Reducing our use of plastic progress report

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French markets are the loveliest places to shop

Shopping has always been a minefield.  We have tried to use our buying power [small though it is] as a force for good for a long time, balancing our desire to do as little as possible to damage the environment and workers rights alongside our need for quality and to save money for retirement.  Recently we have been constantly reviewing how we can avoid plastic packaging as much as possible and I have blogged before on how we manage all our shopping by bicycle [even through the winter].  The cycling is easy, avoiding plastic packaging is the tougher call.  For years we were part of a vegetable box scheme that supported a local organic grower and every week was a ‘Ready Steady Cook’ week as we ate whatever vegetable arrived.  This is no longer an option and we have joined the masses trying to find supermarket vegetables that are not wrapped tightly in plastic.

The need to save money had taken me to Lidl and Aldi for all our shopping but these supermarkets lovingly wrap most of their fruit and vegetables in heaps of plastic; even the spring onions come in a plastic bag!  Fortunately, I now have time to move around the supermarkets for different items.  Our four local supermarkets sell lots of vegetables such as broccoli, carrots, potatoes, peppers and onions loose but only our local Tesco sells large bunches of coriander and parsley that are not in sealed plastic, whereas Booths [a wonderful northern supermarket institution] is where I can fulfil my desire for cherry tomatoes and gorgeous tasty large flat mushrooms.  I take a cloth bag on my shopping trips to help carry these items home.

We have now not only given up shop-bought hummus we have also given up all those plastic wrapped meat-free slices for sandwiches and we do without.  The only convenience food we buy is Linda McCartney sausages that come in cardboard boxes [no plastic and they taste the best, hurrah!]   But there are plenty of things there are no alternative for; Mr BOTRA isn’t able to give up his need for packets of crisps, although he has reduced his consumption and, although we make most of our own bread, so no plastic there, we’re not prepared to do without hot buttered crumpets for occasional breakfasts.  We are certainly not perfect; sometimes we splash out on expensive butter wrapped in paper, but sometimes we save the money and throw in to the bin the combination of foil and plastic the budget butter comes in.  We don’t have the space or a supplier for bulk pasta and rice [and even in bulk these items come in a plastic bag].  For non-food items we try and keep the cleaning ‘stuff’ to a minimum; it is easy to buy washing powder in a box but washing up liquid still comes in a plastic bottle.

Looking at the spreadsheet, it seems that although we’ve moved away from the cheaper supermarkets for our vegetables, by giving up the [often expensive] convenience foods our food bill hasn’t increased over the last twelve months and so we can stay within budget.

 

Staffordshire oatcakes & The Roaches: an almost perfect combination weekend

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Looking over the Mermaid Pool to the Roaches and Cloud in the distance

Almost anyone living near Leek on the edge of the Peak District in North Staffordshire will have been bought up to enjoy Staffordshire Oatcakes for lunch and breakfast.  Leek oatcakes are not the paper-thin oaty imposters you can buy in the supermarket, these phonies give only a hint of the deliciousness of the oatcake.  The ones to buy and savour are the thick and fluffy oatcakes that you must travel to Leek to find at the simply named ‘Oatcake Shop‘ on the edge of the town.  We generally return from this area with a dozen for the freezer to satisfy our cravings until our next visit.  Oatcakes are a local delicacy that existed before the UK had ever discovered the wrap and they are perfect hot or cold and rolled or folded with all sorts of fillings, although our favourite remains grilled cheese.

Leek is a small market town surrounded by hills and the Roaches, an outcrop of gritstone crags that rise from the heather moorland above the town.  If you don’t get to the Oatcake Shop in time to buy your oatcakes you can always call in to The Roaches Tea Room to enjoy an oatcake lunch there while taking in the splendid view over Tittesworth Reservoir.

We had a great and restorative weekend in this area.  On Saturday we walked along the disused railway line between Rudyard and Leek and I reminisced about the days when this walk was my commute to work.  On Sunday we walked from Flash to Three Shires Head where Staffordshire meets Cheshire and Derbyshire.  Flash claims to be the highest village in Great Britain and as children we learnt that it is where the term ‘flash money’ came from.  At the remote Three Shires Head criminals could easily jump from one county to another to escape arrest and this may have led to it being an ideal spot for illegal activities, one of which may have been counterfeit coins.  Three Shires Head is one of my favourite spots but on this Sunday it was noisy with the sound of scrambling bikes and the air was heavy with the smell of two-stroke oil that took me back to my motorcycling days.  I am always impressed with the skillful handling of motocross riders but the pretty and generally peaceful spot of Three Shires Head is not an appropriate place to practice this sport.

We stayed at Goatfell Farm, a Caravan Club Certified Location at Bottomhouse near Leek for £13.  This lovely and welcoming site sits in an open field and we had a glorious sunset across the fields in the evening and we tried a bit of star gazing in the clear night away from the city streetlights.

 

Premium bonds, are they still worth it?

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We have a spreadsheet that tracks our savings [of course], where they are and what they are earning.  One strand of our savings is a chunk of premium bonds and what this lovely spreadsheet reveals is that the amount of our winnings from these premium bonds has decreased [okay let’s be honest, it has halved] over the last three years.  In 2014 and 2015 we received a return of around 1.5% from our winnings on the fluctuating amounts of premium bonds we held but last year our return was only 0.75%.

I was bought up in a rural post office and so have always been a little sentimental about premium bonds as before the internet it was the local post office where you bought your premium bonds.  My parents were in a premium bond club, where a handful of neighbours pitched in every week and bought a premium bond for one member of the club, this way they received a premium bond every month or so.  I remember the excitement at home when they occasionally won a few pounds.  I have also long had a soft spot for ERNIE, the Electronic Random Number Indicator Equipment that chooses the winners each month but it seems ERNIE doesn’t have the same loyalty towards me and it might be time to part company.

And yet, we will miss the excitement of the win.  These days we receive an email when one of our premium bonds has been chosen by ERNIE and there is always much heart pounding and nail biting in the BOTRA household until we have checked our account, followed by inevitable disappointment when we find we have not won a life changing amount but just another £25.

In the  Money Saving Expert article from October 2016 premium bond winnings are discussed.  Apparently premium bonds are the number one saving product in the UK, with over 21 million people having at least one, although no doubt many of these people have forgotten all about the one or two bonds they own.  Although any winnings are still tax free, the changes to tax on interest in the UK make this aspect of premium bonds less appealing today.  The article describes much better than I can that, although the annual prize rate is currently 1.25%, this does not represent the winnings you are likely to receive and that with £31,000 saved in premium bonds each month one in 240,000 people will win nothing at all.

Premium bonds are really a lottery [after all there is a chance of winning anything between nothing and a whole shed load of money] but at least it is a lottery where you don’t lose your capital.  Mr BOTRA and I have agreed that sentimentality is not always the best way to decide where to save and despite my childhood memories of premium bonds the numbers are pushing us to reconsider this aspect of our savings.

 

Camping under Penistone Hill near Haworth

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Free camping above Lower Laithe Reservoir near Haworth in Yorkshire

I couldn’t really believe it is ten years since we had visited Haworth in West Yorkshire but Mr BOTRA’s diary doesn’t lie!  And yet despite this evidence I still think this is a place I am very familiar with and that we visit regularly.  Of course, over the years we have spent lots of time walking on the moors around Haworth but somehow it had recently fallen off the list of go-to places.  We put that right recently and spent a night with a lovely view over the valley in a lay-by on Cemetery Road underneath Penistone Hill.  In the evening light we had a stroll through the lovely village and walking up and down that steep cobbled hill window shopping.  As has always been our habit in Haworth we also walked through the church yard and gazed across the gritstone graves and the trees to the Parsonage.  There is no doubt that Haworth will always be associated with the three Brontë women, Charlotte, Emily and Anne and the novels they wrote were a significant part of my teenage years and stories I return to.  The Parsonage is currently celebrating 200 years since these three and their brother Branwell were born between 1816 and 1820 with all sorts of events.

As it has [apparently]  been so long since we had visited Haworth we chose to walk an old favourite and followed the paths to the Brontë Bridge and Falls, most certainly walking in the footsteps of the Brontë sisters as it is known this was a favourite spot.  We climbed above the falls and followed the Pennine Way on to the higher moors to Top Withins.  Since our last visit this isolated and ruined farmhouse that gives a sense of Wuthering Heights has been somewhat restored to prevent it from falling into further disrepair.  We returned on a different route over the moors that was quieter and as light snow flakes drifted around us it was a perfect place to be despite the cold.  By the path we found a recently dead hare; we normally spot these animals leaping across a field and to see one so close up revealed the beauty of the animal and the strength in those long back legs.

A brew and a slice of home-made cake back in the campervan soon restored warmth to our limbs before we drove home, vowing not to leave it another ten years before we visit Haworth again.

 

Let The Day Begin

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Black Rebel Motorcycle Club’s fantastic version of the optimistic tune ‘Let The Day Begin‘ [originally by The Call] was a great way to bring in 2017.  BRMC’s reverberating cover is more to my taste than the original and was included on the Spectre At The Feast album in memory of their singer/guitarists father and band mentor, Michael Been.

Here’s to the babies in a brand new world
Here’s to the beauty of the stars
Here’s to the travellers on the open road
Here’s to the dreamers in the bars

The song reflected my mood of waking up eager for each day to begin.  Mr BOTRA has returned to work for another eleven weeks and so my days are free for me to structure in the way I want to and I am enjoying the liberation of not being tied to the work laptop and phone.  If I waste a day doing nothing there will be no one to tick me off.  Of course, I have articles to write, people to see, trips to plan and litter to pick up but I do these all out of choice and no one will be performance managing me, except myself.

It is January and so it is also time to sum up our finances for 2016.  Mr BOTRA and I had a joint income for 2016 of £36, 747.  We spent this in the following ways [2015 figures in brackets]:

  • Groceries 7% [8%]
  • Concerts, theatre and meals out 7% [6%]
  • Bills for the flat & running the campervan 12% [20%]
  • Holidays & campsites 14% [12%]
  • Everything else [gifts, clothes, stuff, public transport & healthcare] 19% [18%]
  • Savings 41% [36%]

We have made some good savings on our electricity and gas bills by moving provider to Ovo, on our broadband by changing to Hyperoptic [although we got a new customer deal and so this will no doubt be more expensive next year] and we saved on our house insurance through the Caravan Club.  Fortunately, our two year old Renault campervan hasn’t needed any maintenance.

We are happy that we spent £23,603 on our living expenses during the year as this means our budget of £27,000 for our first year of retirement is looking realistic.

 

Looking forward to a new life

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The wonderful Bundestag in Berlin

It is that time of year when I instinctively look forward.  Yesterday we celebrated the winter solstice in our usual way by watching the sun rise over the river Irwell on the shortest day of the year, happy to know that the days will now start to get just a little bit longer and spring and summer are on their way.  After the sunrise we treat ourselves to a leisurely breakfast before going on to work.  So it feels fitting in this forward-looking time that the day I have been dreaming about since I was 16-years old and started my first working day as an optician’s receptionist has arrived.  That 16-year old wanted retirement immediately with all the impatience of youth and truly [and mistakenly] thought it was wasted on the elderly!  Now, at the age of 57, I am equipped both financially and mentally, for taking life easier and I am looking forward to my new life as a retiree.

It has sometimes felt like a long slog through over 20 different jobs but it feels appropriate that on my last working day I will be busy producing another beautiful spreadsheet for the organisation; I will never stop getting a thrill and joy from what Excel can do and how clever it is.  As I beaver away I will be mulling over my working life; how for over 40-years I have had to get up when work dictates, rather than when my body is ready; I have had to follow orders and regulations, no matter how stupid they might seem and I have sometimes felt that it is my employer that gets the best of me, rather than my family.  I have experienced the drudgery of working for the ‘man’ and the independence and uncertainty of self-employment and in between I have been grateful to find sympathetic employers that gave me the right balance of freedom to be creative and a strong framework of support that allows me to give my best.

Of course, I am celebrating today as my ‘retirement’ marks the end of daily nine-to-five office work.  But my future won’t be completely idle as I will continue to be a travel writer.  This certainly isn’t as glamorous as it sounds but is a passion of mine that I can work on when I wish and is by no means a full-time job.  There is also a liberation in knowing that if I write something fit for publication I receive payment, if I don’t, well it’s not the end of the world because we have those savings.  I feel very lucky to be moving in to this new and exciting stage of my life.

 

 

Christmas glitter & a failed minimalist

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More pictures from #lightwaves16 at Salford Quays

Despite claiming that I try to be something of a minimalist, I have a number of guilty secrets; 30 books I have read but keep because I might want to read them again; a wardrobe with more than 33 things in it and all sorts of other sentimental clutter.  I have certainly failed to meet the minimalist standard.  I don’t have a huge wardrobe and with clothes I do [mostly] only keep things I like and wear, even if an item doesn’t get an airing very often [the exception is the frock I wore at my graduation that sentiment still hasn’t allowed me to throw out].   I like well-made and comfortable clothes and have ditched anything that requires ironing as having an iron-free life is important to me.  I have items of clothing that I hope will last me the next 25-years or so until I die [assuming I make it to my 80s].

This weekend I surveyed my wardrobe wondering what to wear for our Christmas meal out with friends.  I picked out my ‘Christmas’ top and wondered how long I had owned this particular item.  I knew there was a photograph of me wearing it at a NHS Christmas meal; I am sitting between two lovely colleagues at one of Preston’s swishest nightspots and we are resting after dancing, in front of me is a large glass of wine.  I searched through the computer and found the photograph dates back to 2003.  I know that the top wasn’t new then, so I reckon it is at least 14 years old but despite its age I still think of it as my ‘best’ wear.

Owning good quality clothing makes me happy.  This deep-lavender coloured top is from Laura Ashley, is well made and I think / hope it will last me to the end of my days.  It was bought by my lovely partner as a gift when 3/4 length sleeves were the fashion – a real bonus for those of us who are on the short side as there is no need to fold over the sleeves.  The fabric is velvety and has a self-coloured paisley pattern within it.  When I pick it out of my wardrobe I immediately think of Christmas parties I have worn it at … yes I am far too sentimental to be a true minimalist but you can’t accuse me of wasting money.

 

 

Do we have enough to afford retirement?

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Pink sea thrift or armeria maritima

Which suggests around £25,000 – £30,000 a year is enough to retire on and be content and who are we to argue.  Other unspecified experts suggest 2/3rd of your working income is required for a happy retirement.  I have decided to share the details of our retirement income and savings on the blog to help others on a similar journey.  I know our circumstances are peculiar to us and what works for us won’t necessarily apply to you, whatever these online calculators and column writers suggest we are all individuals and what we feel we can live on and have managed to save will be different from anything you can and want to do.  But the information might inspire you or make you re-think your own ideas for financial independence and early retirement.

There are four reasons why early retirement for us has become possible.

Reason number one – downsizing
By 2008 our son was settled with his partner and we were able to sell our family home and down-size to a small flat that was cheap enough to buy mortgage-free [hurrah!] with enough left over to pay for the campervan [double-hurrah!].  The flat is also cheap to heat and run and so contributes to reason number two.

Reason number two – frugal living
Although I am grateful that a company is willing to pay me to give my time and do stuff I have the skills to do, my own income as a travel writer and administrator is below the average in the UK [currently £26,260/year gross].  Jointly we currently receive around £36,000 a year net from our different occupations.  I [honestly] cannot say that we are ‘ultra-frugal’; we have lots of holidays, eat out occasionally, go to gigs and plays, don’t always shop at the cheapest supermarkets and generally enjoy ourselves.  But the main thing is that we spend less than we earn.  Over the past six years [since returning from our ‘gap’ year] our average annual spending has been £24,125 a year [about 2/3rd of our income] and we have saved the rest.

Before we can retire our savings need to be sufficient to cover a period of nine years [see below].  After many modifications and adjustments we have come up with what we hope is a generous budget for retirement of £27,000 a year.  This is more than 2/3rds of our current working income but is near the half-way point of the Which figure above.  Because we have lived fairly frugally over the past six years and we are naturally cautious we wanted to have a bit of expansion room in our early retirement ‘income’.  We have estimated that this amount will be enough for monthly meals out, cultural stuff and [most importantly] travel in the campervan [we are not planning lots of long-haul flights].  It should also be enough to cope with most small household crises [for example buying a new washing machine] and for any larger problems we have a contingency fund of £15,000.

Reason number three – we have pensions
We have saved sufficient to cover our ‘income’ for the years from 2017 to early in 2026.  In this momentous year all of our various pensions [none of them very large] will provide us with an income of a similar amount.

A quick bit about our pensions.  We both have public sector pension that are final salary pensions and often described as ‘gold-plated’ in the media.  I have worked in the NHS for around thirteen years of my working life and for this will receive just over £2,000 a year [not even copper-plated really].  Mr BOTRA will have 30-years service in higher education and so will receive a more useful pension of around £12,000 a year.  In addition I have a couple of small private sector pensions from about eight years in the charity sector that might bring in a few hundred pounds a year but will be dependent on the annuity rates at the time.  I am ashamed to say that for many years I didn’t even save towards a pension but you live and learn.  According to the current forecasts our state pensions will make up the rest of our income.

Reason number four – the inheritance
Inheritance doesn’t sit comfortably with us but there is no doubt that when a close relative died we inherited enough money to bring our retirement forward by about five years.  Some of this inheritance came from selling a house but we also maximised the money by working hard to sell his 170+ paintings, 250+ ornaments and many other collectables.  There was a four-month period in 2014 when we spent our evenings and weekends learning about fine china and collectables, placing detailed adverts on Ebay, packing delicate ornaments and posting them to far-flung destinations.  We dealt with dealers and enthusiasts to make the most of what we had been given.  We are truly grateful for the opportunity this money has given us and as the money came from a relative who enjoyed a long retirement from his mid-50s and spent his money on lots of holidays I like to think he would approve of our choice of how to spend the money.

 

 

 

 

 

I am lucky to be able to choose when I finish work

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MRS ONL did a thought provoking post recently that highlighted how many people don’t get to retire when they would choose to.  The post was very timely as the small charity I work in has been going through difficult financial times.  I have told you about these problems before but things have become considerably worse since I gave notice of my impending retirement [these things are not related]!  Every week communications are sent out about someone else who is being made redundant; people who are skilled and dedicated workers who have given so much to the charity and each one of them brings me pain; to say that I feel I am leaving a sinking ship is to understate how fragile this organisation feels at the moment.

Mr BOTRA commented that if I could have hung on a month or more I might have been made redundant too and he is right, I am sure they will move on to the lower grade post when they have finished getting rid of the management tier.  And yet I feel pleased that I got in first, not only to save the charity I work for having to find the few weeks salary they would be obliged to pay me as redundancy pay but also for my own dignity; everyone knows that I am leaving to retire and it is my choice; I haven’t had the stress of ‘consultation’ interviews and competing for the one remaining post.  Other colleagues have not been so fortunate, are not leaving out of their own volition and will be going straight in to job seeking, a particularly tough activity during the festive period.

I don’t want to criticise the work of the charity, the services it delivers are extremely high quality but unfortunately the higher management took the somewhat reckless decision to grow and spend beyond the secured income a few years ago and individuals are now paying the price for that over-stretching.  The new management is taking control of the situation but many good people are being thrown out in the process.

This all really brings home how important having some back-up savings are for those times when employment let’s you down.  I feel privileged to be choosing when I can retire and I am very sad that I have colleagues with an insecure future.  I don’t intend to sound self-pitying, as I realise how fortunate I am, but leaving a despondent and bruised organisation means that certainly none of them will have any interest in joining my retirement party and there will be no one left to care enough about buying me a retirement present.  I will be able to slip away quietly and I think that is most appropriate in the circumstances.

 

 

 

I can’t wait to start spending those savings

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You might expect that as someone who has been saving for some years, firstly for a gap year and more recently for early retirement I am approaching the period when I have to start spending all that money with some trepidation and reluctance.  Instead I find that I am eager to start spending those savings.  I think this is for two reasons; firstly I think that money is only there to spend and I am somewhat uncomfortable earning more money than I need and so having spare money to save; I will be happy when we have just enough. Secondly, of course, the spending period of this early retirement project is the whole point; for me saving isn’t what defines me and money is only saved to be spent in the future.

Looking back I have only ever successfully saved for something when I have a clear goal in mind.  Since the early years of our marriage when the washing machine broke and we didn’t have enough money to buy a new one, we have always aimed to have at least £300 [for that washing machine] in a savings account.  We have prioritised saving for holidays [even when we had very little] for many years, we saved to buy our first campervan and we saved energetically to have our gap year in 2009.  Since returning from this gap year we have worked hard to put money aside to retire.  But apart from these periods of active saving I have generally been a spender and I am looking forward to returning to being that person.

This isn’t to say I want to throw money away or spend money on unnecessary stuff, I have never really been one of the world’s best consumers.  Although I certainly can’t reach the minimalist goal of owning just 33 items of clothing I don’t like owning surplus stuff and I am happier finding second-hand bargains than buying new.

I don’t feel that saving [or spending] money should define me.  I am keen for us to become a none-paid-work couple who have just enough money for our needs and no more [with a little in a contingency fund for that washing machine] and we can work our way through the savings, watching them dwindling as each year passes.  To me, this situation has a harmony; we will be financially secure but not rolling in it and we will be time-rich.  I think it is possible I might get a bit of a thrill if we are super-frugal and finish a year a few hundred pounds below our annual budget … but then if we do manage to do that I will want to celebrate by spending it on throwing a party!