Lets SAVE £5000 a year ! Who with me

Bear · 23 Oct 2013 at 07:08

The Asgard said:
Looking at the interest rate for savings..... Enjoy and have a good time.

Ah but cunning people have offset mortgages so we can offset our savings, which means I virtually pay no interest on my mortgage.

Freefaller · 23 Oct 2013 at 07:34

We've just had a thread on "how much do you save a month". http://forums.overclockers.co.uk/showthread.php?t=18549554

I'm with you though on the saving thing.

fastwunz · 23 Oct 2013 at 07:45

smokedog said:
I can save £5k in a month if I wanted, so I'm out.

Cheers.

The Asgard · 23 Oct 2013 at 08:02

Bear said:
Ah but cunning people have offset mortgages so we can offset our savings, which means I virtually pay no interest on my mortgage.

So how much in savings would you need to offset a standard mortgage?

platypus · 23 Oct 2013 at 08:05

Our target is £25K banked this year.

Will meet it this month ahead of schedule.

ZombieFan · 23 Oct 2013 at 08:06

The Asgard said:
So how much in savings would you need to offset a standard mortgage?

Depends on the size of the mortgage and interest rate. There are calculators online which can work it out for you.