notthenews

With many young people leaving the education system this summer and many not realising the pain that awaits them in the real world due to the new Government’s policies, it would be very irresponsible of us not to tell our young hopefuls some home truths.  Hell, some of us, if we were lucky to escape relatively unharmed from the effects of the man-made recession, are still not sure what Government sponsored hardship holds for us in the very new future.  Many of us don’t even realise that it’s not just others that are going to sweat but us too (Leading article: The worst could be yet to come – Leading Articles, Opinion – The Independent And Sean O’Grady: This seems like good news – but the cuts will soon bite).

What a lot of us know, though we would hate to admit it, is that the banks own our butts;  the mortgage, the loan taken out for this year’s holiday and the recent graduate’s little run around and the gold and platinum cards proudly displayed in the wallet but used up to the hilt.  Deep down we know that if the sh*t hits the fan, the collectors will be at the door.  The ease of how you got into this position, the promises of how your interests are being take to heart, the sweet sound of our kindly financial institute assuring us they will be with us through thick and thin are likely to be distant memories.

If you’re lucky, the apple of your eye may have had some money management lessons at school or college – but wait, wait a minute, usually it is banks that sponsor those programs.  So all of us with fresh faced, ‘raring to go‘ younger people have to have the talk.  Trust me if the ‘the bird and the bees’ talk was hard for you, this one will be more painful.  How do you explain your financial predicament without the clever product of your loins looking at you like you are a total idiot?

But it has to be said – no candy floss – rule number one when you step outside be more wary of the suited man with the briefcase of cash than the low jeans ganja smoker on the corner.  “Banks are not your friends, my son.”

Homeless in Dubai: One man’s story

Banks continue to rip customers off

Tags: banks, budget cuts, expenses, finance, loans, parenting, poverty, rich

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