Hope is not an Effective Financial Strategy

Options
1…256257259261262…434

Comments

  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Name Dropper First Post First Anniversary
    Options
    Thanks Jimmy! Spreadsheets not putting me off :) They're something I want to get to grips with, and the suggestion to play around with it, rather than "get it right", means I don't feel spooked by it all :)

    I love rambling, btw. I ramble rather a lot myself :D
    2023: the year I get to buy a car
  • shangaijimmy
    shangaijimmy Posts: 3,796 Forumite
    Name Dropper First Anniversary First Post
    Options
    Payday for Mrs SJ today so some mini money shuffling (namely repaying the loan we had from our savings), then a gentle 50p TT that nudges the weekly total up to £2.07 (at an average of 41p per day!).

    I've been doing lots of thinking about musing about savings, pensions, retirement plans/options and net worth tracking. I have some thoughts in the ether but not yet got them to spreadsheet format. With everything thought there is a realisation that we are actually in a good place for the future, and that without the last 3yrs of MFW diary we could possibly be in some trouble. By trouble I actually mean definitely having to work till 68!!

    So feeling very optimistic about everything, despite the impending dentist bill!

    Got a weekend in work before we head to caravan for the last week of the hols on Monday.
    MFW: Was: £136,000.......Now: £61,892.24......
    Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34
    MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
    1% Mortgage Challenge 2022 - £157.59 of £650
  • themadvix
    themadvix Posts: 7,897 Forumite
    Mortgage-free Glee! Photogenic First Anniversary Name Dropper
    Options
    shangaijimmy wrote: »
    Was you thinking great minds think alike, or fools seldom differ :cool:? (Sorry dvixcs)

    No offence taken Jimmy! I'm not sure what TH was referring to - perhaps our joy at seeing the yellow thing in the sky? It's disappeared again here today.... I feel there's a word for it, but it's just out of reach.... in the archives of my brain!

    Pity about the dentist, but great news re pension planning.... :rotfl: at the horror of working to 68!
    Mortgage free 16/06/2023! £132,500 cleared in 11 years, 3 months and 7 days

    'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway


  • try_harder
    try_harder Posts: 1,527 Forumite
    First Anniversary First Post Combo Breaker
    Options
    I was referring to the fact you both said what a sunny day it was and that you were both hanging out your washing SJ and themadvix
  • try_harder
    try_harder Posts: 1,527 Forumite
    First Anniversary First Post Combo Breaker
    Options
    So yes ..Great minds think alike ..I guess
  • shangaijimmy
    shangaijimmy Posts: 3,796 Forumite
    Name Dropper First Anniversary First Post
    Options
    Well after a 13hr day yesterday Saturday has arrived in all its dreary wet glory! I had planned on regrouting the patio this afternoon following DS2's football. So now i think i'll have to change those plans to basically sitting on the couch, drinking tea and snoozing :j I'm not totally lazy though i will take the dog for a couple of walks.

    40p TT this morning.
    MFW: Was: £136,000.......Now: £61,892.24......
    Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34
    MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
    1% Mortgage Challenge 2022 - £157.59 of £650
  • michelle09
    michelle09 Posts: 912 Forumite
    First Anniversary Name Dropper First Post
    Options
    Oh no. :( It's still sunshine here.

    If anyone can knock a year or two off the 68 I'm fairly certain it's you, Jimmy!
  • shangaijimmy
    shangaijimmy Posts: 3,796 Forumite
    Name Dropper First Anniversary First Post
    Options
    Michelle - if i can knock 12 years off a 30 mortgage term, but effectively do it in 9 years then i'd hope we can knock 5yrs off work....

    Well another Sunday arrives and with it comes a £1 TT and then an OP of the weekly pot of £3.47. Happy enough with that.

    That patio will be re grouted this afternoon...he says...checking forecast for rain!
    MFW: Was: £136,000.......Now: £61,892.24......
    Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34
    MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
    1% Mortgage Challenge 2022 - £157.59 of £650
  • Busy_Mee1
    Busy_Mee1 Posts: 1,015 Forumite
    Options
    I totally agree that working until age 68 is a horrible thought ( that is my SRP age too ) If I work until 68, I will have worked for 51 years :eek:
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Name Dropper First Post First Anniversary
    Options
    Ug, those retirement ages are horrendous :( Rooting for you, Jimmy and BusyMee and all.
    2023: the year I get to buy a car
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608.1K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards