[GEaston]

That's a generational issue though Jaysay. My parents are older than you but never bought anything they couldn't afford. I think many people today could learn a lot from that as there is no happiness to be found in debt.

Those of us brought up during Maggies era, or later got conditioned to believe we needed all sorts of material crap that is expensive and usually pointless. Buy today and forget about it tomorrow was the norm.

I remember buying carpets for a house that cost £65 a square yard in the 1990s. It was buy now, nothing to pay for a year then payments over 4 years. By the end of year five I had moved house twice and paying for someone else's carpets 2 years prior! In reality I should have bought what I could afford which would have been more like £6 a square yard at the time.

Personal finance should be MANDITORY in schools instead of non-existent. If it were up to me I would move Religious Education out and personal financial management in. There are few life skills more important or young people to learn than this.