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2022 - Moving forward

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  • jwil
    jwil Posts: 21,983 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    jwil said:
    I've sold something on ebay today so that's a nice surprise.  Something I was contemplating reducing but hadn't got round to so even better.

    I was so glad I didn't have to travel with all that rain today, I don't like motorway driving in the rain.

    I'm contemplating putting in for compressed hours at work - so do my full time work over 4 days instead of 5.  I'm trying to think through the pros and cons.

    Pros -
    • a day off in the week - time to myself and also a clear house to be able to do housework/hobbies.
    • One day a week guaranteed with the kids when they are on school holidays
    • Still getting full pay and pension
    • I could probably do 2 days at home and 2 in the office, so no extra childcare needed.
    • Better work/home life balance.
    • If work agreed and I wanted to change back again if it didn't work out, they'd let me.

    Cons - 
    • 2 very long days in the office would be needed if I wanted to keep the two days at home from not being too long
    • Those 4 days would be tiring and busy, but I would have 4 days of busyness rather than 5.
    • I wouldn't build up as much flexi as it wouldn't be easy to do additional hours, but I'd have the extra day each week anyway.
    • Hassle if the kids were ill or I needed to collect them from school - though I could work from home and now have childcare help as well.

    Am I missing anything else?  I've spoken to DH and as usual he's just told me to do what I think is best 🙄.  There's no guarantee that work would agree, but I don't see any reason why not.  I worked compressed hours before, but it was just 4.5 days rather than 4.  I stopped as I didn't really gain from the half day. I prefer longer days rather than shorter days as I can get stuck into things.  It would be 2 days in the office rather than 1, but I think I'd need to do that to get the hours in and avoid getting distracted when the kids come home.

    I probably won't do anything for a while, I want to mull it over a bit.
    Ho Jwil , always a lurker on your diary but I do compressed hours so thought I would give you my perspective . I started off originally on 10 days in 9 , then 5 days in 4 . I work 7.30 until 5 with 30 min lunch. I found it hard at first , but now would never go back to 5 days a week. I don't have children though so can do the early start. The thought of only doing 4 days spurs me on every Monday morning. What day would you like to take off ? 
    I am going part time in June but still doing 2 9 hour days . Your pros and cons list is very good . 
    Thank you, that's really useful.  I can do the early starts as I always do an hour or so before school.  One benefit of working from home!  My day off will probably have to be Monday, Thursday or Friday, so probably Friday I think.  Part time is my dream, but not yet.

    If you are considering compressed hours - while it is tempting to pick a Monday or Friday as a day off - you may benefit more from a mid week day off. 

    I've sent you a PM Jwil about autistic traits in girls - which are different to those of boys. I found it really helpful.
    Ideally I'd like a Wednesday but can't do Tues or Wed for work reasons so it would have to be one of the others.  I'm happy to be led by work, but am leaning towards Friday.  I think it would annoy me having Thursday and then having to go back for one day.

    peb said:
    Joining in on the compressed hours, I did 7.15 to 5, I'm an early riser so it worked.  However I really was shattered by Friday and it meant Friday night was a right off.  I had a relatively easy drive in but using the park and ride meant less buses so traffic was bad it was easy to be late.  I went home in rush hour traffic.  I preferred this so I could swim on the way home which I'd have struggled with if I finished later.  I did it so as to look after my mum one day a week and give my dad a day off so my none working day was tiring which didn't help.  
    Thank you.  I'm an early bird too, so would lean towards an earlier start.  I worry about being tired so it being a write off, but really, I don't think the hours would be an awful lot different to what I'm doing now, I'd just have the benefit of a day off to recover.  Of course if you were providing care, you weren't getting any time off, as it's definitely hard work.
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Good luck whatever you decided. Nice to have the option. 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
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