British Expats
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British Expats (https://britishexpats.com/forum/)
-   Spain (https://britishexpats.com/forum/spain-75/)
-   -   Is anyone feeling the pinch? (https://britishexpats.com/forum/spain-75/anyone-feeling-pinch-509975/)

hrothgar Jan 28th 2008 9:33 pm
Is anyone feeling the pinch?
 
As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!

EsuriJohn Jan 28th 2008 9:48 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by hrothgar (Post 5852801)
As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!
You must be very rich indeed to have an income of £24,000 per month I would not miss the odd €3000 if I had about €36,000 a month coming in.:D

Mitzyboy Jan 28th 2008 9:53 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by hrothgar (Post 5852801)
As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!
I started a thread on this in Siesta time, and got very little input. Not only pension r/ex implications, but investments on stocks / shares down also.

rugbymatt Jan 28th 2008 9:55 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by Mitzyboy (Post 5852936)
I started a thread on this in Siesta time, and got very little input. Not only pension r/ex implications, but investments on stocks / shares down also.
Except the excellent advice I offered.

GrapeEater Jan 28th 2008 9:56 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by hrothgar (Post 5852801)
As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!
My wife! She won't let me pinch her anymore.

Same Difference Jan 28th 2008 9:58 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by rugbymatt (Post 5852943)
Except the excellent advice I offered.
Bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbullseye! :lol:
__________________

malagaman Jan 28th 2008 9:59 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by hrothgar (Post 5852801)
As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!
That must be one hell of a pension you're on if a difference of 8 cents drop in the euro makes a 3000 euro defecit!!!
I don't know what a pension you're on but let's take a round figure of £1000 per month. At 1.40 euros per pound you would get 1400 euros, at 1.32 euros you would get 1320 euros a difference of 80 euros or am I missing something? apologies if I am

rugbymatt Jan 28th 2008 9:59 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by Same Difference (Post 5852964)
Bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbullseye! :lol:
__________________
He is gonna get upset you know.

Same Difference Jan 28th 2008 10:00 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by rugbymatt (Post 5852973)
He is gonna get upset you know.
Nah, he`s a mod........mods are as hard as steel ;)

Mitzyboy Jan 28th 2008 10:01 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by malagaman (Post 5852966)
That must be one hell of a pension you're on if a difference of 8 cents drop in the euro makes a 3000 euro defecit!!!
I don't know what a pension you're on but let's take a round figure of £1000 per month. At 1.40 euros per pound you would get 1400 euros, at 1.32 euros you would get 1320 euros a difference of 80 euros or am I missing something? apologies if I am
I think its fairly obvious that the OP has made a mistake and probably means €3000 a year ;):)

rugbymatt Jan 28th 2008 10:01 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by Same Difference (Post 5852977)
Nah, he`s a mod........mods are as hard as steel ;)
I think he is ignoring us.................he should know better than that, no one can ignore us!

Same Difference Jan 28th 2008 10:03 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by rugbymatt (Post 5852984)
I think he is ignoring us.................he should know better than that, no one can ignore us!
Dont forget he is older than us, it may take him a while to think of a witty reply :lol:

rugbymatt Jan 28th 2008 10:04 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by Same Difference (Post 5852994)
Dont forget he is older than us, it may take him a while to think of a witty reply :lol:
That's true.............and he looks suspiciously like the second guy on my Crimestoppers link!

Same Difference Jan 28th 2008 10:06 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by rugbymatt (Post 5853002)
That's true.............and he looks suspiciously like the second guy on my Crimestoppers link!
I did notice the likeness ;)...........Oh dear Im a newbie, Im going to get into trouble I can see!

rugbymatt Jan 28th 2008 10:08 pm
Re: Is anyone feeling the pinch?
 
Originally Posted by Same Difference (Post 5853012)
I did notice the likeness ;)...........Oh dear Im a newbie, Im going to get into trouble I can see!
That's OK, you fit in nicely, but I am a little worried that Mitzy is keeping so quiet.


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