Live on £4000 for a year - Part 2

Janey51

Hi bails .You are having an exciting time of it aren't you :T

Nyk thanks for the link to the faery website. I love Faery type art but its a bit expensive for a frugal fairy

Have had visitors all day who I went to pick up as the one who drives has broken his arm. When I took them home, I was given loads of plants from their greenhouse and garden so I will have a busy time getting them all put in after the weekend (working all day Sat and Sun). I have now got a fantastic herb collection and loads of tomato plants.
Still haven't got my potatoes in :eek:

Did anyone have the tremendous thunderstorm we had last night? It was a real bad one so we just switched everything electrical off and watched the free show

I made a big pan of chilli from a new recipe but it was really hot so I decided to use coconut milk to cool it down. Slight problem...no coconut milk. So DH suggested soaking dessicated coconut in hot water and then using the liquid when it had cooled. Found some coconut...expiry date July 2007 ..and it worked a treat :j

So far this week I have spent £42 not counting DDs and SOs which I will update next week.

skintwellie

Hi all,
Thank you nyk, I have earthed up potatoes, but they are in my old dustbin so I think I should have potatoes. They have flowered so am going to 'dig 'em' next weekend. Well that's the plan anyway, didn't get paid today :mad: so a definite NSD for me! Might have to eat the potatoes before next weekend as cupboard looking very very bare:eek: Made French Toast and cauliflower, lentil and Cumin soup for supper.

looby-loo_2

Gardeners World is on now, BBC2 - might have veg tips

mumzyof2

Oh i need to watch eastenders lol

Marru

Hi All,

Have had quite a day. Overslept this morning and got DD late to school. Did my every two monthly stock up by running through Mr T in an hour (very proud of that). Got all the stuff we normally use but still no meal plan. However what I did get was ingredients for some HM pizzas so I shall mass produce these for the freezer and then use as my lunch. Will let you know how they turn up.

After rushing DD from school to nursery I just managed to put my shopping away before my brother turned up with his family. Everybody liked the food and especially the HM bread was popular. They left just before I went to pick DD up from nursery. Now DD has been put to bed and I am exhausted but I still need to clean my rats this evening as there is no putting it off any longer, it is already 2 days overdue.

My SIL was ever so nice, she brought me a 3 litre bottle of dry strong cider and a chocolate cake. Shame that after my big shop my fridge is so full that the cider won't fit in there. I might go and see if I can squeeze it in. Anyway I think that the left over salad is enough for my supper tonight as all this rushing around and entertaining has given me a one heck of a headache.

I subscribed to one movie rental thingy via Quidco (just for the trial period) I got 12.- cash back and I have now 3 films that I can watch for free. I might get another 3 before I cancel my contract. Oh - might get free cinema tickets as well. Will see if I can then flog them off in eBid or eBay.

I calculated how much I would have after 26 years if I filled my ISA every year. I assumed that the allowance would be £3,600 every year, the money would be in full in ISA in the beginning of the period and used a careful estimated interest of 6% APR and the result is that I would have £225.740.- after 26 years. This means that if I lived 15 years after that I would have £21k to spend every year! :T So here is a motivation for me to earn extra £10.- per day and that is where my bingo winnings are going. Someone please check that I have calculated it correctly.

Need to go and sit down for awhile before tackling my poo cleaning duty. Wishing everybody a great frugal weekend. I am all stocked up now except wood chippings that I need to get tomorrow.

Marru

PS Bails - I can't wait to find out about your surpirse!!! Whatever it is you so deserve it!

sophiesmum_2

Evening frunchkins.:D

Today has not been a frugal day for me:o
Firstly , DD's pony was feeling a bit poorly, we had to get the vet out as he had been rubbing his face on the stable door/paddock fence etc and had started to rub his hair off. Apparently it is an itchy allergy caused by an insect bite, so poor Nigel now has steroid cream, and lotion to sort him out. We shared a vet vsit with another owner so that cut the call out fee down to £20 each but the creams were another £60:o . He has full insurance but £80 is not worth claiming as it has a £50 excess anyway. :rolleyes: As long as he is not in pain that is all that matters really.Also bought him a fly sheet which was another £40 so not a cheap day for frugal pony today.:eek:

Then the gearbox on my automatic car decided to stick in Park which meant that the car was unusable:rolleyes: . Luckily OH found an add in local paper for a mobile mechanic who came to the house and fixed it within 15 minutes and only charged me £25:D so I was well chuffed with that, and have kept his number for future use.

So unavoidable spends for me today of £145:eek:

I will update my totals at the weekend once I have finished my stockpile shopping and added everything up. I got £74 paid in the bank yesterday from quidco for my interest beater challenge which I have yet to add so it is not all bad news on the financial front;)

Cooked tea for my oldies again tonight and will be going to costco tomorrow sometime to pick up a huge joint of aberdeen angus beef for them for Sunday tea. At least i won't have to buy much meat for my stockpile challenge as we eat twce a week with the oldies and it is usually some type of roast etc:D
It also keeps me going with stock and left over veggies for soups.

Missed the start of Big Brother yesterday but OH recorded it so will have a nosey later:o

Catch up with you all later.

whitewing

Marru wrote: »

I calculated how much I would have after 26 years if I filled my ISA every year. I assumed that the allowance would be £3,600 every year, the money would be in full in ISA in the beginning of the period and used a careful estimated interest of 6% APR and the result is that I would have £225.740.- after 26 years. This means that if I lived 15 years after that I would have £21k to spend every year! :T So here is a motivation for me to earn extra £10.- per day and that is where my bingo winnings are going. Someone please check that I have calculated it correctly.

Can't check your figures as I am rubbish. However, you have made me decide that it would be a very good idea for MIL to sort out an ISA asap so will need to check out the Savings section. Will do that tomorrow maybe.

whitewing

Marru,

Did you use Martin's calculator on the Isa bit of the main site?

How much do you need to save? £
How much do you already have? £
How much can you save a month? £
What’s the interest rate? %

How much do you need to save? £
How much do you already have? £
What’s the interest rate? %
When do you need it by? years and months time.

How much do you already have? £
How much can you save a month? £
What’s the interest rate? %
How far ahead do you want to look? years and months time.

After saving £300 a month for 26 years and 0 months,
you will have £219,822.66 in savings.

Marru

Cool - I wasn't that far away then as I assumed that the whole amount was available to put into ISA in the beginning of the tax year (just to make the calculation easier). Thanks for that.

Frugaldom

Marru wrote: »

I calculated how much I would have after 26 years if I filled my ISA every year. I assumed that the allowance would be £3,600 every year, the money would be in full in ISA in the beginning of the period and used a careful estimated interest of 6% APR and the result is that I would have £225.740.- after 26 years. This means that if I lived 15 years after that I would have £21k to spend every year! :T So here is a motivation for me to earn extra £10.- per day and that is where my bingo winnings are going. Someone please check that I have calculated it correctly.
Marru

I can't quite follow your figures as I came up with the following when I ran the figures through a different calculator:

26 years saving £3600 per year at 6% = £224,421.56

Don't forget inflation. With an average rate of inflation of 3%, money will be worth less than half what it is now or prices will be more than double what they are now, whichever way you want to look at it. In real terms, that means your savings will be worth £104,063.10

Your annual income off the capital would be £13,841.83 which would be like living on about £6400 now. I couldn't do it if I was having to pay rent, council tax and water. This is something I think about quite often and my biggest worry is ... what if private rent is like £2000 per month by then?????:eek:

Edited in: Do you think the state pension will still be available? Think I'll go see if the pension forecast programme is back up and running on the HMRC website.

More edited in: I just checked DWP and HMRC websites, can't do a forecast yet but discovered that the pension age for men and women is going up to 68! I've checked on their calculator and I'll be of pension age at 66, as it's being phased in. That means I have only 22 and a tiny bit years left to save up enough to buy a house, pay it in full, save for a pension and incorporate all the major expenses that I'll have between now and then... Buying a lottery ticket every week isn't looking so bad afterall!

Even more edited in: I forgot to say that I spent some money today - £1.87 for milk & reduced loaf (MILK HAS GONE UP AGAIN!) and £14.97 on gifts. I couldn't resist it! All PAYG Tesco Mobile phones under £50 come with a free £10 worth of credit AND FREE DELIVERY and I spotted one for £14.97! Plus I got 14 points and went through a cashback site.

Really MUST go to bed now but being in the garden until after 10pm kind of threw my times out a bit. :rotfl: