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  • FIRST POST
    • edinburgher
    • By edinburgher 2nd May 14, 3:58 PM
    • 10,614Posts
    • 55,091Thanks
    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 284
    • Suffolk lass
    • By Suffolk lass 29th May 17, 8:26 AM
    • 1,282 Posts
    • 15,737 Thanks
    Suffolk lass
    Nothing wrong with white walls in a country cottage! Our larder shelving is all oak floorboards and a marble hearth from a reclamation place that my husband worked up to fit the space. I have the advantage that he teaches Design and Tech (that's woodwork and metalwork to those of us of a certain age!).

    I was just going to say you can check your credit score (should you want to) using Martin's credit club, without it taking a further dip. You are braver than me. I have one 0% card that I used to move cash to our C/A to pay for the replacement car last year (after husband wrote ours off). It runs out in September and I am on-track to pay it off then. You put my savings returns to shame.

    Have you considered another option for your FIRE plans if the Pension age were to increase again and the current age 55 for drawdown were to be pushed back or be withdrawn? I was reading another article suggesting 67 SPA might go out to 70 in the next 10 years. Conscious you are likely to be affected, I wondered if you had considered this. Very few pensions have reserved rights to a particular age (my original CS pension does)
    Last edited by Suffolk lass; 29-05-2017 at 8:27 AM. Reason: punctuation
    MFiT T4 #2 update 25.95% after Q5
    Save £12k in 2017 #64 - £4340.03/£4583.33 (39.45%/41.66%) after May - 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) - 40.12/41.67% including stores after May
    Reading and learning about investing...
    • edinburgher
    • By edinburgher 29th May 17, 6:20 PM
    • 10,614 Posts
    • 55,091 Thanks
    edinburgher
    I already assume that draw down will be from age 58, so the idea of it being later (not earlier) is never far from my mind. In any case, my retirement income will be lumpy as I (currently) expect something at 58, then another few ££££ at 65 (preserved DB pension) and then a full state pension at 68 (assuming it's still a thing).

    As I've discussed with SSS in his diary a couple of times, I expect to slam the brakes on pension investing once we hit a meaningful amount and to try and fill ISAs from that point. By then, hopefully the pension snowball should be big enough to take care of itself and we'd just try and maximise the employer match. What point will that be? Not quite sure yet, maybe £150k or so (depends on whether we want to own our current home/whether we plan on moving to a lower cost of living area).

    Alternatively? If that doesn't quite pan out, I'd have no problem using credit card borrowing to smooth income to retirement by say stoozing 3 year's worth of income and paying it off out of PCLS.

    Lots of options, nothing that worries me particularly. Worst case scenario is that retirement can't be quite as early as we'd like and that we end up retiring closer to conventional age with more money than we know what to do with
    • SuperSecretSquirrel
    • By SuperSecretSquirrel 2nd Jun 17, 9:07 AM
    • 534 Posts
    • 2,308 Thanks
    SuperSecretSquirrel
    Hi Ed, I'm back with another stoozing question. The mule card, can you rinse and repeat it over and over again? Say I got myself the 0.5% money transfer card with a credit limit of 1k, and a single 0% for three years no fee BT in first three months card with a credit limit of 10k... Could I money transfer 1k from mule to current account, transfer the balance over to BT card, then over the next few days/weeks repeat 10 times, end up with zero balance on the mule, 10k on the BT, and 10k on hand in current account to shift to savings/investments?

    I understand there may be limits on money transfers and balance transfers e.g. up to 90% of credit limit, so the above may be a little simplistic, but what I'm really getting at is does the mule credit limit really matter all that much?

    Thanks
    Mortgage [2013 £64k|2014 £51k|2015 £38k|2016 £26k] £19,426.93
    MN [2013-£25k|2014-£2k|2015+£16k|2016+£34k] +£41,760.64 (MFiT4:+60k)
    NW [2013 £126k|2014 £156k|2015 £190k|2016 £228k] £250,951.69 (2020:300k)
    FI [2013 -1.2%|2014 2.8%|2015 6.9%|2016 13%] 15.3%
    • edinburgher
    • By edinburgher 2nd Jun 17, 1:20 PM
    • 10,614 Posts
    • 55,091 Thanks
    edinburgher
    SSS, your interpretation is correct. Think I've made 5 money transfers with my mule card now. Starting to run out of homes for the money, so will probably rein things in soon.

    Ps. Accidental pun
    Last edited by edinburgher; 02-06-2017 at 1:32 PM.
    • SuperSecretSquirrel
    • By SuperSecretSquirrel 2nd Jun 17, 7:28 PM
    • 534 Posts
    • 2,308 Thanks
    SuperSecretSquirrel
    Excellent, thanks Ed

    I don't have any homes for extra cash right now, but no harm in getting the theory straight ahead of time

    Then again, 10k would only cost £50, minus any cashback, plus small amounts of interest while the BTs go through. I know you will likely disapprove, but at that price it might be worth going for it regardless and parking it all in PBs short term, odds are good that you'd come out the other end better off Once a better home is found for the cash, shift out of PBs.

    Guess I might give it a go this weekend. Of course this all assumes that someone is willing to offer me another 0% BT card with a nice big limit on it!

    Thanks for all your help
    Mortgage [2013 £64k|2014 £51k|2015 £38k|2016 £26k] £19,426.93
    MN [2013-£25k|2014-£2k|2015+£16k|2016+£34k] +£41,760.64 (MFiT4:+60k)
    NW [2013 £126k|2014 £156k|2015 £190k|2016 £228k] £250,951.69 (2020:300k)
    FI [2013 -1.2%|2014 2.8%|2015 6.9%|2016 13%] 15.3%
    • edinburgher
    • By edinburgher 2nd Jun 17, 9:59 PM
    • 10,614 Posts
    • 55,091 Thanks
    edinburgher
    You're welcome SSS. I don't have any axe to grind re. PBs, you're basically having a small flutter with someone else's money and no risk
    • edinburgher
    • By edinburgher 16th Jun 17, 8:27 PM
    • 10,614 Posts
    • 55,091 Thanks
    edinburgher
    So many posts about wine...
    Hello all, another post about wine

    I am in the midst of a massive stooze (nearly finished, although still building up the 'slow' stooze part of the pot).

    I saw a rather cracking offer on HUKD that basically offered £6.25 worth of Mr M points for buying £50 John L3wis vouchers that are accepted by Waitr0se. As regular visitors might know, I've fallen in love with the fact that I can buy fancy pants wine for deep discounts there.

    Today's purchase was 13 bottles of Pinot Gris (originally £129.87) for £66.37/£5.11/bottle. 20% off wine, £25 off £100 spend, 12.5% return in Morrison'5 points buying vouchers instore and free delivery. I makes them work for the money
    • Karmacat
    • By Karmacat 16th Jun 17, 10:59 PM
    • 27,388 Posts
    • 148,352 Thanks
    Karmacat
    I love it when you can stack deals together

    Good for you!
    Retired August 2016

    Goal: earnings of £25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • edinburgher
    • By edinburgher 17th Jun 17, 1:29 PM
    • 10,614 Posts
    • 55,091 Thanks
    edinburgher
    Being of a mind to make hay while the offer sun shines, I have picked up another £250 of vouchers today Should do us for a year or so. That said, wine doesn't last as long as it used to as I've got into the habit of gifting bottles when we're caught on the hop without a present, as a good bottle is always well received.

    Also picked up a Dutch hoe for the garden and some baking potatoes to throw on the BBQ this afternoon
    • Karmacat
    • By Karmacat 17th Jun 17, 3:14 PM
    • 27,388 Posts
    • 148,352 Thanks
    Karmacat
    My life just isn't that active though I did actually buy a bottle of wine today, as our board games evenings might finally get going again.
    Retired August 2016

    Goal: earnings of £25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • edinburgher
    • By edinburgher 18th Jun 17, 1:36 PM
    • 10,614 Posts
    • 55,091 Thanks
    edinburgher
    The Dutch hoe makes it so much easier to weed beds!

    Celebrated Father's Day with an overly large burger and I have a couple of mini cannolis for after our park walk this afternoon.

    Managed to pick up another £100 of JL vouchers and a £50 M&S voucher for work clothes, that was a great offer while it lasted, now have 8-9 £5 off Mr M's vouchers in my wallet, that's like a month of fish and meat.
    • Secret Saving Squirrel
    • By Secret Saving Squirrel 18th Jun 17, 9:30 PM
    • 3,829 Posts
    • 35,553 Thanks
    Secret Saving Squirrel
    That is a very good wine deal. Our local supermarket was recently offering 25% off 6 or more bottles, but they also had a 25% off for a case deal. We got two cases and the cashier worked out the discount and took it off the price.... Then the till calculated another 25% off as we had twelve bottles. We couldn't get out of there quickly enough and were sorely tempted to grab more but didn't want to get rumbled.
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years
    • edinburgher
    • By edinburgher 18th Jun 17, 10:22 PM
    • 10,614 Posts
    • 55,091 Thanks
    edinburgher
    I miss 25% off 6 - stupid Scotland!

    Excellent real there squirrel, I think you made the right decision.
    • edinburgher
    • By edinburgher 25th Jun 17, 6:09 PM
    • 10,614 Posts
    • 55,091 Thanks
    edinburgher
    Have started making OPs, be they ever so humble. NW update tomorrow
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