MARTIN LEWIS Q&A WITH RISHI SUNAK
Chancellor Rishi Sunak joined Martin for a video Q&A to discuss the cost of living support package that was recently announced - you can watch it HERE
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"Mastering a low budget lifestyle now, means you are set for life" quote by 'Miss Babs'
Dog's 'Pot o' Gold' = £23.85
Household maintenance = 0
Prolific Academic = £41.64
I had a chat with my mortgage advisor about insurance yesterday. Looks like I'm going for income protection insurance that will cover me until age 60 and I obviously need buildings insurance too. Overall my outgoings will be a bit higher than my rent, but it's affordable and i'll have paid off the mortgage in 15 years.
Comparison sites for building / contents insurance, especially if you have a standard property, just read the assumptions / T&C's before taking the policy. I went with D.Line as they have set figures eg upto £1m for the building, upto £50k for the contents.
Sinking fund and emergency fund are the priority when in your own home.
Where possible pay annually for things eg home / car insurance, car tax, boiler insurance (if you have it, I haven't bothered), then you can put the equivalent away each month for renewal.
You might find things still balance out financially when it's your home. Although my mortgage is more than my half of the rent was, the council tax is cheaper.
I've done most of the decluttering, but there's now a pile of old documents that need to go through my manual shredder at some point. Today's extra cleaning job is the light fittings. To be honest, they weren't all that clean when I moved in so I need to go in with a damp cloth and remove all the dust and what looks like the odd dead fly
I've already cleaned all the windows and started on the bedroom, pulling out all of the furniture and getting the dust off the skirting boards. The shower needs a lot of attention every week - it's one of the old fashioned ones where black mould manages to make its way into every bit of grout, in the areas between the folding door. It's tiny as well so difficult to get in and spray mould remover around without getting it on myself. I can't wait to have a bathroom with a window I can open.
The good thing about renting is knowing what you definitely don't want in your own home.
Is it just me that really quite enjoys shredding?