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Living abroad tips and hints for money savers

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Comments

  • droopsnout
    droopsnout Posts: 3,620 Forumite
    Pound has fallen back somewhat overnight:

    1 GBP = 1.09104 EUR
    1 EUR = 0.916559 GBP
    Much of the social history of the Western world over the past three decades has involved replacing what worked with what sounded good. - Thomas Sowell, "Is Reality Optional?", 1993
  • droopsnout
    droopsnout Posts: 3,620 Forumite
    Welcome back, mw. Love the niece's advice. Such simple common sense! So just get on with it, OK? lol

    Take care of yourself. There seems to be a lot of illness about.
    Much of the social history of the Western world over the past three decades has involved replacing what worked with what sounded good. - Thomas Sowell, "Is Reality Optional?", 1993
  • Merrywidow
    Merrywidow Posts: 766 Forumite
    Thanks droopsnout - If only it was that easy!!! Quite mad to catch cold, have avoided it uptil now but said niece(s) were full of it so I guess the culprits are easy to spot. Worse actually is because of the cold my ears blocked on the flight home and are still blocked!! This happened two years ago and the day they unblocked was noisy hell. Right now I can't hear the cars in the road outside and that is heaven.

    Papers were full today of the predictions for the pound versus the euro and the dollar. Reckons it will be back to normal by mid year. Wish I had their glass ball!!
    member # 12 of Skaters Club
    Member of MIKE'S :cool: MOB
    You don't stop laughing because you grow old,
    You grow old because you stop laughing
    :D
  • droopsnout
    droopsnout Posts: 3,620 Forumite
    Merrywidow wrote: »
    If only it was that easy!!!
    Surely you jest!

    Well, I hope the papers are right. It would be a great relief, I know that.
    Much of the social history of the Western world over the past three decades has involved replacing what worked with what sounded good. - Thomas Sowell, "Is Reality Optional?", 1993
  • droopsnout
    droopsnout Posts: 3,620 Forumite
    At risk of seeing my name here too often ...

    1 GBP = 1.11100 EUR
    1 EUR = 0.900093 GBP

    So good news. Or rather, I think that this is because of negative sentiments about certain continental economies.
    Much of the social history of the Western world over the past three decades has involved replacing what worked with what sounded good. - Thomas Sowell, "Is Reality Optional?", 1993
  • seven-day-weekend
    seven-day-weekend Posts: 36,755 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Oooh, wow, let's hope the rise continues.

    If it gets to 1.3, we'll move quite a bit over from savings.

    Then we can replenish the savings from the pension.

    See, I've thought of everything!
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • Francophile
    Francophile Posts: 765 Forumite
    O fcourse our monthly transfer went on the day the € was at it's lowest. Sod's law!!!
    Member #7 SKI-ers Club
    Norn Ireland Club Member 215
  • seven-day-weekend
    seven-day-weekend Posts: 36,755 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Francophile wrote: »
    O fcourse our monthly transfer went on the day the € was at it's lowest. Sod's law!!!

    Yes, our last one did too!
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    seven-day-weekend wrote: »
    Oooh, wow, let's hope the rise continues.

    If it gets to 1.3, we'll move quite a bit over from savings.

    Then we can replenish the savings from the pension.


    Good thinking. :) IMHO if living overseas it's useful to have up to around 6 months to a year's local living costs parked in a savings account in the local currency. It doesn't have to be in a Spansih bank, could be in a Euro account in an offshore UK bank. This is so that you don't have to access sterling at times when the rate is low.
    Trying to keep it simple...;)
  • droopsnout
    droopsnout Posts: 3,620 Forumite
    Despite the reduction in interest rates today, the pound has just gone through 1.11€. :)

    1 GBP = 1.11082 EUR
    1 EUR = 0.900237 GBP
    Much of the social history of the Western world over the past three decades has involved replacing what worked with what sounded good. - Thomas Sowell, "Is Reality Optional?", 1993
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