regularsaver MFW journey - Achieving a dream.

Grogged

Great news about your new job.
I'm sure you'll rise to the challenge and once you're settled they'll be no stopping you!

regularsaver

coldcazzie said:

Wishing you all the good things in your new job!!

Thankyou!

regularsaver

Sistergold said:

Oh @regularsaver, congratulations on your new job! I am sure you will meet nice colleagues there! It’s really easy to fit in for the right money! Lol! 

Regards public transport and covid, well besides masking up you could try and avoid the very busy times by going a bit early etc? 

Thankyou! 

My first week has gone really well, so many nice people! I feel at ease already which is so nice! 

Yep thats exactly what I have been doing, starting and finishing just before main rush hour times. Also as you said masking up and using lots of anti bac gel lol! Hoping I stay safe!

regularsaver

Grogged said:

Great news about your new job.
I'm sure you'll rise to the challenge and once you're settled they'll be no stopping you!

Thanks!!!

regularsaver

Reporting in for August with my OP of £60.47. 

Every little helps I have to keep reminding myself. I think hopefully the amounts will pick up a little as of next month after a few smaller months so I am looking forward to that. 

Aside from already having done my first week in my new job, not sure how that flew by so quick! Nothing much to report really. Just keeping an eye on the pennies, still walking etc and just generally trying to keep out of the way of covid! I am so exciting arent I!

Hope everyone is well and thanks for the kind comments etc. 

Grogged

You're beating my August OP! 😆
It's amazing how fast even seemingly small OPs snowball into larger savings, so never underestimate them.
Glad to hear the new job is going well.

regularsaver

Grogged said:

You're beating my August OP! 😆
It's amazing how fast even seemingly small OPs snowball into larger savings, so never underestimate them.
Glad to hear the new job is going well.

Haha! 

Yeah you are completely right! And its why I have satisfied myself with being consistent, even if the amounts I pay are only small. Just trying to keep plugging away I guess. 

Thankyou!

LadyWithAPlan

Just read your journal and well done on the  consistent OPs.

On the savings v pension v OP mortgage debate, it obviously changes all the time, but there is a useful rule of 15% of your gross income going into your pension (so get a SIPP if you cant add more into your work pension) - Vanguard is low cost and very easy to understand as it only has their great funds.  If you are or become a HR tax payer then investing in your pension is even more useful as the tax advantages are huge of investing in your pension.


Then split whatever you have left over into OP and savings if you feel they need bulking up.  I am single and freelance so have a 6 months basic bills EF fund.

Or just set percentages % of excess eg 10% extra going additionally in to your pension, 30% to savings and 60% to OP..
I find deciding my percentages  takes a lot of the stress away. Then if I need to change them to save for something in particular then I am clear why, how long for etc.

regularsaver

LadyWithAPlan said:

Just read your journal and well done on the  consistent OPs.

On the savings v pension v OP mortgage debate, it obviously changes all the time, but there is a useful rule of 15% of your gross income going into your pension (so get a SIPP if you cant add more into your work pension) - Vanguard is low cost and very easy to understand as it only has their great funds.  If you are or become a HR tax payer then investing in your pension is even more useful as the tax advantages are huge of investing in your pension.


Then split whatever you have left over into OP and savings if you feel they need bulking up.  I am single and freelance so have a 6 months basic bills EF fund.

Or just set percentages % of excess eg 10% extra going additionally in to your pension, 30% to savings and 60% to OP..
I find deciding my percentages  takes a lot of the stress away. Then if I need to change them to save for something in particular then I am clear why, how long for etc.

I like this! Thankyou thats all useful and helpful information to mull over. To confirm would the 15% of gross income include the employers contribution or is that exclusive of that? Funnily enough I have been working out pension % this week as I am early adopting into my new companies pension and they put 3% in so I would need to do 12% to hit your rule, presuming it allows for employers % contribution.

Thankyou LadyWithAPlan

regularsaver

I have made Septembers OP a little earlier than normal for me. £99.92 for September so pleased with that. Hopefully that keeps me on track/a bit ahead of 2021's target. 

In other news I have nearly one 1 month in my new job and I am absolutely loving it. I am so pleased I made the move. I feel happier in myself, enjoying my work and I feel like I am learning again. I have also been enjoying the bus rides too although still concerned re: covid but taking all precautions. 

I am amazed in myself how nervous I was about the whole thing just 4 weeks ago to how I feel now. 

I will need to make some adjustments to my budget come this months payday too to take into account my new salary etc so strangely, or not, I am looking forward to this and being able to save more, OP more etc with any luck. 

Nothing much else to report aside from the above, its been very much eat, sleep, work, and a little exercise really for me. 

Hope you are all well and thanks for your comments, I read them all! I am still trying to make some time to get back into reading everyones threads too, bear with me, it will happen I promise.