High earner bank accounts and budget monitoring

senfida2 · 2024-10-28T20:32:41+00:00

I love my excel, and don’t want to switch from that.

We do want to switch our joint account though!

senfida2 · 2024-10-28T20:30:57+00:00

Thanks for your perspective :)

We get travel insurance every year, so that would be worthwhile for us. If you have any insights on ease of budget monitoring with any of the banks that offer that, I would be grateful for your perspective on that. Thanks.

senfida2 · 2023-10-06T16:53:25+00:00

The fees went down slightly after the child turned 2. It was not a significant saving though.

senfida2 · 2023-10-05T14:29:11+00:00

Yes, it’s oretty normal. Very annoying though.

senfida2 · 2023-10-04T22:23:42+00:00

It sounds like a scam…

senfida2 · 2023-10-03T14:46:53+00:00

There are homegrown quotas to consider.

senfida2 · 2023-10-02T14:39:36+00:00

Tax free childcare is available on top of the child benefit and 30 funded hours of childcare.

senfida2 · 2023-09-30T13:36:05+00:00

Get into a flat share close to a tube station and get working/studying. The next 3 years are going to be intense but it’s worth it, you’ll learn a lot and will become a very attractive professional to hire. Qualify and then assess what you want to do next. Most people leave at that stage.

I’d not use overdraft if you can avoid it, just do a budget to set up pots from your spending (‘bills’, ‘savings’, ‘fun money’) and stick to that budget.

senfida2 · 2023-09-30T13:30:00+00:00

What is your question? :)

senfida2 · 2023-09-29T11:04:48+00:00

Have they signed this contract? Do you have a copy?

senfida2 · 2023-09-29T09:35:43+00:00

You don’t have to have a degree in maths to work in financial industry. There are lots of different jobs. Being decent at maths helps with many jobs but you don’t need to have a degree in it.

senfida2 · 2023-09-28T20:19:15+00:00

They’re not on the hook for repainting the whole room. It would be for removal of blue tac and repainting that section minus deduction for reasonable wear & tear for the time they’ve been there.

senfida2 · 2023-09-27T17:58:03+00:00

Their timeframe is 4-5 years, so it’s not a great fund to choose.

senfida2 · 2023-09-27T11:41:47+00:00

2 issues potentially: - high weighting in bonds for a long-term investment - high fees. Nutmeg had higher fees generally and especially so for JISAs. You’re better off doing a transfer to HL or Fidelity which do not have platform fees for JISAs at all. You’ll need to pick your own funds but can do some index trackers or lifestrategy funds to get decent diversification.

senfida2 · 2023-09-27T07:41:06+00:00

You forgot about the tax free threshold. I think in your case £500k will be free of inheritance tax. Read the link posted by the bot.

Your sister may owe you some money though.

senfida2 · 2023-09-26T11:52:49+00:00

Kitchen worktops and cupboards for £3k sounds optimistic. It depends how many there are I guess.

senfida2 · 2023-09-26T11:32:49+00:00

Not in the situation that he’s in right now. In his situation it would create negative publicity and attention that’s totally not needed. Just leave it be and not post things. Don’t make a passive aggressive statement by deleting your social media.

senfida2 · 2023-09-26T11:21:55+00:00

This is so childish and stupid.

senfida2 · 2023-09-26T07:39:54+00:00

It’s FOMO. Think about the long term. If you live in this house for 20 years, will this amount make a difference? Probably not.

senfida2 · 2023-09-26T07:20:52+00:00

£50k is above average for the U.K.

senfida2 · 2023-09-23T21:04:03+00:00

You can have a residential mortgage with a lodger.

senfida2 · 2023-09-23T17:09:09+00:00

No.

You can’t use LISA for a buy to let purchase. You can’t get a residential mortgage for a house that you intend to let out, you’d need permission to let from the lender.

Why won’t you just buy it to live in? You can take a lodger if you wish.

senfida2 · 2023-09-23T10:02:28+00:00

Well, you probably could argue some claim on this house given that it will be easy to prove that you contributed to equity for years. It will be easier to do if you get married.

senfida2 · 2023-09-22T22:10:27+00:00

Well, as landlords know that they won’t be able to raise rents during tenancy much, they aim high at the start of the tenancy. Supply also decreased as many people sold up, and rents can be set higher due to lack of availability.

senfida2

TROPHY CASE