What changes could be made to financial situation?

[eco]

Hmmmmm??? You've gone from unemployed to employed to unemployed again. Increased your savings by a couple of grand. Doubled your pet insurance. Bought a house for 60k?? All sounds a bit mad

i saved every cent of social welfare i got which is how my savings went up so much

where you going with doubled your pet insurance?
that 117 is the pet insurance for the year
and yes i was lucky enough to get a house for 60 k

anything else?

 

[Bronte]

Re: changes again

i have life insurance (28 a month)
house insurance (31 a month)
morgage protection (18.64 monthly)

What is the mortgage protection for? Have you read the small print? Do you need it?

The other two insurances are a must and they sound ok.

 

[Bronte]

Hmmmmm??? You've gone from unemployed to employed to unemployed again. Increased your savings by a couple of grand. Doubled your pet insurance. Bought a house for 60k?? All sounds a bit mad

He also had no debts whatsoever before he bought the house and he has savings even though on a relatively low salary. He also managed to get a bargain and is living within his means. How refreshing.

 

[eco]

Re: changes again

What is the mortgage protection for? Have you read the small print? Do you need it?

The other two insurances are a must and they sound ok.

morgage advisior said if partner loses job that the morgage will be covered for a while. we just pretty much did what he said because we 1st time buyers and didnt know the ins and outs of it all

 

[Bronte]

Re: changes again

morgage advisior said if partner loses job that the morgage will be covered for a while. we just pretty much did what he said because we 1st time buyers and didnt know the ins and outs of it all

Dreadful advisor. Is that a bank and was it their own policy or one of their tied products? At least it's fairly low.

Have a read of it tonight. You need to know what's a while? Are you sure it will pay out? Also the government will pay your mortgage interest if you both lose your jobs.

 

[Danniboo7]

Re: What changes could be made?

Life insurance: no but paying 10e a month for pet insurance

 

[Danniboo7]

Re: changes again

Since we have bought a house ill make the necessary changes


Life insurance: 28 a month- paid automaticaly with morgage, pet insurance 117 a year

Obviously I didn't read these two properly. I was simply making an observation of how quickly you're savings had gone up and you bought a house and you're overall financial situation changed. No need to be defence I was actually intrigued that you managed to save so much.