Safe Withdrawal Rates: An Inconvenient Truth

Recently I’ve read up a lot on Safe Withdrawal Rates (SWRs). For those that haven’t come across the term, it’s a method used to find how much a retiree can withdraw from their portfolio of assets each year without running out of money before reaching the end of their life. The most famous SWR is…

Why We Write

It’s 1942 and Frank Capra is about to embark on his most challenging project to date. By this point Capra, one of the most influential American film directors of all time, had all ready conquered Hollywood. He had already won the Academy award for Best Director three times. And he’d produced, what would become, some…

The State Pension NI Fiasco?

Last week This Is Money ran an article titled: “Officials admit they can’t say if your state pension top-up will work and tell savers to seek expensive financial advice” (link) This follows several earlier articles on the “State Pension Fiasco”: Couple who lost £7k topping up their state pensions finally win a ‘goodwill’ refund as…

Why we don’t buy each other gifts

The YFGs don’t observe the usual gift-giving traditions. We don’t do Valentines, Anniversary, Birthday or Christmas gifts to each other. This invites a mix of hilarity, misunderstanding and respect from our family and friends. Simply put, we have no reason to give gifts to each other at any particular time of year or spend a…

Happy New Tax Year!

As you’ve probably already worked out I’m a few shades different from normal. Mrs YFG has got pretty used to that over the years but one thing she still finds funny is how much I enjoy the new tax year. Every 6th of April is like a mini-Christmas to me. Now before you start calling…

That time I locked down the Amazon Prime

In early 2017, I locked my wife out of our Amazon account. Intentionally. Before Mrs YFG was on the wagon, she was a fully fledged impulse purchaser. Need a slow cooker? Reed diffusers? Face electrolysis set? Amazon has it and you can buy it using their ‘patented’ one-click system. When she had an inkling that…

Our unconventional (and cheap) wedding

We are at the time in our lives when our friends invite us to their (increasingly overpriced) weddings. It is not uncommon to see weddings that are £30,000 or £40,000 – two twenty-somethings without a house but will spend that kind of money. Sometimes, it’s even more than that – like the viral article from…

Mrs YFG: why financial independence is not retirement

Mrs YFG here. Mr YFG allows me to post now and again (how kind of him). Mrs Frugalwoods was featured in the Guardian recently. Being an avid fan, I read her article (nothing new to me as a dedicated follower). I don’t know what possessed me to then scroll down to read the comments, but…

Learning to DIO – do it ourselves

Having money, or at least earning money, sometimes makes people pay for things they could do themselves but they just don’t want to. They are not just paying for things they are physically (or otherwise) unable to do. Our friends and colleagues (able-bodied, intelligent people) have cleaners, nannies, gardeners and private laundry services. They get…

Why we don’t own a car

One of the key reasons that we are on their way to financial independence is because we don’t own a car. That’s because cars are ridiculously expensive. After tax, insurance, maintenance, fuel and parking we are talking thousands of pounds a year. And that’s before you even think about paying for the car itself. The…