How does this happen?

Have you ever signed an internet petition? Often they are for great causes, and other times it's someone letting off steam about something that irritates them.

I recently received one started by a lady upset that she had to pay tax on her redundancy package.

I'm not here to debate the merits of the tax system, but in her petition she mentioned being 66 years of age and still having a mortgage to pay. What? How can that be? Surely there's something wrong when a couple who have been of working age for 50 years are still making house payments.

This is precisely the kind of terrible situation that I'm hoping to help people avoid.

At this age Linda and her husband should be able to spend time with their grandchild and relax a bit. They shouldn't have to be spending their time chasing the government to change the federal tax system. I hope they sell up, pay off the mortgage, and move into something smaller and/or more affordable. They can have more time with the family and never have to worry about mortgage payments again.

PS. Trivia: the word mortgage is Latin for 'death-pledge' but paying for a home shouldn't take up our whole life.

Comments

My October challenge

Decluttering can be overwhelming. I've been stuck. Shelves and boxes and drawers full of stuff I should go through but not sure where to start. Aaagh - there's so much of it. The solution? So for myself (and for you if you want) I've developed a strategy. I've picked 31 categories in advance. I plan to tackle one item per day of October. If I miss a few that's OK. The point is to overcome overwhelm. To focus on one thing at a time. To move forward instead of being stuck. My favourite way to declutter is to sell online . (I even wrote a free ebook of tips for selling online). I also like to recycle or upcycle things. Wanna join in? I've chosen categories where I think most people would have excess. If there's a category you have already dealt with, that's cool. Have a rest day - or go even further in one of the previous areas. The list Ok so here's my plan for this October. Bookmark this post or download the picture of my notes. For each category I ...

Go Fund Yourself

Go Fund Yourself is a basic money guide. Written for younger adults and usable for all, it covers many aspects of money - jobs, businesses, spending and investing. It's British, so some information is UK-specific. But this is far outweighed by helpful information that transcends national borders. Reason for being The Japanese word Ikigai means reason for being. It originates in Okinawa, where they view work not so much as a necessary chore that we retire from, but something that is innate to us as individuals. Ikigai is about fulfilling work by finding a combination of work we love doing something the world needs, while earning money and doing something we're good at. It's about finding the centre of the diagram where all the circles overlap. Ideal income It's easy to think that an ideal income is the highest one possible. Perhaps that's why we don't consider Ikigai as much as we could; why we sometimes just take the job or career with the highest pay. ...

5 Reasons why we hoard - and they're wrong

"Less is More" is one of the catch-cries of downsizing. Often the fewer things we have the more we value them. So it's a great title for a book that's basically a manual for how to de-clutter your home. The introductory chapter of Less is More: How to De-clutter Your Life gives some great insights into why we find it so hard to reduce our stuff. Here are 5 of them - the last one is one of the biggest for me. 1. The cost of holding on. We were raised by our parents and grandparents and in their day items were expensive and space was cheap. It made sense in those days to hold onto stuff just in case you ever needed it. But today housing is expensive and items are cheap. It's hard to change a habit, but now we save much more by downsizing. 2. Keeping it in the family. For some reason we prefer to give things to those close to us. Again this was viable in the days of big families and lots of children to receive hand-me-downs. But these days we have smaller fa...

But wait... there's less!

Search This Blog