How much..........

Sally_A

do I have to have in the bank to be an eccentric, rather than a nutter?

Until interest rates go up on savings to about 8 - 10%, guess I'll just have to do with nutter status.

Edit: to be a true eccentric, I know I need about 15 cats, and push them in prams to the shops with me..I'm not a cat fan.....so have I failed at the first hurdle?

pollypenny

When you are old you can wear purple - there isn't a price on being an eccentric. I see it mainly as an age thing.

zygurat789

Sally_A wrote: »

do I have to have in the bank to be an eccentric, rather than a nutter?

Until interest rates go up on savings to about 8 - 10%, guess I'll just have to do with nutter status.

Edit: to be a true eccentric, I know I need about 15 cats, and push them in prams to the shops with me..I'm not a cat fan.....so have I failed at the first hurdle?

When you earn 10% on your savings, mortgage interest will be in the order of 15% or 3 times higer than now. This means mortgage repayments will be 2.5 -3 times higher than now.
If you have any kids they will need all your money just to pay their mortgage or lose their home - then you'll be a poor nutter.

lilac_lady

pollypenny wrote: »

When you are old you can wear purple - there isn't a price on being an eccentric. I see it mainly as an age thing.

Don't you also have to wear a red hat which doesn't go?

chesky369

.............Don't you also have to wear a red hat which doesn't go?

Definitely,, and spend all your pension on brandy and not have any left for butter.

margaretclare

zygurat789 wrote: »

When you earn 10% on your savings, mortgage interest will be in the order of 15% or 3 times higher than now. This means mortgage repayments will be 2.5 -3 times higher than now.
If you have any kids they will need all your money just to pay their mortgage or lose their home - then you'll be a poor nutter.

Well, I hope to God those times never return, because I can remember paying 15% on a mortgage of £45K in 1990. With the level of mortgages now, it's impossible even to save up a deposit, so what young folks are supposed to do, I can't imagine.

Even with the stock market in the dire state it has been of late DH and I are still doing better with our stocks-and-shares ISAs than we could possibly do with cash savings.

I am not sure what the connection is between having savings and being either an 'eccentric' or a 'nutter'. Is it considered to be such an eccentricity, to want to have savings 'just in case'? I've always been glad when I had some savings and needed something urgently. I've never been glad if I had no savings!

What have cats to do with anything? I wouldn't want the responsibility any more, of either cat or dog. They cost money if you're going to look after them properly - vets' bills, vaccinations, you name it. Also cats would not be welcome, treating my garden birds as prey.