unemployed.. But want to spend last of saving on a kit car

[Welshbeef]

This OP question highlights why the UK has the highest personal debt in the western world.

OP you don't have a job, you have some savings which is good but frankly you have no idea how long you will be out of work plus you should aim to have a min of 6 months savings for emergencies as in lost job to pay for you to live.

The vehicle is totally unrequited - I tell you what I'd really like a F40 honestly would love one and an AC cobra 427ci original however if i was unemployed and spent my savings on buying one I'd be an idiot and deserve all the pain that comes.

Buying it is going beyond your means. You are living with mummy and daddy and as highlighted no costs - get in the real world they are in effect substituting your income to the tune of £600pcm possibly more yet you even state that buying this car may give you the motivation you need to get a job?? What the feck get real. Motivation is you have no job you currently are classed as a bum and moreso a mummy boy bum who cannot support himself.
I lived from 17 away from parents home supporting myself I have pride - offer was there to stay but not needed I pay my own way. If things go wrong I deal with it I take it like a man not hide behind mummy and daddy.


Also when you do get a job buy one after a few months sure it may be a few £k more but that doesn't really matter your earning paying your own way.
The final thing - you don't believe it will ever be worth any less- utter ste, fore sale which would be the end result if 10 months later still no job.
Be fair on your parents get a job they are merely carrying working hard incase you cannot man up let them retire why would you want them to be working while your a bum- your sending them to an early grave.


Now hopefully some of that has sunk. Don't listen to other kids on here man up understand the situation you are in - not living in the real world.

[soad]

Assume it's a no go now anyway? Was going to say go for it, esp if there's enough funds left to run the car after insurance.
Can understand him wanting to purchase it, all i'm saying. Of course, not the best idea when out of work

[Mr Dave]

Buy a £1000 quid motorbike and scare the life(the brown kind) out of yourself,7s are great but cannot compare to a bike and for that money youd have to be daft to buy a car, probably cheaper fuel and running costs on the bike than your car at the minute now too.

Or. Set that money aside and say you are buying it as soon as you get a job, will motivate you quite well.

Or. Give that money to charity, you obviously dont need it if you can waste it on a second car, give it to people that do need it.

Or. And this is what I would do, use a wee bit of your savings, pay for your parents to go on a nice holiday as a thankyou for looking after you.

[bobsan]

.....and while they're away, hock a load of house hold stuff to pay for car and fake a burglary, claim back on insurance, everyone wins, (except insurance, who cares, they don't)

now that's proper yob culture. oh to be young again.…

[gareth.e]

Welshbeef said:

This OP question highlights why the UK has the highest personal debt in the western world.

OP you don't have a job, you have some savings which is good but frankly you have no idea how long you will be out of work plus you should aim to have a min of 6 months savings for emergencies as in lost job to pay for you to live.

The vehicle is totally unrequited - I tell you what I'd really like a F40 honestly would love one and an AC cobra 427ci original however if i was unemployed and spent my savings on buying one I'd be an idiot and deserve all the pain that comes.

Buying it is going beyond your means. You are living with mummy and daddy and as highlighted no costs - get in the real world they are in effect substituting your income to the tune of £600pcm possibly more yet you even state that buying this car may give you the motivation you need to get a job?? What the feck get real. Motivation is you have no job you currently are classed as a bum and moreso a mummy boy bum who cannot support himself.
I lived from 17 away from parents home supporting myself I have pride - offer was there to stay but not needed I pay my own way. If things go wrong I deal with it I take it like a man not hide behind mummy and daddy.


Also when you do get a job buy one after a few months sure it may be a few £k more but that doesn't really matter your earning paying your own way.
The final thing - you don't believe it will ever be worth any less- utter ste, fore sale which would be the end result if 10 months later still no job.
Be fair on your parents get a job they are merely carrying working hard incase you cannot man up let them retire why would you want them to be working while your a bum- your sending them to an early grave.


Now hopefully some of that has sunk. Don't listen to other kids on here man up understand the situation you are in - not living in the real world.

Bit of a stupid assumption here. The reason I have a fair amount of savings is because I've always been good with my money. I have no real out goings so what's the issue?

I haven't gone ahead with it but at the end of the day its not like I would have gone into debt and I would still have a slowly deprecating asset. Insurance and road tax were pittance.

Edit: just read the full text rather than the first line. Sounds like either your parents didn't love you, you have a chip on your shoulder or you simply couldn't stand your parents.

I hate people who cry about their up bringing.
I hate people who think its some sort of achievement to get into university.
Most of all I hate people who blab on about how independent they are.

I don't give a fk if you left home at 17, do you want a fking medal?

I've been in full time education since I was 2ft tall.

Well done. I left home at 18 and decided it made financial sense to move back home for a year at 21.

What's the betting you rented like a stupid prick for god knows how many years..

When I'm as old as you we'll see who's better off.

Edited by gareth.e on Wednesday 11th May 01:22

[HereBeMonsters]

gareth.e said:

Bit of a stupid assumption here. The reason I have a fair amount of savings is because I've always been good with my money. I have no real out goings so what's the issue?

Out of interest, why do you still live at home? I guess you're relatively young, but if I was "good with money" and had some savings, I'd be out of home as soon as I could (in fact, I was, but that's beside the point).

As much as cars are a bringer of independence to a 17/18 year old, getting your own place (rented or bought) in your early 20s has to be the next step on the ladder?

[gareth.e]

Mr Dave said:

Buy a £1000 quid motorbike and scare the life(the brown kind) out of yourself,7s are great but cannot compare to a bike and for that money youd have to be daft to buy a car, probably cheaper fuel and running costs on the bike than your car at the minute now too.

Or. Set that money aside and say you are buying it as soon as you get a job, will motivate you quite well.

Or. Give that money to charity, you obviously dont need it if you can waste it on a second car, give it to people that do need it.

Or. And this is what I would do, use a wee bit of your savings, pay for your parents to go on a nice holiday as a thankyou for looking after you.

I constantly look at motorbikes but every time I mention doing my test my mum crys and my father says he's always wanted one to use in summer.. But then it makes me see where my mum is coming from because I really wouldn't want my father to ride one. I had a moped and had a couple of cheap geared bikes for off road use. Come off a few times off/on road including getting side swept by an old man.

Performance per pound a bike seems the most fun and I would only use on nice dry days, I've been out in snow/hail/rain/ice/pitch black and its quite a horrible experience at times!

[gareth.e]

HereBeMonsters said:

gareth.e said:

Bit of a stupid assumption here. The reason I have a fair amount of savings is because I've always been good with my money. I have no real out goings so what's the issue?

Out of interest, why do you still live at home? I guess you're relatively young, but if I was "good with money" and had some savings, I'd be out of home as soon as I could (in fact, I was, but that's beside the point).

As much as cars are a bringer of independence to a 17/18 year old, getting your own place (rented or bought) in your early 20s has to be the next step on the ladder?

Renting is for retards or people who need to be very flexible. I finished university and left my rented house by my university in November last year. I'm going traveling in November this year so no point buying a place yet. But the main reasons for not purchasing the kit car are that I won't struggle with traveling expenses and it means I can put a deposit down on a flat when I get back.

Living at home is free so I might aswell take advantage of it for a year or so

[grantone]

gareth.e said:

...
Living at home is free so I might aswell take advantage of it for a year or so

The whole point of Welshbeef's post was that living at your parent's house is not free, they are subsidising you a small amount in cash terms and a large amount in lifestyle terms. Do you really think they want their 22 year old graduate unemployed son living in their house while he waits to go travelling?

[gareth.e]

grantone said:

The whole point of Welshbeef's post was that living at your parent's house is not free, they are subsidising you a small amount in cash terms and a large amount in lifestyle terms. Do you really think they want their 22 year old graduate unemployed son living in their house while he waits to go travelling?

Even if they didn't want me here, they can deal with it for a year.

I often vanish for the week or weekend. While I might eat them out of house and home I don't think I impact their lifestyle much

Edited by gareth.e on Wednesday 11th May 01:31

[2 Wycked]

gareth.e said:

Renting is for retards

Incorrect. Renting is for people who weren't dealt such a fortunate hand early on in life.

[I Am Milk]

gareth.e said:

grantone said:

The whole point of Welshbeef's post was that living at your parent's house is not free, they are subsidising you a small amount in cash terms and a large amount in lifestyle terms. Do you really think they want their 22 year old graduate unemployed son living in their house while he waits to go travelling?

Even if they didn't want me here, they can deal with it for a year.

I often vanish for the week or weekend. While I might eat them out of house and home I don't think I impact their lifestyle much

Edited by gareth.e on Wednesday 11th May 01:31

You sound like a vain, spoilt little .

Unbelievable.

[gareth.e]

2 Wycked said:

gareth.e said:

Renting is for retards

Incorrect. Renting is for people who weren't dealt such a fortunate hand early on in life.

Indeed, as I explained above your parents either kicked you out, hate you or you hate living with them.

[gareth.e]

I Am Milk said:

gareth.e said:

grantone said:

The whole point of Welshbeef's post was that living at your parent's house is not free, they are subsidising you a small amount in cash terms and a large amount in lifestyle terms. Do you really think they want their 22 year old graduate unemployed son living in their house while he waits to go travelling?

Even if they didn't want me here, they can deal with it for a year.

I often vanish for the week or weekend. While I might eat them out of house and home I don't think I impact their lifestyle much

Edited by gareth.e on Wednesday 11th May 01:31

You sound like a vain, spoilt little .

Unbelievable.

If my parents didn't want me living here I wouldn't be here. Nearly all of my friends have moved back in with their parents, unless they've got jobs the other side of the country. The living situation is hardly ideal for me as they have moved miles away from where I grew up subsequently I spend silly amounts on petrol and travel expenses.

I am not from a 'wealthy' family so why am I spoilt little ?

Sounds like you're envious because you had a st start because you got kicked out.

[drivin_me_nuts]

gareth.e said:

I Am Milk said:

gareth.e said:

grantone said:

The whole point of Welshbeef's post was that living at your parent's house is not free, they are subsidising you a small amount in cash terms and a large amount in lifestyle terms. Do you really think they want their 22 year old graduate unemployed son living in their house while he waits to go travelling?

Even if they didn't want me here, they can deal with it for a year.

I often vanish for the week or weekend. While I might eat them out of house and home I don't think I impact their lifestyle much

Edited by gareth.e on Wednesday 11th May 01:31

You sound like a vain, spoilt little .

Unbelievable.

If my parents didn't want me living here I wouldn't be here. Nearly all of my friends have moved back in with their parents, unless they've got jobs the other side of the country. The living situation is hardly ideal for me as they have moved miles away from where I grew up subsequently I spend silly amounts on petrol and travel expenses.

I am not from a 'wealthy' family so why am I spoilt little ?

Sounds like you're envious because you had a st start because you got kicked out.

You are making a lot of assumptions about people's attitudes and upbringing and you argue with them for doing so. Yet the comment you made does come across as self centered - it doesn't give a lot of room for interpreting any other way. It may not have been what you meant, but

'... Even if they didn't want me here, they can deal with it for a year...'

writes more of you putting your wishes and selfish ( as in, of your needs ) before any consideration for your parent's views or wishes. Whether that's the case, only you know.

Your money, you do what you want with it. But if you do ask such an open question, don't be surprised if you get not so nice and cuddly answers. I wish you all the best chap and I hope you enjoy your travelling.

[LMC]

Back on subject , if the kit is completely finished then buy it if you can't live without it. But, if it still needs work, leave it alone until you're back on your feet.

How many times have you seen the advert "unfinished project, thousands spent, now for sale @ £buttons"

[VeeFour]

gareth.e said:

I'm going traveling in November this year so no point buying a place yet.

Living at home is free so I might aswell take advantage of it for a year or so

You spoilt little .

[mercfunder]

Welshbeef said:

I lived from 17 away from parents home

I lived away from my parents home from 8, do I win?

Seriously a lot of people on here need to get over themselves, the OP is young, has parents who support him, and was just about to spunk all his savings on an indulgence.
FFS he's 22, we all make daft decisions at that age, there's plenty of time to correct them later in life.

[sharpfocus]

gareth.e said:

Even if they didn't want me here, they can deal with it for a year.

I often vanish for the week or weekend. While I might eat them out of house and home I don't think I impact their lifestyle much

You sponging little st! Grow up and rent.

[Mastodon2]

mercfunder said:

Seriously a lot of people on here need to get over themselves, the OP is young, has parents who support him, and was just about to spunk all his savings on an indulgence.
FFS he's 22, we all make daft decisions at that age, there's plenty of time to correct them later in life.

Fair enough, but are you happy that your hard earned wages are getting deducted as tax to fund the lifestyles of lazy, jobless mammy's boys like this?