pjcox2005 Forumite

That would always be my view as well that you're better off keeping the money in savings. It does though assume you have savings plus job/health security and won't require/qualify for benefits at any stage. If potential benefits are in point, then that may give a different option as I believe savings may restrict access…

It depends a bit on how big the emergency fund is, how much security you have in your job and the returns by investing above those you'd get from saving. If you build up an emergency fund plus funds for cars, house repairs etc then this may hardly be touched over a long period and earning less than investments.…

I'd take the emotion out and would overpay the one with the higher interest rate which i presume will be the unsecured loan, and then keep meeting the payment obligations for the rest. On your husbands credit card, what is the expenditure on? If it's things just for him e.g. hobbies and costs he didn't need to incur, or…

Your money and you can do what you want with it, but under the current terms you have clearly treated your daughter differently to your son. Whether that's a one off, or feels to him a culmination of you supporting your daughter with him "missing out" we don't know. Some siblings get annoyed at parents supporting others,…

I'd say worth it for a year but i wouldn't then renew as I got tired of being a theme parks/queuing although that's with younger kids so less exciting rides. The range for a day trip to london, Alton Towers, legoland, sealife and warwick castle meant we broke even pretty easily though. I think we did AT and legoland within…

Haven't read all comments but the article really should reference pension payments. Many have too little pension, so paying more into these with the tax saving, often employer matched contributions and the growth will be way more effective than overpaying a mortgage, even if that means you need to use part of that pension…

You're getting tied up looking at the wrong thing, the paper round is irrelevant to a degree and the question is whether his combined earnings are under the personal allowance of £12,570 which they will be - in which case he won't suffer tax (slightly different rate for national insurance but i expect still earns too…

It's not the biggest issue if not regular, maybe think about why your neighbours as for a delivery before 6am and presumably how busy (maybe hard) that their days are.

If your remortgaging in Feb 24 then it suggests currently you're probably on a low(ish) mortgage rate, and as you can get savings accounts above 4.5% then savings will trump it. Gives greater flexibility, saves more and you can always make a £40k payment when remortgaging. In terms of loan v savings, then the main point is…

Where you have a change of control and change in conduct or nature of the trade then those losses are forfeited so you'd need to look at how related that business is to see if it results in change in conduct or nature. Technically if you were to change, so no cease all activity with their existing clients etc then you may…

Fully agree with this.. as long as you have the will power and financial management to do that and not touch the savings.

Personally i wouldn't pay down a mortgage early, but instead put some in pensions and then other investments. The pension will outperform the mortgage payment as you'll get the significant tax saving plus likely earn more than the 1.44% interest rate saved on the mortgage. The only two things which would stop me putting it…

A large pension contribution has to be the way to go, saves 40% or more tax and given age you’ll be able to access it quickly with an element tax free and the rest I expect still at a lower rate

As long as you get a sensible bank account the difference on rates will be minimal I expect. 5 year fix c.4% or 2yr 4.5%ish if you have a reasonable LTV. Easy access saving 3.5% or if you take an account you give 90 days notice then this goes up to 4%. Assuming we're not talking fortunes and temporary holding then costs…

I'd go slightly different, and say you need to have a clear look at your finances and see why the debt is arising. If you have an income say of £4k a month, your normal living expenditure (including budgeting for the annual stuff) is £3k, and you're increasing debt due to home improvements and/or interest payments, then…

If you would have liked the promotion, then I'd personally focus less on the process (assuming not nepotism or some other inappropriate form) and try to establish why others with less time there (not sure if they've got less experience) are seen as significantly better that they get the job without any discussion with…

This isn't the correct answer but you get a £1k allowance for trading income so that it's exempt from tax for an individual. Given that protection, I'd probably not worry about structure, registration, tax etc yet although it is very important. But first invest all your energy and time in crafting, try to create sales and…

We're all different and have different standards. To me i wouldn't expect someone to clean an item that typically gets dirty in use unless i was paying a lot of money (e.g. car). I appreciate you haven't given feedback to the seller, but i personally think you come across a little ungrateful in not appreciating someone…

Ultimately your wife has said her inheritance is there for family use, and when the time has arisen (i.e. your surgery) she has said no problem and been willing to pay. Turning that down and taking out a loan would be ridiculous. The second part of the conversation i can see as an annoyance which you just need to chat…

Sorry I hadn't seen the second post from the OP which does post it as much more disfunctional and more verbal abuse. There is a disparity between that and first post given first post mentions £600 in the past and second post talks about much bigger gifts (iphones), cash and loans which seems odd but I can't ever imagine a…