With the end of month, comes the end of the summer – it seems.
It’s been a great month in terms of weather and also a good month in terms of finances. Despite higher than normal spending due to a new wood burning stove being put in (and paid for), the Gentleman’s Family Finances are looking strong with a further marching on of our net worth to over 85% of Net Asset magic number. However my FIRE requirements are only at around 45% of target – due to having a lot of money tied up in the house and in SIPPs/LISAs/Pensions. Continue reading “Month-end Accounts: Net Worth July 2018”→
I just read that now older mortgage holders will be able to continually rent their home until around the time they move into an old folk’s home (or die). Accordingly, Leeds’ Building Society has new INTEREST ONLY mortgages offered to borrowers aged 55 to 80.
One of the biggest reasons people put off having children is the perceived cost of raising them. Let’s face it – kids ain’t cheap, (especially if you aren’t able to access tax credits!) Continue reading “Child Benefit Analysis”→
Hello and welcome, this is a very brief introduction. This blog is called Gentleman’s Family Finances and it’s all about how I manage my families finances with an eye to retire early at some point in the near future.
I am 36 years old and with a loving wife and wonderful son with a daughter on the way. That combination of a son then a daughter is called a Gentleman’s Family and I’m pretty pleased it’s working out that way.
The main reason for the blog is to cover the gap left by Mr RIT and also to contribute to the growing FIRE scene in the UK but with an added focus that this is about a family and our finances.
I can’t really say that this blog which I started in July 2018 on my 36th birthday is the start of our journey towards Financial Independence, but it’s a start in sharing with the world. our journey. I’ve been long impressed with other FIRE blogs and I wondered if I could write my own one. Continue reading “The Journey Begins”→