I think kids should get told to manage their money as money is an important part in people lives as they use it for anything they need. It would be better for people to stay out of debt and have a comfy life rather than get into debt and be paying them off for a majority of your life.
It would be a good idea to have some sort of lesson when kids get taught about how to handle their money and how to budget for when they have their own houses and flats. you should tell them about situations where others have been in debt and where things have gone wrong which would make them think they don’t want that happening to them.
It would be helpful if kids new more about debt also, because i didn’t really know about managing my money which gets me not having any til i next get paid. so it would be a good idea for kids to learn more before they have to do this kinda stuff to.
A home improvement loan, will only be of benefit if the improvement you are making will actually add value to your property, in some cases the home improvement may have the opposite effect and cause your home to depreciate in value.
For example if you are taking out a home improvement loan to extend your home, to replace a tired and jaded kitchen, or to convert the loft area, then you are probably on to a winner. These type of improvements, as a rule, will add value to your property. However if you are taking out a home improvement loan to build yourself a swimming pool, it will not increase the value and may actually cause the property to go down in value, as prospective buyers may be put off by the upkeep of a pool and the fact that with the British weather they may not get much use from it.
If you are taking out a home improvement loan with the intention of staying at the property for many years, and are improving it for your own use, then yes they are a good idea.
If on the other hand you are attempting to improve the property with a view to selling it in the near future, then you need to think very carefully about the improvements you are going to make so that it will add value, rather than take it away.
Depending upon the improvements that you’re making to your property, you may be able to save money on your utility bills, as making your home energy efficient will save you money over the long term.
Student loans are a good thing if you have no hope of finding the money to fund your education otherwise. I personally took out student loans to provide me the opportunity to study at university. Was it worth it? This all depends on the individual.
Before student loans were introduced student were given grants which would cover the costs incurred during further education. However, with more and more people seeking u university education, this was not sustainable and the government introduced fees and reduced grants.
One advantage is that this made students a lot cannier about money. For example, many of them were leaving university and immediately declaring bankruptcy or taking out an IVA to avoid paying their student debts. This is a loophole which is now legally closed.
In summary student loans in general are a bad thing. It simply suggests that not enough money is being put into institutions to afford the excess number of students today. Why should someone become burdened with debt simply to further their understanding in the world or a particular topic? Barbaric and outdated.