Hi All,
Relatively new poster here, been lurking for awhile though as do most in the "Where to Buy" sub forum .
:
Questions:
- Should we be dumping our salaries directly into the offset account rather than paying our mortgage at the start of the month and then as we build up a buffer in our own daily transaction accounts depositing extra?
- We currently pay for bills in turns (e.g. my girlfriend will find a fare split between the bills and pay these out of our normal everyday accounts, should this be done via our offset account?
- Should we be putting our salaries directly into the offset account? and using the offset account for daily transactions such as paying for lunch, weekly groceries and other items?
- Should we as an alternative measure, be using a credit card and just making sure we are paying it on time to keep the money in our offset account for longer? (Note, neither of us have ever had a credit card nor required one with the functionality of debit cards)
We do plan to eventually purchase an IP (realistic goal would be within 18 months) - We are planning to do a bit of travelling within the next 6 months before we knuckle down and purchase an IP.
Thanks in advance,
Trqx - SS newbie.
Relatively new poster here, been lurking for awhile though as do most in the "Where to Buy" sub forum .
:
Questions:
- Should we be dumping our salaries directly into the offset account rather than paying our mortgage at the start of the month and then as we build up a buffer in our own daily transaction accounts depositing extra?
- We currently pay for bills in turns (e.g. my girlfriend will find a fare split between the bills and pay these out of our normal everyday accounts, should this be done via our offset account?
- Should we be putting our salaries directly into the offset account? and using the offset account for daily transactions such as paying for lunch, weekly groceries and other items?
- Should we as an alternative measure, be using a credit card and just making sure we are paying it on time to keep the money in our offset account for longer? (Note, neither of us have ever had a credit card nor required one with the functionality of debit cards)
We do plan to eventually purchase an IP (realistic goal would be within 18 months) - We are planning to do a bit of travelling within the next 6 months before we knuckle down and purchase an IP.
Thanks in advance,
Trqx - SS newbie.
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