I had my first flat when those interest rates were in the mid teens. I wasn't earning very much either. I also needed a car to get to work as I didn't work sociable hours, so that was another expense. I got a credit card purely for that reason. If anything went wrong with my car, I'd have been up s**t creek without any paddles. I only just had enough for food and my bills. Forget clothes or holidays or anything like that. Savings? No chance. When I got married and we bought our first house, and first baby, I was terrified we wouldn't be able to afford our bills. The first winter we had temps like last winter- regular spells of minus ten etc. No double glazing at that stage either. I had the heating on for an hour in the morning and an hour at midday, with a 6 month old baby. That was it until the evening. Food shopping was still made with careful choices. I've budgeted my finances very carefully for my entire life.
It's a place where beautiful isn't enough of a word....
I live in west central Scotland - not where that photo is...
Same here Fairy, married life 1st husband,a couple of rooms in Tottenham,no bathroom. Then Islington,he was a Horologist,we had to live above the jewellers shop. No bathroom. A baby,no washing machine. I had a mangle. This was 1970 We bought a caravan,which we lived in 5 years. Rural, neither drove. Sold that,it was deposit for 1st house. Kids shared bedrooms. Bought 2 bed maisonette. Turned lounge into 2 bedrooms. This was 1983, mortgage rate 12% 18 months later,it was 16% I had 4 jobs. Husband worked nights. When he worked days I switched to nights. A nursing home, hospital with crèche,agency and a cleaning job. Last House with him, re possession on divorce, emergency accomodation. Started again. Nights because no paying for childcare. I didn't go to bed after a night shift until my daughter went to nursery school at 4. We didn't have central heating in our last house till the mid 2000s. We sold our house, bought an unmodernised 1930 cottage for cash,(although it went up at the contract stage 10k, had to get a high interest loan) taking 12 years to do it up as we could afford,not having central heating until the mid 2000s. So I don't feel a bit guilty. I worked damn hard for what I have. .
It will be interesting to see how the situation unfolds this year.
From 6th April 2022 the national insurance is increasing, and this has to be paid by employees and the employers. Hence, another possible increase on goods & services.
So this is Rishi Sunak's first blow. If you don't work, sit back and make yourself a nice mug of coffee while you ponder what Sunak & Johnson may have in store.
"The Bank’s monetary policy committee will make an announcement on Thursday following its two-day meeting, with expectations that the rate will rise from 0.25% to 0.5% in order to tame inflation".
Same here Fairy, married life 1st husband,a couple of rooms in Tottenham,no bathroom. Then Islington,he was a Horologist,we had to live above the jewellers shop. No bathroom. A baby,no washing machine. I had a mangle. This was 1970
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Interestingly or scarily (!) refering back to 1970 in 2022 is the same (if it was 1970) as refering back to 1918. £1 in 1970 is now worth £13 today...where as £1 in 1918 was only worth £3.67 in 1970. I Googled it as I find these kind of factiods quite amusing.
The inexorable rise in the number of people using food banks tell us what is really happening with poverty in this country. The divide between rich and poor in the UK becomes ever starker, surely won't be long till we are comparable with some of the banana republics.
How can you lie there and think of England When you don't even know who's in the team
The divide between rich and poor in the UK becomes ever starker, surely won't be long till we are comparable with some of the banana republics.
But that's what the country voted for - a deregulated, low tax economy, freed from the socialist constraints of the European project. It shouldn't come as a surprise @Hostafan1 that many people want to pursue this course, given the outcome of the plebiscite we recently had on exactly this point.
The people who were for this course were generally the ones with money in the bank
Gardening on the edge of Exmoor, in Devon
“It's still magic even if you know how it's done.”
Of course I know some folk are even worse off. My 2sons on disability allowance have to budget carefully. The youngest only shopped in Sainsbury's,(that wasn't how he was brought up) he has an Aldi 5 minutes walk, now uses that. Oldest, now has a Lidl in his town. People priorities are different now days. I told all my kids, keep the roof over your head, thats number one. Having had unreliable 1st husband, wanted to get debt free as soon as possible.
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I only just had enough for food and my bills. Forget clothes or holidays or anything like that. Savings? No chance.
When I got married and we bought our first house, and first baby, I was terrified we wouldn't be able to afford our bills. The first winter we had temps like last winter- regular spells of minus ten etc. No double glazing at that stage either. I had the heating on for an hour in the morning and an hour at midday, with a 6 month old baby. That was it until the evening. Food shopping was still made with careful choices.
I've budgeted my finances very carefully for my entire life.
I live in west central Scotland - not where that photo is...
We bought a caravan,which we lived in 5 years. Rural, neither drove. Sold that,it was deposit for 1st house. Kids shared bedrooms. Bought 2 bed maisonette. Turned lounge into 2 bedrooms. This was 1983, mortgage rate 12% 18 months later,it was 16% I had 4 jobs. Husband worked nights. When he worked days I switched to nights. A nursing home, hospital with crèche,agency and a cleaning job. Last House with him, re possession on divorce, emergency accomodation. Started again. Nights because no paying for childcare. I didn't go to bed after a night shift until my daughter went to nursery school at 4. We didn't have central heating in our last house till the mid 2000s. We sold our house, bought an unmodernised 1930 cottage for cash,(although it went up at the contract stage 10k, had to get a high interest loan) taking 12 years to do it up as we could afford,not having central heating until the mid 2000s. So I don't feel a bit guilty. I worked damn hard for what I have.
.
From 6th April 2022 the national insurance is increasing, and this has to be paid by employees and the employers. Hence, another possible increase on goods & services.
So this is Rishi Sunak's first blow. If you don't work, sit back and make yourself a nice mug of coffee while you ponder what Sunak & Johnson may have in store.
"The Bank’s monetary policy committee will make an announcement on Thursday following its two-day meeting, with expectations that the rate will rise from 0.25% to 0.5% in order to tame inflation".
Now where's that Nescafe?
£1 in 1970 is now worth £13 today...where as £1 in 1918 was only worth £3.67 in 1970. I Googled it as I find these kind of factiods quite amusing.
Tell us about when a penny could buy half a pound of cheese, 2 pints of milk, and loaf of bread and still go home with some change.
When you don't even know who's in the team
S.Yorkshire/Derbyshire border
The people who were for this course were generally the ones with money in the bank
“It's still magic even if you know how it's done.”