Whatever you consider to be the economy: world economy, local economy, your business, the company/retail outlet you work for and that pays your wages. In a way it's a moot point. After all "When America sneezes..."
Americans are trained to spend, not save, and be oblivous to it all when buying a $400,000 house with nothing down, a no interest mortgage and a joint income of about $60,000 with two new cars in the garage.
Whoop! Don't speak for all of us! :glugglug: I just paid off a loan yesterday, and immediately told my bank to transfer those payments to my house payment so that I can pay that off faster. I've got a nice domino effect going with my debt (most of which I incurred as a result of my divorce)
I have money spread out all over the place, and I'm very much into saving, because I don't want to work forever, and if I don't save now, I will be (Like my baby-boomer parents who have constantly just waved a hand and said "We'll deal with that later")
Fail to plan, plan to fail!
H
The world, and the economy, would be in better shape if we all took heed of that advice. Well done on dealing with the money issues:thumbsup:
I am too as my Mortgage payments keep going up and the fact that in the uk we pay far more for things than the rest of the world. cars, houses, fuel, food, clothes etc.
I pay around £500 tax, £300 National Insurance and £300 a month; plus union subs which are worth their weight in gold so I won't dis them, and what for? A shity govenrment in a country that was once great!
There seems to be speculation in the financial press that rates might have peaked, although that's no consolation to would-be borrowers. Much like the States, interest rates have been kept artificially far too low since 2001.
edit: sterobbo01, you forgot to poll
There seems to be speculation in the financial press that rates might have peaked, although that's no consolation to would-be borrowers. Much like the States, interest rates have been kept artificially far too low since 2001.
edit: sterobbo01, you forgot to poll
I know. I shouldn't really complain about my home as I have made 50g on it in three years but it's gets a bit much with everything else we are stiffed with.
Cheers mate, I polled now:thumbsup:
Wasn't disagreeing with you sterobbo01; your gripes are quite legitimate and understandable:thumbsup: