We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Wonderful News ....
Comments
-
I'm just about to buy a new car ...... not a cheap one either, times are right for buying!
I've got money in the Bank - each £100k just earns me £1.5k a year before tax, take the 45% tax off and what's the point? No point whatsoever .... so, bring me the Aston Martin - I wish to live a little!
Saving is for mugs now ....... I'm opting for living!! Cash is just a number.
I would have thought someone smart like you would have it invested wisely not squirrelled away in the bank.
Are you like a poor aspiring LM?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
.....I've got money in the Bank - each £100k just earns me £1.5k a year before tax, take the 45% tax off and what's the point? No point whatsoever .... so, bring me the Aston Martin - I wish to live a little!
Saving is for mugs now .......
That's the spirit. Helps the economy too.
Of course bunging it some carefully selected funds might get a bit more than that - tax free if you only take the profits in annual slugs of around £10K.
With inflation at, say, 3%, then your savings are actually depreciating at around 2.2%. I'm sure you car won't depreciate by the same amount....0 -
Thing is, I would rather let the car depreciate as I'm enjoying it than money in the bank worth less and less each month without it giving me any pleasure at all ....... even knowing I have some wealth behind me doesn't equate to the depreciation I'm suffering.
I'm going back to the garage to have another look at this car ..... I'm trying not to spend the money, but I'm old and it's doing nothing for my income now.Bringing Happiness where there is Gloom!0 -
grizzly1911 wrote: »I would have thought someone smart like you would have it invested wisely not squirrelled away in the bank.
Are you like a poor aspiring LM?
At my age I cannot put at risk anything really - it secured funds and that doesn't pay more than 1.5% now.
I give up Mr Osbourne - I'm going to assist your consumer led recovery tonight probably if this car captures my soul ...Bringing Happiness where there is Gloom!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards