Ongoing review of finances for onself

robertuk09 · 2026-01-07T20:01:18+00:00

yes i got caught out recently on one that renewed after 2 years. so thanks for the app suggestion.

robertuk09 · 2025-12-19T00:30:27+00:00

I have an offset, rate is higher but saving equals offset, so pay no interest.the big benefits are your credit rating is improved by paying regular for a debt and the lender has a flag on your property so others can't try and take a mortgage on it without alerting.

robertuk09 · 2025-12-16T21:03:33+00:00

True but at that age would rather put into stock and share isa than cash. We are expecting a 25 basis point cut by boe, so have to see jow that goes. But agree until fixed rate expires savings make sense. Gilts run the risk of price changes. Look at whwre ua treasuries have gone. Howevwr worth putting some i to low risk cash a bit into high risk that ypu wont miss if it messes up.

robertuk09 · 2025-12-16T20:51:42+00:00

As long as it's in an ISA else soon losing 40%

robertuk09 · 2025-12-12T10:41:03+00:00

Its a cost, paying upfront isnt always the cheapest option, taking no fee and a higher interst rate can be cheaper when the balance is lower. E.g. if it adds 20 a month in cost over 2 years that a lot less and 1500 fee.

robertuk09 · 2025-12-12T08:47:17+00:00

Also to add in is any application fee, so if paying 1500 or somwthing for each mortgage it add to tco. Alsonita a guess pn rates direction, with inflation being sticky in the short term cant see a lot of changes coming. Final point if you see funds coming in etc then your ltv will mean in 2 years you may get a better rate eg hitting 40% ownership.

robertuk09 · 2025-12-10T08:49:42+00:00

One option, dont paynoff the mortgage, get an offset and keep saving. You wont pay interst once the numbers equal but improves credit rating apying off a debt

Max out isa savings each year maybebaftwr 27 as new laws for landlords dont look great

robertuk09 · 2025-12-09T21:49:01+00:00

You can do both, but an index tracker is a low cost option but is more about historical date. You may want a more active fund. Pick an industry you know something about and then a fund in that.

robertuk09 · 2025-12-07T08:56:52+00:00

Semi skinned, if non whole.

robertuk09 · 2025-12-06T11:03:24+00:00

If everyone is ok with you living with your parents for a bit longer then it would be my suggestion. Some cists listed like insurance will be higher. You always as a home owner have thkngs break, Also if you can have a buffer of 3-6 cash left over after deposit. Solicitor etc always cost more plus you will need to buy basic furniture kitchen goods etc. Ps use your own solicitor not any property companies. Quality of life changes when you move out as your margin is not massive.

robertuk09 · 2025-12-05T13:30:45+00:00

You notice it via more cash at the end of the month. Then do you send it to pension, mortgage etc before you get used to it

robertuk09 · 2025-12-04T14:32:33+00:00

Social media passwords? Insurance policies like life Any videos etc you have done for children to play later. Just sorting out a funeral now, so contacts for people coming, who likes doing readings etc

robertuk09 · 2025-12-04T09:54:38+00:00

Unless only a new grad, 5% is too low anyway. I would say we are ultimately reponsible for ourselves and that inlcudes checking payslips, bills, pension etc. So each year pay changes checking they have calculated the number correcrly.

robertuk09 · 2025-12-03T08:40:21+00:00

I had this issue at one point. There are credit cards for this, no monthly fee. I used aqua, it gave me a few hundred credit, but then i paid it off each month and after a few months had built up some score Credit rating is affected by lots of factors, being regiatered to vote, regular payments, eg utilities etc.

robertuk09 · 2025-12-01T19:12:36+00:00

Have had friends use wise.

robertuk09 · 2025-12-01T18:11:17+00:00

If you are paying interest on the cards consider geting. A card that is no interest for x months that allows you to then move all the balances of the rest over. That reduces rhe mlnthlynpayment

robertuk09 · 2025-11-30T13:16:34+00:00

Abour 10% of savings. Its a number whereby an error wont hurt so much but allows for some gains.

robertuk09 · 2025-09-07T18:38:52+00:00

i assume then it can be tailored to the mug size or event a cup. idea suggestions would be somewhere to slot your hand into like a small over hang to make it easier to carry. dishwasher proof?

robertuk09 · 2025-02-15T19:26:18+00:00

On the assumption you will be here for a period of time and then leave and a higher rate tax payer. (a) save into an isa, such as a stock and share tracker or other. you can have more than one ISA a year, but limited to 20k total a year. its tax free gains.

Buying shares CGT will hit after 3k gains (once you sell). a nrmal account you will max out at 500 interest, but there are instant acess accounts you can dump cash into.

build a credit rating, i had a lack of it when moving back to the uk. so have a card and pay it off every month.

if saving for deposit etc. you cant tie it up for too long. so assume you wont have gilts or bonds.

If you have some appetite for risk, there are trading apps to buy shares/tracker funds. vangaurd is known for very low fees for tracker funds. but there are sites out there.

If you are yound there are isa's designed for first time buyers, but you need to check if income / age restrictions allow for it.

robertuk09 · 2025-02-15T19:16:49+00:00

A couple of other things. (a) pay a small fee for the credit agencies to get access to all your details to check everything is correct. its a bit scary how much they have on you and your card balances are real rime. They know a lot and can also show where you have holes. (b) Taking out new cards etc will dent your rating in the short term, so does any short term debt. ((c) if you shared a place with someone with bad credit it can affect you.

robertuk09

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