Exchange rates are currently holding their own against the Euro despite the latest rise - the last few times it's dropped considerably when the rises were announced.
Interest Rates to rise this week?
- Thread starter Big Jeff
- Start date
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Winger
Noticed the gap between petrol and diesel was as low as it’s been for a while as well
HABA87
Striker
137.9 when I was out on my messages last night. Tesco Dragonville.
I'd seen a picture from ages ago on my WhatsApp where it was well over 190, and a reply from a mate buying diesel at 199.9
AndrewP
Striker
Probably cheaper than it was a few years ago when you factor in inflation.137.9 when I was out on my messages last night. Tesco Dragonville.
I'd seen a picture from ages ago on my WhatsApp where it was well over 190, and a reply from a mate buying diesel at 199.9
Job done for the oil companies - they've conditioned us to think that anything under £1.40 is 'cheap', even when the barrel price is dropping down to pre-Covid levels.137.9 when I was out on my messages last night. Tesco Dragonville.
I'd seen a picture from ages ago on my WhatsApp where it was well over 190, and a reply from a mate buying diesel at 199.9
Unlucky marra.
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Winger
Biggest con was when they changed the prices from gallons to litres. It’s been 9 pound odd a gallon
Dave Herbal
Striker
Well unless the debt is interest free, it’s generally going to cost more then savings are going to make.
Would anyone give a mortgage that won’t finish til you’re 70?
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AndrewP
Striker
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Soap MacTavish
Central Defender
Our mortgage finishes when we are 72. Only a small mortgage mind and a very large deposit on the house. That might have helped
a1970man
Striker
Had a talk about mortgages, pensions and saving with a financial bloke a while ago.
He reckoned it was all down to interest rates.
If your getting 6% a year on your pension, don't take money out of it to pay off a mortgage that your only paying 3% on.
Same deal with savings, check the rates and move the cash, if your only getting 1% savings interest, pay off debt that your paying 5% on.
So for many pensioners, it makes sense to carry on with a mortgage rather than paying it off if your can afford the repayments from your pension.
He reckoned it was all down to interest rates.
If your getting 6% a year on your pension, don't take money out of it to pay off a mortgage that your only paying 3% on.
Same deal with savings, check the rates and move the cash, if your only getting 1% savings interest, pay off debt that your paying 5% on.
So for many pensioners, it makes sense to carry on with a mortgage rather than paying it off if your can afford the repayments from your pension.
Horatio Pugwash
Striker
I suppose they would, unless you were after a new build with garden and garage back then as well
Roaring Chubby
Winger
This advice makes loads of sense but I don’t think the majority have the levels of cash and assets to get meaningful benefits of managing money like this, I think most live month to month with low levels of savings.
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Winger
Not sure pensioners need the volatility of the stock market though. Steady away when you get to that age
Dave Herbal
Striker
My mam still has her house so there’s a probability that I will get a large cash sum before I’m 70. Dunno if they’d take that into account?
Horatio Pugwash
Striker
rudd
Striker
Been doing a bit of work in Bishop Auckland recently. Prices there must be amongst the lowest in the country, unleaded 1.32 and diesel 1.36
Roaring Chubby
Winger
There’s a garage there that tries to offer the fairest prices they can, I think it’s a Jet
rudd
Striker
Aye that’s the one! The Sainsbury’s was only a penny more.
Roaring Chubby
Winger
Ask her if she will release the equity to you now. It costs but if you avoid paying rent for years it might make financial sense.
