Here it is! Our financial review for 2020. Below, we'll detail how we each got on this year, including progress towards our FIRE goals. If you want to see a more personal review of 2020, see this post by Mr Way. Mr Way As far as my FIRE journey is concerned, it has been steady …
Category: Money
Monthly Spending – November 2020
Summary Welcome to our November spending post! Our total spend for the month was £1,818. There weren’t any big expenses this month, just a few Christmas presents etc. Steady away! That’s what national lockdown does for you. See below for the full details! We break our main expenses down into broad categories starting with the …
Monthly Spending – October 2020
Summary Welcome to our October spending post! Our total spend for the month was £1,952. This marks another month below our target of £2,000, even considering we had to buy a new washing machine! Coronavirus restrictions have certainly seen a reduction in our spending, as there aren’t many things we’re allowed to do! With another …
Monthly Spending – September 2020
Summary Welcome to our September spending post! Our total spend for the month was £1,636. We’re really happy with this as it’s significantly below our £2,000 target. Before we get into the spending, we want to apologise. We haven’t been creating any blog posts recently, other than these monthly spending breakdowns. We’re determined to get …
Monthly Spending – August 2020
Summary Welcome to our August spending post! Our total spend for the month was £1,970. We’ve been eating out more than usual, as Miss Way increases her socialising and introduces Baby Way to family and friends - at a distance. We also had an MOT on the car this month, and bought a lot of …
Monthly Spending – July 2020
Summary Here’s our July spending – our first month as a 3! In early July, we welcomed Baby Way to the world. Fingers crossed our spending for 3 won’t be significantly higher than it was for 2. We’re using reusable nappies, wipes etc so that should really help minimise the cost on disposable items as …
Monthly Spending – June 2020
Summary And there it is – our June spending – our final month on our own! Baby Way is now over-due and will be with us before the next monthly spending post. We’re really excited and looking forward to showing that it doesn’t have to be a crippling financial decision, as most of our peers seem to …
The Benefit of Salary Sacrifice Pensions
I recently went through an interesting exercise at work and wanted to share the findings here. Essentially, my company don’t offer salary sacrifice pension contributions and I wanted to persuade them to consider it! As you can probably tell, I'm bit of a personal finance nerd! I created a document showing the benefits of salary …
Monthly Spending – May 2020
Summary As lockdown continues, our May spending has been significantly impacted. We love seeing those zeros in the Transport category! Our total spend for the month was £1,700. This is well within our £2,000 target again. We break our main expenses down into broad categories starting with the big 3; housing, food and transport. Everything else …
Why We’re 100% in Equities
Our investment strategy has always been 100% equities, with no allocation to bonds or other asset classes. There are several reasons we came to this conclusion, which we want to cover in this post. When we say 100% equities, this is within our actual FI funds, which are housed in our ISA and pension accounts. …