woof woof
I like a nice Chianti
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- Alan
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The only saving (no pun intended ) grace for me is that since Covid, is that I am not spending loads of money on my sons and I to go to rock concerts or watch motor racing, so I have lots more money to earn 0.5% interest.
0.5% is good, I have seen some paying just 0.1%.
0.1% is awful and you should be doing better. I dedicate one day a month to looking at income and outgoings and trying to stay ahead, I see it as a days work My spending is currently in the region of £1k a month.
When I first stopped working for money my net worth actually continued to grow for the first few years but as interest rates continued to slide I went from growth to just about breaking even to my money decreasing every month. Not that it matters as I'm lucky enough to be comfortable but I do get satisfaction from juggling the accounts and spending and trying to stay in the black but it's just impossible now without taking risks.
I'll get a company pension next May and they're due to write to me this December about it so I'm looking forward to just about breaking even again