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Pensioners with savings - the recession's losers

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    Pensioners with savings - the recession's losers

    Terry mentioned it, how do you keep your Stag going and do other things you want to do in the current situation? As you get older the road ahead is shorter so you have got to enjoy yourself in the limited time that is left by courtesy of health and mortality.

    Many of you with mortgages are laughing because of the huge cuts in repayments just lately, but people like me are the losers. My income has dropped about 20% over the last few months as the incomefrom a lifetime's savings has plunged. My main concern is now to hang onto the capital, so saving money has become a big preoccupation. Heres what I do for the benefit of any other pensioner Stag fansout there:-

    Get a water meter, which is usually free.

    Route all phone calls through 1899 (www.1899.com) Mobile – Onetel £4.99 a month with 20 minutes (Vodaphone Network) and use 1899 for calls at 10p/minute.




    Be a 'tart' and change all your insurance providers every year - Get all your insurances through Quidco (www.quidco.com) which gives massive cashbacks. Check out all the comparison sites to identify the cheapest and then carefully remove any insurance company or comparison site cookies from your computer and go through Quidco . I saved £440 last year doing this on two car insurances and home insurance.




    Regularly check your gas and electricity on comparison sites to see if you can get a better deal




    Shop at Aldi instead of any other supermarket. The goods are high quality, in many cases indistinguishable from brands and will save you approx 25% compared to Tesco and Asda and 40% to Waitrose. Buy the things you can't get at Aldi somewhere else. My Aldi bill last week was £37, it would have been £51 in Tesco and Asda and £61 in Waitrose. I know its sad but I did check using www.mysupermarket.com. Some of Aldi's £3 and £4 wines are excellent.




    Enquire at local farms for meat. I get 25kg of beef for £150 and £25kg of pork for £90. Eggs are £1.10 for 6. Gammons £5.90 lb. Makro for 1/2 price fish.




    Dump AA and RAC and get Autoaid www.autoaidbreakdown.co.uk/ , it costs £37 for ANY & ALL cars you and your partner drive and you get better cover.




    Buy your petrol using this as a guide http://www.petrolprices.com/




    If you buy a daily newspaper consider subscribing, this can save 25%

    I use my Tesco credit card for everything, it gives Clubcard points. This year I'm using the points for a half board holiday on Lake Garda. Long haul will be with some Air Miles if I can manage to save enough for accomodation from my pension. As well as the holiday we get 1/4 price magazine subs, West End Tickets, Eurotunnel fares and some Christmas present using the points, and we don't shop at Tesco!




    Be a regular visitor to Charity Shops, and use your local Freecycle they are part of the economy now and have some great stuff.

    It might seem like a sad subject to some, but this has become an imperitive to me to weather the financial disaster that Brown and the bankers have inflicted on us prudent people.

    Al










    #2
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    Al

    I do feel for savers at present, I am a mortgage holder so am sitting pretty (also my savings are tied up until next year) but the point is; there are seven savers for every one borrower, how is the economy going to grow if the savers can't get a return on their investmentstherefore stopping Banks etc having the capital to lend out - or am I missing something.

    the only people who i can see winning are those with Tracker mortgages and Mattress salesmen.



    the sooner we get rid of this One eyed,Scottish Idiot the better.

    Ian

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      #3
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      Ian B wrote:
      the sooner we get rid of this One eyed,Scottish Idiot the better.

      Ian
      It made me smile that JC got attacked for saying that as it is offensive to disabled people and implies that blind and stupid go together, however there appears to be nothing wrong with making that connection to the Scottish!!:?
      ZF 4 spd box, Datsun shafts, SS exhaust, 38DGMS weber 158.9bhp, BMW MC Tomcat seatssigpic

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        #4
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        Fancy a job as Chancellor Al? After that ream of good advice I reckon you could do a good job!

        Better than any lame ducks (sighted or otherwise) we have at the moment! :X

        SSssssssssss

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          #5
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          Fancy a job as Chancellor?

          No, I back old Vince for that, at least he has worked in the real world, dunno about the liberals though.

          Al

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            #6
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            I am a mortgagee and a saver,fortunately I am winning more than I lose, however my income has dropped by about £1000 a month so I need to win something. This is a worldwide slump and notentirely Mr Browns fault, I think the VAT change was a disaster, and everything else doesn't seem to have helped a bit so far. I do blame Mr Brown for removing many of the constraints the city had to work within and now look where we are! We seem to own half the banks but they still seem to bea law unto themselves, it's all a mess and more needs to be done and not just throwing tax payers money at the problem, we are going to be in massive debt for years after thisand teh tax payer will be picking up the tab. There endeth my rant! (for now!)

            Dave

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              #7
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              Al, another tip is to cut maintenance costs on your car. As we all know, Stag maintenance is more important even than food , so if you spend too much on the Stag you can die of starvation.

              Seriously, do more Stag DIY or avoid the big dealers (use your friendly, local semi-retired Stag specialist).


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                #8
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                I think I might stick to the DIY Chris - no offence, but I charge less to me than you would....

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                  #9
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                  V Mad wrote:
                  Al, another tip is to cut maintenance costs on your car. As we all know, Stag maintenance is more important even than food , so if you spend too much on the Stag you can die of starvation.

                  Seriously, do more Stag DIY or avoid the big dealers (use your friendly, local semi-retired Stag specialist).

                  I hope to keepYOU busy for a very long time Chris, yes indeed! support fellow semi retired Stag die hards.... see you soon during my hols in march

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                    #10
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                    V Mad wrote:
                    Al, another tip is to cut maintenance costs on your car. As we all know, Stag maintenance is more important even than food , so if you spend too much on the Stag you can die of starvation.

                    Imagine my predicament Chris..... ex Triumph specialist and the only one in the house who cooks......

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                      #11
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                      V Mad wrote:

                      Seriously, do more Stag DIY or avoid the big dealers (use your friendly, local semi-retired Stag specialist).

                      Good idea Chris, can you give me their number

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                        #12
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                        Kevin Garrod wrote:
                        Ian B wrote:
                        the sooner we get rid of this One eyed,Scottish Idiot the better.
                        It made me smile that JC got attacked for saying that as it is offensive to disabled people and implies that blind and stupid go together, however there appears to be nothing wrong with making that connection to the Scottish!!:?
                        Personally I was puzzled at which bit of the sentence was supposed to be offensive.

                        One-eyed - True

                        Scottish - True

                        Idiot - are there any who disagree?

                        Dave
                        Dave
                        1974 Mk2, ZF Auto, 3.45 Diff, Datsun Driveshafts. Stag owner/maintainer since 1989.

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                          #13
                          imported post

                          DJT wrote:
                          Kevin Garrod wrote:
                          Ian B wrote:
                          the sooner we get rid of this One eyed,Scottish Idiot the better.
                          It made me smile that JC got attacked for saying that as it is offensive to disabled people and implies that blind and stupid go together, however there appears to be nothing wrong with making that connection to the Scottish!!:?
                          Personally I was puzzled at which bit of the sentence was supposed to be offensive.

                          One-eyed - True

                          Scottish - True

                          Idiot - are there any who disagree?

                          Dave
                          No offence meant, but to coin the old phrase "blind leading the blind".......Brown & Darling? Don't see why JC was picked on.

                          Comment


                            #14
                            imported post

                            If you think about the whole crisis has been caused by extending loans to people who can't really afford to repay them, both in the US and here. The bar had been adjusted until it was far too low. I blame all the politicians who have allowed this to happen, without it there would be no crisis. Our FSA has always been a load of toothless idiots and they and the BOE must also take a lot of the blame because they should have been ringing alarm bells like crazy.

                            Anyway, today I have another moneysaving gadget - 4 plug adapters that plug into various sockets around the house, consuming about 1w each. There is remote and you can disconnect all of them with one push of a button, thus saving all the standby wattage of various appliances. Must see if iI can get one for SWMBO

                            Al

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                              #15
                              imported post

                              Al

                              If you've got any savings you can cheer yourself up by withdrawing it all and buying a classic car (or several). It ain't earning anything sat in the bank so you might as well get some benefit in other ways. I'm mortgage free and a saver, and that's what I'm actively doing - if you buy wisely the risk is small.

                              I'm no great fan of the current regime, but the thought of a couple of posh airy-fairy t**ts like Cameron and Osborne running things is even more scary!

                              Comment

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