Irish Politics Thread

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 Drumcondra 69er wrote:

 Het-field wrote:

 sausy wrote:

I rather see an increase from 90% to 95% for FTB's. Will still make people save but make home ownership more obtainable for a lot more people.

One thing that has been said to me before is that Irish folk have a strange attitudes towards savings. Apparently we have a very low rate of people who invest, and a lot of people I know leave their money either in extremely low interest savings accounts, or worse still, in their current account, with no return, and effectively have the money sitting in a mattress, as far as developing savings is concerned.

Now I’m not sure that this is entirely true, but I feel there is a serious lack in financial education in the country and that plays in to people’s disposable income, which in best terms should be set aside, in the best yielding accounts with a view to using it to finance property purchases and retirement. 

It's 100% true, I'm as guilty as anyone on that count. Definitely should be part of education system imo. 

I think it would be invaluable going forward. I find it bizarre that many of my generation won’t go near a credit card. A Credit Card with a small limit linked to your Luas Card and your monthly Gym fee can be invaluable as you try and build a good credit rating And if you don’t trust yourself with it, stick it in a secure place at home and never bring it with you. Tracking your expenses is also easier than ever with contactless payments. There are minor little things that I’ve been stunned that people aren’t aware of, but could make a major difference.