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Money Saving Tips
- Thread starter Nymzee
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Sweeneytoad
Player Valuation: £5m
Learn to cook for yourself will also save you a fortune
summerisle
The rain, it raineth every day
Turn off the oven at least 10 mins before the end of your cooking time, it will easily maintain the necessary heat.
Also, fully utilise the oven space and cook as many things as you can at the same time, then freeze what's not needed.
Also, fully utilise the oven space and cook as many things as you can at the same time, then freeze what's not needed.
Swerve the beak and brass.
peteblue
Welcome back Wayne
I thought you were suggesting a part time job…..
chrismpw
Player Valuation: £70m
Just stop spending. I don't see how an evening out is expensive so long as everyone pays their way.... unless you're some sort of Billy Big Bucks who likes to show how generous he is to everyone and thus buy friendship. Just go out with mates who pay their way.
Cancel all direct debits. Determine yo put a reasonable amount aside each month (on average I shoved half my take home into savings / paying off my mortgage and refused to touch them. If I was short, I wouldn't dip in I just would eat/drink less or turn the heating down a few degrees and wear a sweater.
Also- don't keep a female nor have kids.
I retired at 50 living off savings until the pension could be drawn. Buggered the plan a bit by getting snarled up with a female and ended up recently being a grandparent. Have to budget for Christmas presents now ffs!
Cancel all direct debits. Determine yo put a reasonable amount aside each month (on average I shoved half my take home into savings / paying off my mortgage and refused to touch them. If I was short, I wouldn't dip in I just would eat/drink less or turn the heating down a few degrees and wear a sweater.
Also- don't keep a female nor have kids.
I retired at 50 living off savings until the pension could be drawn. Buggered the plan a bit by getting snarled up with a female and ended up recently being a grandparent. Have to budget for Christmas presents now ffs!
Just like diet or exercise. Do a proper review/accounting of how you actually spend your money, decide on a goal you would like to meet, set a realistic budget, get some accountability to help keep you on track, don't get frustrated when you miss targets but look at the whole and enjoy making progress.
Well, not just dieting or exercise, but all of life, really.
Pro tip: get a high paying job, marry a high earner, work lots, spend little, have no children, retire early and become an influencer with a handle like "ten things i never learned from my rich dad/poor dad" and shill your silly survivorship biased-habits to others for a decent wedge.
This, I'm in a very similar position to you eggs, I retired from my stressful profession after 36 years on a final salary pension, I now have a stress free part time job but I'm digging into my pension lump sun every month.
I would advise @Nymzee and anyone else of working age to do one or all of the following if you are able to afford to.
1. Put as much as you are permitted into your company pension particularly if they are matching your contribution.
2. Invest in a share scheme if your employer has one this will enable you to buy shares at discounted prices for which you will normally be paid a dividend each year which you can reinvest.
3. Open a SIPP (Self invested personal pension) for which the government will pay you up to 40% of your investment.
Hargreaves Lansdown website will explain how it works, they will also manage it for you for a small fee.
It's okay living for today but as the older ones on here will tell you, you're sixty in what seems the blink of an eye.
Good luck one and all.
Quit drinking for 6 months.
That's the plan, well till my holiday over New Year.
peteblue
Welcome back Wayne
Er just a minute, he’s one of our best customers, you just leave him alone…..
….if you do have money to invest & with interest rates being so low in recent years, Mrs Eggs and I have gone to our limit on Premium Bonds.
Not a month goes by without us both winning, I think we got £120 at the beginning of this month. Generally, a better return than most savings accounts.
Not a month goes by without us both winning, I think we got £120 at the beginning of this month. Generally, a better return than most savings accounts.
trueblue84
Player Valuation: £50m
You may as well just kill yourself at that point. What's the point of being alive if you aren't living?
That'd be the sensible option, however you don't have to spend hundreds on a night out to enjoy yourself and get pretty merry (or sozzled) if that's your wish.
Another great piece of advice is to overpay any mortgage you have: even an additional hundred pound a month will have a good impact on the lifetime interest.
Thats all well & good, I did that my first mortgage was 11% & your Wife income could not be taken into the mortgage application first year, a struggle in those days when you could get on the housing ladder almost impossible now ....
Save up & go to house auctions looking for property to renovate .... at a good price -
I have lived in five different houses, upgrading all the time - I always looked with houses that work needed doing on them to knock the price down plus get a private surveyor as he will work for you not a building society valuation .....
I worked most weekends plus in the week to pay any surplus money off my mortgages - the hurrah the house is paid for ...aged about 60 - you then find out your council tax & water rates are more expensive than your original mortgage payment
Property like @Eggs suggest is a great investment, mainly going up in value .....
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