[Albion] That rainy day has come.

[Razzoo]

I am like Teflon when it comes to cash. I wish it was different.

 

[Tim Over Whelmed]

#bekind

 

[Harry Wilson's tackle]

Nothing really wrong with the OP imo, other than the timing.

Really? He obviously has a rainy day fund so it reads like gloating to me. I am not personally offended because I'm fine. That doesn't mitigate against the OP being a dick, though.

 

[Blue Valkyrie]

When I passed 55 I was bombarded by scum looking to charge thousands for something you can do yourself or a good IFA would do for a reasonable fee, take care

Good advice. I won't touch it when I am 55, well only in a situation like this if monthly income were to disappear.

 

[Whosh51]

It seems to have got the blood moving. Just keeping those fingers working until the season starts again.

 

[Harry Wilson's tackle]

It seems to have got the blood moving. Just keeping those fingers working until the season starts again.

Just one is sufficient

 

[Tim Over Whelmed]

Good advice. I won't touch it when I am 55, well only in a situation like this if monthly income were to disappear.

I didn't but loads of people (wrongly) told me I should. I've heard of people saying you can use it for cars and holidays, which you could, but probably shouldn't, bloody sharks! I'm still choosing to pay in and the best advice I got was if you enjoy working leave it there and use it when you need it rather than grabbing a bit of cash now.

 

[Guinness Boy]

It seems to have got the blood moving. Just keeping those fingers working until the season starts again.

I bet you've got a cupboard full of bog roll that you obtained by elbowing old ladies into the cereal isle.

 

[Beach Hut]

My rainy day fund is a not too bad pension pot.

Unfortunately, rules is rules and I can't do a drawdown for 3 years.

Obviously there are scammers out there trying to get at it.

I actually got a letter yesterday from one of those companies, first time for over 6 months so no doubt Coronavirus has motivated them to try again.

 

[surrey jim]

I doubt even 1% of the population have a rainy day fund. And even if they do I doubt it is sufficient for this total meltdown.

I had a rainy day fund. Was ruined after the last 6 months of sh!t weather

 

[HalfaSeatOn]

I share the sentiments of the OP. My wife doesn't. So no we haven't got anything for a rainy day.

 

[Eeyore]

I was always told to put a bit by for a rainy day. I’m glad I took that advice now as it’s times like this you need something to fall back on.
However there seems to be a lack of forethought by many. People need to ask themselves whether some of the frivolous expenditure they have made in the past would have been better spent on rainy day saving.
Many people will have the make some stark choices over their priorities in the coming months.
Government has your safety as their concern but the responsibility is yours.

85 posts in five years and you start a column which tells us of your prudence and perfect economic house management.

Perhaps some of other 'frivolous' expenditure was simple, supporting and trying to give their families and themselves a standard of living they deserve.

Perhaps they weren't expecting the fourth horseman of the apocalypse to turn up.

Perhaps they couldn't save. Perhaps they have now lost their jobs. Perhaps they are worried as all hell.

So perhaps you should take time to think before you enter the NSC pulpit and start making Jacob Rees-Mogg sound like Karl Marx.

 

[dejavuatbtn]

...... and don’t think about taking an equity mortgage. A family member wanted to borrow £10k, was persuaded to take £40k and now there is little equity left in his property. There’s always someone out there looking to screw you.

 

[Sarisbury Seagull]

Imagine being a member somewhere for 6 years and then using your 84th post to make yourself look like an arrogant, selfish tit. People are strange.

Spot on.

 

[Simster]

I was always told to put a bit by for a rainy day. I’m glad I took that advice now as it’s times like this you need something to fall back on.
However there seems to be a lack of forethought by many. People need to ask themselves whether some of the frivolous expenditure they have made in the past would have been better spent on rainy day saving.
Many people will have the make some stark choices over their priorities in the coming months.
Government has your safety as their concern but the responsibility is yours.

You actually make a good point. There will definitely be people on this thread who have hit hard times, or genuinely never earned sufficiently good money to be able to put some away and I can understand them being upset at your assertion we should all be putting something by.

But equally, in times like this, some people on here clearly do not fall into that category and for them it is far easier to round on you as someone advocating taking responsibility of your own finances than actually look at themselves and ask whether they could have done the same.

 

[DavidinSouthampton]

85 posts in five years and you start a column which tells us of your prudence and perfect economic house management.

Perhaps some of other 'frivolous' expenditure was simple, supporting and trying to give their families and themselves a standard of living they deserve.

Perhaps they weren't expecting the fourth horseman of the apocalypse to turn up.

Perhaps they couldn't save. Perhaps they have now lost their jobs. Perhaps they are worried as all hell.

So perhaps you should take time to think before you enter the NSC pulpit and start making Jacob Rees-Mogg sound like Karl Marx.

Some of our frivolous spending over the last 20 years has been helping to support one daughter through 4 years at Cardiff University, and then daughter #2 through 6 (six) years in London training as a doctor. Supporting meant included paying their rent, which we promised to do at the outset. For 4 years in Cardiff it wasn't too bad. 6 years in London was a killer!

 

[Guinness Boy]

I didn't but loads of people (wrongly) told me I should. I've heard of people saying you can use it for cars and holidays, which you could, but probably shouldn't, bloody sharks! I'm still choosing to pay in and the best advice I got was if you enjoy working leave it there and use it when you need it rather than grabbing a bit of cash now.

ALWAYS speak to a proper IFA that you trust. Never, ever, ever take a cold call from a financial adviser. Do plenty of research. I'm not qualified to advise people on actual finance but I can confidently advise this on financial advisers. Plenty of good ones out there and shitloads of sharks.

 

[The Lemming Stomper]

.

It can work the other way too...You can't apply for Universal Credit if you are self-employed and have over £16k in savings so you could argue that people who save and try to be responsible are being penalised...

Same for home owners whos spouses have to go into care homes etc etc.....

Curse of the squeezed middle classes i guess

 

[CHAPPERS]

Probably worth just deleting this kind of shit in the current climate isn't it? Hugely dangerous to just leave it there.

Whose other account is it anyway?

 

[SIMMO SAYS]

I've just looked outside and it's not raining