Prosperous soul embraces creativity & mortgage neutrality

skint_spice

Enjoy your break.

girlatplay

Enjoy your time away.  I love a P Inn

jwil

Have a lovely break!

elantan

Have fun while your away 

leftatthetrafficlights

Have a great time! 😁

MovingForwards

Enjoy your holiday and don't overdo it before you go.

Moralpanic

Have a lovely time. 

savingholmes

Thanks Lucielle, MF, Skint, Left, El, Jwil and GAP

I've consciously rested today on the basis that my time away will be quite full on. Only exception being unpacked and packed the dishwasher, did some washing and hung it out to dry and nipped to the shop. I've looked at the paint work in my bedroom - and reckon I just need to finish the ensuite woodwork and then I can class it as done. (I have left the walls in the ensuite as is - as they are blue).

I watched an FI documentary that I'd wanted to watch for a while. It was interesting but didn't really teach me anything new. Also watched some of the H Penny vlogs. I've calculated my savings rate and it's higher than expected.

In my savings rate I'm counting

1. My workplace pension (my contribution only)
2. What comes off my mortgage principal
3. Regular savers 
4. AVCs once set up / other pension

I've deducted tax and NI from my available funds figure. South Coast gives a monthly score - which is really inspiring. If I've worked it out correctly - my savings rate was the equivalent of 42% (pre pay rise, P1p and DD contribution) and with my new income - I'm trying to increase my savings rate to over 50%. It helps a lot that the latter 2 new income elements are tax free.

There is fat in my budget - particularly around food and eating out and hobby spends. Still trying to find the right balance between spend on current self and future self. I'm really grateful though to have the £ to take myself to the beach. This time last year - my current level of income and savings rate was a pipe dream. I keep playing with different calculators to see how much I'd have to over-pay mortgage / invest in my pension to be FI. The answer is still 'too much' but it's getting better. 

Blackcats

Your savings rate is great and very motivating for you.  Well done
enjoy your break - refresh and re-charge! 

elantan

how is it your working out the savings rate ? 

I am like you in that if I know I have something coming up that is going to ise a lot of energy I take it easy before so that I have the energy for what I need, so days out with skinty I tend to do little the day before, if I'm at work then its work really only I rest at home dont do the dishes etc, so that when were away having fun I can enjoy myself and not be exhausted, I then take it easy the day after as well and have noticed my energy levels are more stable now, just need to build them up I think