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Escape to the country & living off savings

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Comments

  • Skint_yet_Again
    Skint_yet_Again Posts: 8,535 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Mortgage-free Glee!
    Savings pots now updated 

    DS wedding £1000

    Visit family. £192

    Annual bills £600 (£120 pm)

    Car fund      £800. (50pm)

    Xmas/bday £300 (£50 pm) 


    DIY pot (interest from 2yr bond mat feb 25) 

    £1446.18 being used as emergency fund


    Upcoming expenses Probate £300, House insurance (Dad’s) £470. I will pay on my credit card and should be able to get the money from dad’s bank account for Probate once the credit card bill arrives. I will claim house insurance as Executor expenses from his bank account once probate granted & replace the money in my diy pot. 

    0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
    House sale OCT 2022 = NOW MORTGAGE FREE 🤗
    House purchase completed FEB 2023 🥳🍾 Left work. 🤗

    Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).

    Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1

    Living off savings diary
    https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p1
  • SuzeQStan
    SuzeQStan Posts: 1,770 Forumite
    1,000 Posts Fourth Anniversary Homepage Hero Photogenic
    Morning SYA - glad you have those savings pots in place and a plan moving forward.  Hope you are ok have been worrying on you ❤️
    Lancashire
    PV 5.04kWp SW facing
    Solar Battery 6.5 kWh 
    🐙 Intelligent Go

    Mortgage freedom January 2024 - paid off 7 years early by making overpayments where we could.

  • doingitanyway
    doingitanyway Posts: 10,190 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Mortgage-free Glee!
    All sounding excellent!
    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

    Emergency fund 800/1000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • Tresinia511
    Tresinia511 Posts: 227 Forumite
    100 Posts Name Dropper
    Well done sya on being so organised.  Little cries are to be expected,  they catch you off guard sometimes.  It's so hard losing a loved one.  I especially empathise with you losing your dad as much as I loved my mum,  she was a good mum,  my dad was my world, I was so in tune with him and felt so bereft when he died.  But as your own dad said,  he had a good life,  lovely family, loved and was loved and in the end it does give comfort to know you shared all that time with each other up to the end x
  • doingitanyway
    doingitanyway Posts: 10,190 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Mortgage-free Glee!
    Well said @Tresinia511
    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

    Emergency fund 800/1000
    Buffer fund 0/100
    Debt Free (again) 25/072025
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