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Showing posts with label finances. Show all posts
Showing posts with label finances. Show all posts

Mortgage overpayments 2022

17 January, 2023

Now that we've waved goodbye to 2022 and can look forward to 2023, it's time to reflect on some of the finances over the past year.

To start with I've had a look back at our mortgage overpayments for 2022! I know there's some debate among personal finance bloggers over whether it's best to overpay the mortgage or invest the money instead. For me and my husband overpaying works for us, but I'm very aware that it's not for everyone.

Last year our total was just over £900. My target had been £1000 a year. And this year we managed it!

Starting my steps towards FIRE

06 April, 2022

In the past year I've started to read up more on FIRE. This personal finance programme, which appears to have started in the USA, has crept in to British personal finance circles over the years.

In my round up of books I read in December I mentioned one about financial independence and promised to post more about why I had picked this book up.

I will admit that I've had some doubts about putting this post out while my country is going through a cost of living crisis as it looks incredibly tone deaf. However, I've been sitting on this post, tweaking it and editing it and rewriting chunks of it, for the past 6 months. This is simply bad timing.

But the fact that I can still post this comes from a position of privilege. It is absolutely not right that people are having to choose between heating and eating. We are one of the wealthiest countries in the 21st century and the way things are right now is an absolute disgrace.

For me at least the current situation has made me more determined to save and be careful in the coming months and years. And it is balanced with donations to charities including my local food bank, which does excellent work under very difficult circumstances. It's also going to be a very slow process as I'm nowhere near being a higher-rate taxpayer and that seems to be what most FIRE people are.

How much will maternity leave cost you?

15 August, 2021


A couple of years ago I sat down and worked out how much money I would need to save to cover a period of maternity leave.

The result was...depressing would only just start to describe it. If I hadn't done my calculations then I would have had a hell of a shock and upset further down the line!

 
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