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this time last year on plonkee money
WSA adsense code -->I know that not everyone has been reading plonkee money for a year. I think that about this time last year I actually worked out how to set up my feeds properly - I started blogging before I knew about the amazing powers of feedreaders, and it showed.
Still, you’re here now, and that’s the important thing. If you want to check out what you missed last May on plonkee money try:
- getting out of debt would be easier - I still don’t have any consumer debt, and I still think it’s psychologically easier to get out of debt than to start with a little and save and invest. If you disagree, read the post, and let me know in the comments.
- single and aiming for a financially stable partner - nothing much has changed here in the last year either. I’m not currently looking for anyone, but if I was they’d have to be a believer in sensible personal finance.
- starting a business will not make you rich - I mean it plausibly might, but it probably won’t. Something for the more entrepreneurial readers to oppose
. - overpaying the mortgage, or investing for retirement - which are you doing?
Should that not be enough retro plonkee money to be going on with, browse the full archives and read some more.
If you want a different point of view, lately I’ve liked:
- using a freedom account to prepare for the unexpected @ get rich slowly - irregular expenses needn’t cripple your finances any more
- when we received a collection letter @ mrs. micah - fortunately I haven’t had one yet myself, but I’ve had them for other people (previous tenants) and it’s best to open and call them up to let them know that they’ve moved. It cuts down on hassle.
- what is an annuity? @ moolanomy - important information as in the UK it’s almost (but not quite) compulsory to purchase an annuity with your pension funds, something about not squandering it and relying on the state I think
- how to feed a family of five on $200 a month @ rocket finance - where Mrs Rocket explains how she feeds the family, and rocketc admits to eating both seconds, and thirds at meal times
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Discussion
10 comments for “this time last year on plonkee money”
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© 2008 plonkee money. 
Interesting the way annuity in UK works. Is it a state program, or product sold by insurance companies in the UK?
Product sold by insurance companies. You have two choices when you want to access the funds - either get an annuity with your pot of money, or withdraw up to a certain percentage (I think it’s 120%) of the government actuary annuity rate.
Getting an annuity is not necessarily a bad idea under these rules, but you absolutely must shop around, because it’s irrevocable.
Thanks for sharing those, plonkee.
I haven’t read much in your archives, so it’s fun to see what you liked from back then.
And thanks for including my collections letter post.
Yes, but i am going to start riding my bike to work next week.
“starting a business will not make you rich”
The vast majority of businesses will NOT make you rich. When you buy a business, you are, in effect, buying a job. If you want to get rich, learn the tricks on Wall Street or get into entertainment. You can also do it by coming up with something truly innovative. Standard business, though, won’t do it. The last business I owned involved working with other small business owners. Out of 300+ businesses, I can only think of 3 of them who were getting rich.
I loved the article about how to feed a family with $200.. this shows planning and diligence.
That lady has taken the time to learn to plan her meals.
Convenience costs.
I still don’t get feedreaders, but when I do I’ll sign up!
Thanks for the links to these other posts. I’m pretty balanced re retirement vs overpaying. For every extra £100 I put into savings, I try to put on mortgage - or at least I did until I sold & moved
Great post, thanks! I was looking over last year’s article on retirement investing vs. paying down your mortgage. At 55, I’m doing both. Increased my 401K contribution to the maximum and pay additional principal each month on my house. I’m determined to be able to retire if it kills me, and it might.
I hope it won’t kill you
. Actually doing both at the same time is probably a good solution - a kind of diversification. It does mean that it’ll take longer to achieve one, but probably the same amount of time to achieve both (give or take).