Comments on: Taking a look at pensions

By: Blodwyninexile

Blodwyninexile — Thu, 16 Jul 2015 17:10:05 +0000

Ah I did not realise that. Well done you! We also enjoy our holidays and travel now that we are retired.

By: Emma

Emma — Thu, 16 Jul 2015 09:47:22 +0000

Hi Blodwyninexile,

Thanks for commenting. A pension is definitely something that we need to get sorted this year – I’m setting that as a goal to get mine started before Christmas.

As for the house deposit vs holiday savings, this is actually for my second house – I bought my first one at 18. As I’m sure you’ve seen in my July challenge, I’m on target to make an extra £2,000 this month on top of my regular wage. I work really hard to afford these holidays, especially before we have bigger responsibilities like a family.

Emma

By: Hayley @ Disease Called Debt

Hayley @ Disease Called Debt — Thu, 16 Jul 2015 07:59:04 +0000

Funnily enough, I have a meeting with a financial advisor tonight about pensions. My husband and I are in our 30s and we don’t have a pension, but we do have a rental property that could bring us an income in retirement. We know we need to do more but we really did have to clear our debts first because they were eating so much of our income every month. To be honest, pensions baffle me too!

By: Blodwyninexile

Blodwyninexile — Wed, 15 Jul 2015 14:52:41 +0000

You are never too young to start a pension. Also take care that you take all the advice you need. Shop around and remember if an investment sounds too good to be true then it possibly is. It is good that you are looking at options.

We were lucky to have workplace pensions, not wonderful but regular income now in our dotage! Also just a point – not a criticism but just my twopennyworth. You say you have started saving for a house and then say that you have chosen a holiday? It came the other way around in our case. House deposit saved then holidays with any surplus later on.