Cheers Tim.
Is an overdraft a good idea? Page 2
I was in the lucky position of being a clever but lazy arse who quit A levels two weeks in. Student loans didn't exist back in them days. My missus went to university and lived on mung beans and supernoodles for 3 years coming home with only a couple of hundred quid of an overdraft.
I admire you bods who go to Uni but I for one would not want to start my proper life saddled with debt. Without sounding like a big head, I now earn more than my missus(teacher) and more than most of the people I know who went to uni and got degrees (apart from a couple of lawyers - bastards).
Quote: Will Cam @ February 17 2011, 11:12 PM GMTI was in the lucky position of being a clever but lazy arse who quit A levels two weeks in. Student loans didn't exist back in them days. My missus went to university and lived on mung beans and supernoodles for 3 years coming home with only a couple of hundred quid of an overdraft.
I admire you bods who go to Uni but I for one would not want to start my proper life saddled with debt. Without sounding like a big head, I now earn more than my missus(teacher) and more than most of the people I know who went to uni and got degrees (apart from a couple of lawyers - bastards).
Will Cam male escort and sodomite to the gentry
(as advertised in The Lady, The Lady Boy and the Lardy for the more solidly upholestered duchess)
nb what do you do?
I'm still paying off my overdraft. Bloody nightmare. Can't wait to get rid of it.
I don't like thinking about or talking about money.
*leaves thread*
Just think how much debt you'll have when you complete your fifth degree. Or whatever one you're up to now.
Well, precisely.
*leaves again*
*puts up the anti-zooo posters and lights a cigar*
I just took one out because I was like "f**k it!". Stupid.
I got given one by the bank 10 years ago and have gone into it every month since. No big deal. It's only a couple of hundred quid.
Serious answer to Jack's question: work out the costs of "enjoyment" v "everything else". Then work out if you can reduce the costs of either, or both, hopefully without damaging your life too much. Then say "f**k that, I have the chance of an interest free loan for three years!"
The obvious answer is work out how much you need til next loan day to keep you in a satisfactory (though not necessarily optimum) social whirl. This might not require the full OD facility available. In which case, plan for the lower amount and use that OD instead.
In the big scheme of things you are talking peanuts of a lifetime's earnings, and you won't ever have this moment again.
For a heroin addict living out of a carrier bag in a hostel, Badge gives surprisingly astute financial advice.
in fairness walker he won that bag off you fair and square
Maybe. But the soiled nappies it contained were mine. 
Take the overdraft if you are confident that yo are responsible enough to pay it back once the interest free period runs out. I was not this responsible, therefore I owe HSBC 1700 and receive angry letters off creditors. You have to be brutally honest with yourself. I know now that I am just not responsible enough to have any sort of credit, so am slowly trying to pay it off (which is difficult when you're a financial f**ktard like I am).