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  • FIRST POST
    • Sea Shell
    • By Sea Shell 29th Jun 19, 2:14 PM
    • 2,410Posts
    • 4,312Thanks
    Sea Shell
    It's time to start digging up those Squirrelled Nuts!!!!
    • #1
    • 29th Jun 19, 2:14 PM
    It's time to start digging up those Squirrelled Nuts!!!! 29th Jun 19 at 2:14 PM
    Hi Everyone and welcome to my new thread.

    Original thread can be found here... https://forums.moneysavingexpert.com/showthread.php?t=5631875

    As you may know, DH has already finished work and I am also due to finish in 3 weeks time . We hope that our FIRE pot is now enough (our IFA seems happy!)...and so I have made the decision to jump too!!!!!

    This is going to be the next adventure, so if you want to watch us crash and burn, subscribe now!!! - Seriously, though, we are confident we've got our figures right for our circumstances and we'll have a comfortable retirement. Our idea of comfortable, would be spending approx £15k-£20k pa. We currently average about £13k pa spends.

    Anyway, some numbers....

    As of today our total FIRE pot stands at....£536,129. This is made up of...

    DC pension pots - £303,729
    S&S ISAs - £133,648
    Fixed term cash - £69,715
    Easy access cash - £29,037 (net of stoozed CC balances)

    Will will also have SP's (eventually) which we'll look to pay-up to max nearer the time (i'm 3 years short), plus DH has 2 DB pensions due to start paying in approx 12 years of c. £8300 in today's money (indexed).

    I look forward to your company.
    Last edited by Sea Shell; 30-06-2019 at 5:30 AM.
    " That pound I saved yesterday, is a pound I don't have to earn tomorrow " JOB DONE!!
    This should now read "It's time to start digging up those Squirrelled Nuts"!!!
Page 9
    • Anonymous101
    • By Anonymous101 9th Aug 19, 8:31 AM
    • 1,394 Posts
    • 1,118 Thanks
    Anonymous101
    Well I have just finished my first year of retirement. As I expected immediately after I retired and invested my lump sum there was a big drop in equity prices. By December I was panicking slightly (I don't really panic). It's been all been good since except the last week. I was supposed to lose £22K this year but actually was £5k up on the year. Problem is that when you are retired you have time to follow the stockmarket action. Trump opens his mouth lose £10K. Things looking up gain £5K. Boris talks lose £10K. Good news released gain £15K. Maybe I should have employed an IFA and then I would only look at my investments once a year. So question is how many people do a daily check on their investments? Is it good to check on what's happening or just try to forget it?
    Originally posted by fred246


    I used to obsess about it checking a couple of current accounts and investments daily. Now I don't so much. Granted I'm still in the accumulation phase but I know I'm set up fairly efficiently and so daily, weekly or even monthly movements really have very little impact on my strategy.
    I now update my spreadsheet monthly and keep my eye on any really important changes. I just try to focus on enjoying myself now rather than thinking about money too much.


    Things might change when I start thinking that I'm nearing being Financially Independent though.
    • waveydavey48
    • By waveydavey48 9th Aug 19, 8:32 AM
    • 62 Posts
    • 84 Thanks
    waveydavey48
    "The power of Now"
    Great thread. I packed in work on Wednesday so am following this and similar discussions with renewed interest.

    Just on the book front I have just read "The power of now" by Eckhart Tolle and found it interesting. I too am pretty much a sceptic but like to think I have an open mind and found this book quite profound. I'm no new age nut but I don't think you have to necessarily believe everything Tolle says to get something out of it.

    Keep posting please!
    • Sea Shell
    • By Sea Shell 9th Aug 19, 8:40 AM
    • 2,410 Posts
    • 4,312 Thanks
    Sea Shell
    LOL.... Exactly. I find a positive mind-set is the answer to most of life's "problems".
    Originally posted by Anonymous101
    Aha, but the book is specifically about NOT having a positive mindset.

    By being too positive, you can set yourself up for a fall when things don't turn out as you expected, leaving you feeling worse than when you started!!
    " That pound I saved yesterday, is a pound I don't have to earn tomorrow " JOB DONE!!
    This should now read "It's time to start digging up those Squirrelled Nuts"!!!
    • Sea Shell
    • By Sea Shell 9th Aug 19, 8:43 AM
    • 2,410 Posts
    • 4,312 Thanks
    Sea Shell
    Great thread. I packed in work on Wednesday so am following this and similar discussions with renewed interest.

    Just on the book front I have just read "The power of now" by Eckhart Tolle and found it interesting. I too am pretty much a sceptic but like to think I have an open mind and found this book quite profound. I'm no new age nut but I don't think you have to necessarily believe everything Tolle says to get something out of it.

    Keep posting please!
    Originally posted by waveydavey48
    Yes, his story gets a mention in the book.

    Congrats on your retirement too!!
    " That pound I saved yesterday, is a pound I don't have to earn tomorrow " JOB DONE!!
    This should now read "It's time to start digging up those Squirrelled Nuts"!!!
    • Anonymous101
    • By Anonymous101 9th Aug 19, 9:00 AM
    • 1,394 Posts
    • 1,118 Thanks
    Anonymous101
    Aha, but the book is specifically about NOT having a positive mindset.

    By being too positive, you can set yourself up for a fall when things don't turn out as you expected, leaving you feeling worse than when you started!!
    Originally posted by Sea Shell


    Interesting. Maybe I should have phrased that more appropriately... by positive meant grateful.
    • cloud_dog
    • By cloud_dog 9th Aug 19, 9:13 AM
    • 4,474 Posts
    • 2,780 Thanks
    cloud_dog
    As for drawdown, it still seems a bit "unreal" as this month is only the first with no pay. I've been watching the markets closely for a while anyway, and have been doing a monthly round up (comparison) for a couple of years now, so will just carry that on. We can then see, month by month, where we are in comparison to the same time last year, and month on month, and adjust our strategy accordingly. Well that's the plan.
    Originally posted by Sea Shell
    SS

    Have you come across JohnRo's Monthly Income thread over on the S&I board?

    I find the breakdown and detail, analysis, and tracking over time very intriguing. I appreciate JohnRo income focus differs from your own but thought you might find the information spread interesting.
    Last edited by cloud_dog; 09-08-2019 at 7:19 PM.
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • Karmacat
    • By Karmacat 9th Aug 19, 9:23 AM
    • 32,294 Posts
    • 190,743 Thanks
    Karmacat
    Erm, the link in the above post redirects very quickly to a home improvement website at least, it *looks* like home improvement
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    New kitchen fully installed June 2019
    • JoeCrystal
    • By JoeCrystal 9th Aug 19, 9:26 AM
    • 1,814 Posts
    • 1,281 Thanks
    JoeCrystal
    Erm, the link in the above post redirects very quickly to a home improvement website at least, it *looks* like home improvement
    Originally posted by Karmacat
    I think this is the thread cloud_dog was talking about?

    https://forums.moneysavingexpert.com/showthread.php?t=4662291
    • cloud_dog
    • By cloud_dog 9th Aug 19, 7:19 PM
    • 4,474 Posts
    • 2,780 Thanks
    cloud_dog
    Erm, the link in the above post redirects very quickly to a home improvement website at least, it *looks* like home improvement
    Originally posted by Karmacat
    Fixed. Thanks
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • Sea Shell
    • By Sea Shell 16th Aug 19, 9:36 AM
    • 2,410 Posts
    • 4,312 Thanks
    Sea Shell
    Week 4 - Wow..4 weeks already!!!
    We had no Sky Broadband for about 30 hours over the weekend. Resolved now, but you realise just how much you depend on it when it’s not there. Good job for puzzle books, and reading. We’re not on data contracts for our phones, so we just managed. I think they only pay compo if it’s down for more than 48 hours.

    We’ve recently had one of those outdoor gym equipment parks open just down the road from us, so I took a walk to have a look. All looks good now whilst it’s all new, but shall we bet how long it’ll be before the local oinks vandalise it, or it fails due to lack of maintenance. It’ll be a shame if that happens, as I plan to use it as part of my regime, especially whilst it’s all shiny and new.

    Running – I’ve done 1 x 6.8M, 1 x 4.6M (with 6x2min efforts + 15 mins on outdoor gym). I did the efforts on grass this week, wow that’s hard work!! Plus todays run of 7.44M in 1h13m43s. That’s an average of 9.54m/m, which is the fastest I’ve run over that kind of distance in ages!!! That speed work must be paying off. Total running this week = 18.79M Probably going to suffer for it tomorrow!!

    Swimming – My new nose clips came!!, so I did my usual 50mins. I mixed up the strokes again this time (albeit much easier with the clip), and did a total of 86x18m lengths = 1548m

    I’ve given myself a full manicure and pedicure, with Gel Nails. I bought myself the kit a couple of years ago, and I’ve got quite good at it (if I do say so myself), even doing my ‘wrong’ hand. Got to look after my ‘runners’ feet too!! Lost a few toenails over the years – yuck! I’ve only bought 2 new colours this year, which is a test of my self-control as I love getting new colours, (the sparklier the better) as they are only about £3 each.

    Dentist – all good, no further action required.

    Financial – We’ve got 2 VRS12’s maturing on the 20th, and a Monmouthshire on the 28th, so that’ll be a little bit extra interest in the coffers. About £70 odd I think (as we had part interest credited in March)

    I managed to get a Secure Trust 90 day notice account at 1.91% before they pulled it. So we’ve kept back what cash we need for the next 4 months, and then put the balance in there. I’ve then made a request for payment for end of December, to cover the 4 months after that (as you’re only allowed 3 w/d per calendar year)

    The one product I’ve realised will increase use of now I’m at home is Loo Roll !!. I no longer get to pee at work!! Time to start rationing the sheets!!

    Another money saving tip I thought of was to refill our pump hand soap dispensers with cheaper shower gel. It’s pretty much all the same stuff really isn’t it. Too extreme??!!

    Donated 2 old sleeping bags to our local homeless shelter. We’ve had them in a sealed bag in the loft for ages and they’ve hardly been used. Washed up good as new!

    Reading – I finished the “What If?” book, which was OK, but a bit too American. And yes, they were daft questions, but with some informative scientific answers. The most interesting was “What would happen if all the rain from a storm cloud fell in one massive raindrop?”. The answer is it would unleash the same energy as multiple atom bombs, and devastate a vast surrounding area with tsunamis too. It wouldn’t be good!

    We’ve been to the library again, and stocked up on non-fiction. So now I’m actually reading Charles Darwin’s “On the Origin of Species”!! Bit heavy, maybe, but hopefully will be an interesting read.

    Well that was a busy (if random) week!! Thanks for reading….if you’re still awake!
    " That pound I saved yesterday, is a pound I don't have to earn tomorrow " JOB DONE!!
    This should now read "It's time to start digging up those Squirrelled Nuts"!!!
    • Sea Shell
    • By Sea Shell 22nd Aug 19, 7:16 AM
    • 2,410 Posts
    • 4,312 Thanks
    Sea Shell
    Not much to report this week....much like the last 4!!! ha-ha!!! Watch out for that tumble-weed blowing past!

    Looking forward to this bout of good weather that we're due over the next week or so, so I shall mainly be lounging in the garden with a book and a cold drink (possibly alcoholic!!)

    Once the school holidays are over, then we'll be all systems go, booking holidays (UK) and going places. So far this year, we've only spent ave. c. £895 per month, so if we take our annual (finger in the air) budget of £15,000 and deduct our normal spends, that means we've got £4,260 to spend on FUN THINGS, for the rest of the year!!!!. Although somehow, I don't think we'll get through £1065 pm!!!
    " That pound I saved yesterday, is a pound I don't have to earn tomorrow " JOB DONE!!
    This should now read "It's time to start digging up those Squirrelled Nuts"!!!
    • atush
    • By atush 22nd Aug 19, 3:15 PM
    • 17,869 Posts
    • 11,357 Thanks
    atush
    Yes, by tomorrow we might be back to drinking rose on the terrace!
    • Audaxer
    • By Audaxer 22nd Aug 19, 5:44 PM
    • 1,830 Posts
    • 1,141 Thanks
    Audaxer
    So far this year, we've only spent ave. c. £895 per month
    Originally posted by Sea Shell
    I really must be going wrong somewhere. I'm really interested in how you manage to spend so little - is £895 your total monthly expenditure for everything for the two of you?

    I'm also retired with no mortgage and our lowest monthly spend this year was £1,590. Biggest items were £468 for food and household items, and £471 for various Direct Debits. Add to that dog insurance, petrol, the odd meal out and general cash withdrawals and it easily mounts up. We hardly drink at all and don't smoke, and are by no means big spenders but our annual spend is usually over £30k.

    Sea Shell, I'd be interested if you'd like to share a rough breakdown of your monthly spend, so I can see how you do it.
    • MallyGirl
    • By MallyGirl 22nd Aug 19, 6:10 PM
    • 3,899 Posts
    • 9,352 Thanks
    MallyGirl
    I think it very much depends on where, and in what, you live. Our council tax is £264 pcm spread over 12 so we would never get down to those sort of numbers unless we moved.
    • DairyQueen
    • By DairyQueen 22nd Aug 19, 6:48 PM
    • 879 Posts
    • 1,617 Thanks
    DairyQueen
    I really must be going wrong somewhere. I'm really interested in how you manage to spend so little - is £895 your total monthly expenditure for everything for the two of you?

    I'm also retired with no mortgage and our lowest monthly spend this year was £1,590. Biggest items were £468 for food and household items, and £471 for various Direct Debits. Add to that dog insurance, petrol, the odd meal out and general cash withdrawals and it easily mounts up. We hardly drink at all and don't smoke, and are by no means big spenders but our annual spend is usually over £30k.

    Sea Shell, I'd be interested if you'd like to share a rough breakdown of your monthly spend, so I can see how you do it.
    Originally posted by Audaxer
    I am also amazed at how SeaShell does it.

    When I factor in a monthly allocation for: optician. dentist, hairdresser, make-up, clothes, subscriptions, entertainment, pets, car (very low running cost), Christmas, house maintenance, garden maintenance, replacement of household goods, blah-de-blah., I needed £18k p.a. to live comfortably when I was single. No debt, no mortgage.

    Now, OH and I spend over £45kp.a. between us, but that supports a second modest home (running costs of around £8k p.a.), OH's car is costly and he has expensive taste in clothes, wine and food.
    • MizzPenniless
    • By MizzPenniless 22nd Aug 19, 8:34 PM
    • 9 Posts
    • 11 Thanks
    MizzPenniless
    I've just read through this thread and am impressed at how you have retired at such a young age Sea Shell. I'm about to leave my job at the end of the month under a mutual agreement to leave scheme, with 6 months pay and plan to use the money to take a mid-life gap year. I'm trying to think of it as a trial run for early retirement lol. It remains to be seen if I can enjoy the time off, or find myself looking for work after the first few weeks. Sadly I won't be in a position to take early retirement - my pension forecast if I take it now is under £4k and I still have 10 years left on my mortgage
    • enthusiasticsaver
    • By enthusiasticsaver 22nd Aug 19, 9:34 PM
    • 9,034 Posts
    • 21,027 Thanks
    enthusiasticsaver
    Not much to report this week....much like the last 4!!! ha-ha!!! Watch out for that tumble-weed blowing past!

    Looking forward to this bout of good weather that we're due over the next week or so, so I shall mainly be lounging in the garden with a book and a cold drink (possibly alcoholic!!)

    Once the school holidays are over, then we'll be all systems go, booking holidays (UK) and going places. So far this year, we've only spent ave. c. £895 per month, so if we take our annual (finger in the air) budget of £15,000 and deduct our normal spends, that means we've got £4,260 to spend on FUN THINGS, for the rest of the year!!!!. Although somehow, I don't think we'll get through £1065 pm!!!
    Originally posted by Sea Shell
    I think we must be going wrong somewhere as well as our spends are a lot higher than yours. Having more time now we don't work has meant DH spends more money on DIY and the constant new tools he seems to need for them. We have had a new kitchen and bathroom put in but still every month it seems to be around £200 spent on house maintenance minimum not including the big jobs we have had done. We have the gym membership with spa facilities which luckily we do use and have recently reduced our level to off peak to make it cheaper but still amounts to £65 a month. We go out more for meals so that mounts up and entertainment is higher than when we were working. Energy costs over the winter were also higher as we were home more.

    You might find the holidays boosts the spending somewhat.
    You
    Early retired in December 2017

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Sea Shell
    • By Sea Shell 23rd Aug 19, 6:16 AM
    • 2,410 Posts
    • 4,312 Thanks
    Sea Shell
    Well, here’re the numbers so far this year…and it’s pretty much £900pm…(I’d not added in this weeks Aldi shop!)

    Bills 2367.8
    Usually £335 pm, but CT gets 2 months holiday Feb, March. This is further broken down to…
    CT - £181
    Water - £29
    Gas/Elec - £63
    Sky TV & BB - £49.50
    TV licence - £13

    Holidays/Ente 820.67
    This includes 1x4 night break and 1x2 night break (both UK), including meals out, plus Sky PAYG films and magazine sub.

    Car Expenses 313.89
    Doesn’t include insurance due Sept - £200

    Groceries 1680.43
    95% of this in Aldi, includes household and toiletries stuff

    Household 595.1
    Includes Insurance, and general DIY stuff (no major works or appliances)

    Health/Beauty 628.63
    Includes new running shoes, dental, gym (swimming), hairdressers etc.

    Clothes/Shoes 79.65
    Hardly any needed so far, and probably no more this year! If we do, it’ll be a couple of bits in Primark.

    Fuel 301.46
    My commute was already very short – now unless we’re away, we don’t go far, probably annual mileage of approx. 5000.

    Gifts/Cards 56.16
    No Big Birthdays this year, and obviously no Xmas yet (but prob only £200 to be spent there)

    Bank/ISA Fees 200.86
    Fidelity ISA Fees

    Phones/Calls 152.88
    Includes new phone for DH - £130

    Total of £7197.53, divided by 8 = £899

    So there you have it…and that’s without trying. Just our natural spends. Yes, the back end of the year is more weighted for spends one way or the other, but even so, we’re probably going to come in around £13,000-£13,500 for the year, even with 2 or 3 more trips included.

    Any questions feel free to ask.
    " That pound I saved yesterday, is a pound I don't have to earn tomorrow " JOB DONE!!
    This should now read "It's time to start digging up those Squirrelled Nuts"!!!
    • crv1963
    • By crv1963 23rd Aug 19, 7:01 AM
    • 992 Posts
    • 2,255 Thanks
    crv1963
    Well, here’re the numbers so far this year…and it’s pretty much £900pm…(I’d not added in this weeks Aldi shop!)

    So there you have it…and that’s without trying. Just our natural spends. Yes, the back end of the year is more weighted for spends one way or the other, but even so, we’re probably going to come in around £13,000-£13,500 for the year, even with 2 or 3 more trips included.

    Any questions feel free to ask.
    Originally posted by Sea Shell
    I think that it does depend on your personal spending needs. When we have worked out our bill we are on a par with Sea Shell, weighted slightly different on the exact spends, dogs being our biggest expense.

    We do live in a less expensive part of the country for costs, but annual mileage will drop for me - currently 30,000+ miles pa, but Mrs CRV may increase- currently her mileage is 1500 pa or less. In fact her car is coming up four years old with 6800 miles on it of which I have put 2800 on it in the last two months! So her mileage is probably less than a thousand a year!

    We worked out 12k pa to run the house, feed ourselves and cover our car insurances. Then we allowed 6k pa for personal spending (to include petrol costs) so reaching our minimum number of 18k pa.

    For Christmas we (or I) shop over the year, buying things as I see them usually at a reduced price (for spirits in Supermarkets) or in sales. Then add £100 each cash for my sons. It's the end August and apart from wrapping and writing the cards I've got Christmas sorted. At work we all donate £5 to a nominated charity rather than send cards to each other, we also do a £10 secret santa over buying gifts for one another.

    We do spoil each other at Christmas, I save £50 pm to buy Mrs CRV present, last year it was 150 pm, as we approach retirement we're finding we have most things we want already.

    My biggest personal spending is on tools ready to use in retirement, but I buy them as I need them now so they aren't sitting around in packaging.
    CRV1963- Light bulb moment Sept 15- Planning the great escape- aka retirement!
    • cloud_dog
    • By cloud_dog 23rd Aug 19, 7:50 AM
    • 4,474 Posts
    • 2,780 Thanks
    cloud_dog
    Groceries 1680.43
    95% of this in Aldi, includes household and toiletries stuff
    Originally posted by Sea Shell
    I am aghast... in an impressed way. You spend less than £240 a month on groceries.

    We tend to shop at Aldi, I need to figure out how we can get anywhere near your spending... where does ours go!!!!
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
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