2020

Where are you and where are you going?
Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

Just numbers, end of January 2024

Pensions
£45000 (same)
£82338 (-781)
£82240 (-822)
£77046 (-200)
£54089 (+3224)
total = £340713 (+1421)

Savings/Assets £-3354 (+1593)

House £132000 (-500)
Mortgage £-22724 (+286)
Car £8000 (0)

Total £454635 (+2800)
Last edited by Nomad on Thu Feb 01, 2024 11:07 pm, edited 1 time in total.

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

I decided to make a note of my January expenses.
The simplistic approach is to split everything into essential expenses at the top, then discretionary or fun spending near the bottom.
Recurrent fun items are fun things paid via direct-debit.
I also put some aside into a savings account for future travels but that is not shown as it will be spent in future months.

Home Fixed
Electricity and Gas 100.00
Council Tax 94.00
Mortgage Interest 31.28
Boiler Insurance 29.32
Internet 29.88
House Insurance 20.57
Water 18.50
Sub-Total 323.55 (29.6%)

Groceries[ (Unitemised)
Sub-Total 150.00 (13.7%)

Car
Fuel 88.00
Maintenance 40.00
Insurance 30.00
Sub-Total 158.00 (14.4%)

Recurrent Fun
Gym 20.00
YouTube 12.99
Spotify 10.99
NetFlix 10.99
Mobile Phone 10.00
Account Fees 7.00
Google Space 1.59
Sub-Total 53.56 (4.9%)

Ad-Hoc Fun
Eating Out 158.00
Dentist 135.00
Optician 10.00
Boots 80.00
Gift 10.00
Clothes 6.00
Household 10.00
Sub-Total 409.00 (37.4%)

Total £1094.11

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

End of February 2024 numbers.

Pensions
£45000 (same)
£81776 (-562)
£81897 (-343)
£78055 (+1009)
£55751 (+1662)
total = £342479 (+1766)

Savings/Assets
£-1467 (+1887)

House £132000 (-500)
Mortgage £-22440 (+284)
Car £8000 (0)

Total £458572 (+3937)
I retired 'again' at the end of February...
Last edited by Nomad on Sat Mar 30, 2024 7:37 pm, edited 2 times in total.

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

End of March 2024 numbers.

Pensions
£45000 (same)
£86763 (+4987)
£84360 (+2463)
£79549 (+1494)
£57527 (+1776)
total = £353199 (+10720)

Savings/Assets £-2076 (-609)

House £133000 (+1000)
Mortgage £-22156 (+284)
Car £8000 (0)

Total £469967 (+11395)
I had no income in March and actually had an extended couple of holidays. Thanks to growth in investments however, I am up a lot this month.
Last edited by Nomad on Sat Mar 30, 2024 7:38 pm, edited 1 time in total.

guitarplayer
Posts: 1531
Joined: Thu Feb 27, 2020 6:43 pm
Location: Scotland

Re: 2020

Post by guitarplayer »

Your target from nearly 6 years back was £403125. I just checked and inflation adjusted from 2018 to 2024, it turns into £498994 (impressive). So with inflation adjustment - nearly there!

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

guitarplayer wrote:
Sat Mar 30, 2024 6:24 pm
Your target from nearly 6 years back was £403125. I just checked and inflation adjusted from 2018 to 2024, it turns into £498994 (impressive). So with inflation adjustment - nearly there!
Thanks @guitarplayer, I get about the same result. My initial target was about £400k and £500k seems like the equivalent now. I did retire in February however, so I will need to rely on growth to get me over the finish line.

I checked out your blog; we have some similarities. I play guitar and use Cakewalk. Also, I worked in IT, using Java, GitHub, Ubuntu etc.

guitarplayer
Posts: 1531
Joined: Thu Feb 27, 2020 6:43 pm
Location: Scotland

Re: 2020

Post by guitarplayer »

Ha, missed that line about Feb retirement, great! Suppose you’re sorting out quality time plans with partner then - this would be interesting to read about as well if you decide to post on it. There is quite a bit of forum activity centred on what folk do after retiring.

I share the sentiment of wanting out when it’s sunny outside (like today).

At the moment I am in a ‘merely’ analyst bucket but pivot my way to traverse across to data science or engineering and in any case working more with code. Currently I am trying to get into a job where I would build maths models of processes in R or Python, along the lines of Integer Programming (I imagine). Chime in to my journal if you have any specific UK advice, I’m in the largest Scottish city.

Cakewalk looks great, but I make a point of trying Reaper as it was made by a very wealthy guy (previously built WinAmp, then sold it) who seems not in it only for the money so chances are the $60 lifetime subscription will remain in place. With Cakewalk - it looks great but I fear they are just collecting clients before rolling out paid-for software as service.

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

Yep, planning a lot of holidays and maybe thinking about a migratory existence, UK in the Summer and somewhere warmer at other times of the year. I will be doing more music/recording stuff too.
I will checkout your journal a bit more.
I do like Cakewalk but I'm thinking of learning Ableton too. I have no excuse time-wise :)

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

I started actually drawing down on my pension money this month and bought some camping equipment etc.

End of April 2024 numbers.

Pensions
£45000 (same)
£66511 (-20252) withdrawal of -22573
£85038 (+678)
£83021 (+3472)
£57778 (+251)
total = £337348 (-15851)

Savings/Assets £13314 (+15390)

House £134000 (+1000)
Mortgage £-21868 (+288)
Car £8000 (0)

Total £470794 (+827)

I am going on a big holiday to Spain later this month.

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

End of May 2024 numbers.
No working any more but my investments had a very good month. I spent quite a bit on an extended holiday and with camping related purchases.

Pensions
£45000 (same)
£68703 (+2192)
£91204 (+6166)
£83517 (+496)
£58037 (+259)
total = £346461 (+9113)

Savings/Assets £10285 (-3029)

House £135000 (+1000)
Mortgage £-21583 (+285)
Car £8000 (0)

Total £478163 (+7369)

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

End of June 2024 just the numbers.

Pensions
£45000 (same)
£68255 (-448)
£89407 (-1797)
£84756 (+1239)
£58548 (+511)
total = £345966 (-495)

Savings/Assets £13081 (+2796)

House £136000 (+1000)
Mortgage £-21296 (+287)
Car £8000 (0)

Total £481751 (+3588)

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

End of July 2024. This month I received £30k from my folks, I'm feel like I'm over my self imposed financial finish line

Pensions
£45000 (same)
£69166 (+911)
£92791 (+3384)
£85451 (+695)
£58548 (same)
total = £350956 (+4990)

Savings/Assets £39742 (+26391)

House £136000 (same)
Mortgage £-20000 (+1296)
Car £8000 (0)

Total £514428 (+32677)

guitarplayer
Posts: 1531
Joined: Thu Feb 27, 2020 6:43 pm
Location: Scotland

Re: 2020

Post by guitarplayer »

Nice one!

Are the pensions the way they are in the attempt not to cross the £85k threshold in each ? Also on mortgage, am I right in thinking you’re keeping it due to low interest rate?

Hope this is not too direct, it’s for my own learning.

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

@guitarplayer

Yes, the idea of the pensions is to keep them each in a silo of less than £85k for the FSCS protection. The one that is £92k, I do intend to draw some of that out this year.

Correct on point two as well. I have a mortgage that is currently fixed at 1.6%. I will it all off when the fixed rate ends in about a years time.

I'm currently looking at a getting some kind of panel van, with a view to kitting out the inside and doing some travelling.

radamfi
Posts: 149
Joined: Thu Dec 11, 2014 5:46 pm

Re: 2020

Post by radamfi »

With pensions and ISAs, the providers are really just middlemen and even in the unlikely event of a provider going bust, you still own the underlying shares or funds.

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

End of August 2024 numbers.

Pensions
£45000 (same)
£68617 (-549)
£95967 (+3185)
£84972 (-479)
£58925 (+377)
total = £353490 (+2534)

Savings/Assets £40018 (+276)

House £138000 (+2000)
Mortgage £-19720 (+280)
Car £8000 (0)

Total £519788 (+5090)

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

Overdue an update - 20th October numbers

Pensions
£45000 (same)
£73828 (+5211)
£98710 (+2743)
£86031 (+1059)
£59755 (+830)
total = £363324 (+9843)

Savings/Assets £37546 (-2472)

House £137000 (-1000)
Mortgage £-19190 (+530)
Car £8000 (0)

Total £526680 (+6901)

Kipling
Posts: 125
Joined: Fri Mar 17, 2017 11:10 am
Location: London

Re: 2020

Post by Kipling »

While what goes up may in theory come down, your stash growing substantially in the six months after retirement has got to be a sweet, sweet feeling!

Nomad
Posts: 401
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

@Kipling it certainly is a good feeling. I have actually spent a lot on 3 foreign holidays and also purchasing some studio equipment but the stash continues to grow. I have quite a percentage invested in precious metal commodity ETF's and some in UK home builders. They have both done very well.
Long may it continue...

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