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Balancing savings v mortgage

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Comments

  • Albermarle
    Albermarle Posts: 28,518 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    There is a name coined for his  behaviour with money ' Reckless Conservatism '
    It means he is so cautious about investing he is actually taking more of a risk than he appreciates .
    It is better of course than him blowing it all on fast cars and casinos but not ideal . Also as mentioned earlier tax issues could come more into play later in life.
  • ZeroSum
    ZeroSum Posts: 1,221 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    An accountant who's lazy with their own finances? 
  • Imelda
    Imelda Posts: 1,402 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    ZeroSum said:
    An accountant who's lazy with their own finances? 
    Yes! Seems quite common. He also does his tax return on the last possible day and often has to pay a fine because he has lost/ forgotten his log in details.
    No, I don't understand it either ......
    Saving for an early retirement!
  • Albermarle
    Albermarle Posts: 28,518 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Imelda said:
    ZeroSum said:
    An accountant who's lazy with their own finances? 
    Yes! Seems quite common. He also does his tax return on the last possible day and often has to pay a fine because he has lost/ forgotten his log in details.
    No, I don't understand it either ......
    Isn't it quite common in many jobs , that people's personal behaviour does not stack up with their job role ?
    Doctors who have unhealthy habits , top chefs who eat junk food, family social workers whose own lives are dysfunctional etc 
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