I live on state pension only, am 72 years worked for 48 years and receive around £830. a month I don't have debt and live according to my means, I downsized to reduce costs and release some equity so have some savings for the more expensive maintenance/repairs costs. I have a boiler insurance that pays for itself on the years when I have a full service and for any repairs and parts, it is a 12 years old. I also have an electric blanket on bed that keeps me warm and toasty so I can go watch tv in bed and save on gas when I want to.
Don’t you feel bitter that that is how you live now? I am angry that I worked from 16, sometimes two jobs, and never earned enough for a private pension. If my pension portion of NI if it had been invested in a private pension then I am pretty certain I would be better off. I think it’s wrong to think we should go without after working so hard.
@@Warnz60 I worked from age 15yrs, I did not think far enough ahead when young to do something towards a more comfortable retirement. I was a foster carer for 20 yeas and that was classed as self employment so no work place pension with that government job and I did not put anything into a private pot. I manage in my old age only because I drastically downsized or I would be up the creek without a paddle!
I’m so glad RUclips sent you my way, this is just the kick I need to better control my finances. I’m 68, retired at 60 and lived on a small occ pen and savings until my SP started. I didn’t know that retiring before 66 meant I had a State Pension shortfall (due to the new rules that came in 2016). Luckily I checked my NI record in time and I paid additional contributions to gain 2 more years and claimed Carers Allowance for looking after my mum for 2 more years. I’m still short of the full pension even though I paid NI and worked 44 years. As part of my new year plans I’m going to try and sell everything I don’t use or treasure. Good luck with your vlog and I look forward to following along.
We all have to take stock and knuckle down from time to time. I think simplifying our lives as we get older can be so beneficial on so many levels. Getting 'your house in order' helps the mind and soul. Thanks for commenting. X
Hello Tania, like you I am 68 and on a state pension. I was self-employed for a time but only put tiny amount into a pension pot. I looked after my mother as her carer starting on £36 a week rising over the thirteen years to the heady sum of £49 (equivalent to £1 a year ) until she passed away in 2008. So saving money was difficult and now like you I always seem to paying out. I updated my 30 year old back boiler and updated my bathroom ( dating from the 1950's) . At least now I can have a hot shower but all my savings have gone. Good luck with the channel I look forward to finding ways to save money.
Its awful that the govt pay a pittance for care when family members undertake the task. Well done, you have my utmost admiration. I'm glad you been able to do two of the comfort giving improvements. Thanks for commenting. x
I am 64 this month Feb 2025. Was a carer to my disabled epileptic son until last November when he passed away suddenly. Now faced with getting a job at age 64 with a 34 year gap in my CV due to being a carer as I have nothing at all coming in.Have a small amount of savings which I am living on but will run out in a few months so desperate for a job. Got lot's of health issues due to OA but not severe enough to claim PIP and I actually want to work , just can't get a job. Feel like I have been placed on the scrap heap really. I live in a small bungalow so can't even downsize to release cash.
@@kimstockwell721 First of all, I'm sorry for your loss. Goodness, what a difficult situation you are in. Are you entitled to Job Seekers Allowance or ESA? (Employment and Support Allowance). Have you spoken to anyone at the job centre to get advice? As long as you are actively seeking work surely they should help. I would also get a State Pension Forecast to make sure you've been credited for the years you looked after your son etc You can print a form off the Govt website. Good luck and take care. x
@LivingonaUKStatePension It's just Universal credit now which is less than £400 a month so not an option as would not cover my outgoings. Also they expect you to do any old job or you get sanctioned and lose cash, I can't and won't live like that. Have an interview tomorrow for a carers position, I had really wanted retail work but there isn't any unless I want to work nights. Wanted a break from care work but needs must as they say . Thanks for your help though.
@@kimstockwell721 I can understand you wanting the break from care work. Sometimes when you're in work you get to hear more about various things. I remember starting a job I didn't like and while talking to another member of staff they told me of a vacancy in a local school. I hadn't seen the advert. But applied and got it. Good Luck. x
Hi from one Tanya to another 🙂. RUclips suggested I watch you so hence here I am. I'd worked in the Civil Service for 24 years as an AA when out of the blue they tried ridiculously to change my T&C's to include extra duties. I won my case and was offered a tidy sum to leave. So at age 55 I walked away. I'd worked out that if I was frugal enough (which I am) it would last me until my work pension kicked in at 60 which it did. I've managed wisely to just get through and this year aged 66 my state pension will start. I realise how lucky I am. I'm by no means rich but I am a happy soul. Oh and by the way, a year after I left I found out that two people were now carrying out my role. So much for trying to force me to do extra duties!!
Oh my goodness, I completely understand. I was an Immigration officer and in 2010 we joined with HMRC customs and Excise to form border force. They wanted us to go over to their shift pattern and if we refused they gave you a personal shift pattern. This meant your days off were split and one shift ended at midnight followed by your day off. Technically you were travelling home from work on your day off. Basically we were forced onto the new shift pattern. I managed to stick it out for another 6 years because I loved the job but hated the new shifts. People often assume being a Civil Servant is a cushy number, it isn't. You did well to fight and win, well done you. x
@LivingonaUKStatePension I nearly joined the Immigration Service as an EO (immigration officer) in 1989, mainly because the starting salary was slightly higher than for EOs in other departments, but was dissuaded by someone telling me that getting promotion was a matter of 'dead man's shoes'.
@@tancreddehauteville764 I think it all depends where you're based re: promotion. To be honest I never wanted promotion. I loved the frontline so to speak. x
Wow, you mirror my life as I too am an IO (I refuse to say Border Farce Officer). The job has become so poor and toxic that enough is enough and I retire, aged 60, in March. Things will be tight on my modest pension but enough is enough and you'll be hard pushed to find anyone who's happy in the job now. Dreadful, clueless management and you only have to look at how the LHR staff on the old T&C's have been treated.
Am a man 58 years. Divorced. Retired 6 months ago. I have a private pension paying me £720 a month. Moved to Tetouan (near Tangier), Morocco. Bought a 2-bedroom, 2 bathroom new apartment cash for £70K from my savings. Life is a lot cheaper in Morocco. £720 is a comfortable income until 2034 when I start receiving my state pension. By then, about £1500 a month in Morocco will be superb! I used to holiday in Estepona, Costa Del Sol. Life is beautiful.
How can you move to Morocco? What kind of visa did you do it on? You can't just move to Morocco from the UK and stay there as usually you can only stay 90 days on a tourist visa, so how did you actually do it.
How inspirational !! I have just turned 50 and have 3 girls aged 20 19 and 17 still at home with me and you are so right living in Morocco is so much more economical I it is my intention to move ideally to Spain perhaps nerja I am currently working at improving my health and building a nest egg ... however to say I am a bit apprehensive is an understatement . So any advice would be greatly received px
Many thanks Tanya for sharing your real life experience of common sense approach’s to living on a UK State Pension. It is easy to follow and to understand. It is just the right length to follow and remain interested to the end. Much needed and appreciated 👏🏼👏🏼👏🏼
I’m 66 coming up to 67 thank you so much for this. I learned such such a lot from you and like you I live by myself. It was good to say that I’m doing a lot of things that you do but some things I need to be a little bit more stringent with Thank you again.
Hiya Tania, amazing to find you this morning. I wondered how you were getting on these days. Good luck with your new RUclips channel, if anyone can do this challenge, you can.
Just stumbled on your channel. Really looking forward to watching more and picking up some budgeting tips too! Im 65 and won't get my pension until December this year. By the time it happens I hope to have learned a lot from you! Thank you x
Hi I just found your channel I'm 64 at the moment and will get my pension in 2026 I am looking forward to watching you again and seeing your tips on how to live on a pension keep up the good work I love your video .
What a lovely Lady you are. I wish you a fantastic life after retirement. You have placed yourself on the right path. Well done, and I will see you again soon. Take care, and keep up the good work you are doing.
Hi Tania, I found your channel purely by chance but have thoroughly enjoyed your content and your presentation style. Thank you, I have subscribed look forward to more from you 😊
@@isthereanybodyoutthere9397you'll get help as long as you don't have too much in any savings. Mycfriend had to use her savings before getting any help whatsoever. Sad. X
@@isthereanybodyoutthere9397 You can no longer get pension credit & you pay council tax now Rishi put the pension up, only the people that already had the pension before the increase get pension credit & don't pay council tax. Crazy
Great video. I’m 61 and thinking about retiring also on. Civil Service pension but nowhere near state pension. My outgoings are very similar to yours although considering getting rid of my car completely as it’s costing a fortune in repairs. All the other videos I’ve watched seem to be Americans talking millions and I panic. This has made me think well maybe I could do it. So thank you and I have now subscribed and so excited to watch your year.
I would definitely practice living on your forecast private pension for a year. I did it for 2, 10 years ago. Not only did it hone my skills, i realised I could do it. Plus the money I wasnt spending went in savings. And that became a great financial buffer. X
I'm in the same situation and thinking of knocking the car on the head, repair costs and car insurance are way too high these days. From what I have noticed talking to some Americans during my travels over there years ago was that most have their retirement plans more or less directly in the stock markets thus getting better growth than we get with the pension fund company or whatever else siphoning off a good bit of the growth through high charges. I ran some of these average charges through a financial costs calculator and it is crazy what we lose as not only the commissions, but also the monthly policy charges, annual policy charges, spreads on fund purchases (not discounted) and any other charges they can dream up. I started managing my own SIPP after leaving my old job 17 years before retirement and that's done reasonably well for me. trying not to take anything out of that pot just yet and hopefully keep it growing a bit more. One thing we all could have done with is a much better level of personal finance education when we were younger, and get ourselves set up for an easier retirement.
@@Ted-f4o077 I won't be giving my car up until I really really have to. Its so important to me. You sound very clued up on pensions/investments. I agree with you about finance education, so important. x
I think you'd be surprised how easy it is to live without a car. I can easily afford mine but it does cost about £800 a year in tax, service and insurance, that's before I've even put any petrol in it! That would pay for a lot of taxis. Also I get a free pensioners bus pass and I walk everywhere. I could get groceries delivered and for my once a year trip to Northumberland I could hire a little car. People seem to think a car is 'essential' and gives them their independence, it doesn't.
I am starting at the very beginning. I have my book ready and will commence this journey on 31st January, when both my pensions will go into my account on the same day. One monthly, one 4-weekly. Will be very interested to see if I can make the 4 week formula work. I have access to a Waitrose, large Sainsbury, small Iceland and an Aldi. Tesco, Asda and Morrisons also available a bit further away. Thank you for so much detail and information 😊😊
On Monday 27th, there will be a video about the budget book, budgeting and going over to the 4 week cycle. As well as tips for those retiring soonish😂 Good luck. X
Tania its lovely to find you as i loved ypur blog and it helped me to retire early. I am trying to manage on my occupational pension and a small part time job until i get my state pension. I realise i am eating into savings and need to tighten my belt so your help once again is so appreciated.
What a fantastic video (blogging), thank you. There's a lot of rubbish videos on RUclips. This is the best one i have seen so far. Love your quote "we are in this together ". I am 55 years old, worked full time since i was 21, and always worry how i am going to manage when I retire. This is very helpful. I have subscribed.
That's lovely, thank you and welcome. We are slowly becoming a lovely community on here. There's great tips and advice from around the world. Other countries are in the same predicament me are, with the cost of living crisis. X
Hi Tanya. So pleased to find your channel. I used to read your blog Frugal in Essex which I really enjoyed and really pleased that you’ve decided to go on RUclips now. I’m sure you’ll provide us all with lots of useful tips and information along the way. I was born and have lived in Essex all my life and like you my state pension is short as is my husband’s so changes are needed. Looking forward to following your journey.
Tania the same happened to me. I didn’t find out about it until my state pension was about to start! I worked for the NHS. The government makes me very angry making out that the state pension is a benefit, when it’s something we paid into for years - I paid NI for 45 years! The difference between my state pension and the full state pension is about £200 every 4 weeks. SICKENING.
That is not only sickening, its criminal! We need to start checking on our pensions much earlier in life to make sure we are on target to get what we are entitled to. And agreed its not a benefit. x
Great video Tania, I will be looking forward t your future videos. I love your content you sound like a women who thinks about finance in the same way as me.
Accidentally came across your blog on my Google screen. Am coming up to 74 and retired at 61 with the lower state pension and my works pension. Like you, from day 1, have budgeted all my bills from my monthly pension and weekly state pension. Each year i write whats coming in and what i need pay out. And it works well, this also includes hair, dentist and club memberships which i need for my dancing nights out. Savings pay for holidays !! Or just keeping home up together.
Budgeting is the backbone of good housekeeping. You are in control. I'm pleased to hear you are managing and having fun too, which is important. Thank you for your comment. X
Hi Tania. Just come across your video. You have really encouraged me on to think about our spending and to to start reigning it in and start saving towards a new kitchen and bathroom. I am looking forward to saving money ! xx
I retired at 66 last July and basically all I have to live on is my state pension at the new higher rate and a savings buffer though I try not to dip into that. I don't pay any rent but live in an old house that still requires a fair bit of maintenance. My biggest concern at the moment are energy bills. I have mobility issues and am now spending a lot more time at home than previously when working. I know at some point I shall have to raise my direct debit as its set way too low and I don't want to build up a big debt. I was very angry when they took away the winter fuel allowance and it was quite a kick in the teeth as I voted Labour. Thanks for your input you seem to have your head screwed on and I will look in on your channel for tips from time to time.
Hi Tania Glad to see an elder on Y/Tube. As a single parent without any govt assistance have always had to budget and watch the pennies I've recently migrated to S.P. I'm managing okayish. Like many gas + electric takes a chunck out my income. Gym +Walking helps me a lot. New subbie!
Welcome, we all need to do things that make us feel good. I do Aquacise 3 times a week and pilates (council gym). I walk mile listening to books and radio plays. As I've said small frugal changes bring the best results because you'll keep them up. Thanks for watching and commenting. x
Hi, just happened to come across your channel. Very interesting well done for working it all out so well. I’m 68 and unfortunately was in rented accommodation and realised I was not going to be able to survive on my state pension as it wasn’t the full amount by approximately 100 short. Very sadly it forced me to relocate to somewhere more affordable. Still miss U.K. but not as much as I did, because of the way things are changing and not for the better I fear😢.
Hello and welcome. The rental market is ridiculous in the UK, for sure. My friend rents and she gets help and qualified for pension credits, which has been a godsend. I think there's a lot of political unrest throughout the world at the moment. 😢x
Just subscribed. I’m nearly 76 and have been retired since I was 60. I don’t need a car. I don’t need a gym and I have an electric bike. I shop on line for my groceries about once every three weeks. Only my eldest son lives about 2 miles away the other children live out of county. I have 1 company pension that pays over £500 after tax and half my late husband army pension which is just over £200 after tax. My state pension is about £216 a week. I also have my late Father’s inheritance interest from his eastate . My house is all paid for.
Hello and welcome. It's lovely to hear that you are relatively comfortable and sound like you're enjoying life. I have a normal bike that I use during better weather. But I'd definitely consider having an electric one at some time in the future. Thank you for you comment. X
@@caz3949 here in France that’s because so much more is deducted from their salaries during their working life, can’t speak for the rest of Europe. Btw we also pay VAT on food etc
@@carolinemead7747 Having lived and worked in France it depends on how many quarters you have met. I know many people who barely survive. A friend worked for La Poste for many years and struggles on her pension.
Hello Tania, I’m the same age as you so I started watching your videos which I find interesting but my circumstances are quite different to you. I live in the centre of a city on the riverside which is undergoing some really interesting regeneration. I also have a metro train station at the end of my street . There is a tremendous public transport system here which is free for pensioners so I don’t need a car. I have had one in the past but don’t need one here. I live in a lovely bungalow which is housing association property with a garden all the way round. The water and insurance are included and it’s quite low cost. I also have solar panels. I have a huge Tesco within walking distance and I don’t have a credit card it’s not necessary any more. My kids are the same age as yours, one lives within walking distance and one travels the World for work.I moved here six years ago and it’s the best thing I ever did. I’m on state pension so do have to watch the money and as you say things are likely to get worse so I’m going to get the notebook and take part in what you’re doing I used to when my kids were little and batch cooked then but got out of the habit.
Hello, welcome, and thank you. I, got out of the habit too, which is why I started this channel and journey. Never expecting the response it's got. You sound happy where you are living and with your family nearby. That's lovely to hear. Not only does batch cooking save you money and time. You can have days when you don't feel like preparing meals and not worry, as you have loads to choose from in the freezer. X
You mentioned the repair cover you haven't sorted yet. Just want to say that we found out my grandmother was paying over £400 a year for the one attached to BG and yet it didn't cover hardly anything! Also my parents had the same company and they were called out several times to sort a problem out and in the end said it was beyond repair. Contacted an independent plumber who repaired it in no time and said that one of the so called repair men actually made the problem worse. Absolutely useless that they couldn't fix the problem, then caused more problems, then were about to write off the whole system where the independant plumpers sorted it out in no time and a good price. So changed my grandmother over and when she had a problem used another independent as different area, and they also were brilliant. So I would always just save the money myself and pay for a plumber as and when rather than use these useless conmen the gas companies get a fabulous percentage on when you purchase!
I'm inclined to agree with you. I think i going to just put the money away and pay as anything happens. I have house insurance that covers the really big stuff. One of my daughters old boyfriends is doing my boiler service next month. Having renovated properties all my life, I have a number of contracts which is useful. Thanks for commenting. X
Hello from a wee village in Scotland. Your lack of shops sounds like my closest "big town" I do an 18-mile round trip every Friday to do our weekly shopping. It has just been reported that the high street shopping centre is being closed down. The high street is dying. I'm glad I found your channel 🤓
Thank you and welcome. The shops disappeared first, now all our banks but one have gone. But we have mcDonalds, burger king, Dominos, Costa, Greggs. and such like. Ridiculous. x
If you own your own home, you always have to have some money in reserve. Im determined to put back the savings I went through, renovating my home when I moved. Thanks for commenting. X
Hi Tania, pleased to have found your channel, I used to read your blog. Im 4 years short of NI contributions - turns out that after over 30yrs of NHS employment, I didnt pay enough NI due to being contracted out. This will impact my state pension by around £20 a week. I want to make these missing years up and have tried contacting both HMRC and the NI dept, but keep getting pushed around & noone seems to know what they're doing. Ill keep trying but its very frustrating. Im 60 now & will get my pension at 67.
I believe its the DWP you need to get hold of for anything state pension related. The pension service number is: 08007310469, if it still works. good luck. x
I paid my shortfall of national insurance securely online on gov.uk voluntary ni contributions website. I had to set up a government gateway access with a 12 digit security code, then I requested a state pension forecast. The tax years and amounts of any gaps (shortfalls) can be clearly seen. Then I decided which option to take by paying partially paid up years to turn them into fully paid years. An 18 digit code is given to link your chosen option from your ni record to your bank payment. When you have access to your ni record online it’s easy.
@@DuckysWife2222 Thank you. I've had my own govt gateway I'd for a long time as I sometimes do self employed work. I've got access to my pension, tax & NI - but still it won't let me do it online, hence why I'm trying to speak to someone. It's really frustrating to say the least!
Best thing I did was leaving when my contract ended EE. Since then I have been happy with Tesco Mobile. Much less I pay now with Tesco Mobile. It is best to go in person to the Tesco Mobile to get new Tesco contract , when it ends. You get points when you pay your bill, like in shopping in Tesco Extra. You get more, and so Much cheaper Tesco Mobile. First I had a 1 year contract. Now 2 year contract £14.40p.
I know a lot of people who are with Tesco and they seem a really fare company. I inherited EE because I've always been with BT. At the moment everything is good. 🤞x
Thank you it was very rewarding to hear someone normal talking about everyday life of economics and a person in a similar position relationship wise.I feel I never stop listening to advice and keep learning.i myself made a massive choice and change in 2020 and it has paid dividends keep doing what you are doing because it is healthy and one thing start swimming 🏊 Stephen
Glad to have found your channel, someone shared you on the budgeting community on instagram. Single adult household here and hoping to retire by 60 😵💫 although that seems impossible sometimes on a mediocre income
Wow I didn't realise I'd been mentioned on Instagram Yikes! With regard to retiring, I'm a believer if you want something you will find a way of doing it. Getting down to the nitty gritty of your finances is the first and most important step. Write down your financial plan and look at it regularly to stay focused. Good luck.x
I get a full pension of £884.80 every 4 weeks. My rent is £420 every 4 weeks which leaves me with exactly £450 after my £14.80 mobile phone bill comes out of my account. Out of that I spend £40 a week on food (£160 over 4 weeks) I but £140 into my wallet for anything I might want to buy and put £150 into the bank. That's £1,800 a year saved for visiting my family in Wales twice a year for a month each time and Birthday and Christmas presents for my mum, 2 sisters, 8 nieces, nephews and friends. This means that every year my bank account increases by about £500. On average I also get around £400 a year in interest. I can only do this because my electric, water rates and council tax are all included in my rent. As well as this, I've never had a car and I don't drink or smoke. I honestly don't know how I could manage on my pension if I smoked just smoked 10 cigarettes a day, drank about 6 or 7 pints a week and had to put petrol in a car and tax and insure it every year. I'm also lucky that I'm bald, so I can do my own hair with electric clippers once a month.
I had a little giggle at the end! Seriously, well done on managing so well and saving. It's a very emotive subject because we all prioritise different things in our lives. It's sounds like you're banking savvy too, not letting your savings sit in an account with a rubbish interest rate. 👏👏👏x
Subscribed! I’m one year away from retirement and hope to retire debt free but I will be living on the state pension. I do own my own (small) house so am hopeful my state pension will allow me a comfortable retirement. I plan to go car-less in retirement as I’ve always found them to be money pits and also I just don’t enjoy driving any more. I’ll be following your year closely to get some tips on cutting my coat to suit cloth and general tips on living on a modest budget. Bring it on!
I will have to give up my car at some point in the future. Driving for me is a necessary evil! But it would make seeing family very hard. Thank you for your comment. X
I could retire at 60 but with a relatively small Civil Service Pension. When I was 58 I decided to practice living on my CS pension. And I stuck rigidly to it for 2 years. Although I knew I could have stayed past 60, I couldn't have dealt with the shift pattern any longer, and I'm a fit person. I saved excess wages each month, kept a budget book. When the 2 years were up, I'd saved just under £25k and retired without a second thought. Result.....happiness! X
@LivingonaUKStatePension That sounds amazing, well done. I am very much saving and budgeting. I am trying to think of positives to staying working until I retire, will then do a video about it xx
I just stumbled across your video. Thank you, It’s very interesting and I may well need to do this one day if I survive my husband. He has the state pension plus had a final salary pension from his company. We are both 77 but I elected to pay the reduced N.I. contributions when working so my state pension works out at just £455 a month, therefore we live mostly on his wages. We own our home but the bills are high and neither of us are in great health so moving to downsize now is too daunting. We’re ok money wise and also have savings but I’m scared of being widowed and, apart from losing my one constant companion and helper/carer I will also struggle financially. I realise I’m lucky that I have savings but was hoping to keep those in case I need to go in a care home in the future. I think maybe I’m overthinking everything and it’s making me worry and wish I could stop it.
I know how anxious you feel. I personally have a policy with my inner self. DO NOT WORRY OVER THINGS I CAN NOT PHYSICALLY CHANGE MYSELF. Its wasted emotional energy, and I may need that energy in the future! Enjoy the life you have at present. Deal with 'Stuff' as it happens. The only exception I'd make is, make sure you have power of attorney. Should anything happen to your husband that doesn't end in death, stroke etc you need to be able to control the finances. This can be done on the Govt website far cheaper than a solicitor, and it's registered in law. Take care. X
This is interesting - i’m going to follow your lead in budgeting so that I add to my savings rather than deplete them even if it’s just in a small way. Liked and subscribed
Hi Tania.. I am 77 this month . My husband has just passed away.. Learning to count every penny.. We did not have savings.. So living on just my pension is a big step.. I have claimed pension credit only a few pounds a week but it's a help..today I wrote every payment down.. And tried to calculate my outgoings.. You are right.. Document everything.. I have always been frugal so I think I will manage Hopefully.. I had to put some of the expense of the funeral on my credit card.. So that's a bit of a worry..the family helped as well.. But funerals these days are expensive.. ..his life Insurance was very small.. I don't think it was even the amount we spent putting in over the years.. Bad decision.. I totally forgot about adding in my card tax and Mot and repairs.. We always paid it yearly to save a bit..there is always something isn't there.. Anyway wish me luck on my venture coping alone.. My son's have been taking time to stay with me over this period. But they have their own lives to get on with.. Thanks again for your good tips..
Sorry for your loss my husband passed just over a year ago but I am lucky to have my daughter and grandson living with me and have a part time job two days a week so can manage now but will see ss I get older and live on my own I’m 68. I think a budget is essential good luck x
Sorry to hear about your husband, give yourself time to grieve. Things happen in life and we are forced to cope. It sounds like you're making the right financial decisions. And yes write everything down, then there's no surprises to trip you up. Take care of yourself. X
Hi one thing you didn't mention was the freedom pass (for over 66's) that allows free bus travel and tfl services in London (if you live in London). It has saved me and my wife loads of money in travel costs.
I have the Essex County Council equivalent for free bus travel. But living in a small town the bus services are restricted. I use the circular bus now and again to pop to the shops. x
The pensioners bus pass allows you free bus travel anywhere in England. There are quite a few RUclips videos where people have travelled hundreds of miles on their bus pass. There's also a film on BBC iPlayer with Timothy Spall called The Last Bus which is quite entertaining.
I have just received my first state pension, still in the throws of trying for any other benefits I may be eligible for. I am also on disability, £28.50 a week. But now find myself as a volunteer carer for my mother( according to local council ). I have had to do a DBS check with them. You couldn't make it up. So I'm still not sure of my income per 4 weeks. But I will certainly be using a system like yours to keep track of finances.
That has completely floored me. A DBS check for a family member care giver! WHAT NEXT! I sincerely believe the simpler we lead our lives the easier everything else becomes. I empty my purse out of all receipts and they go straight in a basket so I know where everything is. Thanks for watching. x
I was a care gives for my husband at home. But because I was a pensioner I could not claim an allowance. .... I claimed attendance alliance which helped.. It was 24/7 care.. I did have carers from the council helping which we had to pay a percentage of.. . It was a massive help.. I was much grateful for this.. Seven years of caring I'mthen in nursing home.. He was too ill.. He passed away lately.. Much loved.. ..I must now look after myself.. Thank you.. all the comments are helpful..
Its scary going down to a lower income. But with some forward planning it can be done. I lived for 6 years on a much smaller Civil Service Pension because I could not face staying employed on the horrendous completely unhealthy shift pattern my job required. x
There are well off OAPS and there are the benefits OAPs, and there are OAPS who managed to buy a terraced house although on low wages all their working lives, but these are the ones who are suffering under Labour, for yes they own their home but can't claim benefits, but the cost of living and council taxes are hitting them badly , and just wait for the next massive hike in council taxes next spring, which are needed to house immigrants, so this class will certainly get poorer and Labour are living on the moon. .
I absolutely understand where you are coming from on this. There is a sandwich of people in the middle that are really suffering at the moment as they don't qualify for help. I only hope that things change. x
I'm 68 too. Retired at 60. Agree with everything you have said. I'm very similar. Contracted out of the state pension, then contracted back in when told like you. I made up the short fall in contracting out, so I get £893 every four weeks. The contracted out portion of my private pension pot was £60k. It sounds like your may have been invested into the life style default plan being only worth £10k on retirement.
Goodness knows! I only contracted out for a short period. Pension schemes were very new to the working bg classes back then, so it was a leap of faith, really. Obviously, i have my Civil Service Pension, which is not huge by any means. Thank you for your comment. X
Wow! You pay less than £200 a month for your 2-bedroom housing?? That’s extraordinary. You couldn’t find that anywhere here in the US. You’re very lucky!
That’s not rent, she likely owns it outright & I believe the sum quoted for what we are forced to pay to our local government (you may call them state taxes?) every month for “services”.
@@SuperMarion61tell you what mate, as someone who lived in the States some while back, if you think council tax over here is expensive, try researching what property taxes are in the States........then come back and apologise for being so uninformed. My stepmother in new York state pays $15000 a year, so stop moaning.....sheesh, you people don't know when you're getting off lightly.
hi , I've just come across your interesting video and I'm more or less the same age but I have a little part time job where the hardest thing is getting out of bed the extra money does help pay for extravagances like motorbikes (addiction ?) I don't know how temporary that is though . What I don't have is the organisational skill you seem to have so I find videos like this very helpful ,,,,, thank you
A saying I heard many years before I retired was 'time rich, cash poor'. You've said you work part time, but you should still make time to organise your life. It will simplify it , in so many ways. I'm so glad I don't have to get up on these cold frosty mornings! Thanks for your comment. X
Thank you for sharing. I’m in a similar place and live alone. What worries me is how we can cut back even more as things just continue to rise year on year. Can I ask what you do when something goes wrong eg I’ve had two fence panels go this week. I do live frugally and my main expense is my dog but she is my company and life so I’d rather go without than not have her. Thanks again.
@@SuperMarion61 I guess I’d depends on what else one has in life. Some of my friends enjoy a holiday each year or like to take grandchildren on outings etc so I think similar costs in many ways.
I do have an additional pension that I'm saving to bolster up my depleted savings. I also have family to help out. Do you have family who could help with the fencing? I keep a 0% on purchases credit card for emergencies and larger purchases. That way I can use the entire 23 months to pay something off without incurring interest. x
@LivingonaUKStatePension Thank you. Pleased you have a way of replenishing savings. I’ve no family, I’m the last one now. I did get a 0 percent. Reddit card but it runs out in June this year. It’s a good idea though if you can get a longer term.
Im 44, I've spent my life from about 25 worrying about what happens when i retire. I've never earned loads but ive managed to save and invest and now im looking at a substantial pension. Even at 44 i can take my foot off the gas and start enjoying things a bit. Oh and you dont need a tv licence. Ive never ever paid it and have watched tv like everyone else.
Personally I think boiler insurance is a bit of a rip off. Obviously it's your decision, but I'd just put the money aside in a regular savings account and use that if you need to pay for a repair. My boiler is 30 years old and has cost me £100 in all that time for a noisy fan to be fixed. Imagine how much I would have spent if I'd been paying £30 a month or so for insurance! Apparently though newer boilers, especially combi boilers, are less reliable than old ones so you may also need to consider that.
Although I do have a birthday/Christmas budget 'built in monthly I also have my 13th state pension payment that is all mine!. That's why I decided to set my budget 4 weekly. Good luck.x
Just converted it at that's over £1500 which is very good in comparison. Do you have to contribute? What age do you get it? We've been pushed over the years to contribute to the State pension and private. Many don't have a second pension like me, so it's abysmal.x
@LivingonaUKStatePension I'm in USA. I'm retiring in 3 months at 70. Will get $3328/month. Retirement age is based on DOB. mine was at 66yrs and 6months. I chose to work until now. It would have been @1899/month. Also have a pension from 2 other sources and a 401K. Total over 5000/month. We were encouraged when we were young to save money in a 401K. Electric charge last month was $266. yearly property taxes are @$3000. phone is 66, cable tv is 245/month. food is 500/month. car insurance 1200/yr. home insurance is 900/yr, own the home. eggs are $6/dozen. Gas is $320 gallon. Hate Starbucks!!!
The uk state pensions should be double what they are, the govt knows what rents are in this country yet what they pay is less than some rents, even with some housing benefit the amounts are not liveable on. We have very low pensions compared to some other european countries. This country is one of the meanest.
I sometimes wonder if they're trying to get rid of us. Just found out that the pharmacy appointments you can get for antibiotics etc are not applicable if you're over 64! Thanks for commenting.x
@LivingonaUKStatePensionyou are spot on this is a capitalist country once you have reached pension age and no longer work pensioners are of no use to the govt so yes they do not care a jot about us.
My husband gets full state pension. He is my carer, but he has become ill himself. He is 7 years older than me. I do not get any pension until im 67. If he were to pass away before I am 67, I won't have an income!
My advice to you is and I don't want to sound harsh. But don't wait to find out about what you might happen in that eventuality. Make enquiries or research the subject now. Because you must be entitled to some thing, like the Bereavement Support Payment that replaced the widows pension. Other benefits will also kick in when you apply. I pray nothing happens to him and you manage to reach state pension age without any further problems. x
That's exactly why I'm hoping people get involved on here. The problem is everyone has different backgrounds, different priorities and needs. One size 'state pension' certainly doesn't fit all. x
I'm 71 years old and my state pension is £1,052.60 every four weeks. Worked two fulltime jobs for eleven years. Standard pension is £884.20 every four weeks.
Hello thank you for your wonderful video.therr is only one thing I'm not sure of. Maybe I missed it but what about food and toiletrie ect. shopping monthly. Thank you Amanda from France
I spend £120 a month on food, toiletries and dog food. I share my Bertie, with my husband. I have him for 2 weeks and he has him for 2 weeks. Some toiletries are coming out of my spending at present while I am paying my credit card. I'll be discussing budgeting further, next week. Thanks for commenting. X
We should not have to live frugal, Labour sucks but if we survive the four years, we may see a better deal for all OAPs. Crazy Great Britain right now..
You may have a point,but,when has the state pension ever been adequate for a comfortable retirement? I'm 63 and realized over 25years ago to treat it as a "top-up" rather than a sole source of income upon retirement.
@@3999MILES Agreed. I've certainly told my daughters to invest as much as they can spare in a good pension. Financial education in schools would be so useful. x
Hi Tanya, stumbled upon your video. I am 31 so nowhere near retirement but I work for the civil service and I got confused when you talked about the state pension shortfall. Could you explain how we can avoid that please, like what you would have done. This is much needed content, looking forward to hearing about your journey
Lots of Government employers, NHS, Police, Civil Service etc have traditionally paid a Contracted out pension rate on your State Pension contribution because they were paying into your private pension. I've heard from many NHS employees on here that their State Pension is short because of this. I can only advise, check with your HR, pay section and see if you are being contracted out.(keep a copy of their response)I was never told, moreover, given the choice! The problem is exacerbated when you retire before state pension age because your contributions fall even further behind. And then you have to choose whether you want to make the shortfall up. I hope this helps. Thanks for commenting.x
Hi Tania Great video. Did you say you spend £120 per month on dog food and your food? I have a cat and spend at least £10 on food for him a week It’s just normal cat food. But I’m curious to how you spend £25 per week on food. That doesn’t seem a lot of money to me. What happens when you need washing powder/toilet rolls etc. I’m not complaining just curious. Also you said you pay £80 a month for your gas/elec again that’s very cheap. Especially in this cold time of year. Unless I heard wrong in which case I apologise. Please don’t judge me I’m only asking.
Basically I've gotten into a pattern of buying bargains when I see them, especially meat and quality bread. I cook from scratch and I don't waste anything. I'll be putting more cooking videos up, so you can see the type of meals I prepare. I am in credit on both my gas and electric by £85+ each so I have a cushion for the colder months. My bungalow is small, well insulated and faces south. So when the sun shines up come the temperature naturally. I completely understand that others have to pay far more. I prioritse keeping my car on the road and keeping my utility costs down. Thanks for your comment. x
I live in the Philippines My rent is £160.00 a month my water and electric is £50.00 I pay no council tax Petrol is 50p a litre I eat out 4 nights a week It's warm and the fruit is beautiful Sod England I have an address via boatmail
I'm worried as I'm 45 won't get full state pension as Im short though not working or not on benefits as husband works full time and struggled with health but no benefits. Plus not I'm ill with fibro and in pain I struggle day to day and don't think I could work part time never mind full time. Husband works but not enough money to pay my contributes. So he will have some work pension and full state but I won't and we rent. I have anxiety and it worries me about now and fear the future xx
Hello and welcome. As I understand it and please get additional advice, I'm no expert. You need to be on a benefit to get NI contributions, if you dont eork. Have you checked whether you can get Employment and Support Allowance? This is paid when you have an ongoing illness preventing you from working etc. I think I would try to get an appointment with the DWP and see what evidence from your doctor they may need to make a benefit claim. At least then you'll have answers and possibly some financial help too. X
I don’t think I will ever be able to retire completely because I rent privately. And my gas and electric are way more than yours. I can’t afford the gym I don’t go out I don’t drink and I don’t smoke. I do have an allotment I’m trying to grow some of my own food. And that also gives me an outlet and I have friends at the allotment. I do live within the M25 so everything is a lot more expensive.
I have friends and family that rent. Some privately and some council etc The whole housing market in this country is crazy both buying and renting, I don't know if there will ever be a solution to the situation. It sounds like you enjoy growing your own. The magic of germinating seeds never fails to amaze me. I am lucky with my gas bill as the bungalow doesn't take a lot to heat, especially on sunny days and we've just had 4 in a row. Miracle! I'm probably as budy now as I was when i worked full time, but it keeps me fit and active. Thank you for your comment, it's appreciated. X
I would not like to rely on any govt for our pensions. your govt is struggling more than we are at moment. Big fear is they will cut our pensions if they have to with so many millions out of work to pay into the fund. Remember the 1970's?
My bungalow isn't large, its well insulated and i benefit from it facing south. On a sunny day in the winter it will easily reach 18--20 degrees without putting the heating on. x
I am on an Irish pension I have free travel and free tv license plus 250 euro off electric bill in winter plus 35 euro a week fuel allowance .uk pension doesn’t seem to be very good.
I get the principle of cutting your suit according to your cloth but with respect this is not the retirement life I would want to lead. What about a take-away / meal out / trip to the pub / cinema? Obviously if you don’t have the money you cannot do it BUT what is the problem of eating into Savings (Capital)? I understood that it was put aside to spend later in life. Your budget is more for existing rather than living. Health as you say is really important BUT is it not more than likely that your best health is now and it will gradually deteriorate So enjoy life whilst you can. I am not single but if I were I sure as hell could not manage on £120 for food. If that was all I could afford I would go and get a part time job at Aldi - with the added bonus of working alongside young people - this would add to my quality of life.
I understand where you are coming from. Each to there own. I have the luxury of an additional pension that I choose not to use for this experiment. Many thousands do not have extra money or capital. I'm merely showing people how I am managing on my state pension for one year. I'm in the best of health, hence I spend money on my gym and swim. I have tons of friends and out at least 4 mornings of the week, enjoying life completely. Food does not have to be expensive to be nutritious. Thank you for your comment. x
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I live on state pension only, am 72 years worked for 48 years and receive around £830. a month
I don't have debt and live according to my means, I downsized to reduce costs and release some equity so have some savings for the more expensive maintenance/repairs costs. I have a boiler insurance that pays for itself on the years when I have a full service and for any repairs and parts, it is a 12 years old. I also have an electric blanket on bed that keeps me warm and toasty so I can go watch tv in bed and save on gas when I want to.
You sound like you are doing/have done everything right to help you during retirement, well done. x
Well done 👍
Try claiming pension tax credits to top you up🤗
Don’t you feel bitter that that is how you live now? I am angry that I worked from 16, sometimes two jobs, and never earned enough for a private pension. If my pension portion of NI if it had been invested in a private pension then I am pretty certain I would be better off. I think it’s wrong to think we should go without after working so hard.
@@Warnz60 I worked from age 15yrs, I did not think far enough ahead when young to do something towards a more comfortable retirement. I was a foster carer for 20 yeas and that was classed as self employment so no work place pension with that government job and I did not put anything into a private pot. I manage in my old age only because I drastically downsized or I would be up the creek without a paddle!
I’m so glad RUclips sent you my way, this is just the kick I need to better control my finances. I’m 68, retired at 60 and lived on a small occ pen and savings until my SP started. I didn’t know that retiring before 66 meant I had a State Pension shortfall (due to the new rules that came in 2016). Luckily I checked my NI record in time and I paid additional contributions to gain 2 more years and claimed Carers Allowance for looking after my mum for 2 more years. I’m still short of the full pension even though I paid NI and worked 44 years.
As part of my new year plans I’m going to try and sell everything I don’t use or treasure. Good luck with your vlog and I look forward to following along.
We all have to take stock and knuckle down from time to time. I think simplifying our lives as we get older can be so beneficial on so many levels. Getting 'your house in order' helps the mind and soul. Thanks for commenting. X
Hello Tania, like you I am 68 and on a state pension. I was self-employed for a time but only put tiny amount into a pension pot. I looked after my mother as her carer starting on £36 a week rising over the thirteen years to the heady sum of £49 (equivalent to £1 a year ) until she passed away in 2008. So saving money was difficult and now like you I always seem to paying out. I updated my 30 year old back boiler and updated my bathroom ( dating from the 1950's) . At least now I can have a hot shower but all my savings have gone. Good luck with the channel I look forward to finding ways to save money.
Its awful that the govt pay a pittance for care when family members undertake the task. Well done, you have my utmost admiration. I'm glad you been able to do two of the comfort giving improvements. Thanks for commenting. x
I am 64 this month Feb 2025. Was a carer to my disabled epileptic son until last November when he passed away suddenly. Now faced with getting a job at age 64 with a 34 year gap in my CV due to being a carer as I have nothing at all coming in.Have a small amount of savings which I am living on but will run out in a few months so desperate for a job. Got lot's of health issues due to OA but not severe enough to claim PIP and I actually want to work , just can't get a job. Feel like I have been placed on the scrap heap really. I live in a small bungalow so can't even downsize to release cash.
@@kimstockwell721 First of all, I'm sorry for your loss. Goodness, what a difficult situation you are in. Are you entitled to Job Seekers Allowance or ESA? (Employment and Support Allowance). Have you spoken to anyone at the job centre to get advice? As long as you are actively seeking work surely they should help. I would also get a State Pension Forecast to make sure you've been credited for the years you looked after your son etc You can print a form off the Govt website. Good luck and take care. x
@LivingonaUKStatePension It's just Universal credit now which is less than £400 a month so not an option as would not cover my outgoings. Also they expect you to do any old job or you get sanctioned and lose cash, I can't and won't live like that. Have an interview tomorrow for a carers position, I had really wanted retail work but there isn't any unless I want to work nights. Wanted a break from care work but needs must as they say .
Thanks for your help though.
@@kimstockwell721 I can understand you wanting the break from care work. Sometimes when you're in work you get to hear more about various things. I remember starting a job I didn't like and while talking to another member of staff they told me of a vacancy in a local school. I hadn't seen the advert. But applied and got it. Good Luck. x
Hi from one Tanya to another 🙂. RUclips suggested I watch you so hence here I am. I'd worked in the Civil Service for 24 years as an AA when out of the blue they tried ridiculously to change my T&C's to include extra duties. I won my case and was offered a tidy sum to leave. So at age 55 I walked away. I'd worked out that if I was frugal enough (which I am) it would last me until my work pension kicked in at 60 which it did. I've managed wisely to just get through and this year aged 66 my state pension will start. I realise how lucky I am. I'm by no means rich but I am a happy soul.
Oh and by the way, a year after I left I found out that two people were now carrying out my role. So much for trying to force me to do extra duties!!
They should have promoted you to AO if they gave you extra duties. AA grade should only entail basic clerical tasks.
Oh my goodness, I completely understand. I was an Immigration officer and in 2010 we joined with HMRC customs and Excise to form border force. They wanted us to go over to their shift pattern and if we refused they gave you a personal shift pattern. This meant your days off were split and one shift ended at midnight followed by your day off. Technically you were travelling home from work on your day off. Basically we were forced onto the new shift pattern. I managed to stick it out for another 6 years because I loved the job but hated the new shifts. People often assume being a Civil Servant is a cushy number, it isn't. You did well to fight and win, well done you. x
@LivingonaUKStatePension I nearly joined the Immigration Service as an EO (immigration officer) in 1989, mainly because the starting salary was slightly higher than for EOs in other departments, but was dissuaded by someone telling me that getting promotion was a matter of 'dead man's shoes'.
@@tancreddehauteville764 I think it all depends where you're based re: promotion. To be honest I never wanted promotion. I loved the frontline so to speak. x
Wow, you mirror my life as I too am an IO (I refuse to say Border Farce Officer). The job has become so poor and toxic that enough is enough and I retire, aged 60, in March.
Things will be tight on my modest pension but enough is enough and you'll be hard pushed to find anyone who's happy in the job now.
Dreadful, clueless management and you only have to look at how the LHR staff on the old T&C's have been treated.
Am a man 58 years. Divorced. Retired 6 months ago. I have a private pension paying me £720 a month. Moved to Tetouan (near Tangier), Morocco. Bought a 2-bedroom, 2 bathroom new apartment cash for £70K from my savings. Life is a lot cheaper in Morocco. £720 is a comfortable income until 2034 when I start receiving my state pension. By then, about £1500 a month in Morocco will be superb! I used to holiday in Estepona, Costa Del Sol. Life is beautiful.
Sounds like you have everything in place and planned. Enjoy your retirement. X
Nice one
How can you move to Morocco? What kind of visa did you do it on? You can't just move to Morocco from the UK and stay there as usually you can only stay 90 days on a tourist visa, so how did you actually do it.
@@jujuoliver6959 Yes. Tell us please....
How inspirational !! I have just turned 50 and have 3 girls aged 20 19 and 17 still at home with me and you are so right living in Morocco is so much more economical I it is my intention to move ideally to Spain perhaps nerja I am currently working at improving my health and building a nest egg ... however to say I am a bit apprehensive is an understatement . So any advice would be greatly received px
Thanks Tanya, I am 73 and am in a similar situation! I look forward to learning from you! xx
Hello and welcome. x
Many thanks Tanya for sharing your real life experience of common sense approach’s to living on a UK State Pension. It is easy to follow and to understand. It is just the right length to follow and remain interested to the end. Much needed and appreciated 👏🏼👏🏼👏🏼
Thank you, your comment is appreciated. x
I’m 66 coming up to 67 thank you so much for this. I learned such such a lot from you and like you I live by myself. It was good to say that I’m doing a lot of things that you do but some things I need to be a little bit more stringent with Thank you again.
Thank you, for leaving this lovely comment. X
Hiya Tania, amazing to find you this morning. I wondered how you were getting on these days. Good luck with your new RUclips channel, if anyone can do this challenge, you can.
Thanks Sue. Much appreciated.
Just stumbled on your channel. Really looking forward to watching more and picking up some budgeting tips too! Im 65 and won't get my pension until December this year. By the time it happens I hope to have learned a lot from you! Thank you x
Thank you. Everyone is so lovely on here. Welcome. X
Hi I just found your channel I'm 64 at the moment and will get my pension in 2026 I am looking forward to watching you again and seeing your tips on how to live on a pension keep up the good work I love your video .
@@carolinecampbell393 hello and Welcome. X
What a lovely Lady you are. I wish you a fantastic life after retirement. You have placed yourself on the right path. Well done, and I will see you again soon. Take care, and keep up the good work you are doing.
Thank you and welcome. x
Hi Tania, I found your channel purely by chance but have thoroughly enjoyed your content and your presentation style. Thank you, I have subscribed look forward to more from you 😊
Thank you and welcome. We have a great community on here and everyone is helping out with advice. x
Me too I was browsing and really enjoyed your blog x
@fredacameron9227 thank you so much. X
If you don't have your own place paid for when you retire a huge chunk of your UK pension will go on rent.
Agreed. I think almost all of it would go on rent. My friend has had her put up by £100. x
No it wont.t because you can get Housing Bnefit and Council Tax benefit too and possibly Pension Credit.
@@isthereanybodyoutthere9397you'll get help as long as you don't have too much in any savings. Mycfriend had to use her savings before getting any help whatsoever. Sad. X
@@isthereanybodyoutthere9397
You can no longer get pension credit & you pay council tax now Rishi put the pension up, only the people that already had the pension before the increase get pension credit & don't pay council tax.
Crazy
@LivingonaUKStatePension it's 10 thousand
Great video. I’m 61 and thinking about retiring also on. Civil Service pension but nowhere near state pension. My outgoings are very similar to yours although considering getting rid of my car completely as it’s costing a fortune in repairs. All the other videos I’ve watched seem to be Americans talking millions and I panic. This has made me think well maybe I could do it. So thank you and I have now subscribed and so excited to watch your year.
I would definitely practice living on your forecast private pension for a year. I did it for 2, 10 years ago. Not only did it hone my skills, i realised I could do it. Plus the money I wasnt spending went in savings. And that became a great financial buffer. X
I'm in the same situation and thinking of knocking the car on the head, repair costs and car insurance are way too high these days.
From what I have noticed talking to some Americans during my travels over there years ago was that most have their retirement plans more or less directly in the stock markets thus getting better growth than we get with the pension fund company or whatever else siphoning off a good bit of the growth through high charges.
I ran some of these average charges through a financial costs calculator and it is crazy what we lose as not only the commissions, but also the monthly policy charges, annual policy charges, spreads on fund purchases (not discounted) and any other charges they can dream up.
I started managing my own SIPP after leaving my old job 17 years before retirement and that's done reasonably well for me. trying not to take anything out of that pot just yet and hopefully keep it growing a bit more.
One thing we all could have done with is a much better level of personal finance education when we were younger, and get ourselves set up for an easier retirement.
@@Ted-f4o077 I won't be giving my car up until I really really have to. Its so important to me. You sound very clued up on pensions/investments. I agree with you about finance education, so important. x
@@Ted-f4o077 Finance and investment should be taught in school. I am too interested too late.
I think you'd be surprised how easy it is to live without a car. I can easily afford mine but it does cost about £800 a year in tax, service and insurance, that's before I've even put any petrol in it! That would pay for a lot of taxis. Also I get a free pensioners bus pass and I walk everywhere. I could get groceries delivered and for my once a year trip to Northumberland I could hire a little car. People seem to think a car is 'essential' and gives them their independence, it doesn't.
I am starting at the very beginning. I have my book ready and will commence this journey on 31st January, when both my pensions will go into my account on the same day. One monthly, one 4-weekly. Will be very interested to see if I can make the 4 week formula work. I have access to a Waitrose, large Sainsbury, small Iceland and an Aldi. Tesco, Asda and Morrisons also available a bit further away. Thank you for so much detail and information 😊😊
On Monday 27th, there will be a video about the budget book, budgeting and going over to the 4 week cycle. As well as tips for those retiring soonish😂 Good luck. X
Very nicely presented. Thank you for this Vlog.
@Victorromain Thank you, appreciated. X
Just come across you will be looking for you again Thank you 🇬🇧❤️
@@ritasearle7736 Thank you.x
Tania its lovely to find you as i loved ypur blog and it helped me to retire early. I am trying to manage on my occupational pension and a small part time job until i get my state pension. I realise i am eating into savings and need to tighten my belt so your help once again is so appreciated.
Bless you, and thank you so much for taking the time to comment. You can do this. X
Hi Tania, same problems here in Australia. Hope your channel goes well. Look forward to your next video.
Thank you. The cost of living crisis is biting an awful lot of people. X
A great video, so open and helpful. Will be waiting for the next one so thank you.
Thank you and welcome. x
What a fantastic video (blogging), thank you. There's a lot of rubbish videos on RUclips. This is the best one i have seen so far. Love your quote "we are in this together ". I am 55 years old, worked full time since i was 21, and always worry how i am going to manage when I retire. This is very helpful. I have subscribed.
That's lovely, thank you and welcome. We are slowly becoming a lovely community on here. There's great tips and advice from around the world. Other countries are in the same predicament me are, with the cost of living crisis. X
Hi Tanya. So pleased to find your channel. I used to read your blog Frugal in Essex which I really enjoyed and really pleased that you’ve decided to go on RUclips now. I’m sure you’ll provide us all with lots of useful tips and information along the way. I was born and have lived in Essex all my life and like you my state pension is short as is my husband’s so changes are needed. Looking forward to following your journey.
Thank you. I'm going to try my very best. X
Tania the same happened to me. I didn’t find out about it until my state pension was about to start! I worked for the NHS. The government makes me very angry making out that the state pension is a benefit, when it’s something we paid into for years - I paid NI for 45 years! The difference between my state pension and the full state pension is about £200 every 4 weeks. SICKENING.
That is not only sickening, its criminal! We need to start checking on our pensions much earlier in life to make sure we are on target to get what we are entitled to. And agreed its not a benefit. x
How Tania , you didnt mention your weekly/Monthly food bill unless I missed that..enjoyed your blog regards Pamela x
@@pamelarozier3029Pretty sure she mentioned £120 Monthly for food
Great video Tania, I will be looking forward t your future videos. I love your content you sound like a women who thinks about finance in the same way as me.
Thank you so much. x
Accidentally came across your blog on my Google screen. Am coming up to 74 and retired at 61 with the lower state pension and my works pension. Like you, from day 1, have budgeted all my bills from my monthly pension and weekly state pension. Each year i write whats coming in and what i need pay out. And it works well, this also includes hair, dentist and club memberships which i need for my dancing nights out. Savings pay for holidays !! Or just keeping home up together.
Budgeting is the backbone of good housekeeping. You are in control. I'm pleased to hear you are managing and having fun too, which is important. Thank you for your comment. X
Hi Tania, a very informative video. Glad to have found you again. I used to read you blogs. Take care.
Thank you, that's very kind. Happy New Year.
Hi Tania. Just come across your video. You have really encouraged me on to think about our spending and to to start reigning it in and start saving towards a new kitchen and bathroom. I am looking forward to saving money ! xx
That sounds like a plan. In the current climate, money can easily disappear! Thanks for watching. X
I can so relate to you❤️I’m the same age on the other side of the pond. I stopped working at 60😊
That is awesome! Thank you. x
All the best from Polish joiner❤i live and work in England18 years.Love England😊Have a great day.
Awesome! Thank you! X
@LivingonaUKStatePension You more then welcome.Have a great day:-)
I retired at 66 last July and basically all I have to live on is my state pension at the new higher rate and a savings buffer though I try not to dip into that. I don't pay any rent but live in an old house that still requires a fair bit of maintenance. My biggest concern at the moment are energy bills. I have mobility issues and am now spending a lot more time at home than previously when working. I know at some point I shall have to raise my direct debit as its set way too low and I don't want to build up a big debt. I was very angry when they took away the winter fuel allowance and it was quite a kick in the teeth as I voted Labour. Thanks for your input you seem to have your head screwed on and I will look in on your channel for tips from time to time.
Energy costs are ridiculous. Thank you, welcome any time. X
Mike, I hope you won't be voting Labour again. Everything they promised us before the election has proved to be lies.
So glad I found your website. I'm retiring in April, so your advice is very timely! Thank you.
Hello and welcome. April will soon be here. X
Happy New Year Tania 🎉 stubbled.on your channel and i found it very interesting and informative , keep up the great work
Happy new year! Thank you and welcome. X
Look forward to seeing you next time 🇬🇧🇬🇧❤️
@@ritasearle7736 welcome. X
Hi Tania
Glad to see an elder on Y/Tube.
As a single parent without any govt assistance have always had to budget and watch the pennies
I've recently migrated to S.P.
I'm managing okayish.
Like many gas + electric takes a chunck out my income.
Gym +Walking helps me a lot.
New subbie!
Welcome, we all need to do things that make us feel good. I do Aquacise 3 times a week and pilates (council gym). I walk mile listening to books and radio plays. As I've said small frugal changes bring the best results because you'll keep them up. Thanks for watching and commenting. x
You have inspired me to be more financially organised Thank you
It's too easy yo let things slide. X
Hi, just happened to come across your channel. Very interesting well done for working it all out so well. I’m 68 and unfortunately was in rented accommodation and realised I was not going to be able to survive on my state pension as it wasn’t the full amount by approximately 100 short. Very sadly it forced me to relocate to somewhere more affordable. Still miss U.K. but not as much as I did, because of the way things are changing and not for the better I fear😢.
Hello and welcome. The rental market is ridiculous in the UK, for sure. My friend rents and she gets help and qualified for pension credits, which has been a godsend. I think there's a lot of political unrest throughout the world at the moment. 😢x
Your marvelous !! Martin Lewis should sign you up!! 👍🏼
Bless you. Thanks for the compliment and comment. x
Just subscribed. I’m nearly 76 and have been retired since I was 60. I don’t need a car. I don’t need a gym and I have an electric bike. I shop on line for my groceries about once every three weeks. Only my eldest son lives about 2 miles away the other children live out of county. I have 1 company pension that pays over £500 after tax and half my late husband army pension which is just over £200 after tax. My state pension is about £216 a week. I also have my late Father’s inheritance interest from his eastate . My house is all paid for.
Hello and welcome. It's lovely to hear that you are relatively comfortable and sound like you're enjoying life. I have a normal bike that I use during better weather. But I'd definitely consider having an electric one at some time in the future. Thank you for you comment. X
It’s sad to think that most of Europe get more state pension than we do here in the Uk
@@caz3949 here in France that’s because so much more is deducted from their salaries during their working life, can’t speak for the rest of Europe. Btw we also pay VAT on food etc
@@carolinemead7747 Having lived and worked in France it depends on how many quarters you have met. I know many people who barely survive. A friend worked for La Poste for many years and struggles on her pension.
Hello Tania, I’m the same age as you so I started watching your videos which I find interesting but my circumstances are quite different to you. I live in the centre of a city on the riverside which is undergoing some really interesting regeneration. I also have a metro train station at the end of my street . There is a tremendous public transport system here which is free for pensioners so I don’t need a car. I have had one in the past but don’t need one here. I live in a lovely bungalow which is housing association property with a garden all the way round. The water and insurance are included and it’s quite low cost. I also have solar panels. I have a huge Tesco within walking distance and I don’t have a credit card it’s not necessary any more. My kids are the same age as yours, one lives within walking distance and one travels the World for work.I moved here six years ago and it’s the best thing I ever did. I’m on state pension so do have to watch the money and as you say things are likely to get worse so I’m going to get the notebook and take part in what you’re doing I used to when my kids were little and batch cooked then but got out of the habit.
Hello, welcome, and thank you. I, got out of the habit too, which is why I started this channel and journey. Never expecting the response it's got. You sound happy where you are living and with your family nearby. That's lovely to hear. Not only does batch cooking save you money and time. You can have days when you don't feel like preparing meals and not worry, as you have loads to choose from in the freezer. X
You mentioned the repair cover you haven't sorted yet. Just want to say that we found out my grandmother was paying over £400 a year for the one attached to BG and yet it didn't cover hardly anything! Also my parents had the same company and they were called out several times to sort a problem out and in the end said it was beyond repair. Contacted an independent plumber who repaired it in no time and said that one of the so called repair men actually made the problem worse. Absolutely useless that they couldn't fix the problem, then caused more problems, then were about to write off the whole system where the independant plumpers sorted it out in no time and a good price. So changed my grandmother over and when she had a problem used another independent as different area, and they also were brilliant. So I would always just save the money myself and pay for a plumber as and when rather than use these useless conmen the gas companies get a fabulous percentage on when you purchase!
I'm inclined to agree with you. I think i going to just put the money away and pay as anything happens. I have house insurance that covers the really big stuff. One of my daughters old boyfriends is doing my boiler service next month. Having renovated properties all my life, I have a number of contracts which is useful. Thanks for commenting. X
100% agree
Hello from a wee village in Scotland. Your lack of shops sounds like my closest "big town" I do an 18-mile round trip every Friday to do our weekly shopping. It has just been reported that the high street shopping centre is being closed down. The high street is dying. I'm glad I found your channel 🤓
Thank you and welcome. The shops disappeared first, now all our banks but one have gone. But we have mcDonalds, burger king, Dominos, Costa, Greggs. and such like. Ridiculous. x
Thank you Tanya for sharing your circumstances. I have just retired so l found this interesting.
If you own your own home, you always have to have some money in reserve. Im determined to put back the savings I went through, renovating my home when I moved. Thanks for commenting. X
Hi Tania, pleased to have found your channel, I used to read your blog. Im 4 years short of NI contributions - turns out that after over 30yrs of NHS employment, I didnt pay enough NI due to being contracted out. This will impact my state pension by around £20 a week. I want to make these missing years up and have tried contacting both HMRC and the NI dept, but keep getting pushed around & noone seems to know what they're doing. Ill keep trying but its very frustrating. Im 60 now & will get my pension at 67.
I did this via my uk state Pension Forecast page…paid the extra to make up the difference…glad I did too the new state pension is more .
I believe its the DWP you need to get hold of for anything state pension related. The pension service number is: 08007310469, if it still works. good luck. x
@@jacquelinearcher1158 Very helpful. Thanks.x
I paid my shortfall of national insurance securely online on gov.uk voluntary ni contributions website. I had to set up a government gateway access with a 12 digit security code, then I requested a state pension forecast. The tax years and amounts of any gaps (shortfalls) can be clearly seen. Then I decided which option to take by paying partially paid up years to turn them into fully paid years. An 18 digit code is given to link your chosen option from your ni record to your bank payment. When you have access to your ni record online it’s easy.
@@DuckysWife2222 Thank you. I've had my own govt gateway I'd for a long time as I sometimes do self employed work. I've got access to my pension, tax & NI - but still it won't let me do it online, hence why I'm trying to speak to someone. It's really frustrating to say the least!
Most informative. Thank you.
Thank you for your comment. x
Best thing I did was leaving when my contract ended EE. Since then I have
been happy with Tesco Mobile. Much less I pay now with Tesco Mobile.
It is best to go in person to the Tesco
Mobile to get new Tesco contract , when it ends. You get points when you pay your bill, like in shopping in Tesco Extra. You get more, and so
Much cheaper Tesco Mobile. First I
had a 1 year contract. Now 2 year contract £14.40p.
I know a lot of people who are with Tesco and they seem a really fare company. I inherited EE because I've always been with BT. At the moment everything is good. 🤞x
Thank you it was very rewarding to hear someone normal talking about everyday life of economics and a person in a similar position relationship wise.I feel I never stop listening to advice and keep learning.i myself made a massive choice and change in 2020 and it has paid dividends keep doing what you are doing because it is healthy and one thing start swimming 🏊 Stephen
I do aquacise 3 times a week, love it. We have to look after ourselves as well as our finances. Thank you. X
Glad to have found your channel, someone shared you on the budgeting community on instagram. Single adult household here and hoping to retire by 60 😵💫 although that seems impossible sometimes on a mediocre income
Wow I didn't realise I'd been mentioned on Instagram Yikes! With regard to retiring, I'm a believer if you want something you will find a way of doing it. Getting down to the nitty gritty of your finances is the first and most important step. Write down your financial plan and look at it regularly to stay focused. Good luck.x
I get a full pension of £884.80 every 4 weeks. My rent is £420 every 4 weeks which leaves me with exactly £450 after my £14.80 mobile phone bill comes out of my account. Out of that I spend £40 a week on food (£160 over 4 weeks) I but £140 into my wallet for anything I might want to buy and put £150 into the bank. That's £1,800 a year saved for visiting my family in Wales twice a year for a month each time and Birthday and Christmas presents for my mum, 2 sisters, 8 nieces, nephews and friends. This means that every year my bank account increases by about £500. On average I also get around £400 a year in interest. I can only do this because my electric, water rates and council tax are all included in my rent. As well as this, I've never had a car and I don't drink or smoke. I honestly don't know how I could manage on my pension if I smoked just smoked 10 cigarettes a day, drank about 6 or 7 pints a week and had to put petrol in a car and tax and insure it every year. I'm also lucky that I'm bald, so I can do my own hair with electric clippers once a month.
I had a little giggle at the end! Seriously, well done on managing so well and saving. It's a very emotive subject because we all prioritise different things in our lives. It's sounds like you're banking savvy too, not letting your savings sit in an account with a rubbish interest rate. 👏👏👏x
Your rent is ridiculously cheap considering it includes utilities etc
Are you not eligible for pension credit.
Another great video I’m looking forward more content from you 🥰
I'll keep trying. X
Subscribed! I’m one year away from retirement and hope to retire debt free but I will be living on the state pension. I do own my own (small) house so am hopeful my state pension will allow me a comfortable retirement. I plan to go car-less in retirement as I’ve always found them to be money pits and also I just don’t enjoy driving any more. I’ll be following your year closely to get some tips on cutting my coat to suit cloth and general tips on living on a modest budget. Bring it on!
I will have to give up my car at some point in the future. Driving for me is a necessary evil! But it would make seeing family very hard. Thank you for your comment. X
I have just come across you and wanted to say thank you.I shall be keeping an eye open for you again😊
Welcome! Please do. X
Hi, just tuned in to your video, found it very interesting. I have 3 years & 10 months to go until I retire. I wish I could retire now though 🙏
I could retire at 60 but with a relatively small Civil Service Pension. When I was 58 I decided to practice living on my CS pension. And I stuck rigidly to it for 2 years. Although I knew I could have stayed past 60, I couldn't have dealt with the shift pattern any longer, and I'm a fit person. I saved excess wages each month, kept a budget book. When the 2 years were up, I'd saved just under £25k and retired without a second thought. Result.....happiness! X
@LivingonaUKStatePension That sounds amazing, well done. I am very much saving and budgeting. I am trying to think of positives to staying working until I retire, will then do a video about it xx
@@findingmystyle_x good luck with everything. X
The gym is invaluable and keeping mind and body fit, and reasonable price for what you get.
I go to the council run one. I do aquacise 3 times a week and love it. I also use the gym when possible. Good value. Thanks for commenting.x
I just stumbled across your video. Thank you, It’s very interesting and I may well need to do this one day if I survive my husband. He has the state pension plus had a final salary pension from his company. We are both 77 but I elected to pay the reduced N.I. contributions when working so my state pension works out at just £455 a month, therefore we live mostly on his wages. We own our home but the bills are high and neither of us are in great health so moving to downsize now is too daunting. We’re ok money wise and also have savings but I’m scared of being widowed and, apart from losing my one constant companion and helper/carer I will also struggle financially.
I realise I’m lucky that I have savings but was hoping to keep those in case I need to go in a care home in the future. I think maybe I’m overthinking everything and it’s making me worry and wish I could stop it.
I know how anxious you feel. I personally have a policy with my inner self. DO NOT WORRY OVER THINGS I CAN NOT PHYSICALLY CHANGE MYSELF. Its wasted emotional energy, and I may need that energy in the future! Enjoy the life you have at present. Deal with 'Stuff' as it happens. The only exception I'd make is, make sure you have power of attorney. Should anything happen to your husband that doesn't end in death, stroke etc you need to be able to control the finances. This can be done on the Govt website far cheaper than a solicitor, and it's registered in law. Take care. X
This is interesting - i’m going to follow your lead in budgeting so that I add to my savings rather than deplete them even if it’s just in a small way. Liked and subscribed
@@elaineborthwick989 Hellow and welcome.
Very interesting I’m a lot younger than you I’m in my younger years but you are inspiring me to save for my future and get serious about budgeting
That's good to hear. It doesn't matter why you choose to save. It's making the first step that's important. Thanks for commenting. X
Brilliant video looking forward to fur the videos 🥰
Thank you. X
Hi Tania.. I am 77 this month . My husband has just passed away.. Learning to count every penny.. We did not have savings.. So living on just my pension is a big step.. I have claimed pension credit only a few pounds a week but it's a help..today I wrote every payment down.. And tried to calculate my outgoings.. You are right.. Document everything.. I have always been frugal so I think I will manage Hopefully.. I had to put some of the expense of the funeral on my credit card.. So that's a bit of a worry..the family helped as well.. But funerals these days are expensive.. ..his life Insurance was very small.. I don't think it was even the amount we spent putting in over the years.. Bad decision.. I totally forgot about adding in my card tax and Mot and repairs.. We always paid it yearly to save a bit..there is always something isn't there.. Anyway wish me luck on my venture coping alone.. My son's have been taking time to stay with me over this period. But they have their own lives to get on with.. Thanks again for your good tips..
Sorry for your loss my husband passed just over a year ago but I am lucky to have my daughter and grandson living with me and have a part time job two days a week so can manage now but will see ss I get older and live on my own I’m 68. I think a budget is essential good luck x
Ha ha forgot I’m 70 this year 😂
Sorry to hear about your husband, give yourself time to grieve. Things happen in life and we are forced to cope. It sounds like you're making the right financial decisions. And yes write everything down, then there's no surprises to trip you up. Take care of yourself. X
The fly by quicker and quicker🤣
Thanks for sharing
I hope you found it useful. X
@LivingonaUKStatePension reality check..its helpful to know how others manage..Thanks again
Hi one thing you didn't mention was the freedom pass (for over 66's) that allows free bus travel and tfl services in London (if you live in London). It has saved me and my wife loads of money in travel costs.
I have the Essex County Council equivalent for free bus travel. But living in a small town the bus services are restricted. I use the circular bus now and again to pop to the shops. x
The pensioners bus pass allows you free bus travel anywhere in England. There are quite a few RUclips videos where people have travelled hundreds of miles on their bus pass. There's also a film on BBC iPlayer with Timothy Spall called The Last Bus which is quite entertaining.
I have just received my first state pension, still in the throws of trying for any other benefits I may be eligible for. I am also on disability, £28.50 a week. But now find myself as a volunteer carer for my mother( according to local council ). I have had to do a DBS check with them. You couldn't make it up. So I'm still not sure of my income per 4 weeks. But I will certainly be using a system like yours to keep track of finances.
That has completely floored me. A DBS check for a family member care giver! WHAT NEXT! I sincerely believe the simpler we lead our lives the easier everything else becomes. I empty my purse out of all receipts and they go straight in a basket so I know where everything is. Thanks for watching. x
I was a care gives for my husband at home. But because I was a pensioner I could not claim an allowance. .... I claimed attendance alliance which helped.. It was 24/7 care.. I did have carers from the council helping which we had to pay a percentage of.. . It was a massive help.. I was much grateful for this.. Seven years of caring I'mthen in nursing home.. He was too ill.. He passed away lately.. Much loved.. ..I must now look after myself.. Thank you.. all the comments are helpful..
Im only 63 and work for myself from home so not requiring just yet, however, Im hoping your channel will ease my constant worrying!
Its scary going down to a lower income. But with some forward planning it can be done. I lived for 6 years on a much smaller Civil Service Pension because I could not face staying employed on the horrendous completely unhealthy shift pattern my job required. x
There are well off OAPS and there are the benefits OAPs, and there are OAPS who managed to buy a terraced house although on low wages all their working lives, but these are the ones who are suffering under Labour, for yes they own their home but can't claim benefits, but the cost of living and council taxes are hitting them badly , and just wait for the next massive hike in council taxes next spring, which are needed to house immigrants, so this class will certainly get poorer and Labour are living on the moon.
.
I absolutely understand where you are coming from on this. There is a sandwich of people in the middle that are really suffering at the moment as they don't qualify for help. I only hope that things change. x
I'm 68 too. Retired at 60. Agree with everything you have said. I'm very similar.
Contracted out of the state pension, then contracted back in when told like you. I made up the short fall in contracting out, so I get £893 every four weeks.
The contracted out portion of my private pension pot was £60k. It sounds like your may have been invested into the life style default plan being only worth £10k on retirement.
Goodness knows! I only contracted out for a short period. Pension schemes were very new to the working bg classes back then, so it was a leap of faith, really. Obviously, i have my Civil Service Pension, which is not huge by any means. Thank you for your comment. X
Pension credits cover most rent, council tax and much more.
Wow! You pay less than £200 a month for your 2-bedroom housing?? That’s extraordinary. You couldn’t find that anywhere here in the US. You’re very lucky!
That’s not rent, she likely owns it outright & I believe the sum quoted for what we are forced to pay to our local government (you may call them state taxes?) every month for “services”.
@@SuperMarion61tell you what mate, as someone who lived in the States some while back, if you think council tax over here is expensive, try researching what property taxes are in the States........then come back and apologise for being so uninformed. My stepmother in new York state pays $15000 a year, so stop moaning.....sheesh, you people don't know when you're getting off lightly.
hi , I've just come across your interesting video and I'm more or less the same age but I have a little part time job where the hardest thing is getting out of bed the extra money does help pay for extravagances like motorbikes (addiction ?) I don't know how temporary that is though . What I don't have is the organisational skill you seem to have so I find videos like this very helpful ,,,,, thank you
A saying I heard many years before I retired was 'time rich, cash poor'. You've said you work part time, but you should still make time to organise your life. It will simplify it , in so many ways. I'm so glad I don't have to get up on these cold frosty mornings! Thanks for your comment. X
Best to be seriously wealthy or completely broke in the UK.
Don't be in the middle.
Agreed. X
I own my home and £120(at the momen) on food. My freezer, cupboards etc are full of food. I batch cook to. It all saves money. X
Thank you for sharing. I’m in a similar place and live alone. What worries me is how we can cut back even more as things just continue to rise year on year. Can I ask what you do when something goes wrong eg I’ve had two fence panels go this week. I do live frugally and my main expense is my dog but she is my company and life so I’d rather go without than not have her. Thanks again.
Being honest I don’t understand people & their pets, being their “company” & more, you pay a lot for them in many ways. So at least I save on that😮
@@SuperMarion61 I guess I’d depends on what else one has in life. Some of my friends enjoy a holiday each year or like to take grandchildren on outings etc so I think similar costs in many ways.
I do have an additional pension that I'm saving to bolster up my depleted savings. I also have family to help out. Do you have family who could help with the fencing? I keep a 0% on purchases credit card for emergencies and larger purchases. That way I can use the entire 23 months to pay something off without incurring interest. x
@LivingonaUKStatePension Thank you. Pleased you have a way of replenishing savings. I’ve no family, I’m the last one now. I did get a 0 percent. Reddit card but it runs out in June this year. It’s a good idea though if you can get a longer term.
I love the sofa you’re sitting on, it’s got a great high back. I’m looking for a similar can you please tell me where you bought it? 😘
Hatfields furniture store in Colchester. Its made in a factory in the same town. Great quality. x
Just found your channel, the way things are going, i am looking forward to leaving this country, when i retire.
Welcome, where do you want to go? Pick a country that doesn't freeze your state pension. X
@LivingonaUKStatePension 8 months in Thailand and 4 months back at the house in the uk.summer months only 🤣🤣
@@alan552 Sounds lovely. X
Im 44, I've spent my life from about 25 worrying about what happens when i retire. I've never earned loads but ive managed to save and invest and now im looking at a substantial pension. Even at 44 i can take my foot off the gas and start enjoying things a bit. Oh and you dont need a tv licence. Ive never ever paid it and have watched tv like everyone else.
Well done you. X
Just found you I’m in Chelmsford so not so far away but found you really interesting have subscribed x
Yep not far away. Hello and Welcome. X
Thank you for your share .x
You are so welcome
What a lovely English lady
Bellissimo
Thank you. X
Personally I think boiler insurance is a bit of a rip off. Obviously it's your decision, but I'd just put the money aside in a regular savings account and use that if you need to pay for a repair. My boiler is 30 years old and has cost me £100 in all that time for a noisy fan to be fixed. Imagine how much I would have spent if I'd been paying £30 a month or so for insurance! Apparently though newer boilers, especially combi boilers, are less reliable than old ones so you may also need to consider that.
Wow, that's a great boiler you have there. Agreed about the insurance. I've decided not to bother, I'll take a chance and put the money to one side. X
Your costs are comparable to mine, so I will follow for the year to see how we go. See if there's anything left for Christmas 😊
Although I do have a birthday/Christmas budget 'built in monthly I also have my 13th state pension payment that is all mine!. That's why I decided to set my budget 4 weekly. Good luck.x
The average social security(retirement $) in the US is $1976.Pensions in Britain should be raised.
that's per month
Just converted it at that's over £1500 which is very good in comparison. Do you have to contribute? What age do you get it? We've been pushed over the years to contribute to the State pension and private. Many don't have a second pension like me, so it's abysmal.x
@@patricequinn7733pensioners here get free healthcare; eye tests; dental, travel … do you?
@LivingonaUKStatePension I'm in USA. I'm retiring in 3 months at 70. Will get $3328/month.
Retirement age is based on DOB. mine was at 66yrs and 6months. I chose to work until now. It would have been @1899/month. Also have a pension from 2 other sources and a 401K. Total over 5000/month.
We were encouraged when we were young to save money in a 401K. Electric charge last month was $266. yearly property taxes are @$3000. phone is 66, cable tv is 245/month. food is 500/month. car insurance 1200/yr. home insurance is 900/yr, own the home. eggs are $6/dozen. Gas is $320 gallon. Hate Starbucks!!!
The uk state pensions should be double what they are, the govt knows what rents are in this country yet what they pay is less than some rents, even with some housing benefit the amounts are not liveable on. We have very low pensions compared to some other european countries. This country is one of the meanest.
I sometimes wonder if they're trying to get rid of us. Just found out that the pharmacy appointments you can get for antibiotics etc are not applicable if you're over 64! Thanks for commenting.x
@LivingonaUKStatePensionyou are spot on this is a capitalist country once you have reached pension age and no longer work pensioners are of no use to the govt so yes they do not care a jot about us.
My husband gets full state pension. He is my carer, but he has become ill himself. He is 7 years older than me. I do not get any pension until im 67. If he were to pass away before I am 67, I won't have an income!
My advice to you is and I don't want to sound harsh. But don't wait to find out about what you might happen in that eventuality. Make enquiries or research the subject now. Because you must be entitled to some thing, like the Bereavement Support Payment that replaced the widows pension. Other benefits will also kick in when you apply. I pray nothing happens to him and you manage to reach state pension age without any further problems. x
I would like to see how people manage (TOTALLY)on state pension
That's exactly why I'm hoping people get involved on here. The problem is everyone has different backgrounds, different priorities and needs. One size 'state pension' certainly doesn't fit all. x
I'm 71 years old and my state pension is £1,052.60 every four weeks.
Worked two fulltime jobs for eleven years.
Standard pension is £884.20 every four weeks.
Millions have to. X
@fabianmckenna8197 that's good. X
Hello thank you for your wonderful video.therr is only one thing I'm not sure of. Maybe I missed it but what about food and toiletrie ect. shopping monthly.
Thank you Amanda from France
I spend £120 a month on food, toiletries and dog food. I share my Bertie, with my husband. I have him for 2 weeks and he has him for 2 weeks. Some toiletries are coming out of my spending at present while I am paying my credit card. I'll be discussing budgeting further, next week. Thanks for commenting. X
@LivingonaUKStatePension thank you for spending time to answer me.
We should not have to live frugal, Labour sucks but if we survive the four years, we may
see a better deal for all OAPs. Crazy Great Britain right now..
I know things are dreadful at the moment. I personally don't think our UK state pension is adequate for so may people. x
You may have a point,but,when has the state pension ever been adequate for a comfortable retirement? I'm 63 and realized over 25years ago to treat it as a "top-up" rather than a sole source of income upon retirement.
@@3999MILES Agreed. I've certainly told my daughters to invest as much as they can spare in a good pension. Financial education in schools would be so useful. x
Hi Tanya, stumbled upon your video. I am 31 so nowhere near retirement but I work for the civil service and I got confused when you talked about the state pension shortfall. Could you explain how we can avoid that please, like what you would have done. This is much needed content, looking forward to hearing about your journey
Lots of Government employers, NHS, Police, Civil Service etc have traditionally paid a Contracted out pension rate on your State Pension contribution because they were paying into your private pension. I've heard from many NHS employees on here that their State Pension is short because of this. I can only advise, check with your HR, pay section and see if you are being contracted out.(keep a copy of their response)I was never told, moreover, given the choice! The problem is exacerbated when you retire before state pension age because your contributions fall even further behind. And then you have to choose whether you want to make the shortfall up. I hope this helps. Thanks for commenting.x
I have just subscribed 😊
Thank you. X
Hi Tania
Great video. Did you say you spend £120 per month on dog food and your food? I have a cat and spend at least £10 on food for him a week It’s just normal cat food. But I’m curious to how you spend £25 per week on food. That doesn’t seem a lot of money to me. What happens when you need washing powder/toilet rolls etc. I’m not complaining just curious. Also you said you pay £80 a month for your gas/elec again that’s very cheap. Especially in this cold time of year. Unless I heard wrong in which case I apologise. Please don’t judge me I’m only asking.
Basically I've gotten into a pattern of buying bargains when I see them, especially meat and quality bread. I cook from scratch and I don't waste anything. I'll be putting more cooking videos up, so you can see the type of meals I prepare. I am in credit on both my gas and electric by £85+ each so I have a cushion for the colder months. My bungalow is small, well insulated and faces south. So when the sun shines up come the temperature naturally. I completely understand that others have to pay far more. I prioritse keeping my car on the road and keeping my utility costs down. Thanks for your comment. x
I live in the Philippines
My rent is £160.00 a month my water and electric is £50.00
I pay no council tax
Petrol is 50p a litre
I eat out 4 nights a week
It's warm and the fruit is beautiful
Sod England
I have an address via boatmail
Sounds idyllic. X
I'm worried as I'm 45 won't get full state pension as Im short though not working or not on benefits as husband works full time and struggled with health but no benefits. Plus not I'm ill with fibro and in pain I struggle day to day and don't think I could work part time never mind full time. Husband works but not enough money to pay my contributes. So he will have some work pension and full state but I won't and we rent. I have anxiety and it worries me about now and fear the future xx
Hello and welcome. As I understand it and please get additional advice, I'm no expert. You need to be on a benefit to get NI contributions, if you dont eork. Have you checked whether you can get Employment and Support Allowance? This is paid when you have an ongoing illness preventing you from working etc. I think I would try to get an appointment with the DWP and see what evidence from your doctor they may need to make a benefit claim. At least then you'll have answers and possibly some financial help too. X
Good content
Hello, welcome and thank you. X
I don’t think I will ever be able to retire completely because I rent privately. And my gas and electric are way more than yours. I can’t afford the gym I don’t go out I don’t drink and I don’t smoke. I do have an allotment I’m trying to grow some of my own food. And that also gives me an outlet and I have friends at the allotment. I do live within the M25 so everything is a lot more expensive.
I have friends and family that rent. Some privately and some council etc The whole housing market in this country is crazy both buying and renting, I don't know if there will ever be a solution to the situation. It sounds like you enjoy growing your own. The magic of germinating seeds never fails to amaze me. I am lucky with my gas bill as the bungalow doesn't take a lot to heat, especially on sunny days and we've just had 4 in a row. Miracle! I'm probably as budy now as I was when i worked full time, but it keeps me fit and active. Thank you for your comment, it's appreciated. X
I would not like to rely on any govt for our pensions. your govt is struggling more than we are at moment. Big fear is they will cut our pensions if they have to with so many millions out of work to pay into the fund. Remember the 1970's?
I know its worrying. Theyve already restructured all the Civil Service Pensions since I retired. No more lump sums etc. x
i moved to Morocco I can't spend my pension here and it is sunny!
Lovely. I would miss my family so much😢 x
I am addicted to you lol😊
Hello and welcome.x
Fixed costs .gas electric etc and extras Netflix etc
Wow, your gas and electric is cheap. mine is more than that a WEEK!
My bungalow isn't large, its well insulated and i benefit from it facing south. On a sunny day in the winter it will easily reach 18--20 degrees without putting the heating on. x
I am on an Irish pension I have free travel and free tv license plus 250 euro off electric bill in winter plus 35 euro a week fuel allowance .uk pension doesn’t seem to be very good.
It isn't. I'm on the new rate set in 2016. The older eatexus considerably lower again. X
my mobile is with Lebara if you pay monthly its £5 but if you take the yearly contract its £4.50 a month. small saving but worth thinking about.
I've only just changed from BT so I'm stuck for a year. But I've written it down. Thank you. x
@LivingonaUKStatePensionit maybe cheaper to pay the leaving fee depending how much it is. Lebara is worth it.
@@7daylover I'll do sosme research. Thank you. x
I get the principle of cutting your suit according to your cloth but with respect this is not the retirement life I would want to lead. What about a take-away / meal out / trip to the pub / cinema? Obviously if you don’t have the money you cannot do it BUT what is the problem of eating into Savings (Capital)? I understood that it was put aside to spend later in life. Your budget is more for existing rather than living. Health as you say is really important BUT is it not more than likely that your best health is now and it will gradually deteriorate So enjoy life whilst you can. I am not single but if I were I sure as hell could not manage on £120 for food. If that was all I could afford I would go and get a part time job at Aldi - with the added bonus of working alongside young people - this would add to my quality of life.
I understand where you are coming from. Each to there own. I have the luxury of an additional pension that I choose not to use for this experiment. Many thousands do not have extra money or capital. I'm merely showing people how I am managing on my state pension for one year. I'm in the best of health, hence I spend money on my gym and swim. I have tons of friends and out at least 4 mornings of the week, enjoying life completely. Food does not have to be expensive to be nutritious. Thank you for your comment. x