Learning to walk before I run

edinburgher

I am zonked - children being very demanding during the holidays 😬

Managed 2 hours of overtime today (4 so far this week) and @South_coast - finally got to £50 again on Y Live! 🎉 Parking Y Live and Connect for now, not enough time with overtime. Prolific is being kept on for occasional smaller surveys.

ISA topped up by £10 today after a couple of my dividend shares took a dive. Also used £5 of existing cash to buy additional shares offered to me via a rights issue. Figured I'd be best to take advantage of it as the value of my existing shares will fall. Anyway, it was a fiver, probably overthinking it 😅

South_coast

I'm on £49 myself - not quite sure how that happened! You just know that elusive last survey could take a couple of months though 🤣🤦‍♀️

Suffolk_lass

I am also zonked too, but that's because I was beekeeping before 06.00 this morning, in an attempt to beat the heat and wasps

edinburgher

@Suffolk_lass - I choose to interpret that comment re beating the wasps literally! 👊🏻

I have anticipated my £50 from Y Live and have paid it into my wee S&S dividend pot. Now a whisker off £500. Ever the calculator, I have worked out that each extra month of retirement before 58 will cost me roughly £2,200 (replace a month of generous DB pension), sobering! I suppose I could reduce that by about 40% to reflect the fact that I'll be facing a reduction of about that much from my DB scheme to go at 58! 🤔

rtandon27

WOW Ed - that's a hefty amount per month, but then again retirement at 58 is quite a lofty goal! I find your calculations & reasoning very thought provoking.

I'm currently trying to get my mortgage paid off before regular retirement age of 68 and it's costing me almost double my current monthly payment!  I do however have a very decent private pension in addition to a state pension, so am not actively setting aside anything in sipp or overpaying the private pension or for that matter worrying about providing for the future of my littlies!

Cheery_Daff

Will you need that amount per month, or could you allocate a more frugal amount for the years before 58? Offset by the excitement of retiring before 58 of course!

edinburgher

Lost 2 responses to you both, will try again later. Water has come through our kitchen ceiling, suspect drain/waste has leaked Plumber out looking at it now.

*Edit: leaking "T" joint, £85 fix. Damn, now I have to paint a bit of ceiling

Watty1

You might already know this (but i did not so mentioning here) use a stain blocking primer first or the damp mark shows through

edinburgher

Thanks Watty, was planning on doing that 👍🏻

KajiKita

Glad you got it fixed so quick! We had one (joint in a mains supply under the new shower tray) on a Friday evening and had to keep turning the water off all weekend before the plumber could come back out on Monday … 🙄🤷‍♀️

KK