Calling all money/personal finance nerds (self-confessed or otherwise)

System

Terry_Towelling wrote: »

To be honest, I don't really mind if there is a study anyway - but thanks for letting me know.

My wife has mental health issues in that she has fairly advanced dementia. She is way beyond being able to comprehend anything to do with money, so I am managing everything. It is taking a bit of a toll on my mental health in that I don't really have a life of my own any more BUT I have never done anything more worthwhile than care for her.

Ploughing all of our combined wealth into funding care is really not how I envisaged the ending of our time together but, if it has to be that way, then fine - I have little or no control over what is happening other than to try and limit any tax liabilities should we need to sell everything.

Hi Terry. I may have appeared rude in my earlier reply. It can be sometimes hard when people accuse a genuine interest post of being a journo thing and my actions questioned.

I appreciate dearly you taking the time to respond on my post and it seems that you are doing a wonderful job of making the best of your situation, managing your finances and looking after your dear wife. Thank you so much for sharing your story with me. May positive things come your way. x

Terry_Towelling

Sweetcake wrote: »

Hi Terry. I may have appeared rude in my earlier reply.

Don't worry, I didn't take it as rude.

Sweetcake wrote: »

It can be sometimes hard when people accuse a genuine interest post of being a journo thing and my actions questioned.

That's an interesting thing to say. Are you often accused of it?:)

Sweetcake wrote: »

May positive things come your way. x

That means lot to me - thank you. Nothing to do with finance but the things I now consider to be 'positive' wouldn't even register as worthy of consideration in most people's lives - as they never used to in mine. Things like putting on a sock or operating the bedclothes when attempting to get into bed. Small mercies, keep getting smaller and counting blessings is now counting fractions of a blessing and trying to make a whole one. Self pity? - maybe, but I find it helps me get through.

bostonerimus

My parents lived through the Depression and so passed on a thrifty way of doing things. Combine that with the notoriously "careful" way with money of a Yorkshireman and you have a strong combo. I think this really showed itself at university when I got my first real income which was a grant check. I supplemented it with summer jobs for both extra income and the NI contributions so I left university with money in the bank and a pretty good NI record.

I got a good maths education through sixth form and then went on to be a physicist so using maths to analyze problems comes naturally. I think a good understanding of statistics and probability has helped me manage my finances successfully.

Peelerfart

Never really considered myself a nerd but always hated waste of any kind.
Money saving came as a by product of that I suspect.

fiisch

About 12 months ago. Have been very fortunate to earn good money in my 20s, but spent a lot of it on boozy nights out and flash cars. Fortunately, I did have the sense to get on the property ladder at 25, but have also favoured the never-never and hefty car PCP payments. My attitude was pay for things monthly, and if money got a little tight, earn more.

Having a daughter changed my perspective, and realising I don't want to work into my 70s (currently 31). Started becoming very aware of our spends each month, tracking where salaries are going and looking to the future.

The dream is to find a suitable passive income whilst still in my 30s to make the gaps between contracts (I'm an IT contractor) longer and longer...!

Apodemus

I guess I really became a money nerd in the early eighties. At that time, when I got a utility bill, I would transfer the amount to my Building Society, wait until the final reminder and pay it with with my credit card, then on the last payment date for the card, take the total due to the card company out and pay it off in full. With the interest rates on offer at that time and a 90-day account, it was worth the effort. But since this was all before on-line accounts and easy card transfers, it probably was quite time consuming!

ruperts

Around the age of 26 I realised how poor I was going to be in the future if I didn't take things more seriously, and that's only seemed more urgent the older I've got. Before that I was reckless, not in the sense of getting into big debt, but spending every penny I could. I had a great time so don't really regret it at all to be honest, but I'm glad I didn't leave it much longer to change.