. She has no savings but 2 holidays a year. We have savings and one holiday a year.

Original poster
Moneyexpose · 20/09/2015 18:57

username I lived alone at university (so did budgeting there and paid bills) and I , luckily, don't have any student loans to pay off. No I have not taken financial advice - my main focus has just been on saving for a home.

Again, don't pay rent because they refuse it from their children. Sorry if that bothers you but they just want me to save for a house.

spoonful haha luckily I don't like clubs.

OP posts:
MaidOfStars · 20/09/2015 18:57

at what stage did you move in with your partners and did you find that it was a good decision, financially?

It's unlikely to be the best financial decision for you.....

CuntWagon · 20/09/2015 18:58

Ha! Your last post makes me think you are a daily mail journalist. Go away.