Youngsters aren’t very concerned about their finances, they do think writing down their incomes and expenses would be very useful, but realizing this seems difficult. Often young people start saving their money, but the moment they are going out they stop looking after it and spend more money than they should. The most money is spend on social purposes or on status, youngsters want to be popular, so they buy drinks or gifts for their friends, or luxury goods (for example designer clothes) for themselves to ‘buy’ a status. Lending money seems no option for young people, they would feel stressed by the idea, but lending a little amount of money from friends or family is a possibility for most of them, because they see it as advancing not as lending.
Sofie Verdonckt
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