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  • FIRST POST
    • edinburgher
    • By edinburgher 2nd May 14, 3:58 PM
    • 10,581Posts
    • 54,859Thanks
    edinburgher
    Only freedom will do
    • #1
    • 2nd May 14, 3:58 PM
    Only freedom will do 2nd May 14 at 3:58 PM
    It has come to my attention that I have been here for a very long time

    I joined these forums in a dim and distant past, where money was my enemy and the weight of my student debts left me crushed and panicked, unable to picture a future where I would be able to get a debit card (never mind a mortgage).

    5 years later and the milestones of marriage, first home and first car have come and gone. Throughout it all, I have had a creeping feeling that something wasnít quite right. I donít get the world of work, and while Iíve never been unemployed in my adult life, Iíve tried too hard to try my hand at too many things and Iím left feeling like Iím an actor who recognises the play, but does not understand his motivation.

    As some of you will know, I have experienced some real heartache of late. Your messages of support and hope have been so touching and in many cases, I have got more comfort from anonymous individuals who took the time to get in touch than people I know in the Ďrealí world.

    While money would have done nothing to prevent it, the luxury of savings and our hard work over the years meant that we were in a position to make the right decisions and take our time with our next steps. Returning to work has been a real blow and without sounding even more melodramatic, I donít think Iíd realised just how damaging I find the merry-go-round of rote work, office politics and bureaucracy.

    It wonít do, I canít believe that this is as good as it gets and to quote one of my favourite singers ĎWe can always build a world better than thisí.

    From this point on, I plan to dedicate myself to achieving financial independence. Not MFW, but freedom from all the nonsense that we go through to just to pay for a pile of bricks and a few years of leisure at the end of our span.

    Hopefully you can join me for the journey
Page 273
    • Suffolk lass
    • By Suffolk lass 7th Mar 17, 8:33 PM
    • 1,201 Posts
    • 15,199 Thanks
    Suffolk lass
    It's bad enough that we have to pay an IFA for advice if we want to liquidate a DC pension over £30k - they also tax 75% of the fund at our prevailing tax rate (Mutley rasser, rasser). If they remove the tax relief from the PCLS I might cry - it is two years until I finish...
    MFiT T4 #2 update 25.95% after Q5
    Save £12k in 2017 #64 - £3165.65/£3666.66 (28.78%/33.33%) after Apr - my annual target is £11,000 (Save £12k in 2016 thread £10,488.04/£10,000)
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 32.68/33.33% including stores after April
    Reading and learning about investing...
    • edinburgher
    • By edinburgher 8th Mar 17, 8:44 AM
    • 10,581 Posts
    • 54,859 Thanks
    edinburgher
    I think that it's fair enough paying an IFA in that circumstance, but it's just a shame that the costs aren't particularly scalabale (i.e. I get the impression that the same amount of work is required on the part of the IFA for a £35k transfer vs. a £350k transfer). Considering some of the threads I've read over on the pensions board, I can understand the need to protect people from themselves!

    Some of the values being bandied around are jsut crazy though, so I can understand the temptation. I have read at least one thread where a 37x offer had been made
    • edinburgher
    • By edinburgher 8th Mar 17, 8:14 PM
    • 10,581 Posts
    • 54,859 Thanks
    edinburgher
    Throat killing me - blinking babies making everybody sick!

    Council Tax has gone up by both the national increase and a 3% local increase. Bum.
    • Suffolk lass
    • By Suffolk lass 8th Mar 17, 10:17 PM
    • 1,201 Posts
    • 15,199 Thanks
    Suffolk lass
    I think that it's fair enough paying an IFA in that circumstance, but it's just a shame that the costs aren't particularly scalabale (i.e. I get the impression that the same amount of work is required on the part of the IFA for a £35k transfer vs. a £350k transfer). Considering some of the threads I've read over on the pensions board, I can understand the need to protect people from themselves!

    Some of the values being bandied around are jsut crazy though, so I can understand the temptation. I have read at least one thread where a 37x offer had been made
    Originally posted by edinburgher
    37x Offer! I presume that is a DB cash in price?
    MFiT T4 #2 update 25.95% after Q5
    Save £12k in 2017 #64 - £3165.65/£3666.66 (28.78%/33.33%) after Apr - my annual target is £11,000 (Save £12k in 2016 thread £10,488.04/£10,000)
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 32.68/33.33% including stores after April
    Reading and learning about investing...
    • edinburgher
    • By edinburgher 9th Mar 17, 5:33 AM
    • 10,581 Posts
    • 54,859 Thanks
    edinburgher
    Yes, it was
    • edinburgher
    • By edinburgher 9th Mar 17, 2:34 PM
    • 10,581 Posts
    • 54,859 Thanks
    edinburgher
    Have booked myself a wee daddy daytrip to London - £70 1st class return in the V1rgin sale
    • AlexLK
    • By AlexLK 9th Mar 17, 9:05 PM
    • 5,630 Posts
    • 28,872 Thanks
    AlexLK
    Day trip to London all the way from Glasgow?
    Savings 2017: £2000. Overpayments 2017: £500.
    Saved £11,000 in 2015, £9,800 in 2016.
    From £32,000 in debt on 2/9/2013 to debt free on 12/1/2015.
    • edinburgher
    • By edinburgher 9th Mar 17, 9:10 PM
    • 10,581 Posts
    • 54,859 Thanks
    edinburgher
    Day trip to London all the way from Glasgow?
    Originally posted by AlexLK
    Well, an overnight, same day might be a bit much!

    Thank the Lord - Mrs E has returned from a conference and has brought antibiotic eye drops for a nasty dose of conjunctivitis that DD kindly passed on to me
    Last edited by edinburgher; 09-03-2017 at 9:42 PM.
    • Suffolk lass
    • By Suffolk lass 10th Mar 17, 1:05 PM
    • 1,201 Posts
    • 15,199 Thanks
    Suffolk lass
    Should you be interested, the Paul Mas Malbec (2015) is on offer for £6 in Morries at the moment. I've just picked up a couple (rude not to, really). I recall you recommending the Claudette du Languedoc recently when that was on offer. Although not a Decanter award-winner, his wines are usually good drinking and I am fond of Malbec
    MFiT T4 #2 update 25.95% after Q5
    Save £12k in 2017 #64 - £3165.65/£3666.66 (28.78%/33.33%) after Apr - my annual target is £11,000 (Save £12k in 2016 thread £10,488.04/£10,000)
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 32.68/33.33% including stores after April
    Reading and learning about investing...
    • earthgirl
    • By earthgirl 10th Mar 17, 9:56 PM
    • 2,208 Posts
    • 17,793 Thanks
    earthgirl
    Conjunctivitis and colds I feel your pain! Get well soon!
    15/5/12 Paid off Mortgage 1 (£220k) Dec 13 - £116,508 Bought Dream House Dec 14 - £94, 402 (£22,106 offset in 2014) Jan 16 - £67, 852 (£26,550 offset in 2015) Dec 16 - £33,529 ( £34,323offset in 2016)
    Jan 17 - £39, 773 (Re-estimation of endowments )
    April 17 £33,710
    Kids savings 13,578/36k
    • edinburgher
    • By edinburgher 11th Mar 17, 1:28 PM
    • 10,581 Posts
    • 54,859 Thanks
    edinburgher
    Thanks both.

    Conjunctivitis a wee bit better, but regrettably both Mr M's out of wine

    On couch with a beer feeling sorry for myself
    • edinburgher
    • By edinburgher 13th Mar 17, 9:54 AM
    • 10,581 Posts
    • 54,859 Thanks
    edinburgher
    Still feeling rotten, but back at work. Several brief absences over the course of the last year mean that I can't really afford to be out of the office (don't you just love kids)?

    £10 from a Zopa referral banked. Normally I'd pay this into savings, but I think I'll let myself keep the next few towards my London trip

    Ironically I think that I've made more from P2P referrals than I ever did in interest!

    House price appears to have dipped by another few ££££, thanks Brexit. As well as more expensive staples in the supermarket, I have also noticed that it is now nigh on impossible to pick up decent reductions. I suspect the reason is that everyone is starting to feel the pinch (whether consciously or unconsciously) of rising prices and wage growth stagnation? I used to be able to fill our freezer with decent quality reductions, it was a bit of a game almost. Now I'd say that I find maybe 1/4 of what I used to.... I am grateful that we earn ok wages, but I am definitely starting to notice inflation outpacing wage growth in real ways.

    The final damage of council tax reductions was an increase of nearly 8.5%. Considering the fact that we were told we were facing 2 increases of 3% each, I am at a loss to explain why the real figure is this high It is a little frustrating scrimping a few £ here and there when taxes can turn around and take £25/month at a moment's notice.

    *Edit: just realised that the drop in home equity now means that we have more in S&S equities than bricks and mortar. That's exciting, will be a millionaire homeless nomad before I know it
    Last edited by edinburgher; 13-03-2017 at 12:27 PM.
    • edinburgher
    • By edinburgher 13th Mar 17, 4:08 PM
    • 10,581 Posts
    • 54,859 Thanks
    edinburgher
    Question for MFW bloggers - can you recommend a cheap domain registrar for parking a few domains relevant to my eventual blog?

    No time to do anything bar register them at the moment, but I have figured out a name and want to get started.
    • ajmoney
    • By ajmoney 13th Mar 17, 4:15 PM
    • 4,800 Posts
    • 55,230 Thanks
    ajmoney
    Ed - It depends what council tax band you are as to the increase, I have copied this from our council's page

    "The Scottish Government has also changed the way that council tax for bands E to H is calculated, which means that bills for these households will increase by more than 3%. The council has no control over this part of the increase."

    I hope this makes more sense.
    2017 MFW No. 70 £2527.53/£5500
    MFiT-T4 No. 70 £14304.40/£329736
    Mortgage £126083.76 Savings £82994.41
    Total left to pay/save £43089.35
    • edinburgher
    • By edinburgher 13th Mar 17, 4:32 PM
    • 10,581 Posts
    • 54,859 Thanks
    edinburgher
    That got me started on some internet searching - I've actually made a mistake - the increase is 10.5%

    It is pathetic that I am bracketed with the wealthiest people in the country when we own a 3 bedroom shoebox in a nondescript suburb

    I'm actually in favour of increased taxes to solve budgetary problems where the money is spent well, but this is too high an increase to be ignored. Aaaand Scottish Water have put up their prices.
    Last edited by edinburgher; 13-03-2017 at 4:35 PM.
    • ajmoney
    • By ajmoney 13th Mar 17, 4:36 PM
    • 4,800 Posts
    • 55,230 Thanks
    ajmoney
    That got me started on some internet searching - I've actually made a mistake - the increase is 10.5%

    It is pathetic that I am bracketed with the wealthiest people in the country when we own a 3 bedroom shoebox in a nondescript suburb

    I'm actually in favour of increased taxes to solve budgetary problems where the money is spent well, but this is too high an increase to be ignored.
    Originally posted by edinburgher
    I am burying my head in the sand and waiting for our breakdown to come through...what band are you in?

    Edit - I have just checked, I should be grateful that ours is only going up by £27 a month after a 10 year freeze.
    Last edited by ajmoney; 13-03-2017 at 4:39 PM.
    2017 MFW No. 70 £2527.53/£5500
    MFiT-T4 No. 70 £14304.40/£329736
    Mortgage £126083.76 Savings £82994.41
    Total left to pay/save £43089.35
    • edinburgher
    • By edinburgher 13th Mar 17, 4:52 PM
    • 10,581 Posts
    • 54,859 Thanks
    edinburgher
    Band E.

    Unlike yourself (I'm guessing), we pretty much bought the most house we could afford in an area with fantastic schools. Our real increase may only be £25/month, but that's a lot when you're on 1.5 salaries that just about make it to the median for the UK.
    • Knit Witch
    • By Knit Witch 13th Mar 17, 5:26 PM
    • 3,686 Posts
    • 26,743 Thanks
    Knit Witch
    I host my blog/s through heart internet
    "Shop" From Stash (5 skeins down!)
    OS Weight Loss 5/3
    • Suffolk lass
    • By Suffolk lass 13th Mar 17, 7:35 PM
    • 1,201 Posts
    • 15,199 Thanks
    Suffolk lass
    My Mum's in East Ayrshire and lives alone. With her 25% discount hers is still up by £32 a month from £202 to £234. She won't consider moving because it was the house she shared with my Dad until he died.
    MFiT T4 #2 update 25.95% after Q5
    Save £12k in 2017 #64 - £3165.65/£3666.66 (28.78%/33.33%) after Apr - my annual target is £11,000 (Save £12k in 2016 thread £10,488.04/£10,000)
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 32.68/33.33% including stores after April
    Reading and learning about investing...
    • Karmacat
    • By Karmacat 19th Mar 17, 11:39 AM
    • 27,212 Posts
    • 146,262 Thanks
    Karmacat
    Just catching up, Ed - I buy my domains through 123reg, my current live sites are on tsohost (whose admin is very complicated, even though they're cheap and efficient, I don't like the admin, and I'm moving). Weebly has our old work website, and they give you 500MB of free bandwidith, but they're so massive you'll never speak to anyone, which is a real plus with tsohost, they really did talk me through some backroom stuff. For simple buying of a domain, 123reg remains my standard.
    Retired August 2016

    Goal: earnings of £25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
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