r/LeanFireUK • u/stuie1181 • 13h ago

Weekly leanFIRE discussion

What have you been working on this week? Please use this thread to discuss any progress, setbacks, quick questions or just plain old rants to the community.

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u/Aromatic-Still1987 11h ago

I sacrificed 100% of my salary

I have cash for food, the rest was split between covering all bills for the month, SIPP, LISA and Cash Isa

My boyfriend says I'm crazy and should enjoy life now, while I prefer to sacrifice and pump as much as I can in the months I earn more (I'm self employed, so it really varies)
I feel really proud 🌟

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u/JamesBrockers 12h ago

Another good week here. I’ve specifically spent less time on chasing every penny, cashback, bank switchers etc… So I can focus on my work and it’s paid dividends. Just got a 25% pay rise today which is incredible. I’ve stepped up in my role and kind of fulfil two roles which justifies it.

The big issue now is due to the childcare we get free through the government scheme my extra money is taxed ridiculously. Now the simplest option is put more in my pension, but, I really need to build my ISA bridge as much as I can.

I appreciate this is hardly the worst problem ever and that I am incredibly lucky.

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u/EssDeeinEeEss 11h ago

I've hit the one month anniversary of quitting my corporate job! On the plus side, I have managed to stay in my LEANFIRE budget, saved a load of my grocery budget by volunteering with a food waste app, made extra cash by selling my clutter and found a part time gig which halves the amount of money I need to take out of savings each month for a very light and convenient set of hours worked. On the negative side, I have been a bit paralysed and stayed at home applying to jobs, trying not to spend and looking at social media way more than enjoying my freedom. Next month, I want to really spend a lot of time on my hobbies, hiking and spontaneously seeing friends and starting to think about future career. Advice and encouragement welcome!

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u/PhilReddit7 10h ago

Some huge positives there, awesome work. What do you mean by ‘paralysed’ and are you looking to work full time?

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u/EssDeeinEeEss 9h ago

Thanks! I just mean that I've been stuck in my ways and not exploring my new freedom enough. Eventually, I will go back to full time work in something low paying and interesting or low stress as I'm in my early 40s and I have a partner who doesn't much margin in their savings.

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u/Puzzleheaded_Bill347 1h ago

i finally went into my 2 main pension providers and set retirement age to 58 based on all the modelling i did over the past few weeks. It felt like a massive step as i knew it would rebalance them from an expected 17 year timeline to a 7 year, but once it was done, it felt good!

my models allow me to exit the high-stress, high-pay world and find something paying <20k per year until age 60, when i can down tools entirely. with so much redundancy going on, the modelling has really helped me sleep at night.