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52 Week Money Challenge - Week 21 £21 in the pot drama free....I think..a bit on student loans.


twenty one pounds sterling
I nearly wasn't going to make it. In fact I had this cash on my counter and I was thinking of spending it. Yes, I was. I was going to spend it and put in an IOU note in the box, but somehow, I forgot.

twenty one pounds sterling next to the money pot

Like this is boring, saving is boring. Its not one of the most interesting things to do. I wonder how these money blogs do it, talking about savings etc. Boring. However, it's good to save for an rainy day or emergency, don't just spend, spend, spend and live in the now. Especially if you are in your twenties. Don't get yourself into a huge amount of debt, unless it's student debt. Yes, I'm using my laptop as a display.

Money now in the pot. So Disclaimer, I'm not a financial expert or authorised to talk about debt, do not take this as official financial or investment advice.  In the UK folks moan about student debt, but it's really money loaned at the government at a tax-free rate. Like it comes straight out of your pay-packet before tax. You also pay according to how much you earn. It's also a longer term loan and no one is going to send the bailiffs to your home or cause you stress with nasty debt letters - at least in the interim future. Also people don't complain so much about paying a mortgage, that is still debt. Oh well, each to their own, I guess in the end, it depends on the value you think a degree will add. My former boss, a complete whiz kid, very talented, once said he wouldn't have gone to college given today's student debt. I'm not sure given he is super talented and a one-off, and impeccable work history. Working for him was so stress-free, and he was super organised. For example, it didn't make a difference if he was in the office or out of the office, because he just let us get on with it. Me at today's loan? I would have taken out the loan but I'd have been super ambitious and probably less flexible in my career options, just change after the money. I did take out loans but not the amounts of today. Anyway, as I said I'm not a financial expert or authorised to talk about debt, do not take this as official financial or investment advice. 

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