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  • FIRST POST
    • ShyAndRetiring
    • By ShyAndRetiring 16th Jul 18, 4:42 AM
    • 81Posts
    • 206Thanks
    ShyAndRetiring
    Future Finances: Time vs Money
    • #1
    • 16th Jul 18, 4:42 AM
    Future Finances: Time vs Money 16th Jul 18 at 4:42 AM
    Hello

    I'm a long time user of MSE and used to have a diary on the MFW board (different user name). These boards are just such an incredible source of advice, information, support and inspiration that now we're moving into the next phase of our lives, I find myself returning more and more and really feel the urge to reconnect with a new diary to help keep us focused and clued up in what we're doing: looking towards early retirement.

    I know there's a pensions and retirement board, but I do find the numbers on there to be quite intimidating. I'm not knocking anyone else's choices and lifestyle needs, each to their own, but do feel that the numbers I'm looking at are in a different league to those on the main pensions board (far less involved) and as we're risk averse and thinking more about money-saving rather than investment per-se, I feel more comfortable over here, if that's OK with everyone?

    So, the background:
    * OH is now 60. 2016-2017 was a horrible time for him, reaching an age where he was sidelined professionally (extremely common practice in his profession, so much so that the union advised him to take a 3 month settlement to leave as they'd "seen it all before and it's the best you can do, no point in fighting it").
    'Fortunately' for us, the writing appearing on the wall coincided with the youngest dependent flying the nest, so we sold our house and downsized. It didn't leave much of a pot for us, but we did become mortgage-free ... something that wouldn't have been possible but for the support and focus on paying down the mortgage via the MFW boards on here. The 'pot' we did achieve was mostly used to get our new place and garden suited to our (existing and future) needs. It also kept us afloat once OH finished work, as he didn't want to claim any benefits but needed a period of not working so he could recover from a stress-related health issue which arose largely thanks to the awful politics of his work situation.
    Turning 60 earlier this year means OH accessed his lump sum (50k) and a pension of around 6.5 k a year. For the last 7 months, he's been working part-time in the warehouse for a local retailer, minimum wage, anti-social hours (very early morning) but he's happy to be earning and useful again.
    As he lived and worked abroad for a long time before we knew each other, he does not have full NI contributions, so another reason for his part-time job is to help build up his contributions before SP age.

    * I'm 52.
    I had to give up my main professional, full-time role due to a long-term medical condition (auto-immune). I took up self-employment instead, working freelance for myself in order to manage my recovery and balance my health - this vastly impacted on my earning capacity and pension planning. I did have 'full' SP contributions but thanks to recent changes, now have to make another 5 years to get back to full contribution.
    Last year one of my freelance clients asked me to work for him exclusively (and permanently) so I now work part time for his company, working remotely from home. I can access my Occupational Pension (from professional role) once I'm 60 and I currently use NEST pension for building up another pension pot as I earn approx 10,500 from my part-time work.

    The plans / point of this diary:
    * We'd really love to be in the position to retire together when OH reaches SP age - I'd be 58 then. So at the very least, this diary's likely to be my place for accountability for our actions (big or small) towards trying to achieve this.
    * That said, if there's the chance to do this sooner, that would be so much the better! We didn't meet each other until a bit later on in life (it's a 2nd marriage for each of us) and with the slight age difference between us, we'd rather have time together than lots of money to spend. For us it's about living simply and wanting what we have, rather than spending money on 'wants'. I'm hopeful that this particular focus will help to get us to the finish line a bit sooner, so I'm sure some of this will creep into the diary too, especially as I'm about on the boards a bit more (I'm very at home on the frugal threads)!
    * I spend lots of time on the spreadsheets and our numbers just about work for us retiring together when OH reaches SP age, but I can't make them work for doing it any earlier. However, we benefited so much from the focus our MFW diary gave us (to the point that we could become MF when the fan started up and poop started flying) that I can't help but think a little of that focus again would help us to position ourselves a bit better for the next phase in our lives.
    * I also like setting myself cheeky goals and challenges, so having a diary's also a good way of recording my monthly goals and helping me stick to the actions needed to achieve them - especially as the mini goals would all be towards that main prize at the end - time together!

    I'm sure I'll share more thoughts and numbers down the line, but I'll stop there for the moment. Thanks for letting me settle into this new spot and if anyone would like to stop by from time to time, it would be lovely to meet you.
    Last edited by ShyAndRetiring; 16-07-2018 at 4:55 AM.
Page 9
    • Savvy_Sue
    • By Savvy_Sue 12th Aug 18, 4:13 PM
    • 39,058 Posts
    • 35,945 Thanks
    Savvy_Sue
    I have listened to you and agree l will go to a solicitor and get it drawn up, thank you for making me think again and see sense .
    Originally posted by sukysue
    but don't be the least embarrassed for phoning round to get quotes first!

    Also I think any half-decent solicitor should also talk to you about Power of Attorney. You don't have to use the solicitor to get these set up, but getting one set up should definitely give peace of mind.
    Still knitting!
    Completed: 1 adult cardigan, 3 baby jumpers, 3 shawls, 1 sweat band, 3 pairs baby bootees,
    1 Wise Man Knitivity figure + 1 sheep, 2 pairs socks, 2 hats 2 balaclavas for seamen, 1 balaclava for myself ...
    Current projects: Poppies, mohair cardigan pattern arrived and going strong!
    • humptydumptybits
    • By humptydumptybits 12th Aug 18, 5:01 PM
    • 1,294 Posts
    • 2,934 Thanks
    humptydumptybits
    We're also using the PO one year lock-in account, they do seem to have lots of variations so also an option? And to answer your other question, I still have my old Girobank account book, from when the PO started doing that kind of banking, so yes, I'm with you on the satisfaction of watching the numbers grow in a book! I've just had to get used to watching the numbers grow on screen instead.



    As above Humpty, maybe look at the T*cso current account, as you get the 3% interest but also the convenience of being able to pay for things easily ... something likely to be needed for wedding spends!
    Originally posted by ShyAndRetiring

    Thank you so much for that. I've done so many searches and looked at most banks and haven't found that or anything close. My job for tomorrow.
    • ShyAndRetiring
    • By ShyAndRetiring 15th Aug 18, 2:32 AM
    • 81 Posts
    • 206 Thanks
    ShyAndRetiring
    The interest rates are so low it is hardly worth bothering so I'm thinking of just buying premium bonds every month and at least I have a chance of a nice surprise. DDs wedding is 11 months away, they just got engaged, so too late for me to tie into one of the 12 month saving accounts that pay a decent amount.
    Originally posted by humptydumptybits
    Oooh, short timeline, how exciting, that'll just fly by Humpty! The other account to look at is the Nationwide Flexaccount, it's paying 5% up to 2.5k for one year only. Sounds perfect for your timeline and is a current account so you'll get a debit card to use for all those cheeky wedding costs! Worth looking into?
    ~ * ~ "A goal without a plan is just a wish" Antoine de Saint Expuery ~ * ~
    • ShyAndRetiring
    • By ShyAndRetiring 15th Aug 18, 2:40 AM
    • 81 Posts
    • 206 Thanks
    ShyAndRetiring
    Hi CRV ...

    Hi


    S&R- Hope you have a fruitful weekend, I'm going to tackle the garden, then see how the weather pans out, aiming to think through how I'll put my own thought onto my thread in some sort of order rather than a chaotic mix of them.

    Weekend proved super-busy and the week has picked up in pretty much the same way! My garlic is sprouting so I plan to get it into the little planter I prepared by the coming weekend (weather and OH's perpetual visitors permitting)!



    I can see my problem is that I waste money buying wants rather than needs and tying up money that I can access in a few days is probably better for me. Great to read what others do and how I can adapt their ideas to my circumstances.

    It's great that you know this is the issue CRV, and that sounds like a good plan to address it!
    I remove my debit cards from my purse so I can't have one of those 'oh well, I'll pay now and sort it later' moments!
    You're right, the threads are a great source of info and inspiration which can be mulled over and reapplied to suit individual situations. Must pop over again and see how you're getting on!
    Originally posted by crv1963
    ~ * ~ "A goal without a plan is just a wish" Antoine de Saint Expuery ~ * ~
    • ShyAndRetiring
    • By ShyAndRetiring 15th Aug 18, 2:48 AM
    • 81 Posts
    • 206 Thanks
    ShyAndRetiring
    "My advice is to really monitor what you are spending, record everything, either in a spreadsheet or even what I do, I just write daily spends in my diary so I can keep track of where the money goes. "


    I LOVE my spreadsheet! I record everything and categorise spends, Food, Fuel, Pets, Personal (toiletries, books, cds etc), Entertainment (meals out etc), Discretionary (impulse), Caravan, Holidays and Home. I then reconcile to the bank account and it is really satisfying to see surplus saved each month from my salary, even if it just 100. Also, planning for retirement you can see where the "heavy" months are e.g. Pet vaccinations etc. I know I spend too much on food for example and can cut back.


    Then, when I was doing the numbers I could see where too much money was going!
    Originally posted by thriftytracey
    Sounds very organised Thrifty ... I love a good spreadsheet too, but I've recently swapped to two large squared note pads - one for the monthly ins and outs, and one for savings. Everything's in there and it kind of makes it easier for OH to see where it all is and what's going on with it, seems to make it easier for him to be involved as well as informed.

    He also knows where to find them if I get hit by a bus, something he'd not be able to do with the password for my Chromebook, even though I've told him what it is at least a million times!

    So I'm mainly using the spreadsheet for projections now, love changing some of the numbers about and seeing the effect on the finances, depending on the scenario. Such fun!
    ~ * ~ "A goal without a plan is just a wish" Antoine de Saint Expuery ~ * ~
    • ShyAndRetiring
    • By ShyAndRetiring 15th Aug 18, 2:57 AM
    • 81 Posts
    • 206 Thanks
    ShyAndRetiring
    Hi SukySue ...

    While l am here l am wondering about just doing our own wills on a piece of paper and getting them witnessed and dated by some ppl not related to us or going to benefit from our death. I also wondered if the witnesses die before we do is the will still legal? Will just be mirror wills to each other tbh. It all seems very simple and will save a fortune . What does everyone think?

    Yes, getting the will sorted seems to go with the retirement planning territory! There's been lots of great advice here from everyone and although we too flirted with the idea of a DIY will, we're now going to do it through the solicitor. It could be worth you ringing around a few for costs or hanging on for the free wills month in November?

    Originally posted by sukysue
    I have listened to you and agree l will go to a solicitor and get it drawn up, thank you for making me think again and see sense .
    Originally posted by sukysue
    Really lucky over here to have such lovely helpful visitors! Happy Will sorting SukySue!
    ~ * ~ "A goal without a plan is just a wish" Antoine de Saint Expuery ~ * ~
    • ShyAndRetiring
    • By ShyAndRetiring 15th Aug 18, 3:29 AM
    • 81 Posts
    • 206 Thanks
    ShyAndRetiring
    Days 1960 - 1954


    Hi chums, thanks for bearing with me ... lovely to see you've all been busy over here, I think I've replied to most of you, sorry if I've missed anyone.

    Now, although I'm posting at a ridiculous time on Weds a.m. I'm updating as if it's still Tuesday because that's where my head is at the moment so, to update on progress so far ...

    * Spending

    #1): No FleaBay spending - haven't given in yet, total 14 / 31.

    #2) Quite a bit of food shopping since last update: market spends 26, additional spends for jam / chutney extra ingredients 6, extra C00p spend for visitor feeds & drinks 11, so food spends so far this month = 76 / 165.

    More jams & chutneys made, both apricot flavours. Store cupboard and Xmas prep box are both starting to look healthy!

    Blackberries are ripening everywhere locally so we've made sure we've got plenty of sugar in so we can get cracking on those when we get a spare moment.

    The few fruits we have on the plum tree (yes, found some!) are ripening nicely too, but have my eye on them for maybe making some may fancy dessert tarts and plums in brandy to make Xmas pud with later on, rather than jamming!

    * Saving

    # 1) Have really been strict with personal spending & put extra 10 across to holiday purse, total = 50 / 75.

    # 2) Have resigned myself to not getting anything prepped for selling this month because it relies on me taking over the spare bedroom for measuring, photographing etc, and there's just been too many people around to do so! However, I did cash out 75 from TCB - left 25 in there to top up my NOTHS gift card (to help with all these birthdays).
    So extra into ISA saving 75 / 120 but might have to be creative about how I find the extra cash to meet this challenge, because I really don't think I'm going to get anything sold for the time being!

    * Sorting

    # 1) OK, the Bored Meeting was useful and productive. I'll do a separate post on the Bored Meeting update and mid-term planning, otherwise this post one will be huge and long and send you all to sleep

    #2) Will: am waiting for a call back from solicitors to arrange time to go in, so all in hand to at least start the ball rolling with a consultation before the end of the month.

    Simple Pleasures
    * Hearing what we think was a Nightingale the other night - from around 1 a.m. until about 9 a.m. Just amazing.
    * Seven swans walking up the lane yesterday evening when we were walking the dogs. We had to walk past them but everyone was very well behaved, just a little swan hissing to keep the dogs in their place! Lovely to be so up close to such magnificent birds.
    * Managing a cheeky bike ride for the first time in 2 weeks ... and I didn't fall off this time!

    So there we are! I suppose I should try again with that whole sleeping malarkey now, SaRx
    Last edited by ShyAndRetiring; 15-08-2018 at 3:32 AM.
    ~ * ~ "A goal without a plan is just a wish" Antoine de Saint Expuery ~ * ~
    • ShyAndRetiring
    • By ShyAndRetiring 15th Aug 18, 3:55 AM
    • 81 Posts
    • 206 Thanks
    ShyAndRetiring
    Another vote for getting wills done "properly". Though I'm single and childless - so I don't have to worry about anyone else's welfare - I still think it's worth it.

    I had a will anyway - but changed it after moving here - and it cost me 100 if I remember aright. It's a very basic simple Will and other peoples might cost a bit more for being a bit more complicated - but I can't think it would be a vast amount.

    In my case it was done not so much to look after peoples welfare (with that not being applicable) but to ensure the person that would probably count as my "next of kin" at the time doesnt get anything. That being my brother - we're on "polite" terms whilst my parents are still alive and I strongly suspect "that'll be the end of that" when my parents die (as I know what my brother is like - ie grabby etc).

    So very necessary still to have one even in my circumstances imo - or I know him well enough to know he'd cheerfully take everything of mine, even if he'd already helped himself to as much as he could from my parents direction (which I already know he's after a lions share there).

    I confess I shall be "sitting up on a cloud" after I'm dead and watching where my money is going with interest - ie how the charity it's been left to is spending it.
    Originally posted by moneyistooshorttomention
    That's a good point, Money ... it's certainly important to ensure that what you leave behind ends up where you want it to, rather than being up for grabs.
    I volunteer for a small local charity and also know people at another one. Neither of these charities receive any national funding and they've both just received small bequests courtesy of a couple of local people.
    It's surprising just how much difference an unexpected windfall can make to the plans a charity has or wants to get started on, so I think it's great that you're going to be able to make a difference to a charity in that way.


    Simple Pleasure: Deep Clean of the kitchen which was well overdue, in fact ashamed to say first time! This involved, cleaning all cupboards, washing down the walls and removing all cobwebs and dust from ceiling, skirting boards, doors, tiles, removing (hands and knees) all pet hair from carpet that vacuum does not find, washing all crockery on welsh dresser and cleaning same etc etc. A joint effort too. Most satisfying and a real visual improvement. Repeat each room. This way when I retire next year (fingers crossed) new house. Next job: getting downstairs loo replastered and 2 walls one in hall and one in living room.

    Funnily enough I washed down all the kitchen cupboard doors after work today ... OH made one of the chutney batches and the kitchen looked like a disaster zone. Bloomin' sticky too! You're right, it's satisfying once it's done though.

    Not a simple pleasure: coming down this morning and finding that Molly has had a "tummy upset" in the night......
    Originally posted by thriftytracey
    Oh noooo Thrifty... not in the lovely clean kitchen? Hope she's better soon!

    Hi SAR,
    just found your diary and have been reading all the comments, very useful information on here.

    Hello Lindez, thanks for stopping by!

    I am semi-retired just work 3 days a week now since January. I still have a mortgage and things but at 59 and working full time for years I thought about time over money.

    I think there's a surprising number of us who feel this way, there does come a point when it's a choice of which holds most value for you, and certainly full-time work can really make you appreciate the idea of having the time instead! How are you finding the drop down in hours, are you enjoying your extra time?

    Very little savings and things so I am just going to be a little frugal and stop spending on things I don't need.

    Yes, that's another key thing, I think. Needs definitely change once the decision about time over money's been made and somehow things which seemed really necessary before seem quite easy to go without. That said, I'm trying to teach OH that being frugal doesn't mean going without, it just means getting the max value out of what we do have and doing as well on what we've got as possible (with a few bargains on the way)!


    I completed a will and trust fund earlier this year wow looking at the prices on here that people have paid for wills I paid above and beyond that. Mine was 1200.00 pounds though like I said I have put mine into a trust fund with my two children. Not that there is much there it just I wanted to make sure my home went to them.
    I lost my husband 2 years ago and it was a second marriage for both of us. We had wills set up then and both of our wills anything we had went to our children respectively. So my late husbands estate went all to his daughter and nothing to me. And I would like to believe that if it had happen the other way around he would have respected my wishes as I did his. A lot of people thought we were mad for doing it the way we did, but he had a lot more than I did so I agreed.

    I'm so sorry to hear about your husband. It sounds like you planned everything how you wanted it and that's what counts, particularly if it reduced stress at the time by knowing everything was dealt with according to your husbands wishes.

    It also seems entirely sensible for you to have spent extra on your own will but to have established Trusts so that your children receive everything you want them too. Definitely worth paying the extra to a solicitor to get that right.


    I have subscribed to the thread and look forward to reading. x
    Originally posted by lindez
    Thanks for subscribing, lovely to have you along!
    Last edited by ShyAndRetiring; 15-08-2018 at 3:57 AM.
    ~ * ~ "A goal without a plan is just a wish" Antoine de Saint Expuery ~ * ~
    • crv1963
    • By crv1963 15th Aug 18, 4:14 AM
    • 481 Posts
    • 1,046 Thanks
    crv1963
    Hi S&R,


    Glad I'm not the only one who lurks about in the middle of the night! Sounds like you've had a busy time and still not overspent. There is something satisfying about growing and picking your own fruit and veg. Our hens seem to have settled in, now getting daily eggs here. I've even managed to get a couple of no spend days in and busy sorting work stuff out!


    Mrs CRV has been very busy, I came home kitchen sorted top to bottom, new homemade curtains up there - 3 windows, along with all her dressmaking stuff sorted. So we're both working hard along our path to retirement.


    Only a few weeks left and off to my new role!


    Good luck sleeping, I'm up for the day now, one dog by my side, cat on my lap purring loudly! No chance of going back to sleep to get up at 5 am!
    CRV1963- Light bulb moment Sept 15- Planning the great escape- aka retirement!
    • humptydumptybits
    • By humptydumptybits 15th Aug 18, 9:25 AM
    • 1,294 Posts
    • 2,934 Thanks
    humptydumptybits
    Another vote for getting wills done "properly". Though I'm single and childless - so I don't have to worry about anyone else's welfare - I still think it's worth it.

    I had a will anyway - but changed it after moving here - and it cost me 100 if I remember aright. It's a very basic simple Will and other peoples might cost a bit more for being a bit more complicated - but I can't think it would be a vast amount.

    In my case it was done not so much to look after peoples welfare (with that not being applicable) but to ensure the person that would probably count as my "next of kin" at the time doesnt get anything. That being my brother - we're on "polite" terms whilst my parents are still alive and I strongly suspect "that'll be the end of that" when my parents die (as I know what my brother is like - ie grabby etc).

    So very necessary still to have one even in my circumstances imo - or I know him well enough to know he'd cheerfully take everything of mine, even if he'd already helped himself to as much as he could from my parents direction (which I already know he's after a lions share there).

    I confess I shall be "sitting up on a cloud" after I'm dead and watching where my money is going with interest - ie how the charity it's been left to is spending it.
    Originally posted by moneyistooshorttomention

    Do you have any nieces or nephews you might want to include. I think it is lovely to help young members of the family as it is so hard for them to get started now.
    • joansgirl
    • By joansgirl 15th Aug 18, 1:13 PM
    • 14,477 Posts
    • 56,239 Thanks
    joansgirl
    When my husband died in 2010 neither of us had a will. While he was ill I was constantly being told I should get him to make one but it seemed to me that by suggesting that to him it would make it appear I'd given up all hope for him (even though I knew he was dying). So the will didn't get made.

    Fortunately we were married and had no children of our own (I have 3 from my first marriage) so everything came to me anyway.

    One of the first things I did after he died was to get my will sorted. If I hadn't made one then everything would go to my 3 kids, and they aren't having it all. We're estranged so although they're in the will they're only getting 1/6th share each. The other 3 shares are going to 3 members of my husbands family.

    I went from full time work to part time in April 2016 as I'd got to the point when I wanted time and not money but was too nervous of the unknown to take that final step of retiring. It took a further 16 months before I decided I didn't want to do it anymore.

    I am very, very lucky. I am financially secure (thanks to my late husband and my own careful investing). I'm not rich by any means but comfortable.

    All in all I have no regrets about retiring early and time (for me) really is more precious than money.
    Some people only exist as examples of what to avoid...
    .
    • thriftytracey
    • By thriftytracey 15th Aug 18, 5:27 PM
    • 94 Posts
    • 80 Thanks
    thriftytracey
    Apologies to Shy for flagrant Plagiarism

    Spending - an impulse buy on Sunday, knew we should have taken the dogs then would not have gone into large shoe shop! Shoes are a weakness unfortunately and were not needed!


    Saving - very tempted to lunch out after Saturday morning walk went home instead so saved 15.


    Sorting - contacted the Government Pension Tracing Service https://www.gov.uk/find-pension-contact-details regarding three employers from early 1980's and 1990's. There were able to provide two contact numbers for the pensions scheme administrators for two of them. I contacted them and provided NINO, Name and DOB and they were able to confirm I did not contribute to their schemes during my employments. However, I only worked for each employer for 12 months on each occasion, and I think back then you had to work a minimum of 12 months to qualify. Of course back then when young and not thrifty minded I drifted from job to job (of which there were plenty). Still it was a useful exercise and will repeat for OH.


    Simple Pleasures: a lovely walk with the dogs on Saturday morning seeing lots of wild flowers and watching the dogs enjoying paddling and fetching sticks and stones in river. A delicious gnocchi veggie recipe for dinner on Sunday. Seeing the garden revive after the recent showers and new flowering of roses.
    • thriftytracey
    • By thriftytracey 15th Aug 18, 5:34 PM
    • 94 Posts
    • 80 Thanks
    thriftytracey
    Hi S&R,


    Glad I'm not the only one who lurks about in the middle of the night! Sounds like you've had a busy time and still not overspent. There is something satisfying about growing and picking your own fruit and veg. Our hens seem to have settled in, now getting daily eggs here. I've even managed to get a couple of no spend days in and busy sorting work stuff out!


    Mrs CRV has been very busy, I came home kitchen sorted top to bottom, new homemade curtains up there - 3 windows, along with all her dressmaking stuff sorted. So we're both working hard along our path to retirement.


    Only a few weeks left and off to my new role!


    Good luck sleeping, I'm up for the day now, one dog by my side, cat on my lap purring loudly! No chance of going back to sleep to get up at 5 am!
    Originally posted by crv1963
    Beware the "Dead" hour over 50's posters. QUOTE Doctors say the body!!!8217;s at low tide then. The soul is out. The blood moves slow. You!!!8217;re the nearest to dead you!!!8217;ll ever be save dying. Sleep is a patch of death, but three in the morn, full wide-eyed staring, is living death!!!8230; QUOTE
    • moneyistooshorttomention
    • By moneyistooshorttomention 15th Aug 18, 5:38 PM
    • 16,807 Posts
    • 46,408 Thanks
    moneyistooshorttomention
    Do you have any nieces or nephews you might want to include. I think it is lovely to help young members of the family as it is so hard for them to get started now.
    Originally posted by humptydumptybits
    My brothers wife is quite comfortably off and they are getting quite a bit of help anyway. One of them owns their own home already - despite being single/early 20s/dear area. Chances are they'll go into the(ir) family firm too.

    I want my money to go where I want it to go and, if I had that Lottery win we all hope for, then my best friend would be out house-hunting and I'd be paying for it. But, for other sizeable amounts of money, it gives me pleasure to know "good causes" will benefit.

    My money probably would end up going to them (rather than my brother) if I didnt make out a Will. Hence I've made out a Will.
    Last edited by moneyistooshorttomention; 15-08-2018 at 5:42 PM.
    ****************
    • MrAPJI
    • By MrAPJI 15th Aug 18, 7:32 PM
    • 54 Posts
    • 1,051 Thanks
    MrAPJI
    The importance of making a will was made really clear to me when my father died 'intestate'. Had my brother and I decided to take the money to which we were legally entitled, our poor mother would have really struggled financially. I dread to think what happens in some families when situations like that arise!
    • ShyAndRetiring
    • By ShyAndRetiring 15th Aug 18, 9:39 PM
    • 81 Posts
    • 206 Thanks
    ShyAndRetiring
    Hi CRV, you night owl you!

    Hi S&R,


    Glad I'm not the only one who lurks about in the middle of the night! Sounds like you've had a busy time and still not overspent. There is something satisfying about growing and picking your own fruit and veg. Our hens seem to have settled in, now getting daily eggs here. I've even managed to get a couple of no spend days in and busy sorting work stuff out!

    Mrs CRV has been very busy, I came home kitchen sorted top to bottom, new homemade curtains up there - 3 windows, along with all her dressmaking stuff sorted. So we're both working hard along our path to retirement.

    All sounds very productive chez CRV! Great that the path to retirement is a shared path of plotting and planning, being on the same page with the big ideas isn't always a given in relationships, so it's great to be working together.

    Only a few weeks left and off to my new role!

    Not long at all, got all your ducks in a row?


    Good luck sleeping, I'm up for the day now, one dog by my side, cat on my lap purring loudly! No chance of going back to sleep to get up at 5 am!
    Originally posted by crv1963
    Sounds pretty relaxing even if you should be sleeping! Hope you've not been too tired today.
    ~ * ~ "A goal without a plan is just a wish" Antoine de Saint Expuery ~ * ~
    • ShyAndRetiring
    • By ShyAndRetiring 15th Aug 18, 9:48 PM
    • 81 Posts
    • 206 Thanks
    ShyAndRetiring
    Hi Joansgirl, thanks for stopping by and sharing your experiences ....

    When my husband died in 2010 neither of us had a will. While he was ill I was constantly being told I should get him to make one but it seemed to me that by suggesting that to him it would make it appear I'd given up all hope for him (even though I knew he was dying). So the will didn't get made.

    I can understand how that must have felt, impossibly difficult to approach in that situation, so sorry to hear about your husband.

    Fortunately we were married and had no children of our own (I have 3 from my first marriage) so everything came to me anyway.

    One of the first things I did after he died was to get my will sorted. If I hadn't made one then everything would go to my 3 kids, and they aren't having it all. We're estranged so although they're in the will they're only getting 1/6th share each. The other 3 shares are going to 3 members of my husbands family.

    Yes, it's been quite a topic of conversation on here that a Will's important for ensuring that what you leave behind gets to who you want it to, and in the right proportion. Sorry to hear about the estrangement, that must be tough.

    I went from full time work to part time in April 2016 as I'd got to the point when I wanted time and not money but was too nervous of the unknown to take that final step of retiring. It took a further 16 months before I decided I didn't want to do it anymore.

    I am very, very lucky. I am financially secure (thanks to my late husband and my own careful investing). I'm not rich by any means but comfortable.

    All in all I have no regrets about retiring early and time (for me) really is more precious than money

    ^^^ Yes, all of this ^^^ is exactly what this thread's all about, weighing up the importance between the two and knowing when enough is enough to live on, in the context of additional time that jumping off the work treadmill brings. Comfortable is what we're aiming for too, don't need lots, just enough.

    Love to hear more about the transition from full time to part time, to retirement at some stage if you have any insights there? It's definitely one of the scenarios we're looking at, although to be fair we're both in the part-time work phase as it is, but more by circumstance than deliberate transition to early retirement!

    .
    Originally posted by joansgirl
    ~ * ~ "A goal without a plan is just a wish" Antoine de Saint Expuery ~ * ~
    • ShyAndRetiring
    • By ShyAndRetiring 15th Aug 18, 9:57 PM
    • 81 Posts
    • 206 Thanks
    ShyAndRetiring
    Hi ThriftyTracey

    Apologies to Shy for flagrant Plagiarism
    Apology accepted, plagiarise away ~ organised (and disorganised) thoughts are always welcome!

    Spending - an impulse buy on Sunday, knew we should have taken the dogs then would not have gone into large shoe shop! Shoes are a weakness unfortunately and were not needed!

    Oooh, maybe try to class it as forward-planning for your Autumn / Winter wardrobe?



    Saving - very tempted to lunch out after Saturday morning walk went home instead so saved 15.

    Good result, easier to do when you know you have stuff to use up at home, but the willingness to cook it can sometimes be a downfall. Well done for not giving in to temptation!


    Sorting - contacted the Government Pension Tracing Service https://www.gov.uk/find-pension-contact-details regarding three employers from early 1980's and 1990's. There were able to provide two contact numbers for the pensions scheme administrators for two of them. I contacted them and provided NINO, Name and DOB and they were able to confirm I did not contribute to their schemes during my employments. However, I only worked for each employer for 12 months on each occasion, and I think back then you had to work a minimum of 12 months to qualify. Of course back then when young and not thrifty minded I drifted from job to job (of which there were plenty). Still it was a useful exercise and will repeat for OH.

    That's really interesting, and the link is very useful, thanks for sharing Thrifty. I don't think I need to do this but as you say is a useful exercise.


    Simple Pleasures: a lovely walk with the dogs on Saturday morning seeing lots of wild flowers and watching the dogs enjoying paddling and fetching sticks and stones in river. A delicious gnocchi veggie recipe for dinner on Sunday. Seeing the garden revive after the recent showers and new flowering of roses.
    Originally posted by thriftytracey
    Ahh yes, seeing green coming back after all that yellow-brown is a simple pleasure indeed!

    Beware the "Dead" hour over 50's posters. QUOTE Doctors say the body's at low tide then. The soul is out. The blood moves slow. You're the nearest to dead you'll ever be save dying. Sleep is a patch of death, but three in the morn, full wide-eyed staring, is living death! QUOTE
    Originally posted by thriftytracey
    Bloomin' heck Thrifty, this and all the Wills talk - I'm frightened to go to sleep at all now!
    ~ * ~ "A goal without a plan is just a wish" Antoine de Saint Expuery ~ * ~
    • ShyAndRetiring
    • By ShyAndRetiring 15th Aug 18, 9:59 PM
    • 81 Posts
    • 206 Thanks
    ShyAndRetiring
    The importance of making a will was made really clear to me when my father died 'intestate'. Had my brother and I decided to take the money to which we were legally entitled, our poor mother would have really struggled financially. I dread to think what happens in some families when situations like that arise!
    Originally posted by MrAPJI
    Mr APJ, lovely to 'see' you and thanks for sharing. It's true that it's those kind of situations which really show people's priorities and personalities in their true light.

    So how are your house plans moving along, all going well I hope?
    ~ * ~ "A goal without a plan is just a wish" Antoine de Saint Expuery ~ * ~
    • ShyAndRetiring
    • By ShyAndRetiring 15th Aug 18, 10:14 PM
    • 81 Posts
    • 206 Thanks
    ShyAndRetiring
    Day 1953

    Hope everyone's had a lovely day!

    Busy worky one here, so not much extra achieved at the moment. Scores on the doors are pretty much the same ...

    * Spending

    #1): No FleaBay spending - continued success, total 15 / 31.

    #2) No food spending today - had a fridge use up day as it's market day for OH tomorrow, so useful to make some space and save waste. Food spends so far = 76 / 165.

    * Saving

    # 1) Need to get the weekend over before I find out if I can add any more in, so still at 50 / 75.

    # 2) No miraculous cash injections today, still at 75 / 120.

    * Sorting

    # 1) Bored Meeting and mid-term planning progress post to follow.

    #2) Will: Solicitors did not call back today as promised (some faff to do with diaries honestly) so will phone them when I finish work tomorrow if they haven't called by then.

    Simple Pleasures
    * Rescuing a bumble bee from the dogs' outside water bowl. I happened to notice it in a very beleaguered breast-stroke state, so found a big leaf to scoop it out. Left it on garden table to dry out and it was soon up and off.
    * Needed to pop up the garden a short while ago and had that lovely moment of being down the dark garden and looking back to experience the warm, cosy glow of the living room from the outside-in. Housing is such an issue for so many that I really don't take this sense of comfort and good fortune for granted, feel very fortunate indeed.
    * Interesting, unexpected opportunities.


    So that's today, now to get that Sorting update sorted ... SaRx
    ~ * ~ "A goal without a plan is just a wish" Antoine de Saint Expuery ~ * ~
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