Moving forward and upwards

Skint_yet_Again

It’s great that you have plenty of time to decide how best to use the money. 🤗

longway2go

I feel a bit the same in regards to lots of maths going on atm (minus the inheritance aspect). I think that even though sometimes it can be a difficult decision to make as it's sometimes hard to know what to do for the best it's always better to have a plan than doing nothing.

Hope you are having a good day 

MovingForwards

Thanks Skinty and LW2G

It's thrown all my plans off as I had everything worked out. I'll be in a good position and I'm pleased I've a while to work everything out.

I keep flipping between using savings and keeping the inheritance, using savings and inheritance, using savings and some inheritance.

I like the idea of keeping £5k for a nice cruise in the future ie when we're 'between' cats. Keeping £10 for savings. £10k for changes / tweaks to the property to make it disabled friendly, if it isn't already. Maybe a couple of grand into a few fixed rate bonds for 1, 2, 3 and 5 years. The rest into PBs and SIPP.

It's so hard as it's only the last 5 years I've had money and I don't want to make the wrong choice.

Long-term my original plan was to get £100k cash saved, £100k pension saved, a roof over our heads, a little car and a few cats.

I've had a leaving voucher from my old place today, would have preferred my P45 as I have to call the tax man to see why they've given me a naff code for my new job. I'm still waiting to find out the transfer value of my DB.

My new company pension is R.L0nd0n; I transferred my old one into my SIPP as it didn't do well, but it's all free money. Maybe there's better options now than before. It's 8% between me and the company, I should get the info in the new year.

Had chilli and rice for tea, sweets for pudding.

MovingForwards

I'm working towards the year end push to get the mortgage down to £60k and need to find £428ish; I'll call my lender this week to get an exact figure.  To kick-start it off I've cashed in my bank points and have some cash earmarked, total £115.05p, which leaves £318ish to find over the next 23 days. 

I can't rely on survey points to buy food and use the equivalent from my wages as O/P as I don't know how much the 'holiday' will end up costing. The points may also be needed to buy food.

I'm hoping there will be some 'holiday' money leftover from the float, but I've worked it out I'll need 8 or 9 tanks of petrol by the end of January. 

I'll do final workings out when we're back as I do the O/Ps via fast3r paym3nt.

I popped to my local shop after work, picked up a load of reduced price tins, some reduced price spuds and milk. Spent under £7.

Submitted gas and electric readings, the bill is just under £85; not bad considering I'm using the CH a fair bit at the moment. If I time it right next month, I can do it so payment is due payday January.

Have to update my licence photo this weekend as it runs out this month, cost £21.50 at the PO.

TomBo's workmate has tested positive and he's had to do the LF, came up negative. It's adding a bit of stress due to when we go away. 

We had soup and toast for tea, sweets for pudding.

savingholmes

Good luck with finding the extra money to OP.

Hope Tombo stays clear. You don't need that hassle. 

I would love to know my energy bill - still not set up after original provider went bust. 

MovingForwards

Thanks SH

If you estimate it based on what you used to pay, in theory you shouldn't be too far off. There's also calculators which work out the bills for you, look online; assuming you know what your unit and standing charge rates are.

I had my new tax code through. It's lower as I didn't pay tax on my new wages last month. I've got to adjust my budgets again.

savingholmes

Ah well the tax man loaned you money last month - that's how you have to look at it. 

I've done an estimate based my last bill - proportioned to my new usage  - if I'm right I should be fine - there's just always that nervousness!

MovingForwards

I wish he would have took it last month as it works out to nearly a tank of petrol each payday until April! I need every penny until then.

That's ok, it's always worth keeping an eye on it. Unfortunately the transfers take ages when a company goes bust. People are always complaining about it on the energy board.

Skint_yet_Again

Gas and electric bill is pretty good taking into account the heating being on. I am adjusting the heating daily depending how cold it is. It’s meant to warm
up at the weekend! 

Hope Tombo stays clear & good luck with the o/p money

MovingForwards

Thanks Skinty

£32 for the electric and £50 for the gas, rounded up for ease, which isn't bad for the big6. We've had the dehumidifier on a lot too and seem to be having the washing machine on every other day because of me being in an office, instead of chill out clothes WAH.

I popped out for fresh air in my cardi earlier, think it was about 4° at that point, but I found a sun spot by my car to stand in. I'm out again now, but in my coat. 

TomBo is going to keep doing an LF every other day. If he remains clear, I'll only have to do them for the 'holiday', unless things change at my place.