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Debate House Prices
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Spender or Saver
Comments
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Funny I can pay as much into or out of my mortgage as I want as long as it remains less than it was when I originally took it out. Of course with the rate so low I don't pay any in as I can earn a better return elsewhere.
Offset, in fact it doesnt even need to be an offset...Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Im a saver, virtually 50% of my annual earning will be savings...
Any form of extreme behavior indicates a missfiring mind. Being a hard saver temporarily is fine of course, but letting it become a life long habit is just about the most pointless excercise. Money becomes your God, your whole persona becomes welded to this amassing of money tickets.
You live about 28000 days awake. Life is an opportunity to partake in experiences once and once only.
I'm a saver and spender and liver of life. Money is important as is security, but money ticket amassment is in and of itself a petty nonsense that will mean nothing at the end of a life lived. When all said and done a person is just a collection of memories (mum in law suffered Alzhiemers). Take them away and there's nothing. Thus a memory bank based upon coin counting for 80 years, is utterly pointless.0 -
If you count pensions and mtg payments we are close to saving 50%. But while we save a lot I still overspend lol.0
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This is not extreme behaviour, I earn healthily and save healthily... I live a happy life... your assuming im over doing it... on what basis...lolPlan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
If you count pensions and mtg payments we are close to saving 50%. But while we save a lot I still overspend lol.
Hi Atush,
Mortgage payments, can be split into two.
Interest repayment
Capital repayment
In my calculation, I only included the Capital Repayment Part. A simple spreadsheet calculates the split each month, which obviously changes each month, as you pay less interest as you pay down capital.
But its still something to be proud of!Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Batchy said:-Anyway back to topic, if you need to discuss what savings are, please dont participate in this discussion. This is not the discussion! Start a new thread. Cheers.
I don't think that my post was off the topic given the posts that followed.
Good luck with the premium bonds. I admire your intertemporal generosity towards the state finances.
J_B.
(Why must this forum be 'members only' ? )0 -
I would like to think that anyone who hasn't retired yet is a saver/investor. If you don't accumulate wealth some way or other during your working life you will surely have poverty to look forward to eventually.
Personally, I'm saving about 30% of my gross income at the moment via mortgage capital repayments, employer and employee pension contributions, S&S ISA and an ETF holding.
Asking this question on a website called moneysavingexpert.com will no doubt have a biased response though!0 -
Joe_Bloggs wrote: »Batchy said:-
I don't think that my post was off the topic given the posts that followed.
Good luck with the premium bonds. I admire your intertemporal generosity towards the state finances.
J_B.
(Why must this forum be 'members only' ? )
For many years I had 100 in that my uncle insisted I kept and, well you just never know, I won 50 off that after a few years... BONUS... now my holding has been rising significantly over the past 18 months, the effective interest over the last 18 months, ie when saving began, has been around 7% NET(since its tax free).. based on the average holding over the same time.
Granted your comments CAN ring true, but ill take my chances thank you! :-)Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Hi Atush,
Mortgage payments, can be split into two.
Interest repayment
Capital repayment
In my calculation, I only included the Capital Repayment Part. A simple spreadsheet calculates the split each month, which obviously changes each month, as you pay less interest as you pay down capital.
But its still something to be proud of!
I overpay my mtg and have done for some years (part of my 5 prong saving strategy incl pensions, cash, intestment trusts and stocks)- I have no idea of how much capitol I am paying off each month but know it is substantial lol.0 -
well overpayments defo count ;-)Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0
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