Hope is not an Effective Financial Strategy

Suffolk_lass

I love that this update is a new page of your diary. I love that it was made at 09.00 (I live things neat and rounded off). However, I would have emptied a child's piggy bank or my parking meter purse, or tipped the sofa upside down to round up another £4.66 had I been you. Having said that, none of my figures are round at the moment.

I hope you enjoyed the party... footy tonight?

shangaijimmy

I did consider rounding up to £500 but once i start rounding, where does it end...I can't possibly get everything to a round figure!

Party was good. A few pints, and not enough to have a sore head! A bit if buffet, but not too much that I had to loosen my belt! Kids had a great time and we were home and in bed before midnight!

Had DS2 at football match this morning and am now drying off before heading out with pooch. I have a few hours of work this afternoon but home in time for 2nd dog walk before kick off. DS2 has his Liverpool kit on ready and DS1 has his Liverpool polo shirt. Pizza and beer at the ready.

debtfreeoneday

Awesome work SJ!!!

Busy_Mee1

Loving the monthly update SJ.

I think you are spot on in focussing your efforts towards the pension now. I know it isn't as satisfying as seeing the mortgage number going down, and retirement seems a long way off but your future self will thank you.

It honestly seems no time at all since we had children the same age as yours and retirement felt like years away...and suddenly blink and the kids are all grown up and we are getting ready to finish work and move into the next phase of our life.

Suffolk_lass

Good result for your household then! (Ours was last week and similarly celebrated, on my own as DH is away, but texting my cousin, who used to go to some of the matches with my Dad and me)

Karmacat

shangaijimmy wrote: »

DS2 has his Liverpool kit on ready and DS1 has his Liverpool polo shirt. Pizza and beer at the ready.

My eldest nephew was in Madrid with his mates lifelong Liverpool supporters all. No tickets, just the atmosphere

hiddenshadow

Great work for just over 50 months, SJ!


The retirement funding feels less of an accomplishment to me compared to wiping out debt, especially in months when the stock market goes haywire. Future You will thank you, though (and in months when the stock market cooperates it is a great feeling to see all the "free" money).

Jessy103

Great update SJ! Congrats!

shangaijimmy

Karmacat wrote: »

My eldest nephew was in Madrid with his mates lifelong Liverpool supporters all. No tickets, just the atmosphere

That's certainly a way of creating memories.

hiddenshadow wrote: »

Great work for just over 50 months, SJ!
The retirement funding feels less of an accomplishment to me compared to wiping out debt, especially in months when the stock market goes haywire. Future You will thank you, though (and in months when the stock market cooperates it is a great feeling to see all the "free" money).

It's always been the intention to nudge some focus towards pre-retirement, and it seems appropriate as we redo our budgetting at the start of a 5yr fix and Mrs SJ returning to full time salary. Our pensions are well covered as well, so this is about access to some money that will enable us to go part time and delay drawdown, or id the markets behave then we may be able to fully retire at 55 (ish).

Jessy103 wrote: »

Great update SJ! Congrats!

Thank you Jessy. This diary really helps to stay motivated when no-one else my world wants to consider overpaying mortgages or investing!

shangaijimmy

Suffolk_lass wrote: »

Good result for your household then! (Ours was last week and similarly celebrated, on my own as DH is away, but texting my cousin, who used to go to some of the matches with my Dad and me)

It was indeed a good household. DS2 insisted in going to bed in his kit, and then he swapped his duvet for his Liverpool blanket. On Sunday morning he was straight into he Liverpool away kit for the day, much to Grandad's annoyance as a Man Utd fan!