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50 something man seeking to save to retire before 60! - Page 22

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50 something man seeking to save to retire before 60!

edited 30 November -1 at 12:00AM in Over 50s Money Saving
319 replies 69.3K views
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  • bugslettbugslett Users Awaiting Email Confirmation
    416 posts
    I'm sorry to hear about your sibling, it certainly does make you realise that you have to enjoy life when you can. I second you on wills and POAs, absolutely vital.

    Enjoying the simple things is always the way to go. I take enormous pleasure from the bird feeders and 'plate' with dried worms in it, though I attract nothing more exciting than sparrows and blackbirds. Oh and of course, the obligatory cheeky robin.
    Yes I'm bugslet, I lost my original log in details and old e-mail address.
  • bugslettbugslett Users Awaiting Email Confirmation
    416 posts
    crv1963 wrote: »
    Hi



    Youngest passed his driving test, new driver insurance for a 06 plate Clio 1.5 diesel is costing him £140 pm! My first car cost me £180 for a year!

    I'm nearly 55, been driving since I was 18. I have always been on fleet. I have a Vauxhall Combo, aka the dog van with a 100,000 miles on it. As I am soon to be retired I have to move off fleet and onto personal insurance.

    £1078.00:eek:

    My colleague, one year older and with an equally second hand van, £550.00.

    Apparently having a van, even though it's just for dogs and not commercial makes it expensive, being retired makes it expensive and I live in a 'bad' area.:(

    So I need a car, a job and a new address:D
    Yes I'm bugslet, I lost my original log in details and old e-mail address.
  • crv1963crv1963 Forumite
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    My insurance- 65 plate Ford Ecosport 1.5 diesel= £690 pa but that does include business insurance so I can if needed (rarely) transport a patient, and (frequent/ several times per day) travel between addresses to visit patients.

    Mrs CRV car insurance- 65 plate Honda CRV 2.0 petrol= £245 pa but from new it still has less than 4500miles on it, I can do that amount in a month, but not at her 24mpg!

    Vans are higher risk, I had a Fiesta van and my insurance costs doubled at the time, I was told it is because they are more likely to be broken into by thieves speculating about finding tools/ valuables in them. Makes a camper van sound a cheaper option for you.

    Also they'll start you as having no claims bonus coming from business insurance, a reason why I was advised if I want a lease car through work keep a cheap banger insured to keep my personal NCB, thereby ending up costing me more than I'd save!
    CRV1963- Light bulb moment Sept 15- Planning the great escape- aka retirement!
  • bugslettbugslett Users Awaiting Email Confirmation
    416 posts
    I'm thinking of getting an estate car for that reason crv. Also not having another driver on the policy makes it more expensive, so not only do I need a new vehicle, a new address and a new occupation, I need another significant other.

    I need a completely different life:rotfl:
    Yes I'm bugslet, I lost my original log in details and old e-mail address.
  • crv1963crv1963 Forumite
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    Lol, estate cars are great, I had a Passat Estate, brilliant to use and lovely to drive.

    New address, not so hard if you break your own rule about not changing much in the first stages of retirement, new occupation- how about passing world observer? New significant other, might make cost savings on the insurance but raise other costs!! Try adding a friend who won't drive it anyway, doesn't matter if you don't share an address, when we first got back together I lived in the SE, Mrs CRV in the NE, when she put me on her insurance it had a big drop in cost!
    CRV1963- Light bulb moment Sept 15- Planning the great escape- aka retirement!
  • Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
  • bugslettbugslett Users Awaiting Email Confirmation
    416 posts
    Good thinking, I might put my friend on it.
    Yes I'm bugslet, I lost my original log in details and old e-mail address.
  • crv1963crv1963 Forumite
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    Hi just a brief update-

    Spending- Well my shed money went west, lol as I expected it to, with multiple trips to my siblings house, buying a new suit, supplementing sons fuel costs and eating out on the go then costs at the funeral wake. I know where I live is relatively inexpensive but cost for two double gins and pint £30!

    Cat needed to go to the vet for routine blood tests, and medication, has to go back Monday. Diabetic dog due end of the month!

    Saving- Back to starting again for my shed money! Going to seriously knuckle down over the summer, get my shed money back together for the autumn. Have stayed on target for pensions savings though.

    Sorting- Wills signed, original with Solicitor, copies filed at home, Executor told where they are.

    Been helping sort siblings garden pots, nothing else dispersed, I will at some point have to help pack the home up, but not where it all goes. I have suggested do it a room at a time but I'm not the one taking the lead so will just go with the flow!

    Been busy with the garden, dug a new border, general tidy up and planting large pots for the summer flowers, have a few more pots to empty of spring bulbs into the borders and will store them ready for the next release of spring bulbs at the end of July.

    Other news- Watching politics with amazement at how child like our MPs seem. Polarised opinion seems that the quest to settle EU membership is going to have unexpected consequences for all the major parties, maybe not before time?

    Have been taking Mum out a lot, will do so again tomorrow when Mrs CRV is in bed following her night shift tonight. Had Mum up digging out with Mrs CRV and I a post that held our Dovecot, which we took down a couple of years ago, had to dig about three feet down and ended up hauling it out with ropes! Mum enjoyed the distraction, and at 80 is no light weight in the manual labour department!

    Simple Pleasures- Surprisingly quite a few, went to a classic car show with my boys and Mum, saw the cars we had in the 80s, nearly ended up buying a Land Rover! Saw a few VW Campervans, which Mrs CRV would like- boys nearly fell over at how slow they are! Spent most of my time eye-ing up the two seater sports cars of course. Totally impractical for us but very nice. Mrs CRV tells me I've passed the time for a mid-life crisis so yes to a 4x4 on retirement, no to a two seater!

    It was nice meeting up with family even though a sad occasion and made plans for meeting up after the summer. Although we stay in touch we rarely meet up, life, work and time flying get in the way.

    Well that's enough for now, it is raining so ideal for planting up that new border.

    CRV
    CRV1963- Light bulb moment Sept 15- Planning the great escape- aka retirement!
  • Sincere condolences on the loss of your sibling, crv. Must be extremely difficult for your mum - no parent expects to outlive their child.

    More sad news in respect of ManofLeisure, who lost his wife a few weeks ago. I hope he will post again when he feels a little stronger.

    My house sale seems to be progressing well, but until 'exchange of contracts', one can never be sure. I will be glad when it's all over to be honest.

    Never a dull moment on the political scene. I see today's news is all about Gove and his antics 20+ years ago. Bet a few more skeletons will fall out of someone else's closet before long!

    The wind is howling and the rain beating against the window pane - feels more like autumn than summer :). Think the plants and trees are happy though as the garden had started to look a littled parched.
  • crv1963crv1963 Forumite
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    Sincere condolences on the loss of your sibling, crv. Must be extremely difficult for your mum - no parent expects to outlive their child.

    More sad news in respect of ManofLeisure, who lost his wife a few weeks ago. I hope he will post again when he feels a little stronger.

    Thank you Mr C. It is sad all round and condolences to ManofLeisure if he reads this. Death although inevitable is a very sad time.

    Mum also has had to have one of her dogs put to sleep, she has had him for almost 15 years so it was a very emotional trip to the vets. Sadly she had lost another dog a few weeks after my Dad died so it brought all that grief back too.

    Mrs CRV is in Tenerife but flies back tomorrow only to go to her ex-husbands funeral Tuesday, it seems we're surrounded by death and sadness at the moment.

    On a brighter note I went to a re-union last night and caught up with old friends, most are now retired, only 3 of us still working. I really felt the urge to join the retired brigade!

    Must post my May update.
    CRV1963- Light bulb moment Sept 15- Planning the great escape- aka retirement!
  • crv1963crv1963 Forumite
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    My May payday update-

    Spending- Bought some secondhand paving slabs, still in the process of picking them up, to use for my lean to shed as a base and to try to edge my hen run to prevent the collie getting covered in mud as she runs around it.

    Multiple trips to my siblings house to help empty it draining my funds so most goes on fuel, plus of course multiple trips to Mums and rides out to cheer her also adds to the increase in spending, as does parking/ lunches/ coffees and buying bits to make my new shed.

    Saving Staying on target for retirement savings, very little else being put away at the moment. Flat wage this month so pleased that we were able to keep the baseline planned savings going.

    Sorting Almost exclusively my siblings home, multiple trips to Charity Shops, bringing stuff back as required to other sibling and Mum. Agreed almost everything without getting irritated!

    I thought I could hoard, well my sibling well and truly beat me! But we have actually thrown very little out so, I like to think she would be happy that others benefit from her "unwanted" items via charity shops. We have discovered she was a great supporter of her local charities and the driving force at her workplace for several ones close to her heart.

    So I am once we've finished sorting siblings house determined to clear my stuff out and stay on top of it.

    Other News Sad news abounds but looking for the silver lining to the clouds. Had a check up at the GP following a change around with my blood pressure medication and pleased to be told that I am as fit as a flea and have a normal life expectancy!

    My garden is looking good even if the lawn is growing at a rate of knots. I've got to cut that today, have a general tidy in the house etc ready for Mrs CRV return tomorrow.

    Interestingly I have only had the TV on as I leave the house for the dogs, I haven't watched or missed watching it at all!

    Politics amazes me, Gove, Johnson et al fighting away and history catching up with them. My thoughts are does what they did 20+ years ago really matter, surely it is what they will do now that matters. I don't think that Brexit will happen somehow, and do I really care? Not much.

    Simple Pleasures Lots of nice scenic runs out- had a really nice run over the North Pennines area of outstanding natural beauty yesterday, some 2 miles from our home but I don't go enough to things on my doorstep. Mum enjoyed it as she doesn't drive so that and a few hours walking around Durham cheered us both up.

    Went to a re-union last night, enjoyed myself even if I only recognised a few people, looking at people I haven't seen since 1991 made me realise that I must look a lot older than I think too!

    After tidying up today I'm taking Mum to the Dogs Trust, too soon some would say but her remaining dog has never had a night without another dog and a rescue dog will help give her a focus and task. The process takes about 4-6 weeks so time enough to finish the task with my siblings house. Mum herself feels she has enough love to take on another dog and doesn't understand when people tell her they could never get another one, telling me that you don't love less just more. Who am I to argue- she's altering her will to leave her dogs to us, so I'm going to make sure it is big enough to cope with living with our collie if anything happens to Mum. Two of her cats are old so I have asked her not to take on anymore of them. The three remaining ones will be quite enough!

    Have a great day, and grief is like scattered glitter - you never clean it up, it turns up unexpectedly when you least expect it, don't mourn it, enjoy the memories and pleasures you had.
    CRV1963- Light bulb moment Sept 15- Planning the great escape- aka retirement!
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