Early Retirement Extreme Forums

I used to have a bunch of kitchen knives but ended up using a Chinese light cleaver for everything, it was pretty cheap too.

I do take an opinel whenever traveling to make up for shoddy self catering knives.

£100k.

Failure to go lower with expenses in June: Having decided there was space in my expenses for a holiday, my housemate announced a load of bills he'd paid over the last 12 months and not mentioned. I guess I knew they were coming at some point but the amount was a surprise. Better household data shari...

Hi Nomad,
I'm using money dashboard, it integrates with UK current / credit accounts pretty well.

April out: £2,229 in: £24,483 May out: £1,516 in: £17,660 Income wise, this is me taking the majority of this years first tax bracket out of my company. I figured it's better in my bank accounts (and hopefully invested) sooner than sat in the company coming out monthly. there will be a £700 monthly ...

Late end of financial year update. Outgoings remained high for the rest of last year, I struggled to pay attention to how it was all going. December out: £2,072.00 in £7,556.00 January out: £2,061.00 in: £758.00 Febuary out: £2,194.00 in: £691.00 March out: £2,610.00 in: £831.00 So that brings the y...

This is spending is getting embarrassing on the Extreme forums. Out: £2,962 including: £560 on alcohol and eating out. £900 on hopefully all the driving lessons I'll ever need. £200 on food Driving lessons should be a one off but the alcohol / eating out is the thing that stands out as stupid so I'l...

October update before I forget. Better than last month, but still quite ridiculous. November will be very expensive as I've just started learning to drive. OUT: £1830 IN: £6823 Current gig has been extended until January with the possibility of April, though there have been the beginnings of rumblin...

I think I've settled on putting £10k into a SIPP this year and leaving the rest of the Profit that's over the higher rate of tax to take out at the start of the next tax year. Essentially this will mean shifting my years income to the beginning of the financial year, allowing me to take the money ou...

I'd been thinking about the PP previously, thanks for the reminder.
I'll get back into reading about that and see where it takes me.

What are your specific concerns ? I don't think there are any particular risks holding GBP, other than more expensive holidays :) I guess I'm extra nervous because I spent a lot of time in Europe for work as well as holidays in the last couple of years. Perhaps that will be a non issue anyway, and ...

After concentrating on income more than what to do with the proceeds for a while not I find myself with the majority of my net worth uninvested, sat (mostly inside ISAs that allow investment) in UK pounds. The current political situation is making me very nervous about further devaluation of this, b...

@fingeek the ISA will be full for the year, yes. The question is what to do with the rest, especially the section that would be in the higher rate tax band. As my income is from my own LTD company I'm able to choose exactly. Given the basic rate of £45,000 fills the ISA, pays for the years expenses ...

September: Spending went down a little but not as far as it should have. Plenty of excuses could be made but wont. OUT: £2,022.00 Still plenty coming in as I head towards the higher rate tax bracket. I'll likely reach that in the next two months and then need to decide what amount to put into a SIPP...

I've certainly been considering a SIPP for some of the remaining money once I max out my standard rate tax allowance. I figure there's little incentive for the withdrawal age for private pensions to move back, and £40-60k going in over the next year or two could give me a nice cushion to roll into a...

July and august were a couple of strange months. Split up with GF. here are some numbers: July in: £4,839.82 Out: £1,554.07 August in: £6,578.94 out: £2,679.61 Augusts expense is due to not having a house and drinking too much alcohol. month of skipping around hotels and friends sofas. The housing s...

Quick one for June as I'm feeling short of time. Trying to clear my months long to do list or just remove items I don't care about to give more brain space. in: £2,966.23 out: £1,993.23 better than last month but still a lot of drinking, takeaways and stuff in here. I did get some new hiking boots I...

The contracting market in my little niche seems very good at the moment, certainly around Bristol, London and Belgium, Germany. I'm getting into the intermittent nature of the job as well, and having an undefined length of time off in the next 1 to 4 months is something I'm looking forward to. I'm a...

Thanks for the tips Noedig, I think I've got it all nailed down apart from the pension, which will probably come into play this year. That's a split I'll need to think about more, if it's worth just shoving everything above £43k into the pension for the (not too distant) future. I'll leave that disc...

May, Getting pretty slow with these updates but trying to keep them coming. Embarrassment at high and luxurious expenses may be playing a part. Still going with gig in Birmingham, enjoying it and there seem to be prospects of extension, though I may need to make the location a bit less fixed to allo...