It's time to start digging up those Squirrelled Nuts!!!!

Audaxer

Sea_Shell said:

Audaxer said:

Sea_Shell said:

22 in 22 is off!!!!   
(unless our newly purchased Premium Bonds come up trumps in November!!)

What does 22 in 22 mean?

To spend £22,000 during 2022!!!



So basically let the moths out of our wallets 🤣🤣🤣

Thanks Sea Shell. I think you should still go for it if you had plans for the extra spend, as I'm sure you'll still have more than enough to cover you until your DB and SPs kick in. 

enthusiasticsaver

Glad you had a good week away.  I haven't looked at our investments yet but expect they are down too. 

Sea_Shell

Audaxer said:

Sea_Shell said:

Audaxer said:

Sea_Shell said:

22 in 22 is off!!!!   
(unless our newly purchased Premium Bonds come up trumps in November!!)

What does 22 in 22 mean?

To spend £22,000 during 2022!!!



So basically let the moths out of our wallets 🤣🤣🤣

Thanks Sea Shell. I think you should still go for it if you had plans for the extra spend, as I'm sure you'll still have more than enough to cover you until your DB and SPs kick in. 

It wasn't so much a "plan" to spend as a dare/challenge to spend!!!   🤣

Loosely using the 4% "rule" and our current pot as "day one", then we should be able to spend c. £25,000 pa 😎

We would really have to consciously try and spend that much, it wouldn't happen naturally (unless something unexpected needed buying)

In the 12 months to date, we've spent £16,900, of which £2800 was the new boiler, £1000 for two new recliners and £600 for our new glasses, so without those 3 things we'd have only spent £12,500 (£1042 pm)

This is only 2% of our pot (and that only rises to 2.7% if you include those 3 items)

quirkydeptless

Ibrahim5 said:

The problem is you use your nuts to buy something hoping that you will get more nuts back when you come to sell it later but that's not guaranteed. So you never really know how many nuts you have apart from the nuts that you actually have.

..........

sheslookinhot

quirkydeptless said:

OIbrahim5 said:

The problem is you use your nuts to buy something hoping that you will get more nuts back when you come to sell it later but that's not guaranteed. So you never really know how many nuts you have apart from the nuts that you actually have.

..........

 

Audaxer

Sea_Shell said:

Audaxer said:

Sea_Shell said:

Audaxer said:

Sea_Shell said:

22 in 22 is off!!!!   
(unless our newly purchased Premium Bonds come up trumps in November!!)

What does 22 in 22 mean?

To spend £22,000 during 2022!!!



So basically let the moths out of our wallets 🤣🤣🤣

Thanks Sea Shell. I think you should still go for it if you had plans for the extra spend, as I'm sure you'll still have more than enough to cover you until your DB and SPs kick in. 

It wasn't so much a "plan" to spend as a dare/challenge to spend!!!   🤣

Loosely using the 4% "rule" and our current pot as "day one", then we should be able to spend c. £25,000 pa 😎

We would really have to consciously try and spend that much, it wouldn't happen naturally (unless something unexpected needed buying)

In the 12 months to date, we've spent £16,900, of which £2800 was the new boiler, £1000 for two new recliners and £600 for our new glasses, so without those 3 things we'd have only spent £12,500 (£1042 pm)

We always seem to have some unexpected spend needed. So far this year, we have averaged around £2k per month for normal spend. If you include one-off big spend items this year, we are roughly on an average of £3k per month. Thankfully that is still within our budget as we are keeping a lot in cash savings to more than cover us until my SP kicks in. 

Sea_Shell

Anyone got any good financial news?!?

It all seems a bit 💩 currently. ☹️

enthusiasticsaver

Investments are down for us but on the positive both our gas/electric and water direct debits are reducing as we so much in credit and an unexpected inheritance arrived in our bank this week. Not unexpected obviously in we knew it was coming but the amount was three times what we thought it would be. 

SouthCoastBoy

The price of UK Natural Gas Futures has come down today, https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188706

Sea_Shell

I've just started looking at our 2022 budget.

Allowing for a 100%* increase in fuel bills, and a 5% increase in Council Tax (both from April), it's going to look a bit like this, per month...

Bills (DD) - £400
All other spends (ex holidays/entertainment) - £630
Holidays/Ent - £350
Car Depreciation - £100

£1,480 per month - £17,760


Obviously a lot of that spending is discretionary, so it would depend on confidence, as we move into next year.

*ETA it's 100% not 50%, as I've budgeted for double. £65 to £130.