What it’s worth

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The Grim Challenge was a big success for the four young things who ran today. Bitter cold winds but gorgeous sunshine made it ok for the few spectators as well. They were soaking and shivering and covered in mud when they got back to the car. The turnout was great and loads of charities were represented.

KODAK Digital Still Camera

Grim Challenge, Aldershot, 7/2/2016

There was talk on the way home of getting the mothers to run as well next year….

While waiting for the runners to finish, the smell of coffee and hotdogs was tempting, but at £4.00 for a sausage in a bun and £3.00 for a coffee, there was no way I could afford to or would want to pay that amount….

Of late, my long term financial situation has been playing on my mind. At 55 with only about 7 years of work under my belt in the UK, my State pension pot is paltry. It will be about 18 months before I can hope to work full time again and despite efforts to find a Saturday job, it has not happened (yet).

I am a good saver and big believer in putting pennies away. The problem is that it is hard to save when there is no income! Yes, I do live off the joint account at present, but as He in Paradise is always checking the ins and outs of it, I am careful about purchases.

I mentioned my student loan recently. I invested part of that in a crowd-funding property deal, buying a small share in a rental property in Manchester. The returns (not guaranteed of course) look good. I also have been a long term investor in a peer to peer lending scheme. It returns an average of 4% per annum, which in this market is great.  This type of passive income is good but in order for it to have any significant financial reward, one needs a lot of money invested. At present only the odd tenner can be popped in, now and then.

Without a load of money one needs to be frugal, and I notice that of late, more thought goes into purchases. Where cash back or discounts (or both) can be used they are. £2 coins go in a tin that cannot be opened (need a can opener) and £5 notes are saved. A friend taught me this one. Any £5 s that end up in my wallet at the end of the day are removed and banked at the end of the week.

I have been experimenting with a capsule wardrobe too and after a week of wearing the same ‘uniform’ (washed in between), not a person has commented, which goes to show how much anyone notices, and that we all worry too much about what we wear!

So, all this has inspired me, for what it’s worth, to persist with the collection of pennies, the making of packed lunches and wearing a capsule wardrobe….it all adds up to savings for my dotage.

 

 

 

 

 

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One response »

  1. You are the conscience I deny. I’ve forgotten what it’s like to constantly have to consider expenditure v income. I’m sure that your frugality will bear good fruit in the future.

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