What's a lesson you learn the hard way in regards to money and finances

[Cupcakeicecream]

What's a lesson you learn the hard way in regards to money and finances.

Never walk into Louis Vuitton with an empty credit card. Next day huge regrets and they don't do returns. About 15 years ago now, still have the bag though. Impulse purchase at its best.

I sometimes think the replica LV can last longer 😂 💼

Sell it on eBay as vintage 😉

Yes, sell the LV bag ! It's probably not lost that much money..

Don’t buy just so you can ‘get on the property market’, ie saying you can sell on in a few years, you have to be ready to potentially live there for life (bought an apartment 14 years ago and we still have it but now we have 4 children too!)

Credit cards are evil, not all bank loans are feasible

That quitting a really well paid job that you hate, isn't always a good idea. And when you get rehired by the same company for a good chunk less than before, you'll feel very bitter about it.

That you shouldn't dither about investing. Stocks and shares, property, whatever it is, do it sooner rather than later. I still haven't quite learned from this one.

Please tell me that's not possible....

bluepen12
Fraid so. It happened to my DH. The house had quadrupled in value. Because his solicitor hadn't advised him properly at the time of the split, it meant the greedy ex got a lot bigger chunk than she would have done. It caused us lots of financial upheaval.

How bloody easy it is to get into debt. I got into £13k of debt in my late teens. All spent on stupid things. I worked 2 jobs to pay it off.

Oh yes, and don’t put up with a man who sponges off you. I don’t mean don’t marry someone who earns less than you: just make sure you marry someone who pulls their weight

I'd second this, and warn anyone off a LTR and most definitely children with anyone who has the slightest hint of a drug or alcohol habit about them. No such thing as a 'benign' weed habit. Financial chaos usually accompanies life with people like that, their priority is the drug use.

It’s entirely possible if you haven’t got a consent order, signed

Surely if a house is jointly owned and there is no buy-out, the person living in it is always liable to a claim of this nature?

I don't think the other owner has much of a chance of getting anywhere if the other owner lives there with children from the relationship still aged under 18, but if not, the joint owner can demand half the equity at any time, can even issue proceedings to get it. Or am I talking shite?