To cancel my guardian supportership

[SmallBuisnessOwner]

www.google.co.uk/amp/s/amp.theguardian.com/money/2018/jan/29/can-you-really-save-for-a-deposit-by-ditching-coffee-and-avocado-toast-i-tried-to-find-out

Ridiculous story's like this of someone 26 with a well paid job working in the media and London spends over 500 a year on coffee. Outside London I don't know anyone like this. Most go out once a week to the pub and get a cheap takeaway occasionally as a treat. I don't think articles like this help anyone.

I agree it is totally ridiculous and I don't know anyone who spends so frivolously either. I am a 'millennial' too and it is shit like this that reinforce the stereotypes of irresponsible, extravagant spending. She sounds like a nob.

The article has a point. I think there are plenty of people who buy a coffee on their way to work in the morning. Nothing wrong with that if you can afford it. One of my DDs does similar. She buy's a bottle of not cheap water every single day. It's her money - but if I was living at my parents trying to save for a house deposit I know I'd have my deposit a whole lot quicker if I stopped spending money on nothingness.

I'm not sure there is that many people spending thousand a month on discretionary spending. Those that do are probably very aware.

How much exactly is a bottle of expensive water a day? Is that one luxury to help get through the day?

How will that help much if the averwge house rises 10% in price each year?

reductress.com/post/woman-who-stopped-buying-coffee-still-suffering-from-intergenerational-poverty/

Saving to buy a house has always taken a lot more than giving up coffee and meals out. My parents were the first in the family to buy a house. They were in their 40s before they'd saved enough for a deposit. My generation managed it probably a decade earlier, but it still needed hard saving and a frugal lifestyle. Little luxuries add up.

Martin Lewis is giving her some good advice. She has no dependants and an above ave salary, but she's not taking saving seriously and frittering away her sizeable disposable income on froth.

Bloody millenials, walking around like they rent the place.

I used to buy lunch, now I wouldn't dream of it, but I think there is a culture of coffee buying currently

Haven't read the article, but from your answers I can gather what it's about. You have to give up a lot. I bought a house when I was 25 in the SE, but to do that I had to work 2 jobs (office 8-4, bar 5-12). It was bloody hard. It was only 12 years ago, so not an awful long time. I have friends that want to buy yet don't really want to change their lifestyles. They could save more if they wanted to, but they chose not to.

Oh btw, I have had many conversations with them about it, so that's how I know they could.

The article has a point. I think there are plenty of people who buy a coffee on their way to work in the morning. Nothing wrong with that if you can afford it. One of my DDs does similar. She buy's a bottle of not cheap water every single day. It's her money - but if I was living at my parents trying to save for a house deposit I know I'd have my deposit a whole lot quicker if I stopped spending money on nothingness.

Even if you spent £500 a year on coffee, how long would it take to save up the average London deposit of £50,000-60,000?

Yes, if you saved that £500 a year instead, it would still take you 100 years to save up - just for the deposit!

Now, how long would you need to give up nice coffees for to buy the whole £500k house.....?

Er.....

And boomers wonder why young people might feel that they'll throw caution to the winds for that flat white or a bottle of "NOT CHEAP" (!) mineral water. Hell, why not go the whole hog and have an avocado toast whilst looking at your iPhone. Just to throw away those savings plans and live dangerously a little, you know.

She only has 8k left of her student loan?! So she took out nothing for living costs or earns LOADS

Saving to buy a house has always taken a lot more than giving up coffee and meals out. My parents were the first in the family to buy a house. They were in their 40s before they'd saved enough for a deposit. My generation managed it probably a decade earlier, but it still needed hard saving and a frugal lifestyle.

And not at all to do with the fact that housing has nearly quintupled in real terms during the last 20-30 years whilst wages have stagnated during the same period?

YetAnotherUser

Ha! I'm stealing that, aha

Ha, you think that's bad? They did a story at the weekend about a trans woman wanting into a women's prison from the poor suffering trans woman perspective.

They forgot to mention the bit where the trans woman is a registered sex offender who was imprisoned for breaking into houses and wanking into teenage girls underwear.

It's a bad as the mail now.

That article was absolute gubbins.
The thing that shocked me the most is that she earns 35-40k writing shite like that.

I read the guardian daily, but thinking of switching now.

I bought/read the Guardian daily for about a decade, but the last few years... I never read it now.

Bad case study, good point. (See PP about coffee and inter generational wealth).
The writer of the article could easily be able to save £400 - £600 pcm. That would very quickly add up. Journalist should be doing this now before other restrictions are in her life.

that article just had a horrible agenda

of course she could save a lot in her situation and she blatantly chooses not to.

that said, there's a million other reasons to cancel supportership of the guardian!

I read the article, it wasn't just about coffee. The journalist in question who wanted to buy a house spent a lot of money on meals out, lunch in the work canteen, rounds of drinks and an expensive gym membership. It all adds up. When I was in my twenties I always took a packed lunch to work, seldom bought coffee or water etc. and my generation tended to have a couple of pints out but cooked at home rather than constantly going out for meals.

Surely that article has been designed so people share it in outrage and generate more advertising revenue?

It’s like a left-leaning middle-class Samantha Brick or Katie Hopkins article.

So sick of this narrative. If it's not coffee, it's smartphones.

The problem is the whole approach. Housing affordability is a market issue - it is inherently STRUCTURAL not PERSONAL. There is loads of data to support the idea that house prices now make up far more of a multiple of the average wage than they did 30-40 years ago, yet there's always someone comes along on these threads and basically denies all the evidence to maintain that there wouldn't be a crisis if millennials were only better at managing money.

What's the point in saving for something that you'll never be able to afford even if you save for 60 years?

and that's why they buy the coffee...

I just did a quick add up and I spend £350 year in coffee buying two a week on London. It's easily done and yes frivolous so I'm cutting back but it's a bit of a stretch to say 'no-one' lives like that!

The Guardian is a comic these days. There was an article the other week by a young woman who felt her trip to Sri Lanka was marred by millenials instagramming everything around her.

She herself instagrammed her holiday multiple times each day.

What a monumentally stupid article.

As if millennials don't get enough shit to deal with, and enough bashing.... (lazy, privileged, snowflakes, lefties, tofu-munching, tree-hugging, corbynites yada yada,) you get some soft twat like this silly woman producing a wank-inducing article like this.

The guardian is fast becoming a piece of shit.