Your financial rules.

[Rusty Nails]

Understand the difference between between cost and value.

That's a contentious one with cyclists.

 

[DCLane]

Unusually for a feller, I did quite well out of my divorce. Bejng a director for a large high street electronics retailer she was much wealthier than I, and being a copper I knew how to quietly gather evidence and had been doing so formsome time before I finally walked. I basically hung her out to dry.
... That'll teach her to get gang banged while Im at work.

I do not want to know how you got the evidence

 

[MontyVeda]

Don't gamble and don't get into debt has been my general rule of thumb.
My other rule of thumb is there's no point having money if you're not going to spend it.
Also, make sure you've got a 'boiler' fund. (I haven't)

 

[Electric_Andy]

I have rules but they aren't followed. We keep a spread sheet for bills which go into a bills account as soon as we are paid. But other than that, I try and save whilst my partner tries to spend! I have a safety net of around 3 grand which is when I get worried, but hers is more like 3 grand in the red. I'm not saying there is a right or a wrong, but different people have different ideas of whether you're flush or in trouble

 

[Buck]

As my granddad said to me “Save a bit, spend a bit and ‘ave a bit!” Sage advice I’ve carried with me.

Always know how much you have and what your income and expenditure is for at least the next year.

 

[slowmotion]

If you can't afford it, don't buy it or save up until you can.

 

[MontyVeda]

I have rules but they aren't followed. We keep a spread sheet for bills which go into a bills account as soon as we are paid. But other than that, I try and save whilst my partner tries to spend! I have a safety net of around 3 grand which is when I get worried, but hers is more like 3 grand in the red. I'm not saying there is a right or a wrong, but different people have different ideas of whether you're flush or in trouble

That's what I call the boiler fund... not that I needed a boiler fund because I've always rented, it's more just that wad that might be needed when the unexpected happens.

 

[ColinJ]

That's what I call the boiler fund... not that I needed a boiler fund because I've always rented, it's more just that wad that might be needed when the unexpected happens.

I have a friend who is currently potentially*** in need of a boiler fund, but doesn't have one! It is causing some stress with winter approaching...




*** 2 gas engineers did the 'sharp intake of breath, new boiler required' thing. I asked A.I. and then checked with a trustworthy gas engineer who was doing the annual gas safety check here. He listed the same list of potential faults that A.I. had come up with, with most of the repairs likely to cost £120-350. Only the worst-case scenario would necessitate a new boiler! It will be interesting to hear the outcome of his inspection.

 

[MontyVeda]

I have a friend who is currently potentially*** in need of a boiler fund, but doesn't have one! It is causing some stress with winter approaching...
*** 2 gas engineers did the 'sharp intake of breath, new boiler required' thing. I asked A.I. and then checked with a trustworthy gas engineer who was doing the annual gas safety check here. He listed the same list of potential faults that A.I. had come up with, with most of the repairs likely to cost £120-350. Only the worst-case scenario would necessitate a new boiler! It will be interesting to hear the outcome of his inspection.

All depends on the age of his boiler. The boiler in the house I'm buying has been deemed safe/functional but unserviceable due to rust. It is 20 years old so understandably at the end of its life. Downside for me is my 'boiler fund' got so big it turned into a deposit and once that's been paid, I'll have to start from scratch building up the new boiler fund.

I'll just have to pretend I'm back on benefits for a few months

 

[fossyant]

Also, make sure you've got a 'boiler' fund. (I haven't)

MrsF has always gone with the have three months salary fund, I haven't got it though, but that's the plan at present, and a boiler fund and a 'van maintenance fund' as it's warranty will be up soon.

 

[Pat "5mph"]

If you can afford to, retire as early as you can and get on with enjoying your life - you never know how long you have left!

Indeed this is what I'm planning to do.
Well, my aim is to retire at 65 instead of 67 but I have never been on great wages.
Through the years, I have paid off my mortgage, done all home renovations that needed done (just 2 bedrooms left now), while always having a few thousands back up.
This really made a difference when I was made redundant due to the pandemic and didn't work for over a year.
Then again, I haven't had new furniture in almost 20 years ... but I have got 4 bikes, umpteen battery operated gardening tools, a large cupboard full of kitchen gadgets.
Priorities!

That's what I call the boiler fund... not that I needed a boiler fund because I've always rented, it's more just that wad that might be needed when the unexpected happens.

Yes, good plan.
Home ownership always brings unexpected expenses, it's good to be prepared.

 

[FrankCrank]

Over this way, we spend a lot of our shopping trips inside mega sized malls, with all sorts of goodies to feast your eyes on.
I've found the best way to stop temptation is to give in to it.

 

[Emanresu]

Over this way, we spend a lot of our shopping trips inside mega sized malls, with all sorts of goodies to feast your eyes on.
I've found the best way to stop temptation is to give in to it.

Oscar Wilde - "I can resist everything except temptation."

 

[Drago]

I do not want to know how you got the evidence

Simple stuff. Like failure to delete sat nav journeys when Ive cycled to work and shes used my car.

No DNA testing required, thank God!

 

[slowereveryyear]

Unusually for a feller, I did quite well out of my divorce. Bejng a director for a large high street electronics retailer she was much wealthier than I, and being a copper I knew how to quietly gather evidence and had been doing so formsome time before I finally walked. I basically hung her out to dry.

I ended up with enough, just, to buy a two bedroom cottage outright, which saw me in good stead for a few years. Imalso managed to keep the new 7 series she'd bought me, which was quickly sold to buy a Peugeot 406 diesel and the change got banked.

Just to twist the knife I wrote almost daily letters to her solicitor, knowing full well she'd be charged a hundred quid just for receiving each one. I deliberately held on until quite late before getting lawyered up to stok her doing the same. That'll teach her to get gang banged while Im at work.

You could turn this into a TV mini series and make some more money