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  • FIRST POST
    • Suffolk lass
    • By Suffolk lass 28th Jan 17, 12:18 PM
    • 1,586Posts
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    Suffolk lass
    Get a grip woman!
    • #1
    • 28th Jan 17, 12:18 PM
    Get a grip woman! 28th Jan 17 at 12:18 PM
    Having been reading a number of people's debt-free wannabe diaries for some time now, I have finally decided I will start my own.

    We are less than three years from wanting to stop work, and less than ten years from state retirement age. I manage our household finances and DH lets me get on with it. His attitude is more "live for today" so we are a good balance, I think. We have two holidays each year and sometimes more - and he has some boys toys - 2 Harley Davidson motorcycles in the garage, that seem to always need money spending on them. That said, there is more to be said in favour of a happy and contented DH than against them so I don't resent them in any way.

    So to debts - It seems a good time because I have recently finished the finance on my car, and as of yesterday, paid off the finance for DS's car (I borrowed from him 18 months ago and paid back by buying his car on finance and paying his insurance). I was paying 4.7% on that debt so it was my highest priority. I paid it off 10 months early using most of my HSBC Regular Saver that matured this week.

    The debts I have currently are:

    £110,621 - Mortgage - interest rate of 0.74% (0.5 above the BoEBR)
    £3,476 - DH's car - 0% credit card until Sept 17 - a £4000 cash advance with a £76 fee
    £8,755.54 - Barclays Finance for double glazing 0% over 2 years 2/24 paid

    Total £122,852.54

    It isn't that I can't afford to keep up payments, it is more that I want us to start our non-work phase without them hanging over us, if you know what I mean.

    I think that will do for a scene setter.

    SL
    MFiT T4 #2 update 42.67% after Q7 £5,465 behind where I should be
    Save £12k in 2017 #64 - £9,260.94 saved (84.19%) after October - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 78.56% including stores after October
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
Page 12
    • Suffolk lass
    • By Suffolk lass 1st Dec 17, 4:27 PM
    • 1,586 Posts
    • 18,080 Thanks
    Suffolk lass
    Very slow progress at the moment. Now the boiler pump has gone wrong so no heating. The indication that they would fit the replacement (involving draining down the system and taking 4 hours) is not happening today and the next day I can take at home is around 14th! I let DH take the time out to sort this but we are now in limbo. Am I alone thinking WTF - doesn't this count as urgent with 24 hour delivery for the parts in these circumstances ?i.e. snowing and NO HEATING FOR A WEEK
    MFiT T4 #2 update 42.67% after Q7 £5,465 behind where I should be
    Save £12k in 2017 #64 - £9,260.94 saved (84.19%) after October - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 78.56% including stores after October
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • trix-a-belle
    • By trix-a-belle 1st Dec 17, 6:20 PM
    • 779 Posts
    • 3,307 Thanks
    trix-a-belle
    ohh sweetie i'm thinking warm thoughts for you. I would agree that there is urgency to the matter.
    sleep/live next to the aga & don't let DH near it to realise the impact?
    - Mortgage: 1st one down, 2nd: £114800
    - Student Loan: £ 7100 0!
    Swagbucks, Neobux, GiffGaff, Roamler, Qmee & Quidco; thank you MSE every little bit helps
    MFiT-T4
    • Karmacat
    • By Karmacat 2nd Dec 17, 12:19 PM
    • 28,174 Posts
    • 155,213 Thanks
    Karmacat
    You poor thing, SL! I really hope some urgency has emerged in people's thinking!
    Retired August 2016
    • enthusiasticsaver
    • By enthusiasticsaver 2nd Dec 17, 4:23 PM
    • 4,826 Posts
    • 9,111 Thanks
    enthusiasticsaver
    Wow! Only five weeks to go until your early retirement enthusiasticsaver! What will you do with all that extra time?
    Originally posted by Suffolk lass
    3 weeks to go now SL

    I will have plenty to keep me busy thanks. DH retired last year and I am the last of our group of friends to take early retirement so we do lots of social stuff like lunches out, walks and theatre trips. DH and I belong to NT and the local country club and I love reading, walking, cycling, gardening and playing the piano. I am thinking of joining U3A and we have a 2 year old granddaughter we look after one day a week at least and a new grand baby due AprilMay.

    Lots of holidays too to look forward to. Are you still intending to retire early?
    Last edited by enthusiasticsaver; 02-12-2017 at 4:25 PM.
    2 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • enthusiasticsaver
    • By enthusiasticsaver 2nd Dec 17, 4:29 PM
    • 4,826 Posts
    • 9,111 Thanks
    enthusiasticsaver
    Goodness. No heating and it's freezing cold out there. I really feel for you. Bad news about the car repair bill too.

    Personally I would attack the mortgage.
    2 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Suffolk lass
    • By Suffolk lass 3rd Dec 17, 12:48 PM
    • 1,586 Posts
    • 18,080 Thanks
    Suffolk lass
    ohh sweetie i'm thinking warm thoughts for you. I would agree that there is urgency to the matter.
    sleep/live next to the aga & don't let DH near it to realise the impact?
    Originally posted by trix-a-belle
    I meant the company fixing it needed to realise the impact, rather than DH, although he can be vague and not persistent enough

    Darling Husband has been diligent in making sure that oil filled radiators are on in bathroom and sitting room and fire has been lit every evening when I get home at seven. I very obviously got the duster out yesterday and meaningfully wiped things that he said he would do last week but he is selectively deaf and blind so no hints were taken and the dining room floor still needs a good clear and vacuum. After nearly 28 years I should expect nothing else, I know
    MFiT T4 #2 update 42.67% after Q7 £5,465 behind where I should be
    Save £12k in 2017 #64 - £9,260.94 saved (84.19%) after October - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 78.56% including stores after October
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Suffolk lass
    • By Suffolk lass 3rd Dec 17, 1:06 PM
    • 1,586 Posts
    • 18,080 Thanks
    Suffolk lass
    3 weeks to go now SL

    I will have plenty to keep me busy thanks. DH retired last year and I am the last of our group of friends to take early retirement so we do lots of social stuff like lunches out, walks and theatre trips. DH and I belong to NT and the local country club and I love reading, walking, cycling, gardening and playing the piano. I am thinking of joining U3A and we have a 2 year old granddaughter we look after one day a week at least and a new grand baby due AprilMay.

    Lots of holidays too to look forward to. Are you still intending to retire early?
    Originally posted by enthusiasticsaver
    Oh wow, you are definitely retiring at the right time, aren't you!

    We love walking and socialising, although DH was muttly-ing (Sassafiassarassum) on Friday about the choice of venue for his department's Christmas dinner, the cost, and the time we got home (very GOM) but I put it down to it being Friday and him being tired. I'm hoping he picks up a bit when he stops work (5 and a bit terms to go for him).

    I am undecided when to finish. I am looking at my options at the moment and can go without my DB Pension being reduced after March but I could do a bit of consultancy, or I could stay on a bit longer. I have the 0% loan for the DG until November so the mean part of me doesn't want that liability when I stop working. I definitely don't want to work after DH stops and he definitely wants to stop at the end of the school year 2018-19 (he will be 60 and can also go without penalty after that).

    His form have GCSEs that year (2019) and he is staying a few months extra so that they have that continuity of emotional support that they have had throughout senior school with him as their form teacher. - Having inherited a class that had had many different teachers in his first role, this has been important to him ever since. They wrote things like "thanks for sticking with us to the end Sir, when everyone else gave up on us" and it's only then you realise the impact all the changes had on them. They thought it was something they were doing wrong. Bless.
    MFiT T4 #2 update 42.67% after Q7 £5,465 behind where I should be
    Save £12k in 2017 #64 - £9,260.94 saved (84.19%) after October - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 78.56% including stores after October
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Suffolk lass
    • By Suffolk lass 3rd Dec 17, 1:09 PM
    • 1,586 Posts
    • 18,080 Thanks
    Suffolk lass
    Right. I cocked up the fudge at the first attempt and had to reboil it

    Then I made six dozen mince pies.

    Now I've made shortbread.

    I might chance my arm by putting a pile of Christmas cards in front of DH to try and get ahead.

    Bought his gift yesterday - totally unexpected but we love it, and just £30! Added to the slogan T-shirt sitting in my drawer that is the first person sorted!
    MFiT T4 #2 update 42.67% after Q7 £5,465 behind where I should be
    Save £12k in 2017 #64 - £9,260.94 saved (84.19%) after October - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 78.56% including stores after October
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Karmacat
    • By Karmacat 4th Dec 17, 1:12 PM
    • 28,174 Posts
    • 155,213 Thanks
    Karmacat
    You're doing well!

    Retirement ... sigh ... I wish I'd been able to retire to have a ball, but even after 15 months, I'm really not there yet The chronic fatigue has lessened, this set of building works is coming to an end, as is the disposition of probate goods, so there's replastering my house, and selling my mum's house, and then things are probably ready to rumble A bit of Christmas cooking (mince pies! Good for you!) sounds wonderful!
    Retired August 2016
    • Suffolk lass
    • By Suffolk lass 10th Dec 17, 8:49 AM
    • 1,586 Posts
    • 18,080 Thanks
    Suffolk lass
    More on the retirement dilemma
    I actually rang our pension service contract company and asked the question that informs my retirement timing decision.

    I have a FS pension that is based on the best 12 months of my final three years. I did a spell of higher grade work for three months which means my best year started in Feb 16. My question is whether my index-linked accrued benefits will index link from my retirement date or from the end of that year.

    If it is the end of that year, does it get 2/12ths (i.e. Feb and March 17) or a whole year's uplift from April 17 (at just 1% or a fraction thereof) and again next April (18) when CPI is 3%.

    If it is retirement date I need to do the calculations for retiring before the end of March 18 as that 3% is (probably) too good to miss out on.
    MFiT T4 #2 update 42.67% after Q7 £5,465 behind where I should be
    Save £12k in 2017 #64 - £9,260.94 saved (84.19%) after October - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 78.56% including stores after October
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • enthusiasticsaver
    • By enthusiasticsaver 10th Dec 17, 12:35 PM
    • 4,826 Posts
    • 9,111 Thanks
    enthusiasticsaver
    I actually rang our pension service contract company and asked the question that informs my retirement timing decision.

    I have a FS pension that is based on the best 12 months of my final three years. I did a spell of higher grade work for three months which means my best year started in Feb 16. My question is whether my index-linked accrued benefits will index link from my retirement date or from the end of that year.

    If it is the end of that year, does it get 2/12ths (i.e. Feb and March 17) or a whole year's uplift from April 17 (at just 1% or a fraction thereof) and again next April (18) when CPI is 3%.

    If it is retirement date I need to do the calculations for retiring before the end of March 18 as that 3% is (probably) too good to miss out on.
    Originally posted by Suffolk lass
    That would definitely make a difference SL and one example of why people should be looking at their pension calculations in detail.

    My pension is a LGPS so a mix of FS/CARE but my highest salary and when a lot of my benefits accrued were when I was working full time pre 2008 to help put my girls through University. The reduction in my pension is fairly minimal even though I am going at age 57 which is 8 years earlier than my normal retirement age and it is because pre 2008 the pension is reduced less as they work on age 60 as the NRD rather than my current retirement age of 66. If my highest earning years were after that I think the reduction in pension by going so early would be hard to stomach.

    Do you have an online benefit projection tool through your pension provider? I played around with that for ages before deciding what to do.
    2 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Suffolk lass
    • By Suffolk lass 11th Dec 17, 8:49 AM
    • 1,586 Posts
    • 18,080 Thanks
    Suffolk lass
    Devastated!
    I had made Christmas cakes for several people and got them out to marzipan them last night. For space-saving reasons I had packed them in tins. They had all gone mouldy except the one I had wrapped in paper and foil.

    I now have to re-make 5 cakes before Friday, and ice two of them. Combined with working away for two days and one night.

    I think the two that need finishing will have fondant rather than traditional royal icing but I'm trying to make two today. What a terrible waste of beautiful ingredients.

    I have stored in tins before but not using the paper I used this year and I also fed them more with brandy last time so the air was exchanged more often. A really sad lesson to learn there.

    I will maybe try boiling fruit to speed up the soaking period but I will have to buy eggs, oranges and currants to be able to make them. As the title says - Devastated!
    MFiT T4 #2 update 42.67% after Q7 £5,465 behind where I should be
    Save £12k in 2017 #64 - £9,260.94 saved (84.19%) after October - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 78.56% including stores after October
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Karmacat
    • By Karmacat 11th Dec 17, 9:26 AM
    • 28,174 Posts
    • 155,213 Thanks
    Karmacat
    Oh that's horrible! You poor thing Ingredients, time, money, distress - it goes on

    I'm really surprised that paper, of all things, is part of what makes such a difference. Though I can understand the brandy - not only the air exchange, but the preservative power of alcohol. What a harsh lesson best of luck with replacing them.
    Retired August 2016
    • redofromstart
    • By redofromstart 11th Dec 17, 9:36 AM
    • 612 Posts
    • 3,472 Thanks
    redofromstart
    oh no - I'd be devastated too

    Hope you can manage to sort it. Have you thought about dundee cakes instead which would at least remove the need to ice them?

    (BTW I loved the mutley impression)
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