This week on Talking Money we looked at the issues that might arise due to changes in mortgage lending rules. Karl Deeter and Jill Kerby have a weekly piece on RTE with Mary Wilson, tune in Monday’s at 18:10
On Monday the 27th of October we had the first of two parts about pensions, the focus this week was that people are passing up money that is on the table for the taking. The other issues were about the kind of advice you get, and the best ways to structure your pension as well as to demonstrate the available funds if you save for retirement.
It was budget week and on ‘Talking Money’ we came up with a ‘fantasy budget’ which considered some of the things we might do if budgetary powers were in our hands. Some are far out, others are novel, some (like car tax abolition) are pragmatic, you can decide for yourself what you think!
This week on ‘Talking Money’ which is on RTE’s Drivetime Mondays at 18:15 we covered the issue of mortgage arrears and how it impacts on insurance, in particular life cover.
The problem we see time and again is that people cancel their life insurance to save money and that is false economy, or worse, they took out cover with the bank and it’s tied to the mortgage payment so that when you miss one you miss the other, this is a mistake and we set out what you have to do to fix it.
We started off our ‘Talking Money’ series with RTE’s Drivetime (tune in Monday’s at 18:15!) with a talk about the effects of overpaying debt, in particular mortgages.
Paying off debt can often be better than savings because of the difference between the effect debt has on your wealth versus the effect of earned interest on savings. We covered all the bases and tried to explain it in plain English.
We hope you enjoy the weekly pieces which will run through the summer, and don’t forget to write down the hot tip we have each week!