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Is there any point in saving?

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    Is there any point in saving?

    Inflation heading for 7% and banks paying around 6% interest AND then any interest you do make is reduced to about 3.5% by higher rate tax.

    So, if you've got money, you may as well go out and spend it and enjoy it before it is completely worthless.

    #2
    Originally posted by DimPrawn View Post
    So, if you've got money, you may as well go out and spend it and enjoy it before it is completely worthless.
    Spend, spend, spend!!!
    Rule #76: No excuses. Play like a champion.

    Comment


      #3
      Push money into the economy... BOOOOOOOOOMED
      How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

      Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
      Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

      "We hang the petty thieves and appoint the great ones to high office" - Aesop

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        #4
        Originally posted by DimPrawn View Post
        Inflation heading for 7% and banks paying around 6% interest AND then any interest you do make is reduced to about 3.5% by higher rate tax.

        So, if you've got money, you may as well go out and spend it and enjoy it before it is completely worthless.
        Put all savings in the wifes name and avoid the extra tax, problem with that is it will still get spent...

        Comment


          #5
          Buy shares in debt management companies.

          HTH.

          Comment


            #6
            Originally posted by FiveTimes View Post
            Put all savings in the wifes name and avoid the extra tax, problem with that is it will still get spent...
            It's the wifes money I was intending on spending.

            Comment


              #7
              Originally posted by DimPrawn View Post
              It's the wifes money I was intending on spending.
              Married into money?

              The ultimate Plan B.

              Rule #76: No excuses. Play like a champion.

              Comment


                #8
                Originally posted by DimPrawn View Post
                It's the wifes money I was intending on spending.
                Lucky bugger! Me wife's business is doing well..mine slowing down. Guess who's still footing the bills.
                McCoy: "Medical men are trained in logic."
                Spock: "Trained? Judging from you, I would have guessed it was trial and error."

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                  #9
                  Originally posted by lilelvis2000 View Post
                  Lucky bugger! Me wife's business is doing well..mine slowing down. Guess who's still footing the bills.
                  Her?

                  Comment


                    #10
                    Originally posted by lilelvis2000 View Post
                    Lucky bugger! Me wife's business is doing well..mine slowing down. Guess who's still footing the bills.
                    The Taxpayers?
                    Confusion is a natural state of being

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