Disposable income

After my bills and savings are paid for, if I have an extra £50, it goes into crypto. Been doing it since January and still waiting on my lambo
 
Telecaster said:
lol @ 40% tax, pensions, holidays! I'm a blue collar pov with a spare few quid at the end of the month not some IT whizz on 80k a year. 5 holidays a year, I haven't had 5 holidays in my life.
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you own about £5k+ worth of mining gear though?

so you aren't exactly poor.

Jony27 said:
After my bills and savings are paid for, if I have an extra £50, it goes into crypto. Been doing it since January and still waiting on my lambo
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so you thought you would invest after everyone has made money out of it and everyone is leaving it as it's essentially a ponzi scheme?
 
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Psycho Sonny said:
Crypto is the last thing someone with only £50 a month disposable should be investing in.

Especially since January its been a bear market.

Unless you are actively trading day to day.
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Says who? Isn't that the whole point of disposable income, you use it for whatever you want? Get off your high horse
 
Every penny you can into a pension.
If youre a higher rate tax payer you get all that tax back.

I prefer to do that than overpay the mortgage..although I do put a bit more in still.
 
lnoton said:
Every penny you can into a pension.
If youre a higher rate tax payer you get all that tax back.

I prefer to do that than overpay the mortgage..although I do put a bit more in still.
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I'm taking advantage of this but can't help thinking that I might drop dead before I get to enjoy it. I've got no dependents so it'd be bloody annoying.
 
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I'd recommend loading it into your pension. It's tax efficient and you won't be tempted to waste it on something you don't really need.

I put 7% into my pension and my employer puts 14% and it is surprising how quickly it builds up. In addition I am deep in share schemes it's a bit worrying. I get a 30-40% annual bonus but at the minute that goes into share match (2 more years until payout) and I put another £250 a month into a share save scheme and my employer effectively tops it up by £50. Once this all begins to mature I will be pouring it into the mortgage to try and clear it in the next 5/6 years. At the minute I feel quite exposed to one company.
 
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