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Spender or Saver

Batchy · 2011-09-07 13:40:36

In the current economic climate what category would you put yourself in:- Im a saver, virtually 50% of my annual earning will be savings... Including capital part of the repayment mortgage. On top of this my employer pays 15% into a pension for me! :-)

Comments

hillcats Posts: 899 Forumite

9 September 2011 at 9:09PM

Definite saver, I was taught by my father - god bless him, "money management" best advice I was ever given, and I have already started to pass this same info on to our girls. We do over pay on the mortgage as this does save money over the long term.

ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 2027
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