Just for me: Frugal

Fandango’s one word challenge today is FRUGAL.

If I was a stick of rock candy, you would cut me open and I’d have this written right through me.
Growing up, us kids never went without the important things, though it wasn’t until I was an adult that I realised and fully appreciated the sacrifices Mum and Dad made for us to have them.
I was always a saver, not spending anything unnecessarily, then when I really needed something, the money was there without having to borrow it. Larger things like a house and car needed some professional financing mind!!
Saving today is a joke as there is no incentive……… I actually have a preferential rate on my savings account, and that is…….. wait for it, wait for it ……… point 25 of one per cent.
Put that into monetary terms, every one thousand pounds in said savings account for a full twelve months will attract £2.50 in interest. Wow…. not.

Hubby and I have always been frugal in the way we live. It hasn’t necessarily been a bad thing, but we got caught in negative equity with our first house in 1990 so counting the pennies became second nature. The only extravagance we had was 1999 to 2006 when we had new cars every couple of years because we were both in good jobs.
Following redundancy and a change of lifestyle, this was one of the first things to end, and when it was announced that we would have to wait longer for our State Pensions (me an additional 6 years), then the frugal bug took hold again and we lived accordingly.

The boat was simplistic living and our frugal spending habits the norm by now, so the transition from house to water wasn’t as catastrophic as it could have been.
Moving back to land in 2017 worked out OK even though we had nothing so had to start building a home from scratch. We were doing well with the moving budget until we discovered we needed a new boiler and that took the rest and entire furniture pot.
My skill of money management was tested again when Hubby’s disability was reduced by 60% and our income diminished by £2000 a year.

According to our government’s website, we are considered to be in severe poverty. Living frugally is therefore not a choice, but fact of life for us and we manage with no handouts or help with household bills because basically, we don’t qualify. It is indeed a blessing that we have no rent or mortgage and don’t owe a penny to a soul. If we can’t afford to buy it, we don’t have it.
How other people on low incomes are coping, especially those with families , mortgages and debts to pay, is beyond me.

About pensitivity101

I am a retired number cruncher with a vivid imagination and wacky sense of humour which extends to short stories and poetry. I love to cook and am a bit of a dog whisperer as I get on better with them than people sometimes! We have recently lost our beloved dog Maggie who adopted us as a 7 week old pup in March 2005. We decided to have a photo put on canvas as we had for her predecessor Barney, and now have three pictures of our fur babies on the wall as we found a snapshot of my GSD so had hers done too. From 2014 to 2017 'Home' was a 41 foot narrow boat where we made strong friendships both on and off the water. We were close to nature enjoying swan and duck families for neighbours, and it was a fascinating chapter in our lives. We now reside in a small bungalow on the Lincolnshire coast where we have forged new friendships and interests.
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11 Responses to Just for me: Frugal

  1. ruddjr says:

    Not having any debt is great! It’s something my parents and grandparents lived by.

    • I paid off half of our mortgage with my redundancy pay, then when Hubby lost his job the following year we cashed in our endowment policy which had been wiped clear of all profits due to the financial crisis at the time, added it to our savings and paid off the rest. It left us with about £200 in the bank but was the best thing we ever did.

  2. Liz says:

    It’s same with me, if I can’t afford to buy, I won’t have it. I don’t pay anything on weekly terms for something I want. I buy straight out, or do without.

    • Best way IMO in today’s world Liz.

      • Liz says:

        Yes. I have always been like this. I have known money shortage from childhood, so if I extra money to pay for day trips, or a 5 day holiday in the UK as I have done one time then I consider that a luxury.
        Day trips were luxury as a child. They didn’t happen every year, but if I got to go on one it was a luxury to me.

      • We had a couple of camping holidays, but when I was at grammar school, the school holidays were spent helping Mum out at the cafe/sweet packing place so I was earning extra pocket money. Out of my £5 wages, I gave her £2, saved £2 and the other £1 was mad money, lunches, and bus fare. Those were the days!!!

  3. murisopsis says:

    We have been frugal for a very long time too. Sparky adjusted to my way of living after he discovered that I had twice as much $$ as he did even though I was working for minimum wage. With the frugal mind set we bought and paid off the house and saved money so that we have bought our cars with cash since 1985. I have 3 years before I have to start taking my pension and 12 before I get a social security check (if there is even a social security fund left)!

    • I’m glad I took my bank pension at 50 as it’s my only income other than two tiny annuities, but I won’t get my state pension until 2022, provided they don’t move the goalposts again.

  4. willowdot21 says:

    It’s never easy is it 💜

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