Offset here too.
Offset here too.
Not a clue. Which sounds bad but we have a mortgage and use our offset account as our 'main' account. We have at least 4 months worth of pay in there atm as a buffer. We have our own accounts to save and use for our own 'stuff'.
We just have an offset account to our mortgage which holds our savings. At the moment we are just treading water with our balance steady as I'm still studying full time and working casually. I'm probably going to work 4 days/week from next year so we'll start to save again. Unfortunately we desperately need to do a bathroom reno so that's going to severely dent our savings
I am staring down the barrel of bathroom renovation too. We dont ha ve a savings account as such, just tey to get ahead on mortgage and redraw when we need to.
Another one with offset. We put most of our pay in off set. Everything is on direct debit from off set account meaning all bills, insurances, school fees etc. We take out money for groceries, petrol and allowances that's pretty much it. We cancelled all our credit cards and if we need a bigger purchase like a new car we take it out of the off set (we get old cars or second hand things for the house mainly). We live pretty tight.
As a singleton it was 50%. With H it was 40%.
Now it's under 10%.
yes because even if it sits there for a day, it'll do more good than if it's in another account. interest is calculated daily...even if it sits there for a day or 2, the benefit would be very insignificant, but it's still a benefit.
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