tag:blogger.com,1999:blog-7875020128059050774.post7763499186139242079..comments2023-06-08T14:19:59.270+01:00Comments on Simon Gompertz notebook: Forget about ISAs - pay off the mortgageSimonhttp://www.blogger.com/profile/04435562370308333196noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7875020128059050774.post-74270590454605892742011-03-13T18:42:38.066+00:002011-03-13T18:42:38.066+00:00People say it's wise to keep an easily accessi...People say it's wise to keep an easily accessible reserve for emergencies and an instant access ISA is a suitable place for that, though I can't say what's right for your particular circumstances.<br />And some experts warn that it's a good idea to keep your emergency money in a different bank to your current account or mortgage. Banks have been known to transfer money out of a savings account to cover a deficit elsewhere.Simonhttps://www.blogger.com/profile/04435562370308333196noreply@blogger.comtag:blogger.com,1999:blog-7875020128059050774.post-47837317259699530212011-03-13T14:12:17.859+00:002011-03-13T14:12:17.859+00:00We are a family with two young children. My wife d...We are a family with two young children. My wife doesn't work (was made redundant and looks after the kids / house). I work. <br /><br />Could there be an argument to lose money on interest, if that money could be used as a safety net if I lose my job? Consequences of losing two or three hundred pounds per year in interest = low. Consequences of losing job then not having money for mortgage / bills / cost of living = high.<br /><br />Would appreciate your thoughts!DrBigDavehttps://www.blogger.com/profile/18056147064584008636noreply@blogger.com