Great 'Biggest financial fear' Hunt

lvm

• Unemployment (and not being able to find another job)
• Mortgage rates increasing
• Creditor taking me to court before I get the chance to pay it off
• Not having a clean credit file (should be good in Sept 2014)

dunclane

Shoe_Gal wrote: »

Unemployment - everything is very finely balanced with no 'wiggle' room :eek:

^^^^ This x 100! I am furiously trying to be 80% debt free by the end of this year. As long as I can stay employed another year then I can relax a little.

BigCraigJohn

Realization that i'll probably never be able to afford a home of my own. I guess this removes the fear of losing it and leaves less too lose.

chog24

Simple: not having enough money to cover the mortgage. I can deal with all sorts of other hardships, but the idea of being homeless would scare me silly (and my mortgage is cheaper than private rent would be)

stqueen

The rising cost of fuel, food and utilities - living, basically.

It is this that is making getting debt free once and for all a harder (and longer!) task

Lily_The_Legend

The fact that my husband is probably being made redundant later on in the year - the news came out last year but there has still been no final announcement for his office and it's the not knowing when it's going to happen which is worrying me. He will get redundancy money, and I'm saving as much as I can, but I'm worried he won't be able to get another job. I'm also worried about my job as no job is safe nowadays.

Also, the fact that I haven't had a pay rise in the four years that I've been in my job and the cost of living is going up and up all the time.

But thanks to MSE and the forums there's lots of advice on how to save money.

interestseeker

1. The arrival of another buff envelope from the DWP containing perhaps yet another dreaded stressful and exhausting review of my medical conditions and disabilities even after my GP has said they would be mad to keep bothering me with my circumstances.

2. Getting worse so I have to have home care or nursing home care and watching my life's hard earned, tax paid savings evaporate under the heat of local authority bills and maybe having to sell my home that I treasure and am proud of after the hard slog over so many years to buy.:(

mancub764

Am 55 now retired with income of £10000 p.a. This is plenty for me. Main fears are as follows-
1. Living too long. Some of my pensions are not inflation linked so are losing out to inflation each year. Also my capital sums are not earning enough to beat inflation. Although I am ok now- what about 10-20 years time- if i live that long.

2. The institutions where I have my pensions and capital going bust. Although I spread- could the government pay out if one or more major instituions failed- NO.

3. My children are still at school. Will they have jobs? Will they be able to afford a house. They will inherit from me but do I have to die young for this to benefit them

chopper_99

BigCraigJohn wrote: »

Realization that i'll probably never be able to afford a home of my own. I guess this removes the fear of losing it and leaves less too lose.

This for me. I have a decent job but the amount it costs to simply live these days, plus trying to pay off credit cards, means we have no spare money to save. Which means me and my fiance (who have been together 10 years and have one child) cannot afford to get married or save for a deposit on our own house.

At 30 it's quite depressing knowing that you'll probably be renting for the forseeable future. Especially when you know you could afford the mortgage payments, as they'd be no more than your rent, but simply can't save a deposit.

JulieGeorgiana

Inflation - I can't afford anything now... without a job in a few weeks and inflation as it is, will we survive??