Uncategorized

Still here, and on the Cusp of “partial FIRE”?

File:Time-Allocation.png - Wikimedia Commons

I don’t really know how it got through January then so far into 2021 without me posting. Not much actually changed for me, and I certainly MEANT to post a few times. I recall having a 1.5 year reflection planned for January but I can’t find it for the life of me. Anyway, I guess I was just busy living through the pandemic (oxymoron?) and doing a few financial tweaks here and there. Anyway, here are a few highlights over the last half year or so:

Finance/FIRE based highlights

  1. In Jan 2021 (end), I reached £130,739 (£105,739 if excluding one-off SIPP contribution of £25k, which I’d started in Jan). At the end of May, this reached £142,270 (£115,537 exc SIPP).
  2. As you can see, I’ve kept saving (helped by being unable to do much!) but my record keeping dropped off. My May savings rate was 71%.
  3. I have at long last started a regular savings into my index funds at an ambitious £2000 a month. (I am able to plug months of larger spends with current savings should this be required.)
  4. As three fixed rate savings accounts matured and as I’m not buying a BTL property anymore, the proportion of my net worth in investments has continued to rise, which had been a long-term aim.
  5. In work news, I am requesting to go part-time (0.5fte) – argh!

Yes, you read right. Totally gonna kill my accumulation, but I’d thought about it long and hard really, and while I have made enquiries with my manager, it is not guaranteed. The policy is that they will try to accommodate. Two things expedited this (in hindsight): I have a performance review soon and in preparing for that (CV, achievements to date, colleague and student feedback etc.), I have been quite reflective. Probably with the pandemic too. My health, family, we only live once, that sort of thinking.

Secondly, you may recall that I considered applying for voluntary redundancy last year when the pandemic was fresh with uncertainty. With that, I applied for a few Open University teaching positions (each amounting to several hours a week work). Well, I never heard back… until now. I have a job interview! Well, I think I’ll turn it down, but it has definitely made me think. I hope to write a separate post about all this (but won’t say I definitely will in case I jink it!). Anyway, even at 0.5fte, I think I can save *something*! Could I technically be in “partial FIRE” if my request is successful?! I am stopping myself making financial plans; I just know I won’t eat into my savings or investments with this request, though I’m mindful that my spending might increase. :/

For good measure, here are a few non-FI “highlights”:

  1. Darn, home schooling was chaotic when it was happening (Jan – 8th March)! Not really a highlight, but we survived it! Between this, school hols and school social bubbles ‘popped’, it’s been a helluva year for us as working parents and for kids starting school (and everyone else!).
  2. Since the end of March, I’ve been learning the ukulele. It’s very relaxing and uses a different part of my brain. If truth be told, I may have written a blog post earlier if it wasn’t for this newfound hobby! Together with my bike (I’d not ridden a bike since I was a kid really), these are 2 new things I’ve started doing since the pandemic which enrich my life, and which I never thought I’d start doing. 🙂
  3. Since lockdown lifted (May 17th), we have enjoyed a few trips away. Caravan in Morecambe, B&B in Scarborough etc. It’s been sooooo good! I miss travel – Understatement of the century, Mr Firelite would say. It’s good to be out of hibernation.
  4. I’ve continued working from home this whole time. I was going to go in for a meeting this week for the first time since March 2020, but I’m now self-isolating (due to Covid exposure, the app tells me, although I am well. I went to a pub/cafe to work last week.) You can hardly make it up (well, you can, but hey…)

So, this is where I’m at. Eek! My (top) manager told me she’ll certainly look into it for me – whether I can go part-time. So, I eagerly await an update… While it’s been a tough, tough decision (partly because it’s bye bye, career!), I already feel lighter since I requested it (so I know it’s the right decision) and I’m having to stop myself daydreaming about the possibilities of what I’d do with all that free time…!

How has your year been so far, financial and otherwise? Thoughts for another escape plan should my p/t request be unsuccessful? Anyone move to p/t in their role and regret it??!

4 thoughts on “Still here, and on the Cusp of “partial FIRE”?”

  1. Hi PtL2

    Good to read an update and to see that you and the family are well.

    Frankly I’m not surprised that you are considering going part-time and I hope this gets sorted for you. This past year or so has made me really yearn for a 3 or 4 day week but that would be pretty impossible with my current employer, unless they were to hire someone else to cover the days I’m not in.

    How’s the ukulele playing? I brought one back from HK on one of my trips – it’s been a while since I’ve practised but I’ve pretty forgotten it all now so will have to start again! It definitely works a different part of the brain and I’ve found that I totally can’t sing and play at the same time (not that I can sing but you know what I mean haha!).

    Fingers crossed you get the response you want about going part time.

    Like

    1. Hi Weenie, I’m sorry I’ve been so rubbish with replying but hope you are well! I see you posted not long ago and do plan to catch up with posts. 🙂 I’m still playing the uke! You should take it up again! It’s turning out to be a great enjoyment and I can lose hours to it (as I’m sure Mr Firelite can attest). I found it took some consistent practice to sing at the same time. Humming along is a great intermediary once changing chords are part memorised/automatic. So, I’ve just started part-time this week, argh! I’ll update soon! x

      Liked by 1 person

  2. Going part time was the best thing I ever did, apart from maybe quitting my job 🙂
    You’ll be getting 80% of the benefits of FIRE anyway but still be getting a wage. Accumulation will not really matter because you’ll already be enjoying all of the good stuff, and ER will not matter so much.

    You won’t regret it, and good luck and hope they offer it to you.

    Like

    1. Hey, TFS! Thanks for your encouragement. 🙂 They recently approved it, so I have just returned from holiday and have indeed gone part-time – eek! I feel busier than ever atm, paradoxically, but it’s very much in my mind to update my blog soon. I’ve not even looked at my spreadsheet lately! :S

      Like

Leave a Reply to thefirestartercouk Cancel reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.