We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
bank, money, house, holiday all make me a little bit worry.........
lily76
Posts: 192 Forumite
any way to stablise the value of my savings? its a pity that i didn't show any interest in economic subjects when i was in uni.....art and literature surely won't let you through the recession......
I am thinking of cancelling a holiday, but for the second thought, as the money is worth only a third of what it used to be, why not just spend it out?
I am thinking of cancelling a holiday, but for the second thought, as the money is worth only a third of what it used to be, why not just spend it out?
a half qualified cat
a senior kitten
a senior kitten
0
Comments
-
With respect, if you have a house and can afford a holiday, you don't really have too much to worry about.0
-
-
I would love to be able to go on holiday this year! I don't ask for much, just a wee holiday in the UK in a caravan.....I've never been one for exotic holidays.We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.0 -
That depends doesn't it? How big mortgage is and how holdiay was funded?
Persoanlly I thing we all have a bit to worry about. Some less than others, sure, but pretty much all of us.0 -
-
Hehe...yep!
It would have to be 'convenient' though......We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.0 -
how long ago was money worth three times what it is now
Lot of people are better off than they have been for a long time not saying they will be in a year or twos time but if you have a secure job and variable rate mort you probably are.0 -
lostinrates wrote: »That depends doesn't it? How big mortgage is and how holdiay was funded?
Persoanlly I thing we all have a bit to worry about. Some less than others, sure, but pretty much all of us.
Pretty much all of us should have some concerns, even if we are relatively well placed, there are friends and relatives who may not be, and noone likes to see millions suffering from unemployment or other problems even if one has no connection with them.0 -
any way to stablise the value of my savings? its a pity that i didn't show any interest in economic subjects when i was in uni.....art and literature surely won't let you through the recession......
I am thinking of cancelling a holiday, but for the second thought, as the money is worth only a third of what it used to be, why not just spend it out?
It would if your name was Hockney or King
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
how long ago was money worth three times what it is now
quote]
I'm glad you picked that up. So often this board makes throw away statements like this which then become part of the vernacular, and we all start restating it as gospel.
As a statement, 'money being worth a third' is completely meaningless. What time span, what measure, what impact . . those are the important points.
I keep coming back to a very very basic point. We may or may not be in the worst economic downturn since the 1930s, but everyone on this board is leads considerably more luxurious lives than our parents and grandparents could ever dream off and, what's more, than 75% of the world's population would dare aspire to.
It tells you something about the nature of this downturn when people measure it by the fact that they might need to cut back on holidays this year, or not upgrade the PC until next year, or run just one car rather than two, or limit themselves to just a fortnightly trip to the restaurant, rather than weekly.
I think we need some perspective and treat this is a much needed reality check.
The vast majority of us have spent the last 5 years believing we are much richer than we really were based on two key facts: over-inflated asset prices, including houses and shares, and too easily available credit which gave access to goods we don't need but whcih suddenly became 'must-haves'.
Well, now those asset prices are self-correcting, and rightly so, and those who overindulged in nonsense consumer goods bought on below average salaries as if it was their 'right' to have them are getting their come-uppance.
Everyone could do well by reading David Copperfield, and following the principles of Mr Micawber.
End of rant.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.4K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards