Learning to walk before I run

Suffolk_lass

That sounds positive, £500 is a great starter boost to your emergency fund. I Tilly tidy our current accounts into ours. It creeps back up after getting hammered every now and then. I also use it to save for things like house insurance, which would be approaching £150 a month (if averaged out, over the year) and is too much for any single month to fund. When the pot gets to £10k (no longer very often) I move a lump into PBs, but it is still available for emergencies (like when DH wrote off the car, when he fell asleep on the way home from work; Friday night teacher hazard). I hate cashing them in so have been known to use a 0% no fee balance transfer instead. It is reassuring through, with those cash based savings. 

Thinking about the recruit. Do they know they don't get it (yet)? I might have appeared like that as I learn by learning how it all fits together, so I understand the big picture - it takes a bit longer and I might appear to not get it, but then it all clicks and I can spot the origin of issues as well as what they are, if you see what I mean. Of course they could just not get it, but they will know if the spark you saw to recruit them is an indicator of potential. It's an overhead for you though, and head space and time (yours) might be more important than carrying them for a while. Are they on a probationary posting?

edinburgher

@killerpeaty - only a month

@Suffolk_lass - I can't be too specific as it's a fairly niche role. The bits that they don't get are the bits that have been clearly explained to them with examples and where they profess to understand what they have been told. I have told them to slow down, to check their own work for errors more and to ask questions. I believe all roles have a probationary period in my organisation, but we'll be keeping them as it's a fixed term post. My boss made some suggestions to try and get them to engage their critical faculties more, worth a shot

YNAB is a swine for Tilly tidies. Because every penny is accounted for as an expense, there isn't any "spare" money and moving it between pots achieves nothing. Additional earnings, interest, cashback etc. can be marked as new money "Ready to be assigned" but which account the money sits is in pretty meaningless, IYSWIM?

Suffolk_lass

I do SWYM. I think I like the motivation of adding mine to the instant saver and accounting for it in 3 places in different spreadsheets. I'm also trying not to sit on my phone so much so avoiding too many apps. Old school, but free too. Only just over 2% interest but better than a poke in the eye with a sharp stick, I suppose

edinburgher

£5 paid into LISA (£6.25 after bonus). My LISA is daft, it isn't set up to sell partial units, so you end up needing to pay in at least £5/month to cover the fees that are IRO £1. The amount left over can also be invested but it's small beer. It's all budgeted for, so that's something.

£6.03 withdrawn from Prolific (got there before my holiday).

I'm expecting very little access to the internet over the next week. I ordered a SIM card for a network that uses EE, but it didn't turn up in time. Feeling a little wary about that...

newgirly

Finally caught up with your diary Ed, it had been over a year 😦 where does the time go and how is your oldest DD 8?! I would have guessed three or four 😂 

Sorry to hear work has been stressful, not easy with a young family especially when often not getting enough sleep. 

Anyway all the best! 

savingholmes

Great to have boosted your EF by £500.

On inflation / interest etc. It feels like the bank is punishing us for global markets and conflicts. I don't get it.

edinburgher

OMG the islands are expensive! Back to reality +54% car insurance renewal from Direct Line only £18 worse than the open market

savingholmes

Ouch on the insurance. I imagine that feels extra hard right now.

edinburgher

I managed to knock £40 off by increasing the excess slightly but it is still dreadful

savingholmes

Well done on saving £40 - it all helps.