I'm skint - Oh no your not.
Discussion
The thing with National Debt is that a significant amount of it is issued in gilts - which are a corner stone of investment (along with stocks and shares and property).
If countries all paid off their debts and started living super-frugally, in the way a household does, it would dramatically change the broader pension landscape.
A bit O/T, but just an observation.
If countries all paid off their debts and started living super-frugally, in the way a household does, it would dramatically change the broader pension landscape.
A bit O/T, but just an observation.
Vocal Minority said:
The thing with National Debt is that a significant amount of it is issued in gilts - which are a corner stone of investment (along with stocks and shares and property).
If countries all paid off their debts and started living super-frugally, in the way a household does, it would dramatically change the broader pension landscape.
A bit O/T, but just an observation.
Even further off-topic, if successive Governments hadn't used inflation as a tool to reduce effective National debt, it would be unnecessary to risk retirement savings chasing growth to offset it.If countries all paid off their debts and started living super-frugally, in the way a household does, it would dramatically change the broader pension landscape.
A bit O/T, but just an observation.
Ari said:
It is a common mistake, but the deficit is not what we (as a country) owe, it's what the gap is between our outgoings and incomings. So 'clearing the deficit' isn't getting back 'into the black', it is simply not getting deeper and deeper into the red!
When the deficit is cleared we will still be massively in debt, just not getting in any deeper.
At the moment we're getting deeper into debt at the rate of five grand a second. If you want to see what that looks like have a look here:
www.nationaldebtclock.co.uk
I should sit down first though...
It was my understanding that the UK is out of deficit on a monthly basis now.When the deficit is cleared we will still be massively in debt, just not getting in any deeper.
At the moment we're getting deeper into debt at the rate of five grand a second. If you want to see what that looks like have a look here:
www.nationaldebtclock.co.uk
I should sit down first though...
handpaper said:
Even further off-topic, if successive Governments hadn't used inflation as a tool to reduce effective National debt, it would be unnecessary to risk retirement savings chasing growth to offset it.
I try not to think too hard about modern economies as they are just the most spectacular house of cards!Vocal Minority said:
I try not to think too hard about modern economies as they are just the most spectacular house of cards!
At one time the balance of trade was reported on the news and when it approached zero/negative it was all very grave and serious. Nowadays, it appears to be the norm and Europe and Anglo-Saxon nations are surely on a very long-term slide.
People using credit cards buying stuff they don't need and takin out huge mortgages are somehow seen as a (the only?) positive things in the modern economy of the UK.
PAULJ5555 said:
Pixelpeep7r said:
Skint = lack of immediately available cash
Everybody has their own struggles, just because the things they have are nice/nicer it doesn't mean they have any more available cash than you do.
if you've ever said to someone that you're skint i wonder if they've thought 'well, you could always sell that car or that TV and surround sound system if you were that desperate..'
OP - You budgeting £250 to spend on sinking some speakers into a wall might seem a bit frivolous to some, does that mean you're 'rolling in it' ?
Thanks for looking me up. Everybody has their own struggles, just because the things they have are nice/nicer it doesn't mean they have any more available cash than you do.
if you've ever said to someone that you're skint i wonder if they've thought 'well, you could always sell that car or that TV and surround sound system if you were that desperate..'
OP - You budgeting £250 to spend on sinking some speakers into a wall might seem a bit frivolous to some, does that mean you're 'rolling in it' ?
MC Bodge said:
Why should people buy expensive presents for each other, rich or not?
Xmas presents are an out-moded concept. We almost all have more stuff than we need anyway.
Let's reclaim Yule from the Christians too, whilst we are at it.
Yeah, agree completely, it is for kids really, there is nothing people can buy me I generally want or I havent already got, and the Aston Martin presents are thin on the ground, just take the Secret Santa concept a bit further so everybody buys themselves something.Xmas presents are an out-moded concept. We almost all have more stuff than we need anyway.
Let's reclaim Yule from the Christians too, whilst we are at it.
Pit Pony said:
I think I come across as should not be skint, but I'm saying I'm skint.
Look at the facts from the outside.
1) Mortgage paid off
2) Cars over 10 years old paid for in cash
3) No debts
4) Hourly rate currently above £40 - last month I invoiced £8.8 K including the VAT
5) £650 into pension monthly.
But look at it from my view point.
1) The hourly rate is going into my ltd company.
2) This year me and the wife will declare a joint income of £25K
3) The rest is either in the business account, or spent on business expenses.
4) What is in the Business account rapidly drops when between contracts and the contract goes from being paid one week after submitting weekly invoice, to being paid 5 weeks after submitting monthly invoice.
5) What ever is in Business account by October is earmarked for an investment BTL which eventually will supplement my pension.
6) If I pay myself more now, both kids loose University Grants and Bursaries.
So I've been saying to the wife "can we put that off until April 7th please"
So not skint, just working the system to try and use other taxpayers cash.Look at the facts from the outside.
1) Mortgage paid off
2) Cars over 10 years old paid for in cash
3) No debts
4) Hourly rate currently above £40 - last month I invoiced £8.8 K including the VAT
5) £650 into pension monthly.
But look at it from my view point.
1) The hourly rate is going into my ltd company.
2) This year me and the wife will declare a joint income of £25K
3) The rest is either in the business account, or spent on business expenses.
4) What is in the Business account rapidly drops when between contracts and the contract goes from being paid one week after submitting weekly invoice, to being paid 5 weeks after submitting monthly invoice.
5) What ever is in Business account by October is earmarked for an investment BTL which eventually will supplement my pension.
6) If I pay myself more now, both kids loose University Grants and Bursaries.
So I've been saying to the wife "can we put that off until April 7th please"
berlintaxi said:
Pit Pony said:
I think I come across as should not be skint, but I'm saying I'm skint.
Look at the facts from the outside.
1) Mortgage paid off
2) Cars over 10 years old paid for in cash
3) No debts
4) Hourly rate currently above £40 - last month I invoiced £8.8 K including the VAT
5) £650 into pension monthly.
But look at it from my view point.
1) The hourly rate is going into my ltd company.
2) This year me and the wife will declare a joint income of £25K
3) The rest is either in the business account, or spent on business expenses.
4) What is in the Business account rapidly drops when between contracts and the contract goes from being paid one week after submitting weekly invoice, to being paid 5 weeks after submitting monthly invoice.
5) What ever is in Business account by October is earmarked for an investment BTL which eventually will supplement my pension.
6) If I pay myself more now, both kids loose University Grants and Bursaries.
So I've been saying to the wife "can we put that off until April 7th please"
So not skint, just working the system to try and use other taxpayers cash.Look at the facts from the outside.
1) Mortgage paid off
2) Cars over 10 years old paid for in cash
3) No debts
4) Hourly rate currently above £40 - last month I invoiced £8.8 K including the VAT
5) £650 into pension monthly.
But look at it from my view point.
1) The hourly rate is going into my ltd company.
2) This year me and the wife will declare a joint income of £25K
3) The rest is either in the business account, or spent on business expenses.
4) What is in the Business account rapidly drops when between contracts and the contract goes from being paid one week after submitting weekly invoice, to being paid 5 weeks after submitting monthly invoice.
5) What ever is in Business account by October is earmarked for an investment BTL which eventually will supplement my pension.
6) If I pay myself more now, both kids loose University Grants and Bursaries.
So I've been saying to the wife "can we put that off until April 7th please"
Axionknight said:
Pit Pony said:
I think I come across as should not be skint, but I'm saying I'm skint.
Look at the facts from the outside.
1) Mortgage paid off
2) Cars over 10 years old paid for in cash
3) No debts
4) Hourly rate currently above £40 - last month I invoiced £8.8 K including the VAT
5) £650 into pension monthly.
But look at it from my view point.
1) The hourly rate is going into my ltd company.
2) This year me and the wife will declare a joint income of £25K
3) The rest is either in the business account, or spent on business expenses.
4) What is in the Business account rapidly drops when between contracts and the contract goes from being paid one week after submitting weekly invoice, to being paid 5 weeks after submitting monthly invoice.
5) What ever is in Business account by October is earmarked for an investment BTL which eventually will supplement my pension.
6) If I pay myself more now, both kids loose University Grants and Bursaries.
So I've been saying to the wife "can we put that off until April 7th please"
That's all well and good, why don't you tell us what colour pants you have on too?Look at the facts from the outside.
1) Mortgage paid off
2) Cars over 10 years old paid for in cash
3) No debts
4) Hourly rate currently above £40 - last month I invoiced £8.8 K including the VAT
5) £650 into pension monthly.
But look at it from my view point.
1) The hourly rate is going into my ltd company.
2) This year me and the wife will declare a joint income of £25K
3) The rest is either in the business account, or spent on business expenses.
4) What is in the Business account rapidly drops when between contracts and the contract goes from being paid one week after submitting weekly invoice, to being paid 5 weeks after submitting monthly invoice.
5) What ever is in Business account by October is earmarked for an investment BTL which eventually will supplement my pension.
6) If I pay myself more now, both kids loose University Grants and Bursaries.
So I've been saying to the wife "can we put that off until April 7th please"
berlintaxi said:
Pit Pony said:
I think I come across as should not be skint, but I'm saying I'm skint.
Look at the facts from the outside.
1) Mortgage paid off
2) Cars over 10 years old paid for in cash
3) No debts
4) Hourly rate currently above £40 - last month I invoiced £8.8 K including the VAT
5) £650 into pension monthly.
But look at it from my view point.
1) The hourly rate is going into my ltd company.
2) This year me and the wife will declare a joint income of £25K
3) The rest is either in the business account, or spent on business expenses.
4) What is in the Business account rapidly drops when between contracts and the contract goes from being paid one week after submitting weekly invoice, to being paid 5 weeks after submitting monthly invoice.
5) What ever is in Business account by October is earmarked for an investment BTL which eventually will supplement my pension.
6) If I pay myself more now, both kids loose University Grants and Bursaries.
So I've been saying to the wife "can we put that off until April 7th please"
So not skint, just working the system to try and use other taxpayers cash.Look at the facts from the outside.
1) Mortgage paid off
2) Cars over 10 years old paid for in cash
3) No debts
4) Hourly rate currently above £40 - last month I invoiced £8.8 K including the VAT
5) £650 into pension monthly.
But look at it from my view point.
1) The hourly rate is going into my ltd company.
2) This year me and the wife will declare a joint income of £25K
3) The rest is either in the business account, or spent on business expenses.
4) What is in the Business account rapidly drops when between contracts and the contract goes from being paid one week after submitting weekly invoice, to being paid 5 weeks after submitting monthly invoice.
5) What ever is in Business account by October is earmarked for an investment BTL which eventually will supplement my pension.
6) If I pay myself more now, both kids loose University Grants and Bursaries.
So I've been saying to the wife "can we put that off until April 7th please"
She did this because SHE believes you should only claim if you need it. What that has cost us is about £70K. Not that I was happy as it meant that we were well and truely skint due to this, but hey...the stress of redundancy, and the stress of believing that we might loose the house, turned out okay. That we are trying to live on what we were living on before, and save the rest for a buffer, pay into a pension and to invest in something that will pay the bills if I drop down dead, isn't a crime. Neither is it immoral.
But my wife gets it more, because she's the one telling her family she can't afford to go out for a meal to a swanky restaurant, because she can't afford it. They can't understand how we are skint.
J4CKO said:
Stands back in amazement, I got my £40 back of my wife without being asked.
Sorted out the Child Benefit yesterday as they stopped it for eldest despite him being still in full time qualifying education, kind of irrelevant to a certain extent as I end up giving most of it back when I do my tax return but for one 15 min phone call I got a refund of £195.
I wish I had got into managing money years ago, amazing how much I have wasted on crap and given up in the past.
I found the Money saving expert quite good for that. Sorted out the Child Benefit yesterday as they stopped it for eldest despite him being still in full time qualifying education, kind of irrelevant to a certain extent as I end up giving most of it back when I do my tax return but for one 15 min phone call I got a refund of £195.
I wish I had got into managing money years ago, amazing how much I have wasted on crap and given up in the past.
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