Learning to walk before I run

Cheery_Daff

Ooh, exciting builder news! Well done on the PB win - nowt for us this month sadly.

edinburgher

You're welcome @greent - fingers crossed for you!

A very spendy day for pets - £151.76 spent on Maine Coon's fancy branded cat food. In fairness that is enough wet food to see him to the end of August and nearly a year's supply of dry food (20kg). There didn't seem to be any point in not getting the lowest available price. I use Bitib@, who are very reliable for what we buy - 5% off if you spend more than £75, free delivery via DPD (who are one of the more reliable couriers) and a stamp for every £25 spent, which counts towards a money off voucher and works out as roughly another 5% off). Used the S@insbury's CC for a few Nect@r points to boot. There wasn't enough in the pet line of the budget, so home maintenance has taken an unexpected kicking to the sum of £50

BookWorm

Thanks for the reminder about the PB - after checking the app it turns out I won £50 (2x £25) - woot!  

edinburgher

Well done @BookWorm, a very successful month 👏

savingholmes

Hope your back improves soon.

Ouch to the home improvement bill but sounds money well spent.

Great news on the PB win.

edinburgher

Wee month end round up inspired by @South_coast, a bit more modest as we're paying off a 30 year mortgage and raising two weans 

Savings Rate - 31%

Nominal Net Worth - £715,711.76 (complicated, includes state and DB pensions)

Net Worth Change - +£1,972.51

Target - £958,401

Years to go (estimated on current SR) - 18.59

Percent FI - 74.87%

Bang on track for now, I'm 39 and want to stop at 58.

Cheery_Daff

Ooh, that's excellent progress! Well done!!

South_coast

Ed, your savings rate may be more modest, but you absolutely smashed my -£323 🤣!

I've never calculated my NW 🤔 Hmmm, if we're taking property value, pensions, investments and cash in hand....maybe £153k 😳? So you're smashing me on that one as well!!!

edinburgher

Like I say, @South_coast, it's complicated. Mrs E and I have something like 2/3 of our state pension rights, that's worth in the region of £350k alone. It's hard to value DB pensions, state pensions etc. and 20x is a figure that is often used. I prefer to use 25x, as that's roughly what it would cost me to replace them were I to use the Trinity study figures as a guide. It's quite possible they're worth even more as guaranteed income, perhaps 4% SWR is no longer a thing in a world of lower growth and persistent inflation?

If you just have vanilla circumstances of state pension, house, and a DC pot, of course you will be less wealthy on paper. DB pensions are a massive boon/vastly unfair for those who don't have them and are worth a fortune.

savingholmes

Well done on your net worth progress