Hope is not an Effective Financial Strategy

shangaijimmy

What is clear people is that it needs some thought! The pension one is difficult as mentally she'll only be accessing that money in 30years, but on the other hand its 30yrs of growth...

Anyway onto 2 days happenings. Fantastic day as i had a rare complete Sunday off. SO we headed out on bikes for a bit this morning. Then i did the homely thing and gave the boys bedrooms and the landing carpet a wash, and it made me realise it'd been far too long. Our bedroom needs doing next, followed by living room. Followed that by a pre Sunday lunch 3 mile dog walk and then a post lunch snooze!

The evening has largely been spent playing in the garden, sorting a few piles of washing and then setting up my new pedometer (i want to compete with Mrs SJ's new fitbit). I must say its accurate other than walking on our laminate floor with trainers on (bare foot fine, trainers everywhere else fine)!

And lastly it was a NSD for all of us so an added bonus!

Tomorrow should see our TSB interest come in so another little payment to mortgage there!

shangaijimmy

Sorry forgot to add. I'll be starting with a target of 8000 steps. Lets see how that pans out!!

debtfreeoneday

Well done on the pedometer.. surprising I think to see how much or how little we walk on a daily basis!

I don't know what I would do with the £1k, apart from look at it as money I don't need or wasn't expecting, so probably if I wasn't paying off debt, I'd chuck some at savings and some at mortgage.

[Deleted User]

shangaijimmy wrote: »

What is clear people is that it needs some thought! The pension one is difficult as mentally she'll only be accessing that money in 30years, but on the other hand its 30yrs of growth...

Anyway onto 2 days happenings. Fantastic day as i had a rare complete Sunday off. SO we headed out on bikes for a bit this morning. Then i did the homely thing and gave the boys bedrooms and the landing carpet a wash, and it made me realise it'd been far too long. Our bedroom needs doing next, followed by living room. Followed that by a pre Sunday lunch 3 mile dog walk and then a post lunch snooze!

The evening has largely been spent playing in the garden, sorting a few piles of washing and then setting up my new pedometer (i want to compete with Mrs SJ's new fitbit). I must say its accurate other than walking on our laminate floor with trainers on (bare foot fine, trainers everywhere else fine)!

And lastly it was a NSD for all of us so an added bonus!

Tomorrow should see our TSB interest come in so another little payment to mortgage there!

To clarify, my normal retirement age is 67, 21 years away! Extra payments do not go to my main DB schemes but to a personal pension that can pay out as early as 55 via 25% TLS then draw down. Gives options for the future

Cheers

shangaijimmy

The more I think the more that pension seems sensible. Mortgage OP is in very good health at the minute, so spreading the money about for options is wise. And as Jeep says options at 55-60 will help planning for future. More thought though and I've no rush either.

No MFW news. I haven't had chance to log on to TSB accounts yet so that will do this evening. NSD so far and none expected either.

shangaijimmy

Very quick post. TSB not credited yet - boo! Pedometer reads 7568. It was a typical Monday of 11hrs in work and no dog walk.

debtfreeoneday

That's good for a fairly sedentary day of work!!

shangaijimmy

My sedentary work generally involves lots of phone calls, so whenever it rings i go 'mobile' and start patrolling! I even ended up at the shop yesterday without realising so got some 'team twix's' with the office milk money change! i also have a variety of 'thinking' implements ranging from cricket bats to tennis balls so i'm always up and out my chair. I'm fortunate in my work that we're a small team and its not a normal office environment. Though i do get a lot of 'will you sit down', or while your up 'make a brew'...

Day off with the kids today so planning be outside on bikes, and then scooters to the park. May involve ice creams!!

TSB accounts have been credited so i've transferred £9.13 to the mortgage account which accounts for today's daily interest and a quarter of tomorrows. The next one's to wait for now are Halifax rewards which my tesco accounts sweep them up on the 8th.

At some stage i need to look for pet insurance for our mini schnuazer Vinnie so ill keep you all posted on progress.

shangaijimmy

Good day with the boys today. Lazy morning just playing at home. Then off to the park for zip wires, fireman poles, scooters and general noisy charging around. Followed this with kids in the garden and I attacked the living room carpet with the cleaner. Both DS's ended up watching, fascinated bizarrely! So bonus brownie points when Mrs SJ came home!!

Money wise I opened 2 reg savers through our TSB current account. This will be for long term savings and replace our cash isa. At present this is just a mini fund that we pay £50 into. It's currently at £550 and its money we don't touch so the reg saver is the way forward for now.

Busy day has meant 12692 steps so far!

ourcornercottage

I was at my desk most of the day today and made it to 9500 steps.

Good idea on regular saver, that's what I'm doing. £100 per month to start to replenish my savings, next year I'll feed this years in too so will be £200 per month and so on and so forth til I get to the maximum. Then I'll have 2! I've just opened one for miniOCC too at 6%, why wouldn't you!

Great OPs you seem to be running away from me. Need to catch up!