A recent news article by the financial times showed that annual income in the UK has reduced by 4.5%. An income shock, to economists, is jargon that means that something unexpected hits the economy. A negative income shock, such as what is occurring with coronavirus, is when the unexpected hit makes people worse off. This … Continue reading The “Income Shock”
This weekend we were supposed to be in France, enjoying an anniversary getaway. I had picked out a cute vacation spot in a small village I had been to once before, on the sea. So much fantasy, indeed. Life is currently so very different from my aspirations when I booked that trip. While I managed … Continue reading Week 5 of self-isolating
Life is messy. I don’t really know how else to put it. This month has been a series of small accomplishments for us and some very big challenges, mistakes, and rebalancing. I thought I would write them out here in case they are useful for you. Net Worth (was is the right number to use?) … Continue reading The good news, the bad news, and the all together news
What I was really hoping to write about this month is how we went from negative net worth to positive net worth. Instead, what I am going to write about is how we are slashing our expenses so that we can hoard cash and try to aggressively pay off debt thanks to coronavirus. The idea … Continue reading Coronavirus Budget Hack
So much has been going on, I don’t even know where to start. My spouse was diagnosed with an auto-immune disease just before his 40th birthday. The implications of his disease means that he will likely have mobility issues down the road, and now our financial independence has taken on a completely new dimension, as … Continue reading Curves in the Road
Each month or quarter, I am inundated by offers for services by my bank, other competing banks, insurance companies, etc.. When our house insurance came up for renewal this month, the insurance company wanted more than 100 pounds more than they did the year before. I found a much more competitive introductory offer by our … Continue reading Saving £100 on home insurance but saying no to 0%-balance transfers. Why is it different?
There has been a lot of talk lately on some of the groups and blogs about “F-You” money. I must admit that I haven’t really thought a lot about “F-You” money before because I generally really like my career. My job is (was) a pleasure. However, there have been a number of things at work … Continue reading A golden (financial) ratio or dog-paddle everything at once?
So I’ve been away for awhile on the blog but not in real financial life. I’ve been looking at, putting offers on, backing away from, and purchasing a house. It’s been crazy, to say the least. I started this blog because we didn’t know where to live. One of us works in the city and … Continue reading Househunter Insanity
In the last two months, three things happened: I finally got the elusive permanent academic contract We saw a 3 bedroom, 2 bathroom cottage house in a quaint country village that we both love and want to buy and can afford We spent a couple of days in London, ate delicious Japanese food, and decided … Continue reading My big (40th) bday present to myself — Me
Today I logged onto my bank account in the country that we used to live in and the balance was positive! OMG it is positive! I saw a little plus next to the balance and the little plus next to the savings account and I wanted to scream with joy! This is monumental for me because … Continue reading It’s positive (mostly)!