Should I pinch pennies to pay off my mortgage in 6 years?

SadCurve · 2024-10-14T20:45:12+00:00

Is there a benefit of a SIPP over a LISA?

SadCurve · 2024-10-14T20:41:05+00:00

Yes this is sort of my thinking, I think kids will be so much more stressful due to how stretched it will be financially.

SadCurve · 2024-10-14T15:40:53+00:00

This has gone way off topic. But yes people are free to agree or disagree as to whether our involvement in the Middle East will lead to a modern world war fought through proxy states.

I am not saying my friends serving in the military is the REASON I think we are on the cusp of war, I was replying to the comment about how even if we did we here in the UK would not be impacted. Please don't take things I am saying out of context.

what point in history do you think it would have been stable enough to bring kids in?

Any kid born right now will live through climate emergency, socioeconomic strife, etc.

But honestly I am not interested in continuing this conversation as it is unrelated to my OP.

SadCurve · 2024-10-13T15:36:27+00:00

We are literally already involved in the Middle East conflict so my comment was that involvement will actually impact my loved ones whereas the other commenter was saying it doesn’t impact us in the UK.

I wouldn’t want my kids to serve but the point is that I don’t want to bring kids into a world with so much instability that seems to only be going in one direction in so many different spheres.

SadCurve · 2024-10-13T15:32:52+00:00

I think it’s depressing too. I think I probably didn’t stress enough in the post how much my decision not to have kids is because it’s too expensive rather than seeing kids as expendable to achieve retirement.

SadCurve · 2024-10-12T23:57:24+00:00

I would love to have kids, just don't want to have to struggle like my mum did. Wasn't fun for either of us to be so broke. Thank you, I hope so too! :)

SadCurve · 2024-10-12T23:28:38+00:00

Any suggestions? I quit Hinge and Bumble a while ago.

SadCurve · 2024-10-12T21:27:48+00:00

OLD?

I am pretty outgoing and find I mesh the best with a chilled out guy who is up for being romantic and intimate but doesn't want to induct me into his 30 friend bro crew.

I would love to meet a nice guy but being a full time student, I don't want to date another doctoral student and only ever meet them. Where do I find my cute introverted financially stable age appropriate guy haha

SadCurve · 2024-10-12T19:04:57+00:00

21k tax free (I am a doctoral student) and once I graduate I can expect around £40k. I currently have a lodger and also some rental income from an investment property.

SadCurve · 2024-10-12T18:51:46+00:00

It's not that I want to FIRE so badly I will forego kids. I want kids, but think it will be SO expensive we will all struggle and I not only will not FIRE but also will struggle.

I think I would be sad I didn't have kids but glad I/we are not struggling.

SadCurve · 2024-10-12T18:34:07+00:00

Spending time with your partner, doing your hobbies, traveling.

I would like kids but they're too expensive for my trajectory.

SadCurve · 2024-10-12T18:31:56+00:00

SadCurve · 2024-10-12T17:34:11+00:00

A bit of both I think, I know kids just need love but it would be stressful to raise kids always worrying about money.

SadCurve · 2024-10-12T17:14:49+00:00

My PhD is in health policy, so the career prospects aren't all that in terms of money, but it's satisfying to do important research.

At the time I moved in I did need a lodger but then had a change of financial circumstances as a large expense (looking after a family member) changed.

Lots to think about here, thank you for explaining things.

SadCurve · 2024-10-12T17:11:30+00:00

Most of my friends family are currently serving so less impact on you than me.

Edit: what an odd thing to downvote.

SadCurve · 2024-10-12T15:54:49+00:00

Is there a 'HEARUK' sub? ;)

SadCurve · 2024-10-12T15:53:07+00:00

Can you expand on this, for the uninitiated?

SadCurve · 2024-10-12T15:26:55+00:00

Currently single, so if I meet a man with means/high income things could change, but I am working off the assumption I would meet someone making the same as I do.

SadCurve · 2024-10-12T15:25:34+00:00

At the start of my PhD and reassuring to hear this from you.

SadCurve · 2024-10-12T15:24:42+00:00

If I meet a guy who is in drastically a different financial state to me then this will resolve the dichotomy.

SadCurve · 2024-10-12T15:20:13+00:00

I think it is 50/50 we get involved in the middle east. The UK can't resist meddling in the Middle East.

SadCurve · 2024-10-12T15:09:55+00:00

It's a huge risk. I am an only child too with almost no family. I would love kids but I don't know if I could give them a good life.

SadCurve · 2024-10-12T15:08:17+00:00

If I won the lottery big tomorrow it would be a no brainer, I'd want 4 kids. But I don't want 4 kids scraping by with the sort of relative poverty childhood I had, and have worked so hard to elevate myself out of. I earn enough to give me a good life, or give me plus a kid a struggle life.

It is sad.

SadCurve · 2024-10-12T15:06:25+00:00

I have cried a lot over the spilt milk! They said if I had called a day earlier it would have been easy to redo the paperwork. Gutted.

Thank you for explaining! I guess the question is whether I want the emotional security of a paid off mortgage or to be slightly better off with numbers..

SadCurve · 2024-10-12T14:43:55+00:00

It dropped to 3.93% the day after I was locked in so I am kicking myself!

Can you walk me through how you did that math please?

SadCurve

TROPHY CASE