Only freedom will do

edinburgher

Finally!

Work have acknowledged the problems with my pension formally, in black and white (with lots of weasel words).

• £1300+ to be paid along with my regular contribution by the end of May
• A binding offer to pay any investment shortfall resulting

Assuming a shortfall of something like 5-6% over 3 years, FV function tells me that I'll be c. £5k better off by the time I want to draw my pension.

Getting closer to that Lamborghini! :j

misscousinitt

Wow...getting pensions sorted must be catching.

Well done you...£5k is alot of money.

MCI

Tilly_MFW_in_6_YRS

edinburgher wrote: »

Finally!

Work have acknowledged the problems with my pension formally, in black and white (with lots of weasel words).

• £1300+ to be paid along with my regular contribution by the end of May
• A binding offer to pay any investment shortfall resulting

Assuming a shortfall of something like 5-6% over 3 years, FV function tells me that I'll be c. £5k better off by the time I want to draw my pension.

Getting closer to that Lamborghini! :j

YAY - well done for sticking with it, as it sounded like a nightmare

Tilly x

in_need_of_direction

Well done for reading the pension bumph in the first place!

edinburgher

Cheers.

I've always had a pension, back in the days when I was DFW it was the only thing that was 'mine'. Not doing too badly for 31, I have a preserved £2,000/year from the Civil Service (extra payments made) and my current, stakeholder pension.

It gives me some peace of mind :coffee:

edinburgher

It's the best day of the week again :j

This has been a very productive week in terms of saving, thanks largely to pot shuffling, eBay and matched betting. Brain still buzzing with lots of month end ideas, spreadsheet fun will be had by all.

This week

Money saved: £184.39 + £571.87 = £756.26
Money invested: £150
Total: £906.26 (+£673.57)
Income: £906.26 * (4%/12) = £3.02/month (+£2.26)

Last week

Money saved: £92.47 + £140.22 = £232.69
Money invested: £0
Total: £232.69
Income: £232.69 * (4%/12) = £0.76/month

gallygirl

You're missing a % increase - monthly and then cumulative .

Great progress Mr & Mrs Ed :T.

Alchemilla

You are on fire Ed.☆★☆

edinburgher

gallygirl wrote: »

You're missing a % increase - monthly and then cumulative

Thanks for the suggestion GG - that's a measure that would probably be really good fun in strong savings weeks - but mebbe a little dull in routine weeks? For example, week 1-2 looks fab, but once the pot hits ££££, the difference will become smaller each week. Maybe I'm just trying to cherry pick my metrics too much

Sold another DVD last night, got the £40 asking price after some cheeky plonker tried to suggest £15 :rotfl:

Went running and got groceries yesterday evening, so considering a gentle plooter about the West end with Mrs E today. That's an actual part of Glasgow, not a euphemism :eek:

Watty1

love thread. Wished I'd stumbled on the idea 15 years ago. Mr Watty and I were wondering where all our spare cash over the years had actually gone. He did mutter I'd had a horse all that time - but - I cannot accept the responsibility alone:)