Preparedness for when

DawnW

Bedsit_Bob wrote: »

Someone with that much income (well over £100,000), really should have a fair chunk of savings, against unemployment, illness, etc.

Well, you would hope so wouldn't you? I bet there are some that don't though :eek:

[Deleted User]

westcoastscot wrote: »

If it isn't nailed down heavily here the wind takes it - you know, sheds, bins, small children, little old ladies :rotfl:

Cats, dogs, cows, horses, elephants.

[Deleted User]

pineapple wrote: »

Wow...
I think I hate you!

Well, as I only pay £42 pm, you can hate me too, but a bit less.

Weather here is quite breezy and, until a few minutes ago, was raining lightly, but nothing too bad so far.

RAS

DawnW wrote: »

Well, you would hope so wouldn't you? I bet there are some that don't though :eek:

There will be a good many that have very large mortgages and roughly a year's salary worth of debt on credit cards etc.

There was one stunning thread on the debt forum; one of the very few times I accused someone of trolling.

The statement of affairs indicated spends of £7,500 pcm, including a very large mortgage (over £3,500 pcm) with limited equity and a £25K credit card debt.

She had been made redundant several months previously and he had just been advised that he was losing his job. His pay-out would be £25K so she wanted to pay off the credit card debt and sell the house ASAP.

The frightening thing was that his income was £4,500pcm so they had been overspending by £3k per month for some time. Even when she was working their joint income did not match their month expenditure, before one even added the foreign holidays and other unidentified spends.

[Deleted User]

Must admit, I've been pleasantly surprised at how mild the weather has been here.

Being so exposed, winter weather is usually pretty atrocious.

[Deleted User]

RAS wrote: »

so they had been overspending by £3k per month for some time.

That means they were overspending, by more than I earn. :eek:

fuddle

I bet there's a fair few people at the moment wishing for snow closed roads as apposed to water lapping through their front doors.

Mild weather is so obviously just as SHTFesk as minus temps.

GreyQueen

Quite believe it, RAS, having worked in debt advice, I've seen all sorts and it isn't always the people on the smallest incomes who are in the largest amounts of debt. Oftentimes, a higher-that-average salary keeps company with higher-than-average spending, and then over-spending.

My income hovers just at £10k and I manage just fine, but life is lived very modestly. I have what I can afford, and that's more than enough, but I wouldn't be inciting the envy of any Joneses.

If I had pots of money, I wouldn't want be a Flash Harriet, I'd want to be able to have my time to be busy about my own affairs, not dripping jewels and designer togs and all that jazz.

Something that both working and personal life have brought home to me is how what appears to be an enviable life; good job, lovely home, fancy car etc etc, can disappear quite quickly if it's built on debt.

As the financial saying has it; only when the tide goes out, can you see who's been swimming naked.

I always have a sturdy but unglamourous cozzie on.

thenanny2die4

Hollyberry wrote: »

thenanny Could I ask what work you've done on your insulation? I've made some progress with ours, but I'd love to know what you think has made the biggest difference.

When we redid the living room, we went right back to brick, dealt with some damp issues and then lined all the walls with ridiculously expensive insulated boards before skimming. We also fitted carpet for the first time (we'd been putting up with a painted concrete floor up till then) and invested in really high quality underlay. DH is constantly topping up the insulation in the attic too.

mardatha

We have a snow warning for tomorrow, I hope it means we get some proper winter..