It’s no secret that I don’t view our house as a home. When we bought our house, I was pregnant with Miss A, the market was reaching it’s peak before it crashed back in 2007, and houses in our budget were few and far between. I think we made our decision too quickly and put an offer in on a house because we didn’t want to lose it rather than the fact we actually wanted it.
Fast forward eight years, and we are still here, but the house is showing signs of wear. Despite putting in a new bathroom, new carpets and decorating, it still feels like a house rather than my home, so we have been thinking of the future a little more in the past few weeks and what we will do over the next few years.
As it stands at the moment, I can receive my state pension when I am 67, and would receive £85.03 a week. That’s not enough for a good quality of life, and I don’t want to struggle. I have had a company pension running for quite a few years but it doesn’t have a lot of money in it sadly, and according to Nutmeg’s pension calculator, I need to be saving quite a lot of money per month to allow me to live with a decent income after the age of 67.
This all makes me wonder whether we should move house, or whether we should stay where we are to enable us to pay off the mortgage earlier and start saving more for our future. If only there were a crystal ball to look into, these decisions wouldn’t be so difficult would they.
Disclosure – PR Collaboration