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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To think this saying is so true!!

18 replies

Childcar1 · 15/08/2019 11:48

I definitely think this is true!! I have a friend who at 18 won a claim for 40k and at 33 had a tax refund of 12k!! She has absolutely NOTHING to show for it!! She didn’t even learn to drive or buy herself a car!!! It baffles me...soo saw this quote and thought it is SO TRUE!!

To think this saying is so true!!
OP posts:
PawPawNoodle · 15/08/2019 11:50

I'm sorry that you're jealous of your friend getting a bit of money.

Original poster
Childcar1 · 15/08/2019 11:51

@PolPotNoodle not jealous at all, I have my own money, and a house and car. I feel sad for her to be honest!

OP posts:
GreenTulips · 15/08/2019 11:52

I’ve known a few lottery winners who just spend it all on crap.

No savings No home or anything worth selling.

So yes I think you’re right

PawPawNoodle · 15/08/2019 11:54

Ok, I'm sorry that you're incredibly judgemental of your friend and have opinions on her personal financial decisions that have nothing to do with you.

And since this is AIBU - you are. The quote is accurate and opens a discussion on how to assist others in making sound fiscal decisions however you are ignorant and sanctimonious.

Original poster
Childcar1 · 15/08/2019 11:55

@GreenTulips I have heard that is so common!! 😮

OP posts:
Original poster
Childcar1 · 15/08/2019 11:58

@PolPotNoodle well that’s ok if you think that but even she complains and admits she should have managed it better!! She complains about money A LOT!! It’s not judging if it’s true!!

OP posts:
OhMsBeliever · 15/08/2019 12:08

Oh god, this is me. Blush

I had £48k from a house sale and gone within a year. Nothing to show for it.

I was quite young though, it was nearly 20 years ago, so I like to think I'd be better when I finally win millions on the lottery. Grin

But judging by my crap budgeting skills probably not. Oh well, I'll have fun spending it.

Bezalelle · 15/08/2019 12:08

What a horrible, smug statement! Why even bother saying it?

Original poster
Childcar1 · 15/08/2019 12:10

@Bezalelle I saw it on a SM account I didn’t make it up!!

OP posts:
AnchorDownDeepBreath · 15/08/2019 12:22

It's meaningless.

If you can't manage money, you can't manage money. You learn too; either because your parents teach you or when you start making your own money.

Plenty of lottery winners do waste it all, plenty of people with high salaries waste it all, as do people with small ones, and inheritances. And plenty of people with all of those things also spend wisely and use it to work less.

It's got about the same profoundness to it as someone posting that newborns can't do maths.

Vasya · 15/08/2019 12:28

You're right that money management and having enough money aren't the same thing. Some people have a lot of money available to them and fritter it away. Some people come into very little money but manage it in a way that means they are comfortable.

Financial management should honestly be taught to all school children throughout their school careers, it's so important.

OhMsBeliever · 15/08/2019 12:33

Yes, I definitely think it's something that should be taught in schools.

My parents were awful for being in debt and getting loans to pay off credit cards to pay off loans to pay off credit cards in a vicious circle for life.

So they certainly didn't teach me how to budget/save etc.

And I may have made a flippant joke about being crap at budgeting but I don't have an overdraft or credit cards so if I can't afford it I don't buy it. I have some small savings which I'm always dipping into and then putting back though, which I shouldn't really do.

ScreamingValenta · 15/08/2019 12:37

The saying is stating the obvious.

DonnaDarko · 15/08/2019 12:46

Ok, I'm sorry that you're incredibly judgemental of your friend and have opinions on her personal financial decisions that have nothing to do with you.

And since this is AIBU - you are. The quote is accurate and opens a discussion on how to assist others in making sound fiscal decisions however you are ignorant and sanctimonious.

Everything I wanted to say but much more eloquently.

Also, it's none of your business

Also I think the vast majority of people at 18 would go through 40k very quickly. I know I certainly would have. I only actually learned to manage my money when I found out I was pregnant, over 4 years ago.

MisterOnion · 15/08/2019 14:46

I wasn't great with money, but have never known any better with all my family being terrible.

I had a claim for 8k and blew it all when I was 19. That being said, in my family I am the best with money.

Now I'm a mother to two and I am so much better. Some follow in footsteps and some learn their own way in spite of past.

Elliebellbell · 15/08/2019 15:00

Dr Phil used to say "you don't solve money problems with money"

Then he'd chuck money at people....

Ponoka7 · 15/08/2019 15:01

I agree OP.

My DD is earning £12k a year more than she did three years ago and has less outgoings. They don't have holidays anymore, she's stopped smoking a few times, yet she is constantly struggling. Pay day? Takeaways and taxis for at least a week. Buys clothes in the sales, but doesn't return then on time to get her money back.

She did a car boot sale but decided to go to a party she had been invited to and got her hair/nails/makeup done.

She was a lot more careful when she earned less.

My Sister is a good earner, me and one of my DDs have lived, at times on benefits. She's constantly asking us how we afford things and when we tell her that we, budget, meal plan, cook and don't buy anything not needed, she doesn't believe that would work Hmm

SmartPlay · 15/08/2019 15:08

I agree with the statement in the picture, but I don't understand why learning to drive any buying a car should be a sign of good money management.

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