Getting FIREd up 😀

South_coast

In other news, I have been very taken with this idea recently, and every time I do something around the house find myself thinking "Because I love Monday guy" 🥰: https://www.raptitude.com/2026/06/do-things-youll-love-yourself-for

South_coast

I have just written my retirement date in caps across the top of the doc where I do all my planning 😀

beanielou

https://forums.moneysavingexpert.com/discussion/comment/82066583#Comment_82066583

Love this.

SuperSecretSquirrel

When is it SC, and how did you decide on it?

It's something I've been giving a lot of thought to recently.

Straight line extrapolation of the current budget and savings/investments is all well and good, but I keep stumbling over the great unknown of how much might be needed to help guide our children into adulthood (university, housing, etc).

As usual, decided to put fingers in ears and kick the ball into the long grass as a "problem for another time". Makes all my "planning" a little farcical really!

greenbee

I'm currently trying to work out when I can retire too. My preference would be now, but I don't think that's going to work out!

South_coast

https://forums.moneysavingexpert.com/discussion/comment/82066658#Comment_82066658

It's basically based on when I will have collected enough NI for a full state pension and the last day of the holiday year (obvs dependent on staying in the same job!) If I've not accumulated enough by then, I'll either scale back my expectations or pick up some part-time work, I'm not carrying on full-time after that, life's too short.

My planning is obviously easier because I'm one person with no children, but I think if I did I'd be budgeting for them to have x-amount for whatever they deemed necessary rather than wait and see. Otherwise you could end up with a) one needing more than another, and how do you then deal with that; or b) the money required expanding to fill a vacuum (Murphy's Law 🤔?)

Spring 2035 it is!

South_coast

Parkinson's Law, says Google

edinburgher

We're targeting the inflation-adjusted suggested parental contribution for a 4-year degree from the MSE guide. After that? Wedding gift and they're on their own, will make gifts to any grandchildren as they come along 🙂 They'll also get to stay at home if they want to during further/higher education and advice on how to parlay p-t job and a LISA or equivalent to get on the housing ladder.

We're just two people with reasonably well paid jobs, can't featherbed them forever.

South_coast

The LISA transfer has finally completed. That one felt like it took AGES! 16 days' worth of interest squandered (which at the new rate is £62.24 😬)

edinburgher

That took a while 😅 Thanks for the reminder to pay some cash into my LISA to pay fees. I might only have invested a wee cheeky £25, but they still want my fees!