What would your advice be for a first time buyer with a very small pension pot?

short_butt_sweet

Alexland wrote: »

I must be green too as I have never bought a lottery ticket or game card. It really irritates me when I am queueing in a shop behind someone buying them as it's a complete waste of their money and all of our time.

to be fair, that's your mistake, choosing to exist in a corporeal form. i only exist online, and never have problems like that

Alexland

short_butt_sweet wrote: »

to be fair, that's your mistake, choosing to exist in a corporeal form. i only exist online, and never have problems like that

Don't you ever worry your MSE Forum network packets are being dropped because your ISP has chosen to prioritise traffic for people accessing the lottery website?

Alex

JustAnotherSaver

Alexland wrote: »

I must be green too as I have never bought a lottery ticket or game card. It really irritates me when I am queueing in a shop behind someone buying them as it's a complete waste of their money and all of our time.

Alex

Yes but if someone put a scratch card in your hand you'd know what one was right?
And wouldn't need to ask what to do with it, right?


I started winding him up telling him to turn it over and he has to start scratching on the rear of it. He started doing it.


Then i said you need to sniff it. If it smells then it's a winner.


Almost had him until other family members bailed him out :rotfl:

Alexland

I would turn it over and see if there is anything written on the back about getting a refund for an unused scratch card.

Superscrooge

Alexland wrote: »

I must be green too as I have never bought a lottery ticket or game card. It really irritates me when I am queueing in a shop behind someone buying them as it's USUALLYa complete waste of their money and all of our time.

Alex

Just a little correction to allow for those that do win the jackpot

Mr.Saver

Superscrooge wrote: »

Just a little correction to allow for those that do win the jackpot

If you think the group of people who buy them as a whole, scratch card is a negative-sum game for sure. No doubt about it.

Mr.Saver

Alexland wrote: »

I would turn it over and see if there is anything written on the back about getting a refund for an unused scratch card.

You probably can save the time of reading the small prints by selling it to someone in the queue.:rotfl:

Mr.Saver

JustAnotherSaver wrote: »

For those in question they are not 40% tax payers and very likely never will be.



The other thing i'm wondering which obviously you guys can't help with is whether they'll ever be in a position to buy and i don't mean totally money.
I could save & save fairly hard. They can't, not like i could, nowhere near.

I had a tunnel vision goal of buying my house & not struggling. They have various goals, mostly regarding enjoying today & tomorrow but next week is so long away.
I was in a very solid relationship. Sure everything can change but i don't see my wife & I ever separating. We barely ever argue, we're very well suited, been together for 15+ years. My sister is in a relationship but despite it being 2-3 years in i do wonder. My brother is against women full stop after the last episode & that was 3-4 years ago.


So i wonder if they'd ever buy anyway or just rent.

My sister doesn't want to rent but who knows.
My brother is extremely green in life to a level where you guys reading this would think i'm making it up. I'll give you an example - he was given a scratch card & asked what it was. When he was told he asked what you're supposed to do with it. :rotfl:I don't mean he's mentally handicapped but he's just pretty clueless in life. I'm not sure how he got to be so bad at it. So i'm not sure whether he'd actually function on his own.
Still, better to have the money there as an option than not.

To be fair, if they don't have the ability to manage their own money, even they had the deposit (say, a windfall), they probably won't be able to keep up with the repayment. It wouldn't be that painful if they have never owned a home, but I bet it hurts if they had a home taken away because they couldn't afford the mortgage.

JustAnotherSaver

Mr.Saver wrote: »

To be fair, if they don't have the ability to manage their own money, even they had the deposit (say, a windfall), they probably won't be able to keep up with the repayment. It wouldn't be that painful if they have never owned a home, but I bet it hurts if they had a home taken away because they couldn't afford the mortgage.

That's what i'm saying - there's no cert with those 2 whether they'll own their own home.

My brother most certainly is a concern whether he'll function by himself.


My sister would like to own her own home but again it's whether she will. At least she has a sense of direction. She just doesn't do herself any favours regards saving.


Still, like i say, it's better to have the money in place than not. It's slowly being put across in to their cash LISA anyway since i can't see them owning a house any time soon. With HTB interest higher that's the reason it's getting whittled across slowly rather than transferred in one lump.


But while they may or may not ever own their own house, there will come a time they'll be wanting to retire i guess.