Courgette's 'Frugality gives us options' diary

bugslet

There you go

http://www.telegraph.co.uk/finance/personalfinance/pensions/12000288/We-earn-190k-a-year.-Do-we-need-to-sell-our-flat-to-afford-private-school-fees.html

Goldiegirl

Welcome back Courgette


I've never come across Frugalwoods, but I don't really read blogs. I did try to get into Mr Money Mustache, but found him fairly annoying, I had to give him up. I think I get most of my inspiration from MFW diaries

edinburgher

Love it!

With little to no savings, and the unwillingness to sell the flat, the couple have no other choice but to save from their income.

Still, by the time we've finished renovating the house, my debt on unsecured credit cards will be higher than theirs :eek:

edinburgher

Also find MMM a bit of an acquired taste, all that talk of punching people in the face... Unfortunately for blog readers, that style of blog seems to be the way the wind is blowing.

Courgette

I know what you mean about the preachiness of Frugalwoods and they also have a bit of the smug marrieds but I think I'd probably get on with them pretty well in real life and I do genuinely love the sentiment of 'frugality gives us options'. I find with all blogs I get really into them for a bit then it tails off and I attach myself to another one. Frugalwoods did write a long post about their good fortune in life with their parents/education/health etc etc which I though was at least pretty self-aware.

Erm, sorry to be so thick, but if you don't save money from income, where do savings come from?

Secret_Saving_Squirrel

Yes, I can't see where else.... From BTL or inheritances? Easy enough to save from that sort of income.

I like Frugalwoods but I know what you mean about them being annoyingly smug at times, which I know is a bit unfair, after all it is not their fault that they are young and idealistic!

spendinglikemad

Courgette wrote: »

a safe, warm environment for my children; the knowledge that when I put them to bed they will wake up safe and sound; a wide choice of local, reasonably priced food shops; local schools; health care; our health; a strong happy marriage even if he does do this really annoying nose noise sometimes; a well-stocked local library; clean air etc etc. My heart breaks when I think of some of the awful stuff happening in the world.

Hi Courgette - your post made me smile - I can totally associate with it - especially on the marriage side and the annoying noises your partner makes!!! (mine does too - and I would guess my hubby may say the same about me!!!!

As for my lotto win if it ever happened it would be 1st class flights somewhere nice and warm straight away, school wise I wouldn't change anything - one is at a great comp and the other a fully funded independent school scholarship (her choice she earned it) though it would be lovely to think that uni fees would not be a worry in the future and it would be great to be in a position to help out the next generation

Plus I would have a gym and a personal trainer!!!

SLM

sarahevie1

If I won the lottery I'd have another baby, but employ a nanny to help out.

I'd want to keep my job as I really enjoy it and I've met some lovely new people and it has opened up a new social life for me.

Not really fussed about moving house, area (don't know where I'd go). Would definitely privately educate though, I would if I inherited enough to pay for it, wouldn't have to be a huge lottery win I worked out I'd need around £100,000. (never going to happen.)

PrincessLou

bugslet wrote: »

There you go

http://www.telegraph.co.uk/finance/personalfinance/pensions/12000288/We-earn-190k-a-year.-Do-we-need-to-sell-our-flat-to-afford-private-school-fees.html

Is it just me who thinks it's crazy that with that level of income and expensive lifestyle to maintain that 'they only have a few hundred pounds in cash savings'. :eek::eek::eek::eek::eek:

edinburgher

As someone who was privately educated, I think that the benefits are easily overstated. If I won the lottery, we'd be rich enough that nobody would care how uncouth we were :rotfl:

If you're sending your kids to a fee paying school for the connections, it's already too late as you didn't have the connections before they joined the school If you think that the education will be better, it may be, but it's probably not worth the expense as it's unlikely that it will transfer into improved career prospects for your kiddies. That is probably most affected by *your* attitude, and you don't need money to instill a good one of those. Equally, if you're rich but clueless, there's a good chance that your kids will also be clueless.

All of the most materially successful individuals I know went to free school.