My nieces tend to live pay cheque to pay cheque, if they wants something they want it now, so that involves credit.
They earn good money, they will save for a holiday but not for the future.
Like a lot of my old work mates, they live including bonus's and overtime. When overtime stopped at work, my mates were in trouble.
When I started work, Dad told me save 10% of your basic, overtime is a bonus.
At my age,you had to be 21 to get HP or get your Dad to sign. Which my Dad wouldn't, he used to say If you want something you have got to save.
This advice stood me well.
What I wish I had learned was how to use money to make money.
Instead of working long hours, looking back I should flipped houses .
I put money into pensions so I am OK, I retired early.
My wife says I'm a fuddy duddy, when she hears me given them advice.
Is budgeting taught in school ?