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Message: <blockquote data-quote="Georges89" data-source="post: 810998" data-attributes="member: 8794">Hi guys, very interesting thread and just wanted to chip in with my situation. I'm 27 now, and do have some savings although this is for payment on a property. Still living at home right now.  I'm jobless right now, have been working in recruitment for last 5 years and lost my job in spring. I've been trying to figure out what I want to do as Ive been miserable in recruitment but same time, its not been easy. The time does go by quickly, 1 month becomes 2, 2 months become 3. And although I have savings, I don't want to touch them yet. I fucked up as I didn't save money to keep me going for a few more months, and now I am running out of money to get by on, I am a bit trapped and going to probably go back into recruitment as I've got the experience there. What I've learnt:- Saving is almost everything. Save as much as you can realistically and keep it going. Save 1000 a month if you can (in my case in Stirling not Dollars) and build 10-20-30k in savings. You are saving if you lose your job, you are saving for peace of mind. You are saving to open your own business, you are saving to travel the world. You are saving for your long term future and retirement and any unexpected problem that arises. - It sounds lame, but pension? Long term investments? These are things worth thinking about too. - It should be relatively easy to have a good saving plan. Read Ramit Sethi's book on finance as it gives a good step by step guide on how to siphon of funds for saving, and have a plan. - If you are careful with your money, you can still manage to go out and have some luxury whilst saving. Go for drinks once or twice a week. Take cash with you and leave your card at home so you are forced to only spend the money you want to spend. - make sure you are always investing in yourself. When you are earning full time, make sure alongside saving that you learn other skills. That could be to learn code, that could be to write a book. Hell, it could be to act or to sing. It could be a number of things. but all those extra skills you learn whilst working your main job are going to really help develop you. Don't sit on your ass like me and just work your main job, and live for the weekend, as it means fast forward to when you aren't enjoying your job or your lose your job that you haven't developed any skills outside of your main job that could help you. I am not on top of my shit yet, but the last few months have taught me a lot about the last few years and the importance of having money at your disposal. Your situation can change dramatically and we get comfortable too easily. Make sure you plan for losing your job, and whilst your job is going well, learn things on the side and don't ever get too comfortable because you never know when your boss could fire you, it could be due to planned redundancies, a bankrupt company or anything.Make sure you are learning new skills, investing in yourself and saving, so you are always growing. I made the mistake of just waiting for monthly salary, spending the bulk of it on crap - expensive lunches, alcohol and drugs on the weekend, too much takeaway, clothes I didn't need. I hope you can learn from my mistakes.I'm 27 and I know I fucked up but I'm not going to cry about it. Time to rebuild and set myself over then next 2-3 years. We grow out of bad situations and I think its taken me losing my job to wake up and smell the coffee.</blockquote>

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