Crosser Posted April 23, 2013 Share Posted April 23, 2013 Unfortunately, at this time, saving is a mugs game. The top tax free ISAs only offer about 3.1%. That's less than real world inflation (not the phony baloney figures the BOE pull out of their collective asses). Over a period of years you would end up with less than you started with (in terms of purchasing power). Might as well flush it down the loo. There's less paperwork involved. EXACTLY! The Mattress is the best option (unless you get burgled) Link to comment Share on other sites More sharing options...
Strix Posted April 23, 2013 Share Posted April 23, 2013 The best way to save is to overpay on your mortgage. Mortgage rates are usually higher than savings rates The advice we were given for saving for a child is to have a family saver account, rather than lock it away only to find (and heaven forbid not, but you never know), you have a self destructive 18 year old and you've furnished them with the means to really do themselves some harm. Plus, supposing you have two kids and your fortunes change? Is it fair to give each child different amounts? Link to comment Share on other sites More sharing options...
AF Removals Posted April 23, 2013 Author Share Posted April 23, 2013 Mortgage isn't realy an option as in hoping it will be done in less than 10 years Link to comment Share on other sites More sharing options...
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