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Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by bokeh
(Post 6391786)
A couple of years ago on Saturdays people were queuing for 20 minutes to get into their local shopping mall car park. Now there are plenty of spaces and no wait.Even if you have no debt, credit or mortgage and are not encumbered by exchange rates you are still going to feel the pinch. When I arrived in Spain diesel was 138pts (0.83€) and milk was 70pts (0.42€). Now they are 1.30€ and 0.75€ respectively. In the same period house prices have more than doubled.
wheat , rice ,milk coffee and so on the day to day thinks are about to take hit aswell “Electricity price increase†by 12% in june coming |
Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by jurdyr
(Post 6392084)
Dont for get the wages have gone up aswell , Bokeh how long are you in spain now ? thinks are still going up and Fuel is about to take 15 cent hit this week by the big companys , been told ... so we will be seen 1.50 at the pumps soon
wheat , rice ,milk coffee and so on the day to day thinks are about to take hit aswell “Electricity price increase†by 12% in june coming |
Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by CBANDY
(Post 6392173)
I have been in Spain 10 years and believe me wages have NOT gone up.
They have.....but not in line with prices. Wages are higher than, say, 10 years ago but only by a bit whereas costs have gone up dramatically. Yet this is not to do with the supposed financial crisis we are said to be in now. |
Re: POLL: Are you feeling the pinch in Spain?
Due to the poor exchange rate and having to cash in some investments due to family commitments we are now over 400 euros worse off a month compared to 3 years ago. It would be wrong to say we were finding it hard but we are having to tighten the belt, if we have an unexpected bill or want to go back to UK or anywhere else we now need to take this out of savings. Big expeditor would have to come out of savings as well. We are not robbing Peter to pay Paul but certainly Paul has to wait extra days to get paid.
Like many we took early retirement and our income is fixed any rise in cost of living is not always shown in our present income, my personal pension will not see a rise for 5 years as I took it 11 years early. It was a choice we made and we do not regreet it, everything we have is paid for, our annual total outgoings (not including food or day to living) is 680 euros plus another 800 euros for the car tax, insurance, diesel and up keep, so all in all that's 1,480 euros we know we have to find and the rest is to live on. We know in the short term things will get worse but long term prospects are brighter as we both have our state pensions to look forward to. |
Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by crispy
(Post 6392223)
Due to the poor exchange rate and having to cash in some investments due to family commitments we are now over 400 euros worse off a month compared to 3 years ago. It would be wrong to say we were finding it hard but we are having to tighten the belt, if we have an unexpected bill or want to go back to UK or anywhere else we now need to take this out of savings. Big expeditor would have to come out of savings as well. We are not robbing Peter to pay Paul but certainly Paul has to wait extra days to get paid.
Like many we took early retirement and our income is fixed any rise in cost of living is not always shown in our present income, my personal pension will not see a rise for 5 years as I took it 11 years early. It was a choice we made and we do not regreet it, everything we have is paid for, our annual total outgoings (not including food or day to living) is 680 euros plus another 800 euros for the car tax, insurance, diesel and up keep, so all in all that's 1,480 euros we know we have to find and the rest is to live on. We know in the short term things will get worse but long term prospects are brighter as we both have our state pensions to look forward to. Interest rates on savings invested in the U.K. are 6%+ at the moment this will offset the poor exchange rate a little. Is the euro expensive against other currencies or just the Pound and the Dollar? What would it take to change the situation? |
Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by olivia
(Post 6392338)
Hi
Interest rates on savings invested in the U.K. are 6%+ at the moment this will offset the poor exchange rate a little. Is the euro expensive against other currencies or just the Pound and the Dollar? What would it take to change the situation? Interesting point. Can you expand with, with example maybe for the duller ones like me |
Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by Fortaleza
(Post 6392374)
Interesting point. Can you expand with, with example maybe for the duller ones like me
Not sure what you are asking me to show as an example..... capital can be invested with a U.K. building society off shore at 6.8%. This rate is considerably better than it was a year ago. Not enough to counteract the poor exchange rate...but... every little helps!!! |
Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by olivia
(Post 6392402)
Hi
Not sure what you are asking me to show as an example..... capital can be invested with a U.K. building society off shore at 6.8%. This rate is considerably better than it was a year ago. Not enough to counteract the poor exchange rate...but... every little helps!!! |
Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by olivia
(Post 6392338)
Hi
Interest rates on savings invested in the U.K. are 6%+ at the moment this will offset the poor exchange rate a little. |
Re: POLL: Are you feeling the pinch in Spain?
What do people feel about the pound rebounding back against the Euro?
I nearly converted a stack of Sterling to Euros when a Euro was 66p :frown: |
Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by crispy
(Post 6392425)
We have off shore with Norwich Union and Axa both showing massive losses at the moment.
I am just talking about money on deposit with no losses to capital. |
Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by joggerfan
(Post 6392575)
What do people feel about the pound rebounding back against the Euro?
I nearly converted a stack of Sterling to Euros when a Euro was 66p :frown: When and if it does pick up I'm going to do exactly what you thought of doing ;) |
Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by olivia
(Post 6392591)
Not the same!
I am just talking about money on deposit with no losses to capital. But as I said, its pennies, if you say the diff for instance is 1% :D |
Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by Mitzyboy
(Post 6392433)
Thats really talking pennies compared to the hundreds per month that has been lost with the r/ex dropping from 1.5ish to 1.25ish
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Re: POLL: Are you feeling the pinch in Spain?
Originally Posted by olivia
(Post 6392602)
I guess so! but to look at getting the very best for what you have, both interest earned and finding the best exchange can't be bad advice.
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