Author Topic: BBC online series My Money  (Read 2353 times)

VancouverSaver

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BBC online series My Money
« on: October 18, 2019, 11:20:50 AM »
BBC Money have recently started a series of blogs etc, in which young people share what they're spending etc. This is the latest blog:

My Money: 'BOOM, suddenly £14.99 less rich!' https://www.bbc.com/news/business-49971120?

Their Facebook group is also very active. Looking at their posts from a Mustachian POV is providing me with endless hours of head shaking...

The Facebook group is closed (https://www.facebook.com/groups/356456095066994/?) but I am on it and the latest comment to frustrate me was:

"I'm looking at good ways to start saving and how to obtain reasonable finance on a new car (I currently travel 400miles a week to get to work and back and commuting which is costing £280 per month I fuel so I need something more economical and reliable to reduce my monthly outgoings) Any advice will be appreciated."

This was followed up by:
"Public transport will cost the same per month as fuel.... already looked at that option. Moving nearer isn't an option either as we have a very close family which we wouldn't see as much if we moved 30 miles away"

I told him to either a) consider the other costs of car ownership/financing and factor those into his assessment of whether transit could save him money b) get a job closer to home or c) move closer to his job.

(Note, this case is in the UK so living 30 miles away from family is a huge distance in their minds. Here in Canada, it's peanuts!)

happyuk

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Re: BBC online series My Money
« Reply #1 on: October 20, 2019, 12:30:20 AM »
Driving in the UK can be a wretched experience.   There are too many cars on such a small island.   Another option would be to take advantage of flexible working either working from home if practical or flexi-hours.  I prefer to get in early as in leave the house before 7 am so as to avoid the idiots and avoid the congestion.
« Last Edit: October 20, 2019, 12:32:42 AM by happyuk »

KathrinS

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Re: BBC online series My Money
« Reply #2 on: October 20, 2019, 12:38:07 PM »
I read that money diary from the link and didn't think it too bad, for a very young person and a non-mustachian. She's quite concerned with fashion and 'treating herself', but other than that she does seem somewhat mindful about what she's spending. Also nice to see how supportive and loving she is towards her mother and grandmother.

VancouverSaver

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Re: BBC online series My Money
« Reply #3 on: October 20, 2019, 05:20:25 PM »
I read that money diary from the link and didn't think it too bad, for a very young person and a non-mustachian. She's quite concerned with fashion and 'treating herself', but other than that she does seem somewhat mindful about what she's spending. Also nice to see how supportive and loving she is towards her mother and grandmother.

You are right. I think Iíve been in a bit of an uncharitable mood lately, I think because Iíve had a cold and so unable to do my usual 4 x weekly runs. They are one of the best ways Iíve found to keep me upbeat, with a clear head. Have been feeling bad about posting this thread. Maybe I should delete it?

Linea_Norway

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Re: BBC online series My Money
« Reply #4 on: October 21, 2019, 03:41:28 AM »

This was followed up by:
"Public transport will cost the same per month as fuel.... already looked at that option. Moving nearer isn't an option either as we have a very close family which we wouldn't see as much if we moved 30 miles away"

I told him to either a) consider the other costs of car ownership/financing and factor those into his assessment of whether transit could save him money b) get a job closer to home or c) move closer to his job.

(Note, this case is in the UK so living 30 miles away from family is a huge distance in their minds. Here in Canada, it's peanuts!)

And how often do they visit that family? Every day? Or maybe once a week. It pays off to shorten the distance that you travel on a daily basis.

Frustration from my family and visiting them is that none of our parents lives in the vicinity of a train station. When I visit by plane, we also need to be picked up on a train station by them or rent a car ourselves. And that is in a country with good public transport in general.