But what happens when you retire?
That’s why I pay into a private pension and invest in things that make me money! I invested the money I had for a deposit to make me more money, a house I live in wouldn’t make me money, I’d just die and the government would take it away from any next of kin I might have.
I don’t think it’s that uncommon? My mum is in zero debt herself. She’s actually in credit with most thingsWhy has someone reacted with a sick face because I've said that I've got no debt or mortgage?!
Hahahaha standard jealousy probably! Anytime I try and show someone the maths of why I rent and not buy (there’s a £300 a month difference as in cheaper to rent, before you add in any maintenance etc) they just don’t get it because they’ve been programmed that you’re a fail if you don’t own a home. I’m not going into the nitty gritty on here but I’m personally much better off renting than buying. Not the same for all I know but no one understands how it’s possible.Why has someone reacted with a sick face because I've said that I've got no debt or mortgage?!
In my area, it is much cheaper to buy than to rent, but each to their own I guess. Plus, I don’t like the idea of paying a landlord every month. And there are many benefits to owning a home. I find it interesting, and of course you are entitled to your opinion.
I can’t pass bricks and mortar on no, but I can pass money on. I don’t just invest in banks etc, I invest in items too.
Fair enough. Still a risk though, but I suppose everything is technically!
Everything is a risk, owning a home, renting a home. Never know what’s around the corner
Is it worth taking a bank loan to pay them off? Anyone know how this will effect my credit score.. currently only managing min payments on them but really want to get them gone? Feel like a consolidated loan and closing the accounts may help?Yes, I’d recommend a bank loan and consolidate. That’s what I did, and I’ll have it all paid off in 5 years. As long as you can afford the monthly repayment. I’d recommend using comparison websites to find the best deal. I used money saving expert, but ultimately went to my personal bank as they’d written to me prior to offer a loan.Credit cards with £7,500
Why won't you just pay off that 100?I owe 6k on my car but I don’t see that as a debt as such. It’s a 4 year pcp agreement and I could just give it back in a year and be done with it. I won’t tho, I’ll swap it for another car
Just never got round to it
Cancelled the card years ago and I never notice the £5 leaving my account sooo...Good grief, what sort of uni course means racking up £50K of student debt? Genuinely interested, not being critical. I know some courses take years - veterinary surgeon 7 years, for example.
