Originally Posted by
luckbealady
I think it would be unfair to categorize all young people as free spenders.
I'm in my 20s, and I wouldn't dream of buying a house right now. I personally would require a sizable down payment (over $75,000 - and in my area I'd never go for a house more than $150,000 no matter what size mortgage I qualify for) before I would take on that event. I don't own a car, because it makes more sense to pay cash then take on payments - and I can't afford to pay cash.
I own nice clothes, but none of them were full price (I cringe at paying more than $15 for a top).
I have an old laptop and old TV that were given to me.
The only furniture I've bought in the past few years are a couple of bookshelves - everything else is from when I was a teenager, found at the side of road (my dresser which looks great painted with new handles), or passed down to me (a great metal train trunk from my mother that I painted leather brown).
I grew up in a household where I was never want for anything. All my needs were met, and I was never necessarily spoiled, but at Christmas and birthdays we'd get more expensive things (video games or clothes). But that doesn't mean that I believe I'm entitled to everything I want.
I'm working on paying off my student debt, and that is most important to me. I'd rather wait until I can afford something than go into debt.