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How is the credit crunch affecting you?
A few weeks before interest rates were first slashed our graduate mortgage deal with HSBC expired and we changed to a base rate tracker. GENIUS on my hubby's part as of course interest rates are dropping and dropping - our mortgage is now well under half of what it was a few months ago. What with having a new baby and all, the timing has really worked in our favour.
I appreciate that we're very fortunate and that not everyone will have felt a positive impact. How about you?
I appreciate that we're very fortunate and that not everyone will have felt a positive impact. How about you?
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we will be paying even less, but we have decided to keep the payments the same as we can still aford it and it will pay of morgage faster and make us pay less intrest, we have been over paying for over a year alread so this will mean over paying by even more wich can only be a good thing.
Everything else is the same except the grocery budget has gone up bt ??100 a month but thats only because we now have a new baby, we are still able to save a couple of hundred pound a month and havent cut back on anything, so we have been really lucky x
fortunately tho' - again, as many have said, the mortgage rate has come down about 60% for us, so that is good!! petrol is 82p a litre - again a bonus! (big 4x4 so that is great news for me!!)
shopping... like you all, it is more expensive than this time last yr, and i have tried changing from Tesco, but i find i end up going back there, as i know where everything is, what i can get there, fresh veg / fruit lasts etc. i dont have the time to shop in 3/4 different places, or go 3/4 times a week to different places. my nearest supermarket is about a 10-15 min drive, other than tesco express, which is apparently dearer than normal tesco (?)
fortunately, it hasnt been as bad as i expected it would be, but ask me again in a few weeks when the gas bill has come!!!
He's been out of work since mid-November and has been trying to find work since but its bloody hard. There are so many people around for so few jobs. This week we have had to bite the bullet and start to claim benefits which was a really hard decision for us but with no money and two kids we had no choice.
My DH has experience in industries that are all going down the toilet! He has put CVs out everywhere but has had no luck.
Fingers crossed he'll find something soon.
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so at the moment we are only just getting by which isnt great as ive only got 13 weeks left untill baby number2 arrives, and ive still things to buy. but we will manage like we always do! xxx