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  • FIRST POST
    • cuddlymarm
    • By cuddlymarm 22nd Dec 18, 9:43 AM
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    cuddlymarm
    Frugal in retirement
    • #1
    • 22nd Dec 18, 9:43 AM
    Frugal in retirement 22nd Dec 18 at 9:43 AM
    Hi guys
    OH took early retirement two years ago. I still work part time because I find I need a little structure and enjoy the extra money.
    Weíre never going to be rich but we have a nice little flat ( it needs a few tweaks, the bathroom and kitchen both need revamping) but are ok at the moment and is where we want to be and old age proof for later in life.
    We have quite a bucket list that keeps growing and weíll never get through it all but are aiming to try our best.
    But itís ok bringing in the extra money but I feel we need to squeeze the most out of what we already have and make every penny count.
    So this thread is where I want to pop by and update on my progress and keep me on track.
    Xmas is all bought now (apart from my nephews kids who I will give money when we visit) so no more spending.
    Once Xmas is over I will report in regularly.
    Anyone who wants to keep me company please feel free to join in
    Cuddles
Page 3
    • janb5
    • By janb5 27th Dec 18, 10:09 AM
    • 1,898 Posts
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    janb5
    [QUOTE=Gers;75231435]I'm another Feb 1954 baby - so SP in July 2019. I was well aware of the first changes to SP age but the second one caught me unaware. Luckily I have an occupational pension and still work very part time, through choice.


    I live in a remote rural area, no real public transport, eight miles from a village and neighbours are about a mile or more away. That means that my car is essential, I bought a new'ish one in April and will happily keep it until it falls apart.


    Hi Gers, I dont know whether this will help you but I got a new car- Hyundai on a lease scheme so I can return it after three years or choose to buy it. Reasonable payments.
    • janb5
    • By janb5 27th Dec 18, 10:59 AM
    • 1,898 Posts
    • 6,876 Thanks
    janb5
    Hello all !

    Just been given a really useful tip from my neighbours that when you get your SP to specify weekly payments and not monthly. Also on BH`s you will get it a few days earlier.
    • joedenise
    • By joedenise 27th Dec 18, 12:06 PM
    • 6,087 Posts
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    joedenise
    Both DH and I opted for weekly SP payments. So we get some money every Tuesday & Friday. I have a small annuity which I get on 28th of month and I also have a small work pension which I get the last working day of the month. It makes it so much easier to budget knowing that we haven't got long to wait for the next lot of money!
    • moneyistooshorttomention
    • By moneyistooshorttomention 27th Dec 18, 12:21 PM
    • 17,561 Posts
    • 49,199 Thanks
    moneyistooshorttomention
    Hello all !

    Just been given a really useful tip from my neighbours that when you get your SP to specify weekly payments and not monthly. Also on BH`s you will get it a few days earlier.
    Originally posted by janb5
    Fortunately, I knew that before I retired - so I duly specified my State Pension is to be paid weekly.

    I do find it helps me budget better this way. I get my job pension monthly (ie same as my salary used to) and the monthly direct debits come out of that as per normal. I take my "weekly living money" from my weekly State Pension payment.

    My spending money gets taken by me on an "as and when" basis from leftover money in my bank account (from all sources). I know there's some "spare" in my monthly job pension after it's covered most of the bills. I know there's some "spare" in my weekly State Pension after covering "week to week living". So the "spare" from both is my spending money.

    Thank goodness I'm (belatedly) getting the State part of my pension now - as my weekly living money was basically coming from my savings until then.

    It does indeed help to know that there's only a maximum of 6 days to wait before I get some more money - as we all know just what a tendency there is for unexpected expenses to happen.
    Last edited by moneyistooshorttomention; 27-12-2018 at 12:26 PM.
    • cuddlymarm
    • By cuddlymarm 28th Dec 18, 3:29 PM
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    cuddlymarm
    Hi guys
    I only had a three hour shift today so this afternoon is about small, simple pleasures. Egg and chips for tea, recorded programmes Iíve not had chance to watch yet, the rest of the Xmas cake for pudding.
    Weíve the last batch of family to visit tomorrow and then weíre just spending the evening at friends for New Yearís Eve so very little to spend now.
    Weíve loads of food left so no shopping needed for at least a week, maybe more.
    Itís very tempting to spend at this time of year with the sales on. We could do with a new sofa but ours will have to last a bit longer. I did make the mistake of looking at some online and did try to justify it to myself but ours may be scruffy but it costs nothing and any money I have coming is all accounted for for months to come.
    The weather is miserable but not madly cold here so itís not costing us much in heating which is good. So hopefully my bank account will stay as intact as possible for as long as I can.
    Have a good evening frugallers
    Cuddles
    • Shoogly Peg
    • By Shoogly Peg 28th Dec 18, 4:48 PM
    • 14 Posts
    • 219 Thanks
    Shoogly Peg
    Room for another wee one here?
    been retired nearly 7 years, got my State Pension at 62 and also have a small work pension.
    No mortgage, some savings, but when OH and I split up 2 years ago, went on a bit of a spending spree.
    I now need to rein in the spending as my savings pot has really taken a bashing and after getting hit with a couple of unexpected large bills, am on a bit of a 'shoogly peg' 😁
    • Gers
    • By Gers 28th Dec 18, 6:02 PM
    • 7,240 Posts
    • 49,339 Thanks
    Gers
    I've splashed out on this place when I moved back up and packed in my full time job. Most of the rooms were in a very sad state so needed to be worked on - total rewiring, shower room installed upstairs, kitchen ( what was there was three open shelves and one cupboard) etc etc.

    Now, my final big spend has happened, a very comfortable reclining chair with footstool, it's being delivered next Thursday. And so the spending can stop. Even though I only work very part time hours through choice I may just finish at the end of the academic year in June. As I've not decided yet I want to stash as much as I can, no more big spends and only very considered other spends.

    Heating is my biggest cost. No mains gas for miles, no good place for an oil or calor store so it's woodburner all the way. I had electric radiators installed but find a second jumper and woolly tights is mostly sufficient. At the worst times I go to bed, switch on the electric blanket and watch TV or read from there.

    There's so much meat in the chest freezer it's embarrassing. Most of it was free, half a hogget from the farm stockman's wife and masses of venison from stalking parties up the hill. I certainly won't starve.
    Last edited by Gers; 28-12-2018 at 6:06 PM.
    • cuddlymarm
    • By cuddlymarm 29th Dec 18, 11:03 AM
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    cuddlymarm
    Hi guys
    Iíve started as I mean to go on. My nearly empty perfume bottle has lasted a week longer than I expected and still another couple left I hope.
    I got lots of useful presents this year, socks, pyjamas, and wine which though not useful is very welcome of course.
    No shopping needed today. Weíre off to visit relatives later.
    Iím going to start doing as many NSDs as possible this year.
    First I need to clear my credit card, then pay off our next holiday.
    I hope everyone is recovering nicely from all the overindulgence and keeping warm and well
    Cuddles
    • moneyistooshorttomention
    • By moneyistooshorttomention 29th Dec 18, 11:20 AM
    • 17,561 Posts
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    moneyistooshorttomention
    Well - frugal attempts here helped out by the fact I'm on my first total springclean/reorganise since moving here (I moved here on retirement and it's now several years later...).

    I can tell just how much I've been accummulating in the way of general household stocks (various kitchen goods for instance - cleaning cloths/rubber gloves/etc) by the fact that I've got a stack of stuff from Waitrose - which I know means I bought it some years back (as I've not been able to shop in Waitrose since moving here).

    So, for anyone that likes to be stocked-up like I do - we might have overdone it a bit and have enough to keep us going for some time......

    Clothes-wise - there's some of the same going on. How did I land up with several black teeshirts and several brown teeshirts and one HECK of a lot of tights and socks?
    Last edited by moneyistooshorttomention; 29-12-2018 at 11:22 AM.
    • ploppy57
    • By ploppy57 29th Dec 18, 11:36 AM
    • 878 Posts
    • 5,764 Thanks
    ploppy57
    Just come across this thread and would like to join in. I am coming up 62 next June and work part time but also already have a very small pension from a job I had for 11 years. SP will be due when I am 66. OH is younger than me, so will still be working when I get SP...unless something miraculous happens and he can take early retirement...., which is what he would love to do, so I will not be too old when he finally retires.

    We have debts as you can see, but are slowly getting them sorted.., after a LBM in 2015.
    Determined to make the most of life though and not throw every penny at our debts, to the extent that we can't have a life. Its just about not going mad and trying to live as cheaply as possible.

    I have little savings accounts set up for all sorts of things and we eat as cheaply as we can and don't go out much in the evenings. Our little luxury is to go the cinema sometimes and we do have Meerkat discounts for that, although due to OH's shifts, we can't always use them as they are only for certain days.

    So I will be reading with interest and sharing any tips that I come across.
    Happy New Year to you all.
    EF #231 £300/£1000. SPC#110
    Christmas '19 #5 £30/£365.
    Mortgage Overpayments for 2019 so far, £14

    "There's a Great Big Beautiful Tomorrow, Shining at the end of every day"
    • ploppy57
    • By ploppy57 29th Dec 18, 11:39 AM
    • 878 Posts
    • 5,764 Thanks
    ploppy57
    Hello all !

    Just been given a really useful tip from my neighbours that when you get your SP to specify weekly payments and not monthly. Also on BH`s you will get it a few days earlier.
    Originally posted by janb5

    Didn't know this, very useful tip. Thanks.
    EF #231 £300/£1000. SPC#110
    Christmas '19 #5 £30/£365.
    Mortgage Overpayments for 2019 so far, £14

    "There's a Great Big Beautiful Tomorrow, Shining at the end of every day"
    • vodkawitch11
    • By vodkawitch11 31st Dec 18, 9:36 AM
    • 33 Posts
    • 258 Thanks
    vodkawitch11
    Nice new shiny year tomorrow so all the best everyone for 2019

    Set myself a few little challenges for 2019 to keep me on the straight and narrow.

    Yellow sticker hunting has become my new hobby and I done well last night spending under a fiver for quite a haul.

    I am lucky to live not to far from some large supermarkets.
    I don`t get sp for another 2 years.

    I live alone so food and cleaning stuff I can do for about £20 a week, I`m a carer so like most people money is tight.
    I find doing surveys, receipt apps like shoppix and saving supermarket points help with Christmas so will be doing them again in 2019.
    Last edited by vodkawitch11; 31-12-2018 at 9:37 AM. Reason: spelling
    • cuddlymarm
    • By cuddlymarm 31st Dec 18, 9:53 AM
    • 1,285 Posts
    • 7,448 Thanks
    cuddlymarm
    Hi guys
    Christmas is now well and truly over and Iím ready and raring to go for 2019. Iíve joined the 2019 Grocery Challenge so that will keep me on track and also the Frugal Living Challenge so that I think about what Iím doing.
    The fridge is nearly empty but Iíve ordered my online shop for Thursday and Iíve plenty of tins and frozen to last until then. So we only need some beer ( weíre off to friends this evening) and a bottle of milk.
    We really need to get our diet back on track. Iím determined to get to target by the time we go on holiday in July (preferably before so I can stop paying SW)
    My mantra is going to be nothing is bought until absolutely necessary. Nothing wasted, everything used up to the last drop.
    I hope you are all feeling well and ready for what the new year will bring.
    Happy New Year frugallers
    Cuddles
    April NSDs 3/15
    2019 Grocery Spend £480.68/£2000
    April Grocery spend £91.04/£120
    • ploppy57
    • By ploppy57 31st Dec 18, 10:12 AM
    • 878 Posts
    • 5,764 Thanks
    ploppy57
    Hi guys
    Christmas is now well and truly over and Iím ready and raring to go for 2019. Iíve joined the 2019 Grocery Challenge so that will keep me on track and also the Frugal Living Challenge so that I think about what Iím doing.
    The fridge is nearly empty but Iíve ordered my online shop for Thursday and Iíve plenty of tins and frozen to last until then. So we only need some beer ( weíre off to friends this evening) and a bottle of milk.
    We really need to get our diet back on track. Iím determined to get to target by the time we go on holiday in July (preferably before so I can stop paying SW)
    My mantra is going to be nothing is bought until absolutely necessary. Nothing wasted, everything used up to the last drop.
    I hope you are all feeling well and ready for what the new year will bring.
    Happy New Year frugallers
    Cuddles
    Originally posted by cuddlymarm

    Ooh will have to look up the grocery challenge, sounds interesting. I am on the Frugal thread. Also the Christmas 2019 saving group and the Simple Living thread. All very useful
    EF #231 £300/£1000. SPC#110
    Christmas '19 #5 £30/£365.
    Mortgage Overpayments for 2019 so far, £14

    "There's a Great Big Beautiful Tomorrow, Shining at the end of every day"
    • pollypenny
    • By pollypenny 31st Dec 18, 11:23 AM
    • 25,910 Posts
    • 68,520 Thanks
    pollypenny
    Hi guys
    Christmas is now well and truly over and Iím ready and raring to go for 2019. Iíve joined the 2019 Grocery Challenge so that will keep me on track and also the Frugal Living Challenge so that I think about what Iím doing.
    The fridge is nearly empty but Iíve ordered my online shop for Thursday and Iíve plenty of tins and frozen to last until then. So we only need some beer ( weíre off to friends this evening) and a bottle of milk.
    We really need to get our diet back on track. Iím determined to get to target by the time we go on holiday in July (preferably before so I can stop paying SW)
    My mantra is going to be nothing is bought until absolutely necessary. Nothing wasted, everything used up to the last drop.
    I hope you are all feeling well and ready for what the new year will bring.
    Happy New Year frugallers
    Cuddles
    Originally posted by cuddlymarm

    Cuddles, why not do 5:2, just buy Michael Mosley's book. There are recipes in the original, but I bought a dedicated recipe book by Mimi Spencer from Amazon.

    We lost weight, 2st and 3st respectively without paying to a club and, as we've learned to eat twice a day rather than three, we've also saved money.
    Member #14 of SKI-ers club

    Words, words, they're all we have to go by!.

    (Pity they are mangled by this autocorrect!)
    • buildersdaughter
    • By buildersdaughter 31st Dec 18, 4:19 PM
    • 335 Posts
    • 1,043 Thanks
    buildersdaughter
    Gers - it sounds lovely. We too spent money to make out house comfortable and 'retirement friendly', and we do very well living in an area where we can buy game cheaply.
    We use our time to make as much as we can from scratch. We walk for exercise, and I have a swim pass that costs £16 a month.
    Our entertainment is quite cheap as well. We have some good local concerts, usual cost £10-12 each, a few times a year, and a music festival with a whole weekend pass for £45.Those are our big 'going out' expenditure. We do, however, spend on TV sports subscriptions - my DH's great pleasure. I don't begrudge it, as his other main hobby is making furniture and he does lots of repairs.
    • tori.k
    • By tori.k 31st Dec 18, 7:05 PM
    • 3,431 Posts
    • 9,191 Thanks
    tori.k
    I will admit im a little envious as most here are where i'd like to be, im now on a 10 year plan to make it happen, im actually not eligible for my state pension for another 20 years but my forecast shows in 10 years I will have contributed enough for the current full state pension and plan to have the mortgage cleared around the same time and with a small private pension hope at worse to part retire at 56, just got to make it happen
    Best of luck everyone and happy new year
    Debit to Credit (stage 1) 3652.34 completed 15/10/16
    Debit to Credit (stage 2) 6299.09 completed 25/06/17
    Mortgage Free (stage 3) 134,157
    GC 3227.86
    • comeandgo
    • By comeandgo 31st Dec 18, 7:14 PM
    • 2,528 Posts
    • 3,428 Thanks
    comeandgo
    I will admit im a little envious as most here are where i'd like to be, im now on a 10 year plan to make it happen, im actually not eligible for my state pension for another 20 years but my forecast shows in 10 years I will have contributed enough for the current full state pension and plan to have the mortgage cleared around the same time and with a small private pension hope at worse to part retire at 56, just got to make it happen
    Best of luck everyone and happy new year
    Originally posted by tori.k
    There is talk of private pensions only being payable ten years prior to state pension age, so you may have to wait until at least 57 before you can start payments from your private pensions. Not sure when the 68 for state pension kicks in.
    • tori.k
    • By tori.k 31st Dec 18, 7:38 PM
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    tori.k
    Most likely as the goal post keeps moving, ive got 56 in my head now and its to depressing to think of any longer, so if I spend a year on beans on toast so be it, im sadly not averse to cutting my nose off to spite my face
    68 kick in for those born after 78 so sadly im safe there
    Debit to Credit (stage 1) 3652.34 completed 15/10/16
    Debit to Credit (stage 2) 6299.09 completed 25/06/17
    Mortgage Free (stage 3) 134,157
    GC 3227.86
    • joedenise
    • By joedenise 31st Dec 18, 7:58 PM
    • 6,087 Posts
    • 44,902 Thanks
    joedenise
    I will admit im a little envious as most here are where i'd like to be, im now on a 10 year plan to make it happen, im actually not eligible for my state pension for another 20 years but my forecast shows in 10 years I will have contributed enough for the current full state pension and plan to have the mortgage cleared around the same time and with a small private pension hope at worse to part retire at 56, just got to make it happen
    Best of luck everyone and happy new year
    Originally posted by tori.k
    Good luck with your plans. I early retired by 4 years, 2 of them due to ill health. So just my DHs money to live on for those 2 years. I received my works pension at the age of 60 and SP from 62, although all our plans had been for me to retire at 60 with a State Pension. I was one of the early ones affected by the goal posts moving! Everything has worked out OK. I really feel for anyone who has to wait even longer.

    Denise
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