There’s a part of me that wants to start this letter with “weather is here wish you were nice” but that’s such a lame joke, I can see you raising your eyebrows at me from way over here!
So here you are just about to open your first pay check, aged just 15, home from your busy afternoon on the checkout at the supermarket. To you it will seem like a fortune…trust me it’s not and in years to come you will laugh at what you considered a fair wage for your time and effort. But for now, don’t worry about that – just enjoy it!
If I could give you one piece of financial advice, that’s what I’d say to you….enjoy this one! Don’t try and save it, don’t put it to one side for a rainy day, and don’t worry about making a sound investment or clever purchase! Spend it! Spend it on somethings frivolous or something pretty and enjoy the feeling of not having to worry about it! Hell why not spend the next one too, enjoy a couple of months of freedom to be young and foolish!
Savour that feeling and remember it well, because from now on you need to think more carefully about it and what you plan to do with it. I know you don’t believe me, but there are only so many records, shoes and black eyeliner pencils one girl can use! You will enjoy the spend now, but regret the extravagance later…. trust me – I really am regretting it now!
Get it out of your system, but sooner than you think you’re going to need that rainy day fund, and it’s going to really really rain! Don’t panic though – it’s a good and happy rain, but one that could use a little cash.
Those people at school who have savings accounts, and piggy banks that rattle? They have the right idea, they are thinking smarter about their future – and I would suggest you do the same.
In years to come they will send you postcards from flash foreign holidays, you won’t get to return the favour. They will turn up at your door in a shiny new car, whilst your old banger drops yet another doodad on the roadside. And you’ll kick yourself then for not having started your savings account when all your income was disposable…..it’s harder to save when the rent needs paying and the bills are now in red ink!
So go on – live it up, buy a new 7 inch and play it until you can download it from itunes (trust this will make sense one day!) And life live to the full, but maybe tomorrow, listen to the radio for free and put that money away for the wonderful surprises that are just around the corner…..and hold on tight, it’s going to be a hell of a ride!!
Oh….and pay more attention in school, don’t argue with your mum so much, and when a friend needs walking to the bus stop…. go with her… cos you’ll meet someone who will make you realise how fab life can be and love you more than you thought you ever deserved!
Me x x x
This post is in collaboration with Santander.co.uk
photo courtesy of 401 calculator.org