Money in the news

According to a lot of the newspapers the past few days we’ve been making some really good progress as a nation. There are stacks of reports saying that we’re looking at a 2% growth in the economy over the next 18 months. There’s been a drop from the summer months of a 0.8% increase to October/September’s meagre 0.5%, but this is still better than most averages, apparently.

The fact that we’re making some form of progress has caused the media to sniff out the potential of an incoming firefight between political minds.  The red-tops are firing on all cylinders and the politicians are hook line and sinker. The arguement is such that we’re in a secure enough position that if nothing else goes wrong we’ll start progressing; if something – anything – goes wrong, we’re back to square one. 2008 was our most recent sunny patch, and we’re still not up to speed with that. Not to worry though, because we’re all depressed, not recessed: which is much nicer!

The NIESR added: “Unless output turns down again, the recession is over, while the period of depression is likely to continue for some time. We do not expect output to pass its peak in early 2008 until 2012″. The National Institute defines “recession” to mean a period when output is falling or receding, while “depression” is a period when output is depressed below its previous peak.

So here we are being told the recession is over, but only to sate the pedantic tongue of “the man”. The banks are still on the front line and they’re doing the acid test day in, day out; business banking is rife with proverbial fall out and we’re starting to run out of litmus paper.

A cricketing analogy seemed in order. Like an English batsman preparing to defend the Ashes, the Governor said, the Bank must remain poised at the wicket ready to play forward or back and to adjust policy in either direction according to the incoming data.

There have been tos and fros with the government and there has been a lot of complaints about “fat cat” bankers getting their “corporate kicks” off our tax money – but it simply isn’t the case. It does seem so unjust to have the service that stands between you and your money to be dealing with the free payouts from the government, but if we’re going to get help for what matters we need to believe in the thinkers no matter how controversial it seems.

It’s not getting better any time in the near future – let’s just hang on to our wallets be thankful that the coalition has seen to it that it’s not getting worse.

Source

End Of The Month

Birthday? Halloween? Rainy day?

It doesn’t take me long to justify spending money on ridiculous things. I find that I live like a lord for the first half of the month only to scrimp and scrape around for the tail-end. This is the sort of behaviour that should worry any self-concerned adult, but I know I’m not alone. I see most of my peers picking up their ‘luxury’ items on impulse a day or two after pay day.

With a little consideration you’d be able to keep my finances in check, you might say… and you’d be correct. I offer you most humble thanks for sharing this key advice, and I hope in all sincerity that you wont take my rejection of such to heart.

You see: I am a small fish in a big pond. I am one of the less significant numbers in a ticket reel as long as the country. When I can I’ll throw £200 or so at a new gadget and spend a few days picking up new t-shirts and footy stuff. The consumer beast can only be kept at bay for a few days at a time before it gets the better of me (when I make to get the weekly groceries without a list or find myself in a sports outlet with any amount of time to kill). I strain to think of the sabre-toothed man-bear-pigs that some of the high-flyers have to deal with when I buckle in the face of my personal pint-sized payday fluff-ball.

At least, in our time of dark recession, there are facilities to cater for those with must-be-spent cash.

“Hairdressers & Salons of the Stars” could be a good start. The second advert on the home page proudly states that Bill Clinton took a trim for $200. It’s looking pretty difficult to find a “normal” barber because they’re just not on the internet. Small time family businesses make money from footfall off the street, and I can tell you from experience that a haircut of Bill Clinton’s calibre would be little more than £10 in any self respecting barber shop.

StarCarHire.co.uk is the kind of dealership you might be looking for if you’ve got a swanky drive planned or you’re in need of some funky vans… or maybe just because you can. I’m not sure how recently updated this website is (or the Salon one, looking at it now), but the Ghostbusters car is flaunted as their most recent addition! Get in there and you could be ectoplasm’ing along the board-walk to an orange sky before the bank closes. Comparing that to a reasonable, practical van hire service you can see that you’ll probably be able to get the job done without earning your pay packet through Alex Ferguson or Alan Sugar.

So for the time being folks.. we’ll stick to buying our reasonably priced frivolities, eh?

I’ll be leaving the diamond encrusted £20,000 football boots to the rich and famous.

A word on students

Particularly those who are about to embark on their first university experience.

Having once been a student I like to think of myself as a member of that well known catchment of people who “had the best time of their life and winged about it ever since”. It’s a very sad day when university comes to an end. You quickly come to realise that friends you’ve lived with for three years have managed to subtly drill a hole through your stomach – as soon as everyone dissipates that hole is revealed and there’s a very strange feeling that follows.

It’s not just friends that are affected – any relationship you’ve had is about to change – think about how much more open minded you are now, how you have the opportunity to compare yourself with a previous version of yourself (before and after uni) for the first time. I know that when I was 16 I couldn’t really compare myself to my 12 year old self because our ideals were so different. If I had a turtles hat, some marbles and a couple of hours before I had to go home for dinner – I was chuffed. How things change.

You talk to your parents with a change of tone, sometimes good, sometimes bad. If you’ve made a partner it could well be that this is the point in time where the relationship is made or broken. Your friends from home will have picked up their own change in social outlook and you’ll now have to mash all of your colloquialisms and banter together in one big heap. For better or worse university is a changing process, and you will be hard pushed to leave as the same person you arrived.

If you’ve read these words and believe what I say to be true, even if you expect I’m just trawling through things that everyone has said about uni in the past, at least hear me out with some good practical advice on the first couple of weeks.

  • The Three Questions.

When you first arrive at university everyone will be asking the same three questions. Who are you, where are you from and what course are you studying? I know people who pitched up on their first day with the answers to all three printed on a t-shirt – they were the few who still had a voice by the end of freshers week – and everyone knew who they were in a matter of hours. If you’ve got no spare banter in terms of breaking the ice then don’t worry – these three have been classics for years and years, so you wont go too far wrong. Now that you know maybe you can think of a way to make it more interesting?

  • The First Point of Contention

90% (or what feels like 90%) of your peers will be receiving student loans to cover the tuition fees and accommodation. You’ll find that people instantly begin dissecting the bank they’ve chosen and the amount of overdraft they can get away with using. At the start of uni having a large overdraft seems like a great idea. At the end it’s a total nightmare, but you’ll have saved a lot of skin in the meantime (your own or others). This is something that requires some real research. I was one of the masses who wandered into a bank and signed everything as quickly as possible to get going with it – if you can spare a bit of time to tailor one around your personality (how likely it is you’ll be jet-setting or needing a quickfire £500) and your support (how likely it is your parents will cough up for said activities).

You can visit the current accounts of a bank website to see how the whole picture will look (remember you WILL cease to be a student at some point (no matter how impossible that is to comprehend right now). If you’re one of the golden few you could look into savings accounts as well – working through uni is a great way to meet new people and make the future look a little easier.

  • Adopting the Position

It wasn’t until my third year that I realised how many times I’d been sat on the ground. In a circle. Students have a wonderful capacity to find another in a pile and begin forming a large ring so that everyone can be seen/heard. The tendency to sit on the floor follows directly along with the laziness factor. If you’re in a circle it’s only a matter of time before you’re joined by others and ushered to sit down on the ground. Learn this quickly. The more comfortably you can place yourself on a hard surface the better adapted you’ll be at conversing as a student. Of course you wouldn’t be frowned upon for spending the entire time on your feet. Frisby, football, hacky sack..

  • The Friendship Factor

You may well bump into a group of people you quickly consider to be among the coolest on the planet when you first arrive. It’s more than likely that these people will be your bounce pad as you all start to learn how to act around such a criss-cross of cultures, which in turn means you’ll probably annoy one another to the point of calling it a day and looking for new friends. I know this is one of the most said things when it comes to university, but it’s so very true. The people you befriend there will end up being the best friends you ever make. However: those people that you meet in the first couple of weeks will MORE OFTEN THAN NOT end up as strangers after a month or so. Don’t cling, don’t get needy, and don’t take it personally if/when people move on.

The nature of the university beast is to find yourself. Plan well before you go, but don’t try to structure your time.

Everything happens for a reason. If you’re poor by the end of university it’s more than likely that both your brain and your facebook profile will be full of memories, quotes and pipedreams.

Bliss.