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House Price Crash Forum

Money Frugality

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Everything posted by Money Frugality

  1. I do hope you're right.. I own my own place but as common knowledge on here that's contrary to everyday belief.. If mine drops the step up drops by more.. The nice shiny cars people have on finance.. Be prepared to be forced to sell your assets and have the actual prudent folk pick them up at massive discounts.. No one gives a sh*t you made some bad decisions.. Make better choices end of.. The Highway man is about to be redefined if you are correct.. I hope you are. Provided we don't all lose our jobs lol..
  2. Thanks for this.. Social distancing and I’ve felt even more alone that I’m the only one who thinks this.. People are cheering for these ******ing totalitarianism and draconian measures... ‘Experts’ who smash their bodies and financial situations apart. Save lives yeah but don’t dismantle a total economy and generations future prospects in the process. The fall out and over reaction to these measures are going to be the real killer here.
  3. All I see here is buy.. Oh look sales..! Sales everywhere. I just upped my monthly DD to my account.. Right on cue if you ask me.
  4. Yeah I hopped into fintech recently too if all remains calm with continued growth it can be quite lucrative. A lot of smaller platforms are ripe for development..! This is what effectively amounts to a replacement for a bank thus must appeal to the masses.. As with any new entry to a market there are years worth of losses before the money rolls in.
  5. https://www.ft.com/content/09e535b8-4902-11ea-aeb3-955839e06441 Sajid Javid risks Tory ire with Budget tax raid on top earners Idea to cut pension tax relief to 40% ... Eh? The ever moving retirement goal posts..
  6. “If you’re not liberal under 25 you have no heart if you’re not conservative after 30 you have no brain.”
  7. I must have took it personally haha ?! Probably tired of the notion of others thinking I’m too laid back to have some intellect or work ethic.. I think that’s the issue though, peers believe in a means to an end if they have well off parents or a decent job. My parents aren’t in bad situations but tbh I don’t want a dime.. Pass it to my sibling. In reality unless mum & dad kick the bucket or bail you out at their expense no one will learn true freedom and experience to live how you truly want is a pipe dream if chained to inadequate financial choices and commitments.. Apologies for being blunt but the notion that money buys freedom is more evident now than ever; frustrating my peers don’t realise this ?
  8. You're always so quick to label the "yoofs".. Not all of us are feckless idiots.. I'll capable of retirement by 45 at current pace and predictive past provided I don't get wifed up and held to ransom.. Dating; either the hand comes out or they think you'll have a god complex; Not the case.. But irrespective of the matter; maybe I should just learn to not think out loud so much.. ? Even peers who are in good jobs with landlord type parents just spend spend spend.. Cars, multiple holidays, designer.. Yet are in 2 up 2 downs or rented.. No savings.. No concept of financial literacy.. I'm not a hermit but I have everything I need and run 4 vechiles (used) myself so it's not as if I don't have my own moments. To some extent I'll agree with you on the experiences front from us Millenials but some just don't know when to quit or prioritise.. Edit: Just to add to this as I read the subsequent posts.. The amount of people who don't even hunt around each year for reductions in mandatory expenses.. Internet, insurance(s) etc is ridiculous..
  9. Don't worry, I'm clued up on it all . From what I've read of your posts, I'm a tad younger than yourself but similar situations respective of time.. Started investing (not trading like peers) since starting work after graduating.. Follow the same concepts of RIT with regards to min. expenses, max. income, low fees, allocation etc although being sub 30 admittedly my investments are 100% stocks but diversified by industry and globally.. no bonds/gold.. I'm not moaning from a long term perspective regarding cash; I hold more in stocks. I'm moaning because 3% was generous on a circa 12 months expenses pot that really is not going to be put to use aside from the occasional luxury and DR purposes. What brought me here was house prices when I lived in the south. Being up north now (closer to home anyway) that's not an issue anymore.. Bought after I turned 23.. But of course the end goal is setting things in place for retirement right? Early, I feel like I wouldn't when I get there. But the option to would be freeing enough given how saving alone alters your mindset. >40% divorce rate though and my track record says I'll get taken for half my shit before that time. This lol.. Good job on people who have made a lot on bitcoin.. But tbh I never saw it as a long term buy thus probably would've sold long before it went stratospheric.
  10. This really got to me and all! Bit of a joke really rates dropped what 1/4 % and they halved the interest rates. Now again they're cutting it.. What am I really supposed to do with any cash? Majority in stocks but my buffer is just sat there devaluing from inflation. Albeit not a lot but that's not the point. Marcus from Goldman Sachs do 1.35% with an annual bones of I believe .15 so 1,5 total? But its literally just an online easy access saver so no cash back etc. Unfortunately to say.. Im still better off with the 123 on the cash back & interest.
  11. Depends on how long you’re saving for.. Idea is long term the compound interest makes it worthwhile to defer tax + national insurance. If you’re planning to retire early though and don’t trust how far the retirement goalposts are going to move.. Hedge your bet. That’s just me being cynical though.
  12. https://www.bbc.co.uk/news/amp/business-51011000 Date set for 11th March What’s everyone expecting?
  13. Rolling by after 2 years to say: ah some sense, thank you.
  14. Ah great so Santander will be going back to 3% now!? Wait, what do you mean no! Why not!
  15. Very sad situation for bikes- it seeps into used prices as well as a similar bike as I sold a few years ago is somehow going for more than I sold & bought it for. The manufacturers had it coming with their pathetic attempts at security. That and as above cars being so cheap.. I don’t own a bike anymore but looking at used prices of the Japanese 600s is quite ridiculous if I’m honest. ONCE AGAIN it’s being propped up by pay monthly finance deals!
  16. You all earn your money (I hope).. It’s what you do with it.. As Venger would say, your adults, market choices, take your risk etc. They’ve made better choices than the majority of finance car buyers (no offence venger don’t get triggered) and I believe their figures. Good for them.
  17. Some one posted a graph in the other thread showing every November as a rate hiking call yet nothing materialises. Helping make the Christmas spending just that as opposed to borrowing? Seems to be cross interpretations of his words either way.
  18. Can confirm this after literally just cutting my own 10 minutes ago. I actually find it preferable to cut my own rather than have a barber/hairdresser (whichever you prefer) do it as I can get it exactly as I want rather than relying on their interpretation of what I want. I can also cut in the comfort of the dressing room chair ☺️. Assuming average joes spend £15 on a cut each month? (barbers is what £10-15 for a cut + £5 for a two weekly tidy up or £30-50ish for a normal hairdresser depending on location..? You can spend hundreds but that’s just being naive) Minus the cost of Wahl 5* clippers and trimmer, some decent scissors, cape, mirrors etc. I’ve saved at the very least £300 so far over the past two years. Yes, I’ll admit I f****d up the first time but once muscle memory kicked in I can now do great fades & cut different styles with scissors or clippers or razor blades in under an hour now . If I want to learn a new style i’ll YouTube or google it. I’ve not lost any time as I’d be sat in the chair + travel time otherwise.
  19. Local corner shop/take aways in trouble!?
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