27 June 2012

Paying the Bills

How does your household expenditure compare with this list which I came across today...?

TV - £10
Water - £70
Council Tax - £200
Cable/Sky - £30
Phone - £30
Gas - £70
Electricity - £60
Mortgage - £500
Food £440
TOTAL - £1,400

And the next question... how would you pay for those things if you lost your job / company?

It's true that Payment Protection Insurance (PPI) was mis-sold, but the danger is that we all leave ourselves with no income protection. Short term income protection (like PPI) is still useful - especially for debts like a mortgage. Long term Income Protection may be better value though.

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