Good thread is this.

I have never been a great saver if I’m being honest but when I was younger I did save £695 for my first car in 79.

My dad actually worked for a finance company and was brilliant with money and his own finances.

His job made it almost impossible for me to even think about getting a loan!😩🤣

When I traded my first car and bought my first Capri there was a £595 shortfall which I didn’t have.

The garage owner was a great bloke though and trusted me to turn up every week with a tenner which I did until it was paid off.......you wouldn’t get that scenario these days.

Dad was furious when he found out I’d done this but respected the fact ( eventually) that I hadn’t come to him because he’d have turned me down!

The only finance loan I ever had for a car was arranged by dad when I was 36 and working for myself and having success, he recognised I could afford the £700 a month over three years and did the finance deal.

I’ve never been a good saver but I have always been good at handling and managing my business and not splurging money just because there’s hundreds of thousands sat in the business account in good times.

One of my big problems at this moment is that I have a very large amount of money sat in my business in “retained” profit that I’ve never taken as I’ve left it in to let the business grow.

It’s the sort of sum most people don’t earn in a working lifetime but because business is slack I can’t access it and it’s sat in stock in our warehouse in effect.

My own view is that schools don’t teach enough common sense and that budgeting should be taught from a very early age.

My own kids of 37,33 and 30 are appalling savers and live well behind their next payday much to my frustration.