j4ckos mate

they were moaning at the council because they would not give them a rent rebate.



but couldnt account for 47000 they spent in one year

JimmyBFC

typical stupid divs, can't beleive some ppl, enjoy the money yeah, but its always worth saving some for that rainy day......still, what they never had...they'll never miss

j4ckos mate

bought a caravan for 20k now its worth 7.5k


spent 12k on holidays, two of them in a year

davegtt

Paying it off your mortgage is surely the sensible way £100k on a mortgage is probably saving you about £100k in the long run too.

Herbie.

Yeah 100K dosnt seem to stretch very far nowadays.

LG John

£100k isn't a great deal of money but nevertheless I get frustrated at these sorts of morons! I'd make £100k stretch ridiculously far and yet these muppets blow it in like 10 minutes on nothing!

Shark Man

Stupid thing is £100,000 could quite easily get £4000 interest per year if put in the right place.

That £4K should easily cover the average annual holiday

lozgti

It would be £80k off the mortgage and £20k to spend on the house for me.

EddScott

Exactly. Yes you have a mortgage but at least you have the money available rather than locked in your house. Better to use the interest generated rather than erode the capital.

If your mortgage is 6% and you generate 4% from the 100K then your mortgage costs you 2% plus you have 100K capital.

The Zohan

Or their rent they are b1tching about!

It could have paid for their council house or a large part of it giving them some equity.

Sad that they did not get any counseling or advice or of they did they did not take heed.

Never their responsibility in cases like this is it, pathetic they expect others to pick up the pieces.

j4ckos mate

does if you have a brain

pay off mortgate,
trip to the car auctions once a month little bit of part time work.

SJ_Skyline

As the mortgage isn't too onerus at the moment and I've still got a couple of years on the fixed rate with early redemption penalties I think I would consider sticking 40k worth of extension on the side of the house and invest the remainder for 3 or so years until I can use it to wipe out a chunk of mortgage.

davegtt

See Id rather have that 100k as equity in the property and save £500 a month on mortgage payments. Thats £6k a year you are saving rather than the £4k in interest on the savings account

Swings and roundabouts for other peoples priorities although I think we all agree they could have handled the money much better

PeteBrant

I'd like to know what the **** jackos mate was doing watching GMTV?

The only acceptable reason for doing so is to crack one out over Penny Smith. And even she is rapidly approaching her sell-by date.

stilover

She reached and past that years ago.

SJ_Skyline

It's a bit early in the morning for beer goggles, Pete

subaruturbo_18

if i won £100k id put some by to pay for uni, put some by for after uni. and **** about with the rest then i get to be sensible, sorted for the future, and have fun

Spoon

I saw them too, Pete.

Trouble is here is apart from them having no idea about money the 100K wasn't worth winning compared to what they lost in benefits, sad but true.

They were already approximately 12K in arrears with the council which they paid off immediately.

They invested 70K which isn't going to provide you much in interest revenue compared to the benefits they already received.

They received £300/Month interest on 70K, therefore without spending the capital too thus reducing the capital further and receiving less interest month on month, they were simply not going to manage.

Yes they spent a lot in a reckless fashion but it simply wasn't enough to allow them to come off benefits for long in reality.

The council are using the 10K/year example that they thought the couple should live off, so effectively saying the money should have lasted them 10 years before re-applying for benefits.

NACRO

At a time when people's rather nasty little houses can be worth getting on for 1/2 million quid and some people seem to be spending close to 50 grand on getting married I personally think if people want to waste 100K on nothing then it shouldn't make any difference whatsoever on their entitlement to benefits.
Put simply it's not that much money.

d5hof

If I had that 100k my aim would've been to double that within a year and I can legitimately do that! Shame to see the money go wasted!

Shark Man

I don't think you empahised enough on that to be noticed.

So may I expand on that? Ooo, lets say. Newish build cica 1990s, Mock tudor, and located in a "diverse" class estate (translated: flats and bedsits and "town houses" built next to 4 bedroom detached houses) Getting warm?

Spoon

^^ Or any tasteless estate with a 'toy town' look.

chocolate_o_brian

iTrader: (22)

bloody hell, if i won £100k that would cover the whole mortgage (£85k) and still have some left to do the house up.

without a mortgage to worry about id probably spend all my time drawing pics of scoobs thats a real job

j4ckos mate

MINES HALF THAT !!!

i would go the auctions like i said and do a bit of buying and selling

chocolate_o_brian

iTrader: (22)

but your not 23 and going out with mrs o'brian (21)

EddScott

They were on GMTV again this morning - with their solicitor!!

I missed them yesterday but OMG, the lack of intelligence was staggering.

He can't work because of a frozen shoulder. She can't work because of a "Bad hip"

They are now taking legal action against thier local council as they feel they are entitled to benefits. They say they've spent it all and the solicitor basically said either sue them for fraud or pay them benefits.

The sad thing is, technically they are entitled to benefits. They were before and they are now. The fact that they blew 100K doesn't come into it.

Think its time we took a stand against this - its really taking the pi55 now. You have these idiots and then the next news article is some equally stupid person has faked her daughters kidnap for a quick buck.

FFS what is wrong with people!!!

NACRO

They are entitled to benefits full stop. There's nothing 'technical' about it.

The Zohan

Whats wrong
How about people who expect to get benefits and live comfortably off of them for as long as they want to whilst others have to work to pay for these. Now getting into second/third generations who expect to be able to sit back and get everything they need without lifting a finger

Shabby reality TV shows where the people who win are the big mouths, the one who **** everybody over and are generally cruddy and then become celebs and earn big money with no real effort, talent or abilities.

The likes of Pete Docherty who seem to get away with whatever they like

PC nanny state and everybody knowing their rights and not their responsibilities.

No real fitting punishments for criminals.

How's that for a start...