Future Proofing my life: Deposit saving then MFW journey in under 13 years

LadyWithAPlan

debtfreewannabe321 said:

I wish I had a RL friend like you we all need someone who enjoys doing taxes! I would have paid with copious amounts of wine or tea, and cake or olives (or whatever your tipple and food preference was )

I have had a friend and a family member on phone as 5th Apr - one on how to add into the Van sipp that I bullied them into last year and the other self employed  on an isa (I already had bullied her on her sipp last year and she is now on track) 

I added a further £1k also before end tax year  to SIPP - took my hse deposit down by £500 - could do more especially as I add via my ltd company so its a huge tax advantage but its OK.. Not quite the 15%  but every little helps 


Still recovering from that crazy long weekend of work and just refiguring my plans...

Also the study needs a major declutter  ...

savingholmes

Well done on the SIPP including encouraging others.

I read on Sandy's diary you'd started the great study declutter... Hope it goes well and you don't get trapped in the recovering sunk costs trap.

LadyWithAPlan

savingholmes said:

Well done on the SIPP including encouraging others.

I read on Sandy's diary you'd started the great study declutter... Hope it goes well and you don't get trapped in the recovering sunk costs trap.

Ah the recovering sunk cost trap nightmare 
I have been so busy study has become a dumping ground - and I was looking at it with the new man over the weekend - and it’s slightly embarrassing (except I have been super busy ) 
I could make it a v useful space 
it’s quite dark apart from in the afternoon - which means it’s cooler in the summer as rest of my flat has huge windows 
there is the screwed to the wall desk plus a cupboard, studio lights, cases, creative stuff, sewing machine, printer , washing stuff , clothes to sell and yes the recovering sunk cost stuff 

Vinted and I need a date - I will endeavour to put on 2 things each  day 

£118.49 /£150 grocery  - feels v high as early in month but I have been eating freezer and cupboards down 
grocery spend Aldi £56.90 £1.30 were crisps  & £48.24 sains plus £9 wine 
the MWAP spent weekend with me and i  had to restock. He pays for most the dinners so I wanted to cook loads - he did do the washing up for the meals but  then insisted Monday on brunch out as he didn’t want the washing up ! 

I made that fabulous lamb lentil Regan Josh with crispy potatoes which we both loved 
We are at Disho@m again - their black dal and chicken tikka skewers were amazing as always 
We also had a Brazilian brunch - that fabulous traditional bean pork dish 

good news is he likes a variety of foods as I do - I always eat less healthy in restaurants as I cook so well and clean at home - so I can feel a few extra pounds I need to ensure get shifted before they stay on

i have been procrastinating this week as my to do list is immense again 
I am choosing to get back into the gym habit as well by starting today 

TallGirl

Sounds like a lovely weekend and good balance of home and eating out. Just get on Vinted once you get in the swing of things it will be easy and you wonder why you had not done it sooner. 

PennysIntoPounds

Entirely up to you obvs but you might find it a better use of time to have a day/evening dedicated to doing all your Vinted listings, as if you put a couple up every day and they sell, you'll have to constantly find time to post them on an ongoing basis.
You can also set different deal options on your profile so people get a small discount if they buy x amount of items, which may be worth it if you're putting a fair few things up as that's then definite sales and only one journey/packaging up to do for shifting two or a few items

Sensiblesaver

Just popping in to say hello. Your deposit savings are very impressive!! Good luck on your search and buying process, buying in London is so stressful. When we found our flat they had 28 viewings and it turned into a bidding war. We managed to get it at the end but had to pay way over the asking price.

You had feijoada for brunch? it is yummy 

savingholmes

Love that your relationship is going well. The food sounds amazing too.

LadyWithAPlan

This study looks interesting on the ISA V SIPP debate
https://www.thisismoney.co.uk/money/isainvesting/article-13233155/Isa-vs-pension-one-invest-in.html

Interactive Investor looked at the merits of a pension vs an Isa over 40 years and the pot that could be built up and income taken. .... A basic-rate taxpayer who paid into a pension over 40 years could end up with an annual income nearly £700 higher than if they saved into an Isa, according to Interactive Investor. A higher-rate taxpayer could end up with £6,000 more in annual income. 

@savingholmes tx - MWAP is lovely however he is taking up a lot of time I don’t have - I am
Organising some big side hustle stuff - so need to find a balance 

Sensiblesaver said:

Just popping in to say hello. Your deposit savings are very impressive!! Good luck on your search and buying process, buying in London is so stressful. When we found our flat they had 28 viewings and it turned into a bidding war. We managed to get it at the end but had to pay way over the asking price.

You had feijoada for brunch? it is yummy 

Yes the bean dish is amazing / I have a Brazilian neighbour and she cooks it plus these cassava cheese things - we are going to cook together so I can learn how to make them 

I am casually looking on RM but friends are saying to hold my horses as banks are trying not to lend at present / v hard to get the mortgage - 
a friend got a over 8.5%  quote on a commercial mortgage . 
deposit is good but I am behind in being paid so I may be drawing it down … got to have a stern conversation with one client who is not paying me as agreed - I may need a new client .. 

Had Greek on Friday night - and over weekend went to the London Palladium to see a great gig with a 14 piece band. Gorgeous to hear strings and some lovely tunes 

It’s a weird theatre as it’s historic, beautiful and  I go probably 3 times a year but I always end up sitting in the grand circle so up in the gods ! Luckily I am not scared of heights but the rake  angle is steep especially with heels 


Gym has slipped so off this morning / happy Sunday all 

dawnybabes

The very first concert I went to was Leo Sayer and I was in the gods - would have been about 10 ish, I remember sitting there with my back pushed against the seat not daring to move in case ‘I fell off’ - was years before I went to see a show/gig again ! 

savingholmes

I have sat in those kind of seats too. Scary. Sounds like you had fun though.

I sympathise on the time relationships take ...