Overdraft Sad Face: the embarrassment of riches

I read this article on the BBC which is all about the how spending money you don’t own is a recipe for disaster or to put it another way “Overdraft woes: ‘We were one bill away from disaster'”.  Since the general consensus in the UK is that you are not responsible for your own financial decisions, the nasty banks are making money out of hard working debt slaves families.

GFF sees this as a symptom of a much greater problem and one that deserves a bit of discussion

Continue reading “Overdraft Sad Face: the embarrassment of riches”

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The Dangers of Double Counting

I’ve just uncovered a mistake in my Expenses Spreadsheet.  It tracks all of my Income, Outgoings, Assets, Liabilities and Transfers.  I’ve been keeping it in some form for 17 years and if I spent as much time as I have working on it, learning the piano, I’d be a maestro! Continue reading “The Dangers of Double Counting”

Month End: October ’18 – assets and spending

What a difference a month makes!!!

Whilst I was enjoying family bliss away from the world, the world was going to pot!  Stock markets were crashing and all sorts of scares were about.  I didn’t pay much attention to it, although  I did see it as a buying opportunity.  But mostly my focus was on family – but since you wouldn’t put a price on your kids, I’ll leave them out of the equation.  So, here’s how the month went for us: Continue reading “Month End: October ’18 – assets and spending”

Family Weekend: Crabs, berries and baby market

What a fun weekend for the Family.

I think that part of working hard during the week is to make sure that the weekend is free to unwind, relax and spend time together as a family.  Sure, work thoughts do creep into my head (but I wish they wouldn’t) but it’s very important to me that I leave work at work as much as possible.

Continue reading “Family Weekend: Crabs, berries and baby market”

Geriatric Interest Only Mortgages

I just read that now older mortgage holders will be able to continually rent their home until around the time they move into an old folk’s home (or die).  Accordingly, Leeds’ Building Society has new INTEREST ONLY mortgages offered to borrowers aged 55 to 80.

Well – when your house could have earned more money than you have in your lifetime, why should you not just MEW be increase in price and continue the luxurious of mortgage usury? Continue reading “Geriatric Interest Only Mortgages”