Write about your approach to budgeting.
Just as I was approaching retirement, my mum died, and she left me enough money to buy a two bedroom apartment, so we pay no rent. We also don’t run a car, and we have free bus passes. So we just have to pay domestic bills and buy food.
I pay for most of the bills and missus pays for most of the food. If we eat out, I usually pay for that.
We keep separate income streams and bank accounts. Our main source of income is the UK state pension, which is just short of £1,000 per month each.
I donate to three charities by bank mandate, and any surplus cash goes into tax efficient savings accounts.
I thank god that we have more money coming in than going out. It would be a different story if we were paying rent.
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