monthly vs annual interest

VWPolecat

I always choose monthly interest as one thing you can rely on is the value of the pound goes down every year.
 Next year looks politically grim for inflation here. 

eskbanker

VWPolecat said:

I always choose monthly interest as one thing you can rely on is the value of the pound goes down every year.
 Next year looks politically grim for inflation here. 

What are you doing with those monthly interest payments that acts as any sort of hedge against either inflation or devaluation of sterling?

VWPolecat

eskbanker said:

VWPolecat said:

I always choose monthly interest as one thing you can rely on is the value of the pound goes down every year.
 Next year looks politically grim for inflation here. 

What are you doing with those monthly interest payments that acts as any sort of hedge against either inflation or devaluation of sterling?

Buying luxuries like food and paying poll tax or whatever its called now.

eskbanker

VWPolecat said:

eskbanker said:

VWPolecat said:

I always choose monthly interest as one thing you can rely on is the value of the pound goes down every year.
 Next year looks politically grim for inflation here. 

What are you doing with those monthly interest payments that acts as any sort of hedge against either inflation or devaluation of sterling?

Buying luxuries like food and paying poll tax or whatever its called now.

Although stockpiling long-life food would be one way, albeit fairly extreme, of hedging against inflation, the level of council tax is reviewed on a fixed annual cycle, so is unrelated to any inflation-based choices you make?