Get a grip !

[Deleted User]

Skint_yet_Again
I dip into your thread from time to time and I am always impressed by your personal organisation, hard work and financial management.
Reading about your current plans to buy a house I wonder if you have considered buying yourself a very nice garden flat instead. I say that because it may enable you to have money left over that could finance an earlier retirement, so you can rest and recover. Just a thought.
If you were to retire say in a year’s time what income could you expect? Is it doable until SP kicks in? I do not know your current age so not sure how long the gap is to your SP date.
Best wishes whatever you decide to do.

Skint_yet_Again

Thanks @[Deleted User]

Unfortunately there are no nice garden flats on the market here although I have been looking for months. I have lived in a flat where I owned part of the freehold and just would not want neighbours above or below me & do not want to pay someone else ground rent and extortionate insurance and service charges. 

Unfortunately I cannot afford to retire yet. I plan to Retire at 60 with savings by then of £36000
Pension Lump sum £13606 &
pension £377.91 per month. 

Total £49606/7 years = £7086pa plus pension £4534.92 = £11620pa

Then Age 67 = 7 years later = further company pension £2262 & state pension £9371

[Deleted User]

Many thanks for your detailed response. Best wishes.

Skint_yet_Again

The last direct debit has come out of my account for this month so I have moved money into savings. 

This month I have moved £50 to Christmas/ birthdays, £15 to dog food, £55 to isa for house moving, £250 to long term savings & £100 to annual bills/ household account. Balance remaining £45 plus still waiting for £10 from DS for increased gas/ electric. This will cover food & £10 petrol to last to the end of the month. £50 was standing order earlier in the month to 3% account. 

Total savings £10833.16
Dog food fund £45
xmas / birthdays £200
household bills £107
car £590.58

Very grey this morning and rain is forecast. I will walk the dog later. 

MovingForwards

Another good savings month.
Hope the weather picks up later.

MoneyWorry

That’s a really good month of saving. 

Skint_yet_Again

I have had an offer accepted on a house 🥳🤗 £251,055. This will be a cash purchase from the sale of my house to DS & his gf. 

I have been to estate agents & they have completed ID checks with my original birth certificate and paper driving licence & council tax bill. I will have to get a photo driving licence when I move. I have spoken to my solicitor & managed to find some original documents from 2010 that he needs from my mortgage company. I am so glad I keep nearly all documents as you never know when you will need them. 

Put £10 petrol in the car. 171.9 p/l 😳 Took my friend for cup of tea & cake £4.65

I have cancelled all the viewings for tomorrow and I will pop these documents into the solicitor on Monday. I am so relieved I nearly cried tears of joy 🥹 

MovingForwards

🎉🍾🎉🍾🎉🍾🎉🍾🎉🍾🎉

🍾 Congratulations 🍾 that's absolutely fantastic! Cry and let it out 💐

Yikes to the petrol, hope you're getting loyalty points!

[Deleted User]

Fantastic news! Well done!

Does that purchase price give you a bit of a financial cushion? No more mortgage!!

southern_chick

Just wanted to come out of lurkdom to say congratulations on having your offer accepted. So pleased for you and really looking forward to hearing the rest of your journey in your new home xx