Oh deary me! £50,000 as well

[RobM]

"A lottery-winning couple who blew all of their prize money in the space of a year say they are now facing eviction from their home for a second time after being refused benefits.

Jobless Jamie and Abbie Hort won £50,000 in the Christmas 2014 Channel Islands Lottery but the Guernsey couple claim that after living on the winnings throughout 2015 there is nothing left.

They splashed the cash on designer clothes, holidays, new furniture and a giant TV for their flat.

When the winnings ran out last month the Horts were unable to pay their rent, so put in a request for income support and housing benefit. But this was refused and the couple were evicted from their £890-a-month flat."


I wonder your views, Ladies and Gentlemen!

 

[tottenham541]

Their own fault for blowing good money when they knew the situation they were in from the start.

 

[southendkid]

There have been studies that show lottery winners have a bankruptcy rate twice that of the normal population. People forget when they win the lottery that, unlike a salary, it isn't going to replenish every month.

 

[mrsblue]

"A lottery-winning couple who blew all of their prize money in the space of a year say they are now facing eviction from their home for a second time after being refused benefits.

Jobless Jamie and Abbie Hort won £50,000 in the Christmas 2014 Channel Islands Lottery but the Guernsey couple claim that after living on the winnings throughout 2015 there is nothing left.

They splashed the cash on designer clothes, holidays, new furniture and a giant TV for their flat.

When the winnings ran out last month the Horts were unable to pay their rent, so put in a request for income support and housing benefit. But this was refused and the couple were evicted from their £890-a-month flat."


I wonder your views, Ladies and Gentlemen!

Mugs !

50k in a year is eye watering to say the least,Would have been better blowing 20k and the other 30k on premium bonds.

 

[Forever A Shrimper]

Mugs !

50k in a year is eye watering to say the least,Would have been better blowing 20k and the other 30k on premium bonds.

or some of the other investment ops that are actually worthwhile.

 

[mrsblue]

or some of the other investment ops that are actually worthwhile.

Nah stuff that ,PB are safe as they come.

 

[OldBlueLady]

I thought you had to have a basic sum of money behind you to live on the Channel Islands, yet both were jobless?

They have been incredibly stupid, shame no-one was able to give them some sensible advice. Bit naive to think that £50k was going to go far when there was no other income coming in.

 

[EastStandBlue]

Mugs !

50k in a year is eye watering to say the least,Would have been better blowing 20k and the other 30k on premium bonds.

Blimey, now independent financial advice! Is there no end to your talents?

 

[Benfleet A1]

I thought you had to have a basic sum of money behind you to live on the Channel Islands, yet both were jobless?

They have been incredibly stupid, shame no-one was able to give them some sensible advice. Bit naive to think that £50k was going to go far when there was no other income coming in.

Only if you move there, that's how it used to work anyway.

 

[OldBlueLady]

Only if you move there, that's how it used to work anyway.

I wonder if they have migrated there or are natives then, either way, you'd expect there was some money somewhere in the family!

 

[Tinks]

I thought you had to have a basic sum of money behind you to live on the Channel Islands, yet both were jobless?

They have been incredibly stupid, shame no-one was able to give them some sensible advice. Bit naive to think that £50k was going to go far when there was no other income coming in.

You do and unless you have lived for several years there you cannot either buy a property. On one of our holidays we made friends with a couple who lived there and they explained this to us

 

[mrsblue]

Blimey, now independent financial advice! Is there no end to your talents?

Being fair,

Not everyone can be as dopey as you.