The Curious Case Of … How Good Are You With Your Money, Money, Money?!!

We have Rory aka A Guy Called Bloke to thank for this series.

The Curious Case Of … How Good Are You With Your Money, Money, Money?!!

Rory’s intro:

As l explained in the introduction to this new mini-series – The Curious Case Of … these questions have arisen due to the responses l received on one of the questions in the last game of  Fancy A Weekend Quickie?!!  which was What are five of the biggest mistakes that people make with their lives in your opinion

This one is right up my street as I pitched in with Job, partner, house, car, expectations of other people.

My Dad told me I could have anything I wanted as long as I saved for it, so in my working life I lived by the rule of thirds: a third of my bring home pay to Mum for my keep, a third into savings, and the rest mad money for everything else.
I am not obsessed with money, just very good at making a little go a long way, asking three pertinent questions before purchasing anything, and used to being on a low income.

When we bought our first house in 1990, we got caught in negative equity, that is having a house worth considerably less than the mortgage on it.
We were both working, and in six years, saved like stink, going without holidays, meals out, and anything more than the basic necessities so were thus able to not only cover the shortfall, but also our legal fees for sale and purchase, plus a deposit on the next property.
When I was made redundant in 2001, I used my final pay packet to halve our mortgage. Shortly afterwards, Hubby also lost his job, so we cashed in our endowment policy, used the remainder of our savings, and cleared our mortgage completely. It left us with about £200 in the bank but was the best thing we ever did.

Living frugally became the norm for us, and still is, which is just as well as we are now retired without a state pension thanks to the government extending retirement age for women in my age group by 6 years, and our health is dodgy so working is not actually on the cards.

Our three questions were
Do I want it.
Do I need it.
Will my life end if I don’t have it.
On the boat due to lack of space and storage, this was modified to
Can I eat it.
Can I wear it.
Where will I put it.
Now they are
Can we repair it.
Do we need it.

Can we afford to run it.

According to the government website, we are, income wise, in severe poverty, which I find very tongue in cheek under our circumstances.
Because we have no debt whatsoever, live within our means, plan ahead and I’m a year ahead of the budget game, we actually probably live better than a lot of people who are working with an income of ten times as much as ours. We meet all our bills in full, eat well, are warm and dry, own a car, and our clothes aren’t designer labels but they’re clean and presentable, like us.

My Dad was right, and although we needed financial help with the bigger things like a house (and a car at one stage) I don’t feel I’ve gone without having saved for it first. In some instances, by the time I had enough, what I wanted either no longer appealed or it was cheaper than I’d seen it and I had some money left over!

So in answer to Rory’s question How Good Are You With Your Money, I’d say I’m pretty damn brilliant!!


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! In November 2020, we lost our beloved 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. We now have three pictures of our fur babies on the wall as we found a snapshot of Kizzy, my GSD when Hubby and I first met so had hers done too. On February 24th 2022 we were blessed to find Maya, a 13 week old GSD pup who has made her own place in our hearts. You can follow our training methods, photos and her growth in my blog posts. 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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12 Responses to The Curious Case Of … How Good Are You With Your Money, Money, Money?!!

  1. You are indeed brilliant with money. Good going.

    • Thanks. All swings and roundabouts, and luckily for me Hubby is of the same mind. He can also fix most things so this saves time and money for repairs.

  2. murisopsis says:

    Yes you are! I’m frugal too and my thought was if I couldn’t pay cash for it then I really didn’t need it! It helped in my early career that I lived in the basement of the business – I was on call for all the animal emergencies and got a huge price break on the rent. Plus I had free laundry, telephone, and utilities! Couple that with the savings of not having to drive to and from work – I was able to save lots of money on my paltry salary!

    • Good for you! It’s amazing what we can do sometimes. I worked for a vending machine company and pies/pasties/sandwiches/cakes would come back from site and I could take my pick, which I did and brought home. Piles of chips for dinner or sandwiches for work/school as they were good for at least another day.
      Like you, if we can’t buy it outright, we don’t have it or need it that much.
      When Hubby and I bought our first house, I was entitled to a mortgage subsidy which was linked to interest rates so although I paid tax and insurance on the perk, it gave us an extra couple of hundred pounds in my wage packet.

  3. SarahC says:

    I like the questions you came up with on boat as we have lived in a camper over a year now….truly being picky about purchases for when we get into the home remodeled and the job of fixing things. Money’s always a learning curve😁

    • I hate the stuff having always worked with it. All those zeros were just numbers, and the only money that counted was what was in my purse or in my bank account. The boat was great though as we had everything we needed and were very comfortable.

  4. Sadje says:

    You’re very savvy when it comes to budgeting.

  5. aguycalledbloke says:

    Well answered Di, but also, wasn’t your career centred around figures as well? meaning you would be even more savvier than the average household?

    • My working life always had numbers in it, but my best job was as a financial analyst where I had to break down figures into various components, so I loved it! Saving money though goes back to my childhood as I was always making money boxes out of lego, and wanting a record player at the age of 13, I had to work for it. The only money that ever counted was in my purse or bank account, so I had to make that stretch.

  6. Carol anne says:

    thats wonderful Di! Its always good to be thrifty and save because you never know when you’ll need a little extra for something!

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