Sacrificing today for a bit more tomorrow ......

missbiggles1

d70cw6 wrote: »

split your salary up into pots
20% into pensions
20% into savings
20% into mortgage
20% into bills
20% into luxuries
20% into dreams

I don't think I've ever paid as low a proportion of my income as 20% on a mortgage - that must be a northern saying!:D

saver861

"Better is the cottage where one is happy, than the palace where one weeps"

So often said, money can't buy happiness or contentment. Where people seek exterior furnishings as a means contentment, such contentment is likely to be short lived.

Everything is a balance. Money is intended to be a servant and not a master. For those who money is a master, no amount of money will be enough. For those who have inner contentment, no amount of money necessary.

bugslet

saver861 wrote: »

"Better is the cottage where one is happy, than the palace where one weeps"

So often said, money can't buy happiness or contentment. Where people seek exterior furnishings as a means contentment, such contentment is likely to be short lived.

Everything is a balance. Money is intended to be a servant and not a master. For those who money is a master, no amount of money will be enough. For those who have inner contentment, no amount of money necessary.

Very true...though I've found that my new kitchen has brought me more contentment than one might imagine....:o

saver861

bugslet wrote: »

Very true...though I've found that my new kitchen has brought me more contentment than one might imagine....:o

Has your new kitchen not provided you with more convenience rather than increasing your contentment? The new kitchen will one day become old and things will not work as they did. This might increase the inconvenience but will not dampen your contentment!!

Money buys convenience!

Nonetheless, have fun in your new kitchen .... have you got the kettle on? :cool:

uk1

saver861 wrote: »

"Better is the cottage where one is happy, than the palace where one weeps"

So often said, money can't buy happiness or contentment. Where people seek exterior furnishings as a means contentment, such contentment is likely to be short lived.

Everything is a balance. Money is intended to be a servant and not a master. For those who money is a master, no amount of money will be enough. For those who have inner contentment, no amount of money necessary.

Money certainly does become the master and you can be completely enslaved by a serious lack of it.

bugslet

saver861 wrote: »

Has your new kitchen not provided you with more convenience rather than increasing your contentment? The new kitchen will one day become old and things will not work as they did. This might increase the inconvenience but will not dampen your contentment!!

Money buys convenience!

Nonetheless, have fun in your new kitchen .... have you got the kettle on? :cool:

Neither more nor less convenience really, but it doesn't have the ceiling caving in, lived with that for 3 years and it now has a window at the back and it's so much brighter. The old kitchen was anti-contentment:eek:

Do you want milk? Sugar?:D

d70cw6

tiger_eyes wrote: »

And now that you've spent 120% of your salary, how do you fund the debt repayments?

from your dream fund, obviously.

d70cw6

missbiggles1 wrote: »

I don't think I've ever paid as low a proportion of my income as 20% on a mortgage - that must be a northern saying!:D

get a better paid job.

Kendall80

d70cw6 wrote: »

get a better paid job.

Preferably a smaller mortgage.


Just worked mine out its just about 20% of my gross income but 12% of both our joint gross income (me and wifey).

uk1

Kendall80 wrote: »

Preferably a smaller mortgage.


Just worked mine out its just about 20% of my gross income but 12% of both our joint gross income (me and wifey).

Play it well and you might have two homes which take zero percent of your income ...... but to do that you might have to take ludicrous and some say unacceptably stupid risks like giving up a well paid job to start a business .......

:T:j:beer: