Thursday, 15 October 2015

H.A.I.S.L.O.S

Do you remember the acronym YUPPIES - Young Urban Professionals and then there was DINKY - Double Income No Kids Yet. Well, we are HAISLOS - Hardly Any Income So Living On Savings!

Virtually all our income streams have now finished or diminished to a trickle so now is when we start to live on the savings we tucked away all through the summer. We had a good season on the campsite, we sold loads of smallholding equipment and I had the unexpected pension pot payout, all this  spare cash  being put into an instant access account which, if we are careful, should see us through without having to touch the larger amounts in bonds, or what we put into ISAs in 2014.

I've purposely not mentioned much about house selling and viewings as it would have got a bit tedious, but there has been some serious interest  over the last few weeks. However no definite offers as they also have a house to sell and whoever buys their house will probably also need to find a buyer and so a chain builds with lots of potential pit-falls and delays. That's why we plan to be the upper end of the chain by either renting, buying an empty property to move into and prepare it for renting out or living in the caravan. As the cheapest place to live this winter is here on the smallholding we are not too worried about the wait, although if it gets to next spring without any signs of progress I may be tearing my hair out!

 I first wrote about our budget way back in 2013  and I find it very helpful to look at this budgeting list  every time circumstances change so I know exactly what will be needed.  My most recent  update was  in August  when we knew more about what was happening after health issues made us decide to sell-up. Now once again every item has been scrutinised to enable us to know what we can spare for travelling this month and what we need through until April - Surely the house will be sold by then...........



The first section - Council Tax and Water Direct Debits, both of these miss the months of February and March, The water bill for the campsite is due later this month. Electricity Bills are due December and March and the TV Licence is due in April.

The second section - The Campsite and Smallholding business - was an outlay of over £200 a month, now this will decrease to just petrol for the chainsaw and mower and diesel for the tractor.

The third section - The Car - MOT and Tax due in February, Insurance due in December. When we are at home  the amount of diesel we use is very little. Obviously it's more for pulling the caravan and having holidays but nowhere near what we used to spend on the Jeep Cherokee.

The fourth section - Everyday Expenses - I've cut the food spending by about £25 - £40 a month.
 We have enough coal and wood for heating and hot water and enough bottled gas for the hob to last us through until we sell.
 Cols prepayment prescription card isn't due until next May. House Insurance due in March. I'm still using postage stamps stockpiled before the price went up last April but I will need stamps for Christmas cards.
There are 2 of our Children's birthdays due before Christmas and then I will need money available for Christmas pressies for 3 Children, 3 partners, 2 sisters, 1 brother, 2 brothers-in law, 2 nephews and 1 niece and one Dad plus small gifts for a few friends.
 We won't need to spend anything on things for the house unless something breaks down.

The fifth Section - Extras that make life interesting - We joined the National Trust while we were away and I'm looking at this as an investment for the year ahead as it will allow us access to lots of interesting places without anymore expense - if we feel in need of a day out locally during the winter/spring we have several fairly local NT sites. I don't need any craft materials or books and we bought sacks of peanuts and bird seed mix from the feed mill when we last got chicken feed - enough for most of the winter. Christmas treats will be kept to a minimum - no extra decorations or tree needed, just a few bits of different food.

When you have a limited income it's vital to know what outgoings there will be and where you can shave bits off if necessary. Yes, we are lucky we have a home worth a lot of money, we have the back up of savings but we also have several years before we get a regular pension.

Back Soon
 Sue

24 comments:

  1. HAISLOS! That did make me laugh - and very apt! We are in a similar boat: 20 months for OH to get his pension, but a disputed term for me: apparently not until 2021 although I think it should be 2019 - I'm arguing with them at the mo!

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    1. They moved the goalposts for both of us here , Annoying

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  2. I love your HAISLOS I think it could catch on, at least you ave a postive enquiry on the house I hope it pans out for you and having had a good year with the camp site will stand in good stead with the selling as well :-)

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  3. Fingers crossed for a sale by spring. Having a good campsite season will surely help with the sale. We will be living on our private pensions and savings next year and although we won't be poor we will need to keep a check on things. Reading blogs like yours has helped me try new things and I feel more confident about our retirement.

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    1. The thought of still being here when it's time for campsite opening is a bit worrying.
      Thank you for saying the blog is useful, I've learned loads of things since I started reading blogs too

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  4. I read that as halitosis at first ..... I'm obviously getting dyslexic with age ;-)

    Your budgeting and keeping an eye on things is obviously about to stand you in very good stead, as it has for the past few years. When push comes to shove and belts need to be tightened it's having your finger firmly on the pulse of where the money goes that makes all the difference.

    Next year for us is about reigning everything back and having a huge savings push, to try and get our mortgage paid off ready for LH giving up the day job in March of 2017. We need to prove to ourselves that our plans have been thought out properly and tweak them were necessary to see what we really need to live on. A whole year of needs and no wants after this expensive year of all the alterations and additions.

    It looks like we could be inspirational for each other, I'll be following you will you live with HAISLOS with interest.

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  5. Thank heavens you both have such a sensible outlook on finances. You seem to have it all in hand providing things fall into place. I'll keep my fingers crossed that the recent interest amounts to a firm offer soon.

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    1. Careful or mean that is the question! :-)
      Unfortunately the people interested in buying have a difficult house to sell - within spitting distance of a busy main road, it may take a while

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  6. I'm probably being dense here but if either or both of you are 60 or over, you should be getting free prescriptions.

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    1. I'm Free! my toy boy has another year and a bit til 60

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  7. Sue, as a matter of interest, if Col had not encountered his recent health problems, do you think you would have decided to sell up at this point in your lives?

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    1. No we would have stayed and pottered about here making an income from campsite, eggs and veg etc, It's only when someone has heart problems you start to think that life doesn't last forever.

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  8. You are doing a fantastic job keeping a close eye on your finances and it certainly seems to have served you well. Fingers crossed for positive news on the house selling. We find NT membership is money well spent. There are so many fascinating places to visit. X

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    1. There are several NT places not too far away with second-hand book shops - That's where I'm planning on going!

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  9. Sue, you have frozen and bottled, jammed and chutneyed all through the year and I so admire you for it - you should have such a lot of home-produced food to eat over the winter and that should stand you in good stead too.

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    1. No jam and chutney shortage here that's for sure!

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  10. Good of you to keep track of where the money goes, so you know where you can cut back, even more, if needed. I hope the house sale goes through without any complications and worries.

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    1. It would be good to find a buyer soon. Fingers crossed.

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  11. Oh the dreaded chains! Wishing you the best of luck, it's like being in limbo isn't it and I am only just beginning the whole process. Once you make up your mind to move you just want to get on with it. I will also be considering renting for a while just to ease the whole 'chain' nightmare if it happens. We have a viewing on Monday so hopefully it's not just someone who wants a 'sneaky peek'. Keeping my fingers crossed for you.

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  12. We have just sold our place in NZ (lovely house but took 18months to sell) and move back to the UK in less than two weeks, so I know what you are going through. Packing, last minute things to sell, the list is endless! Hope you sell quickly xx

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  13. You'll manage...you'll cope, and you'll come out the other side...says she who appears to be in a long dark tunnel at the moment! Jackie. X

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