The Full English – Evolving radicalism vs Thanatos

What am I buggering on about this week?

We, as a society, are crap about talking about death. We don’t like to talk about it. It’s not polite conversation. It’s morbid. It’s uncomfortable. Yet we should talk about it. Getting old is part of life. Dying is part of life. You start off in nappies, get taller, get smarter, achieve your potential, then get smaller, ending up back in nappies. That end nappy part may be an uncomfortable thought, but it needs to be considered. Firstly because, as I’ve said before, that sort of care is expensive. Secondly, as The Accumulator at Monevator pointed out this week, longevity risk is a significant sword of Damocles over your portfolio that we’re increasingly error-prone at calculating (1).

I’m a pretty morbid sort on this blog. I suspect it comes from spending most days discussing suicide. But why as a society are we so bad at it? Fear of death is innate and hard-wired after millions of years of predation. Our ancestors evolved senses to not only hunt, but not be hunted. After all, you can’t procreate if you’re someone’s dinner. The awareness of this fact is intrinsically to the concept of ego and self-awareness, and has therefore been around for as long (2, 3). The logical step from ‘I think therefore I am’. You become aware of your identity, a self. An argument states the pressure of death anxiety led to the formation of early religions, as a way of placating anxiety at the extinguishing of the self and the maintenance of ego.

Death is therefore something the classical psychoanalytical types spend a lot of time on. Freud’s Todestreib (death drive) was in opposition to Eros, the life instinct/ drive (4). It is sometimes referred to as Thanatos. It was the drive and deep-rooted instinct towards destruction in opposition to the life instinct, which pushes us towards creation and fertility. All life had an innate drive to not exist; to return to a non-conscious state. Melanie Klein took this further in her description and psychoanalytical approach. As part of object-relations theory, Klein would suggest that elements of anxiety and fear are deep-rooted at an early stage, as part of a fear of death (5). In general I find Freud and Klein too contrived, too derivative and too full of collective assumption, without practical observation.

I much prefer Erik Eriksons’ explanation – it’s easier to understand and relate to. As part of the Psychosocial Stages of Development a person reaches a stage in their life called ‘Ego Integrity vs Despair’ (6). Conventionally it could be understood as a point where a person is a wise elder. If we accept our life cycle is our one and only chance, and we feel we have been successful, we are inherently satisfied. If feel guilt, we felt we have been unproductive or we did not accomplish our life goals we become despairing. Erikson said this applied from age 65+, but I feel this is much more flexible, and people’s ego states can move in or out.

Why am I talking about this? Well I think a lot of articles base their word count on this very contrast. I’m not just talking about that Guardian article about millenials smashing avocado (7). I’m talking about a huge quantity of the opinion pieces that litter written media. I was prompted to write this by an article, “How the baby boomers sold out”, that was in last weeks New Statesman (8).

Every generation has a hill it dies upon in it’s youth. As the radical fire is burnt out it becomes indentured. It develops Stockholm Syndrome for the capitalist society that props it up and provides it’s creature comforts. Erikson defines this as “Identity vs Role Confusion”, as part of defining the self and one’s political/ social/ moral beliefs (6). If you extend that out across a generation you see how each successive group of teenagers seeks to define itself against it’s elders. Thus every generation, in the course of normal self-development, will be in conflict with those older than it and their expected societal margins. You can see it now in the school strikes. It has existed since the concept of self. The old have always complained about the young in turn. Aristotle said:

“They [Young People] have exalted notions, because they have not been humbled by life or learned its necessary limitations; moreover, their hopeful disposition makes them think themselves equal to great things — and that means having exalted notions. They would always rather do noble deeds than useful ones: Their lives are regulated more by moral feeling than by reasoning — all their mistakes are in the direction of doing things excessively and vehemently. They overdo everything — they love too much, hate too much, and the same with everything else.”  (9, 10)

So next time you read an article which complains about the young, or rails against the boomers, remember your own life course. This is the path we all tread. Reflect on what you were radical about, and enjoy this new generations radicalism.

Have a great week,

The Shrink

Other News

Opinion/ blogs:

The kitchen garden:

What I’m reading (affiliate links):

Food Of The Gods: The Search for the Original Tree of Knowledge: A Radical History of Plants, Drugs and Human Evolution – Terence McKenna – An ethnobotanist explores humanitys’ fascination with hallucinogenics, and the role of altered states of consciousness on the development of human society.

References:

  1. https://monevator.com/why-your-life-expectancy-is-much-longer-than-you-think/
  2. https://sites.ualberta.ca/~jennyy/PDFs/13713823.pdf
  3. https://en.wikipedia.org/wiki/Death_anxiety_(psychology)
  4. https://en.wikipedia.org/wiki/Death_drive
  5. http://www.melanie-klein-trust.org.uk/paranoid-schizoid-position
  6. https://www.simplypsychology.org/Erik-Erikson.html
  7. https://www.theguardian.com/lifeandstyle/2017/may/15/australian-millionaire-millennials-avocado-toast-house
  8. https://www.newstatesman.com/culture/2019/05/how-baby-boomers-sold-out
  9. https://proto-knowledge.blogspot.com/2010/11/what-is-wrong-with-young-people-today.html
  10. http://www.bbc.com/capital/story/20171003-proof-that-people-have-always-complained-about-young-adults
  11. https://www.thisismoney.co.uk/money/markets/article-7066265/Stagecoach-launches-second-legal-action-Government-block-rail-bids.html
  12. https://www.bbc.co.uk/news/business-48306172
  13. https://www.theguardian.com/technology/2019/may/19/google-huawei-trump-blacklist-report
  14. https://www.bbc.co.uk/news/business-48347711
  15. https://www.theguardian.com/cities/2019/may/23/zero-recycling-to-zero-waste-how-ljubljana-rethought-its-rubbish
  16. https://www.theguardian.com/world/2019/may/21/belgian-monks-grimbergen-abbey-old-beer
  17. https://www.numbeo.com/cost-of-living/
  18. https://seths.blog/2019/04/the-avocado-principles/
  19. https://www.vox.com/platform/the-goods/2019/5/14/18563375/zero-waste-products-straws-jars-tote-bags
  20. https://www.businessgreen.com/bg/opinion/3076069/renewable-energy-is-now-a-commercially-attractive-investment-opportunity
  21. https://monevator.com/will-the-passive-investing-revolution-eat-itself/
  22. https://www.ukvalueinvestor.com/2019/05/cranswicks-low-dividend-yield.html/
  23. https://theescapeartist.me/2019/05/22/dont-be-a-nice-guy-be-a-good-guy-part-2/
  24. https://gentlemansfamilyfinances.wordpress.com/2019/05/17/green-money-greencoat-uk-wind-share-offer-may-2019/
  25. https://earlyretirementnow.com/2019/05/22/how-to-lie-with-personal-finance/
  26. http://earlyretirementextreme.com/why-do-so-many-people-hoard-so-much.html
  27. http://diyinvestoruk.blogspot.com/2019/05/vanguard-lifestrategy-60-year-4-update.html
  28. https://firevlondon.com/2019/05/26/holding-up-the-mirror-to-my-own-trading-behaviour/
  29. http://www.frugalwoods.com/2019/05/24/drink-whisky-look-at-stars-make-maple-syrup/
  30. http://quietlysaving.co.uk/2019/05/26/serious-investing/
  31. http://thefirestarter.co.uk/home-comforts/
  32. https://ditchthecave.com/love-your-job/
  33. https://thesavingninja.com/thinking-about-the-future/
  34. https://littlemissfire.com/springmount-gin-has-launched/
  35. https://awaytoless.com/productivity-systems/
  36. https://pursuefire.com/monthly-net-worth-report-11-april/
  37. https://pursuefire.com/meet-the-bettors/
  38. https://www.iretiredyoung.net/single-post/2019/05/24/Early-retirement—life-as-a-247-couple%F0%9F%A4%B7%E2%80%8D%E2%99%80%EF%B8%8F%F0%9F%A4%A6%E2%80%8D%E2%99%82%EF%B8%8F%F0%9F%99%84
  39. https://asimplelifewithsam.com/2019/05/26/treat-yourself/
  40. https://indeedably.com/flying-money/
  41. https://indeedably.com/ennui/
  42. http://twothirstygardeners.co.uk/2019/05/an-interview-with-medwyn-williams-veg-growing-ace/
  43. https://sharpenyourspades.com/2019/05/10/allotment-jobs-for-may/
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Our wedding price tag

Around this time last year MrsShrink and I tied the knot. In honour of this, I felt I should do the romantic thing and work out how much it cost. The first thing to say is, like our friends Mr and Mrs YFG, we looked at the costs of the average wedding aghast (1). It was actually at one of these £30k+ weddings that MrYFG and I realised we had known each other in real life long before we began commenting on each others blogs. The average wedding in the UK now costs ~£32k, and it’s rising (2). I suspect this is a positively skewed mean, as averages reported elsewhere range from £17.5-30k (3, 4, 5). Either way, no small potatoes. We weren’t willing to hoik ourselves to the eyeballs with credit card debt.

The wants list

Although I’m a bit of a traditionalist at heart, MrsShrink and I could never be called religious. MrsShrink would describe herself as a devout atheist. As such a church wedding was off the cards as to her it would be dishonest. So we sat down and tried to decide:

  • What is the point of a wedding?
  • What makes a good wedding?
  • What makes a wedding memorable and what leaves a sour memory?

The point

We reasoned that the point of a wedding was to celebrate our relationship and commitment to each other. How do you celebrate something in most cultures around the world? Throw a F-off party. The ceremony has symbolic importance to family members and friends, so we planned to include those we love in events as much as we could without being too ceremonial. If we were going to celebrate it was going to be with those we wanted to celebrate with, our closest friends. We both come from large extended families which introduced massive stress and financial implications in deciding who came. How do we tell Uncle S we’re not inviting him because we saw Aunty T more recently? Where do you draw the line? We said brothers, sisters, parents and that was it. No cousin B, who you only see semi-annually when someone who shares partial DNA cops it.

What makes a good wedding? The same ingredients as a good party; good food, free-flowing booze, good music, good people. What leaves a sour memory? An absence of any of the above, and interpersonal grief. Supply the first. Only invite good friends and avoid familial beef for the latter.

What did we do and what did it cost?

We planned a three day long party with our closest family in friends in a remote pile in the country. Free-flowing booze, ample food and pumping basslines. Sandwiched in the middle was a wedding ceremony. We kept a running budget as we went along, and a rough target figure, so now the dust has settled down here’s the numbers it came out at.

Wedding Venue

The average venue hire is apparently £4-5k, with another £500 for a church on top (2, 5) . We set some criteria for what we wanted which reduced our range. Due to our background we have friends all over the country, and if we were inviting them down we figured most would need to stay; therefore onsite or nearby accommodation. A church was off the cards and we wanted something good for all weathers; a stately home or castle set-up. We’ve been to weddings where members of the public are traipsing about gawping; sole use of the venue. None of that comes cheap. Most established venues have set ‘menus’ of wedding options, or slick brochures advertising the ‘packages’ and offers. We wanted to do our own thing; slick wedding packages aren’t particularly individual (to our mind), and you’re paying for the convenience of not planning or thinking. After spending hours of googling the SEO optimised wedding material I had a brainwave. Venues have to be licensed for a wedding…

Check the licensing list.

I pulled up all of the local counties’ government websites and downloaded their lists of registered wedding venues. Among them I found a gem. Minimal online presence, set up to run corporate away-day events in a country house in the middle of nowhere, they had a wedding license and accommodated a few weddings a year. Entire run of the stately home, like a giant self-catering hotel. Sauna, pool, games rooms, en-suite bedrooms for 40+ people. Total cost: £6600 for four days. Blew the budget a bit, but got to love Wales as I think elsewhere in the UK it would have been double that.

Food & Booze

So we’ve got a smallish number of people (~50) for a chilled out, non-stuffy wedding. We opted for a local company using local ingredients, served in an unfussy buffet way. We deliberately over-catered so there would be leftovers. The caterers cost us £1,600, plus a further £250 for waiting staff for the whole day. Significantly less that the £4.5k average (2). We called in favours as chef friends cooked breakfasts and big communal meals on the non-wedding days (2, 6). A family friend made a spectacular cake. Another family friend who runs a brewery supplied beer at cost. We went to Majestic and made the most of their free glass hire and wine delivery service. Alcohol was ultimately paid for by a family member, at a total of around £1000, less than the £1500 average.

Entertainment

The average cost of a four piece band is £1000-1500 for a wedding, plus another £200-800 for a DJ (5). We could have tapped up friends who play in a wedding band, but felt then they couldn’t enjoy the event. We hired a musician to play during the ‘reception’ for a couple of hours for £250, and then a commercial PA/ light system for the evening for £200. I spent a few days putting a Spotify playlist together (14 hour runtime), then cross-fading and mixing transitions. Significant saving, and the music didn’t stop until 4am.

Rings

I had put aside £2,500 for an engagement ring (slightly less than the UK average) (2). There was never an intention to buy new, and MrsShrink likes art deco. After a year spent looking for the right ring, I bought an antique stopgap for 1/10th of the price. She fell in love with it. It’s personal, perfect to her taste, and she doesn’t worry about getting mugged for a massive stone. The wedding rings themselves came from a local jeweller and cost £1100.

Wedding Dress/ Outfit

MrsShrink frankly hated the idea of spending £1,000 on a dress to wear once (2). Many national charities run specialist bridal stores where they collect together donated dresses. MrsShrink won’t tell me what she spent, but she ultimately bought two dresses (she couldn’t decide) for (I think) 1/4 of the average above. I decided that my own suit and that of the groomsmen should be something we could wear again. Why spend £100 each hiring a morning-suit when you can buy something decent from M&S for £150? I spent £400 buying suits, ties and accessories for the chaps, and £550 on a tailor-made suit for myself. One of my groomsmen uses his suit for work. I’ve since worn my suit as best for several events and to interviews, and it fits like a glove.

Photography, flowers and decorations

We spent £1000 on this. The average is apparently £1100-1400 (2, 5). We opted out of engagement/ honeymoon shoots. We were happy with some of the photos but not all, and I do wonder if we shouldn’t have scrimped here. Ultimately we have enough lovely photos for an album, and how many do you need/ how often do you look at them? MrsShrink initially made the save the dates, but when we number-crunched it turned out to be just as cost effective to have the actual invites printed (~£100). Standard wedding flowers apparently start at £250 (5). MrsShrink has an aversion to cut flowers – ‘Why would you think something that’s dying is pretty?’ – instead we ordered dried seasonal flowers. Not only did this come in at £220 for bouquets, corsages, button holes and table decorations, but one year on they’re still looking just as pretty on our mantelpiece. Bunting was sown by family members and dried petal confetti was collected by friends.

The final bill

All told we came in around £14,000, of which £3,000 came from family as gifts. Roughly half the ‘average’. If I’m honest MrsShrink was the main source of budgeting success. I struggle to control my spending in the name of a party. The biggest frugal tips we have:

  • Make a list of what will make your day special to you
  • Use the council wedding licence list to find hidden venues
  • Truly think about who you want there. Does it need to be every cousin and their step-mother-in-law?
  • Posh, class and tradition does not have to mean stuffy or expensive
  • Call on friends talents
  • Second hand items and charity shops are your friend
  • Dried flowers are cheaper and last longer than fresh
  • You’re getting married to the most important person in your life. Who are you trying to impress?

I’m sure we could have been more frugal, but we had a great time, so did our mates, and it’s remembered by everyone as a proper knees-up.

Cheers for reading,

The Shrink

 

References:

  1. https://youngfiguy.com/our-unconventional-and-cheap-wedding/
  2. https://www.hitched.co.uk/wedding-planning/organising-and-planning/the-average-wedding-cost-in-the-uk-revealed/
  3. https://www.independent.co.uk/life-style/love-sex/wedding-cost-uk-average-how-much-marriage-ceremony-bridebook-a8460451.html
  4. https://www.hellomagazine.com/brides/2019021969949/how-much-does-wedding-cost-uk-2019/
  5. https://www.moneyadviceservice.org.uk/blog/how-much-does-an-average-wedding-cost
  6. https://www.moneysavingexpert.com/family/cheaper-weddings/

How I calculate my net worth

Prompted by some comments, I’ve decided to lay out the sums I use to calculate my net worth each month along with a copy of my Beast Budget spreadsheet. Some bloggers will notice elements stolen from their own spreadsheets – it’s very much a mutant offspring!

My spreadsheet actually calculates two different net worth values; a current net worth and a month end value. The month end value is the sum I report. It’s a pretty theoretical figure really, a sort of “if I had to liquidate everything now back to the banks where would I stand”.

Example dash

The first page of my spreadsheet is the Dashboard. The net worth figure shown here is the sum of all assets and liabilities on the day viewed (using the TODAY function of excel plus lookup tables). The buttons on this page hyperlink to the net worth tracking page and the summary assets and liabilities pages.

Net Worth Example

The net worth tracking page (‘NW Track’) gives a heads-up of every account and it’s change over the year. Beige boxes need to be filled by hand, whilst grey boxes autopopulate. The first table tracks the month to-date value in each account using a mixture of links and lookup functions. It will then calculate your net worth as:

Net worth = (property value – outstanding mortgage) + (all savings accounts) + (all investments) + (all bank accounts) + (pension cashout value) – (student loan) – (all credit cards) – (all other loans/ debts)

For my own net worth I halve my property value and outstanding mortgage, as it’s jointly owned between us. The table will also calculate your net worth without your equity or student loan.

Savings rate example

Table two tracks absolute net worth increases, percentage increases and savings rate (derived from table three). Enter your previous net worth in the equation for January to show the increase.

Savings percentage example

Table three calculates your savings percentage. It will calculate your take home income vs expenses amount using the figures for your primary bank account. The savings percentage calculation is (total saved) divided by (your take home income + your pension contributions). Table four is a countdown to FI calculator which I pinched from another FIRE blogger. TFS I think? It’s adapted to work with the rest of my spreadsheet.

Countdown example

The third page/ sheet is the Assets dashboard. This summarises the state of all your accounts on that day. Where pages exist for the accounts they’ll autopopulate, otherwise have a play about. The Liabilities dashboard does the same thing for accounts holding debts later on.

Assets example

Liabilities example

The following two pages are sample bank accounts. Your primary bank account should be the one your wages go into (although the NW calculator will pull income data from all of them). I think this was originally an excel template which I’ve modified. Enter your expenses and income as they come in.

Bank account example

The savings account page and credit card pages are very simple running totals that you manually input information to. Remember to make all credit card purchases negative. I added a graph to the credit card page because I like pretty pictures. Following the savings account is the investment page, which at the moment is really simple. I’m working on a separate investment workbook that includes live pricing, which I use to update this.

Credit card example

Mortgage example

The last few pages are very similar. Both the student loan and mortgage calculator consist of a summary page and an amortisation page. Enter the values in the first five grey boxes of the inputs section on the summary page and it will do the rest, producing monthly figures and an amortisation table. I’m most proud of the mortgage amortisation (as an excel novice). If you overpay one month, enter the new figure for the appropriate months payment in the amortisation schedule page and it will automatically recalculate all future payments and duration. You can get the student loans calculator to work out how much you pay monthly based on the sum below for Plan 1, or alter it for Plan 2. I tend to just put the payment values in by hand on the amortisation for my student loan, because they change so much and don’t fit a standard loan pattern.

Student loan monthly payment = ((yearly salary /12) – (Plan threshold)) * 0.09

Where (Plan threshold) is for Plan 1 £1,577 and for Plan 2 is £2,143. The percentage increases to 15% (0.15) if you also had a Postgraduate loan.

The link to the google sheets version is here:

Make a copy and save if you want. It’s pretty fugly in Google Sheets as I run it in Excel.
So there you have it, I look forward to constructive criticism.

Cheers for reading,

The Shrink

The Full English -HM Rev & Customs MVP

What’s am I buggering on about this week?

IMO the current government are utterly inept. That doesn’t stop the civil servants in the Palace of Westminster though, oh no. And some clever dick in HM Rev & Customs has been playing in a blinder over the last few years. Act 1) Letting inheritance tax quietly roll in. TI covered this in the Monevator weekend reading a few weeks back, but I wanted to look in further detail (1). The increasing CGT returns has partly come from increasing inheritance tax. This is the wealth of the baby boomers, coming home to the treasuries roost. To quote the i article, in the past 20 years the total value of people’s estates has more than doubled, so that as a percentage of income it’s reaching 1930s levels (2). It will continue to rise as the wealthiest generation die off.

I don’t particularly like inheritance tax. Beyond personal reasons I see it as an inefficient method of redistributing wealth stinging the middle class rather than the truly rich (who can circumvent it), and essentially double-taxation. YFG said it better on Monevator than I ever can (3, 4). Inheritance tax is currently at a relative effective low, but there are many calls for change. Some of this is driven by the way inheritance tax is stinging younger generations, who due to house price change have not been able to afford property and so have been waiting for inheritance to give them a step on the ladder (2). A survey published this week by Charles Stanley suggested that for many this expectation was unrealistic (5). Millennials were expecting 10x the median inheritance amount. The expectation was that this would act as their housing deposit, whereas in actuality the people they were inheriting from are living longer and more likely to use their house equity for nursing homes and then inheritance tax bills. Silly millennials.

What about Act 2? The BTL taxation noose. I’ve talked before about how I believe BTL is HMRC’s low-hanging fruit of choice. Now landlords are looking to sell-up as the new rules come into force (6). I think this is a really clever piece of rule-making. In the changes to Section 21, the government have made it harder to evict no-fault tenants, appeasing a big voting base (7). In the increase in stamp duty and removal of income tax relief they’ve stung profits, but harmonised with other income sources (8). Offsetting mortgage interest payments against income tax makes some sense from a business world point of view; like using stock write-downs and depreciation to reduce income assessments. It doesn’t make sense when you compare it to other private property scenarios, where you can’t offset your income tax bill with your domestic mortgage interest. Here it levels the playing field. The changes to the minimum EPC rating required for rental (now E), and tightening of BTL lending controls are just the kicker (9).

Practical upshot of tightening the rules on the BTL free-for-all, hobby landlords are driven out and professional landlords remain. Landlords come in all shapes and sizes, but those just about making the sums work are now going to struggle. The sale of these previously rented properties provides a nice CGT boost to the treasury, and also brings new property onto the market at a time when there is a housing stock shortage: double win! Just a shame these properties are generally only fair to middling quality, being ex-rental.

No longer interested in a BTL? Well you could go for a REIT, but I learnt this week about REAPs; Real Estate Annuity Plans (10). A sort of real estate investment bond, which funds affordable housing developments. Return is only 3%, but you get a nice warm glow inside without having to trigger your poverty allergy.

Have a great week,

The Shrink

Other News

Opinion/ blogs:

The kitchen garden:

What I’m reading (affiliate links):

Food Of The Gods: The Search for the Original Tree of Knowledge: A Radical History of Plants, Drugs and Human Evolution – Terence McKenna – An ethnobotanist explores humanitys’ fascination with hallucinogenics, and the role of altered states of consciousness on the development of human society.

References:

  1. https://monevator.com/weekend-reading-capital-gains-tax-receipts-are-soaring-a-good-bad-problem/
  2. https://inews.co.uk/news/business/britain-entering-golden-age-inheritance-baby-boomers-leave-assets/
  3. https://youngfiguy.com/inheritance/
  4. https://monevator.com/inheritance-tax/
  5. https://www.bbc.co.uk/news/business-48213333
  6. https://www.which.co.uk/news/2019/05/landlords-should-you-sell-your-buy-to-let-properties/
  7. https://landlords.org.uk/support-advice/april-2019-changes-to-section-21
  8. https://www.moneyadviceservice.org.uk/en/articles/buy-to-let-property-investments
  9. https://www.gov.uk/government/publications/the-private-rented-property-minimum-standard-landlord-guidance-documents
  10. https://www.theguardian.com/money/2019/may/04/ethical-housing-reaping-the-benefit-while-helping-out
  11. https://www.which.co.uk/news/2019/05/almost-700000-fewer-savers-open-cash-isas-are-isas-still-worthwhile/
  12. https://www.bbc.co.uk/news/business-48185806
  13. https://www.theguardian.com/commentisfree/2019/may/06/universal-basic-income-public-realm-poverty-inequality
  14. https://www.bbc.co.uk/news/business-48174797
  15. https://www.cnbc.com/2019/05/05/traders-brace-for-sharp-sell-off-on-trumps-tariff-threat.html
  16. https://www.theguardian.com/business/2019/may/06/zombie-firms-a-major-drag-on-uk-economy-analysis-shows
  17. https://www.independent.co.uk/environment/uk-coal-renewables-record-climate-change-fossil-fuels-a8901436.html
  18. https://www.bbc.co.uk/news/business-48215896
  19. https://www.autocar.co.uk/car-news/industry/analysis-just-how-green-are-electric-vehicles
  20. https://news.sky.com/video/i-owe-it-to-patients-to-work-extra-hours-but-im-being-penalised-11714585?fbclid=IwAR2cS3aGhMMhk0wyWBpo4K0q3H-fr7adUyEzSDaZB9eKoYA2bsNoSFN3QA0
  21. https://www.theguardian.com/technology/2019/may/05/airbnb-homelessness-renting-housing-accommodation-social-policy-cities-travel-leisure
  22. https://monevator.com/personal-financial-disaster/
  23. https://www.mrmoneymustache.com/2019/05/08/tesla-procrastination/
  24. https://www.ukvalueinvestor.com/2019/05/reckitt-benckiser-share-price-decline-good-value.html/
  25. https://www.ukvalueinvestor.com/2019/05/selling-compass-group-after-share-price-gains.html/
  26. https://3652daysblog.wordpress.com/2019/05/06/stocktake-q1-2019/
  27. https://cashflowcop.com/multi-millionaires-and-still-have-to-make-choices-johns-story/
  28. http://earlyretirementextreme.com/what-permaculture-and-ere-have-in-common.html
  29. http://diyinvestoruk.blogspot.com/2019/05/im-getting-up-to-speed-on-climate.html
  30. https://firevlondon.com/2019/05/11/april-2019-were-back-on-top-of-the-world/
  31. https://ditchthecave.com/love-to-lose-my-job/
  32. http://fiukmoney.co.uk/april-19-net-worth-and-monthly-update-9-434843-561/
  33. https://thesavingninja.com/dont-borrow-worry-from-tomorrow/
  34. https://awaytoless.com/why-we-keep-our-finances-separate/
  35. https://awaytoless.com/monthly-spending-april-2019/
  36. http://eaglesfeartoperch.blogspot.com/2019/05/two-islands.html
  37. https://www.iretiredyoung.net/single-post/2019/05/10/Some-early-retirement-confusion
  38. https://indeedably.com/challenge-the-premise/
  39. https://indeedably.com/history-repeats/
  40. https://www.jackwallington.com/long-term-planting-on-the-allotment/
  41. https://sharpenyourspades.com/2019/05/10/allotment-jobs-for-may/
  42. https://paulnelson90.wordpress.com/2019/05/10/what-to-do-with-radish/

 

 

 

 

The Financial Dashboard – April 2019

The goals for April were:

  • Sell £100 worth of stuff
  • Set up pots for holiday and personal money
  • Look at other ways to reduce environmental footprint
  • Set up regular stock investment
  • Finish my portfolio spreadsheet

Checking the assets and liabilities:

April AssetsApril Liabilities

These are taken, as always, from my Beast Budget spreadsheet. This month my net worth grew by £1,108, 3.34%. I put the final £200 in my 5% Santander saver, which matures next month. Santander have dropped the interest to 3% now so I’ll probably open a separate account elsewhere. We continued to pay down our family wedding loan. At the end of last month the clutch began to go on my daily driver, so I stumped up for a replacement. This went partly on my credit card, so swallowed up efforts to reduce that debt, but I was able to clear part using money put aside in a car maintenance savings pot.

Goals:

Goal failed: Sell £100 worth of stuff

Continuing to fight hordes of time-wasters, asking me to part with big ticket items for tuppence. Wearisome.

Goal achieved: Set up pots for holiday and personal money

Quick and easy win this. My accounts now have an organised flow, where my salary comes into my main account, then anything after bills and direct debits gets moved into my Starling. This has spaces set up, which I’ll start to fill with the budgeted holiday and personal money.

Goal achieved: Look at other ways to reduce environmental footprint

I’ve already spoken about moving to a sustainable energy supplier (Bulb) and trying to reduce our plastic usage. We eat local and healthy, though I admit with busier work comes decreased time to actually organise healthy food. We’ve reduced our plastic consumption for toiletries, using shampoo and soap bars, switching back to washing powder in cardboard boxes. Toilet roll was an issue. Most supermarket toilet roll isn’t recycled, the production process is surprisingly damaging and toxic, and then it’s all wrapped in plastic and shipped to us. A great case in point of clever branding is the new company Who gives a crap (1). They make a big thing of eco credentials; all their loo roll is either recycled or from sustainable bamboo, it’s wrapped in paper and 50% of the profits are donated to safe water/ waste charities. My major issue; all this loo roll gets containerised from factories in China invalidating some of the headline eco credentials.

In looking for alternatives I found the shopping guides from the excellent website Ethical Consumer (2). They score and rank companies on their ethical and environmental merits to produce a list of bestbuys. We opted for the UK manufactured Ecoleaf, which is the same price as standard supermarket loo-roll, and half the price of Who Gives a Crap. We’ll be using the website again, as it’s got guides for most household products, which can be purchased on the Ethical Superstore (3).

Goal failed: Finish my portfolio spreadsheet

It’s surprisingly hard to find a platform for a portfolio that has all the functionality I want. I’ve amalgamated/ butchered YFG and Firevlondons’ spreadsheets, but I’m still not happy.  I’m going to give the Rebo app developed by Andy at Liberate Life a go (4, 5). May well end up drafting something new.

Goal achieved: Set up regular stock investment

A set amount a month is now going into my S&S ISA. I’m somewhat limited in my portfolio options at the moment, due to using Vanguard as my platform. I’ll cover what I’m going to do about it in my next Quarterly update.

Budgets

  • Groceries – Budget £300, spent £184.25, last month £207.01.
  • Entertainment – Budget £150, spent £99.38, last month £76.50.
  • Transport – Budget £460, spent £851.53, last month £329.90. Grim.
  • Holiday – £150, spent £0, last month £0.
  • Personal – £100/ £41.88/ £47.57.
  • Loans/ Credit – £350/ £88.97/ £748.44.
  • Misc – £50/ £121.92/ £81.77. Misc payments this month:
    • £40-odd at Dunelm for bathroom furnishings
    • £30-odd on chicken feed
    • £50 on bathroom fittings

In the garden:

Everything is starting to come up, my favourite time of year in the garden. We have: two types of tomatoes, two types of potatoes, two types of onions, radishes, salad leaves, lettuces, courgettes, spring onion and various beans. The clematis is in flower and the raspberry is shooting up canes. All good things.

Goals for next month:

  • Sell £100 worth of stuff
  • Finish my portfolio spreadsheet
  • Get two extra blog posts out
  • Remortgage
  • Set up new bank accounts

What’s in the pipeline: (Life continues to get in the way of blogging)

  • Our wedding pricetag
  • How I calculate my net worth
  • Stoicism and the finance world
  • Green Credentials
  • Property Renovation Lessons Part III
  • Plus the usual Full English Accompaniments and other drivel…

Happy May everyone,

The Shrink

References:

  1. https://uk.whogivesacrap.org/
  2. https://www.ethicalconsumer.org/home-garden/shopping-guide/toilet-paper
  3. https://www.ethicalsuperstore.com/
  4. https://reboapp.co.uk/
  5. http://liberate.life/index.php/2019/05/01/track-portfolio-rebo/

The Full English Accompaniment – A life like Miss Havisham?

What’s piqued my interest this week?

Lately I’ve been struggling to post regularly to this blog. One of the things that’s kept me busy in recent weeks is helping out a couple of friends with their house. How they came to it is like the plot of a B movie. It goes like this:

Mr & Mrs X worked for many years for an old lord, taken on to look after him in his dotage. The old lord lacked heirs, and all his family were long dead. When he died in the 1950s, virtually destitute, they were surprised to inherit his house, a rambling 6 bed Tudor/ Victorian lump (plus outbuildings and grounds) in commuting distance to London. Being lowly housekeepers well into their 50s they could not afford the upkeep on the pile. To pay the bills they took on a lodger, Mr Y, newly qualified in his profession and looking for cheap accommodation. Mr & Mrs X had no children and came to look on Mr Y as their adopted son. He helped around the house, did some modernisation and gradually took care of them as they got older. When they died, they left Mr Y the rambling house, which he cared for and maintained.

Our friends parents, Mr & Mrs A, met Mr Y some thirty years ago. Mr A and Mr Y worked in the same place, shared many interests and had the same taste in cars. They developed a good friendship, that lasted after Mr A moved to work elsewhere. Mr Y stayed in touch with Mr & Mrs A, seeing them monthly or so, and even providing gifts for their kids as the family grew. Our friend has fond memories of playing in the garden of the big house and exploring the rambling outbuildings; the old forge, stables, garages, piggeries etc. As the family got older they grew apart, Mr Y becoming reclusive, but they still saw him a few times a year. Mr & Mrs A moved further away, downsizing for their retirement on their pension.

A couple of years later Mr & Mrs A got a knock on the door in the middle of the night. It was the police. They were informed Mr Y had died, and could they identify the body and act as executor of the will. They arrived at the house to find it, in effect, derelict. Two rooms were accessible, which Mr Y had retreated to towards the end; the living room heated by a coal fire, and the kitchen where he boiled drinking water on a single ring stove and ate tins of spam. There was no heating. Electrics had been wired in ad-hoc by Mr Y, mostly in the 50s. Water was pumped from a well to a lead tank in the attic every day. Most rooms had simply been shut up and left.

In order to identify Mr Y they had to find documents to prove who he was. This involved entering rooms locked for years. One room was full of Victorian trunks containing the old lord’s family papers, including an invite to Queen Victoria’s birthday party. Another room was full of bees. Another had no floor, just a void to the cellar. The loft was inhabited by rooks. In a box in a closet in the spare bedroom was an expired passport.

The final kicker lay in Mr Y’s 20 year old will. It specified that the house was to go to Mr & Mrs A but they had to live in it as a family for two years before they could inherit. The house was uninhabitable. Cue the current situation, where Mr & Mrs A are living in a caravan in the grounds, slowly cleaning, updating and renovating.

Are there any lessons to this story or is it just a good dinner party anecdote? Mr & Mrs A were retired, drawing down their pensions and were not expecting to sink megabucks into a restoration project. Now they have a poisoned chalice. It doesn’t matter what you inherit if you can’t afford to maintain it (see here UK aristocracy). Plus there’s definitely other people out there like Mr Y, saving and making money on the stock market and living like misers (1). It’s a lesson not to forget that the money you earn, the property you own, must serve a purpose.

Have a great week,

The Shrink

Other News

Opinion/ blogs:

The kitchen garden:

What I’m reading (affiliate links):

Food Of The Gods: The Search for the Original Tree of Knowledge: A Radical History of Plants, Drugs and Human Evolution – Terence McKenna – An ethnobotanist explores humanitys’ fascination with hallucinogenics, and the role of altered states of consciousness on the development of human society.

References:

  1. https://www.bloomberg.com/news/features/2019-04-27/the-mystery-of-the-millionaire-hermit?srnd=businessweek-v2
  2. https://www.bbc.co.uk/news/business-48119158
  3. https://www.theguardian.com/business/2019/apr/29/big-tech-regulation-facebook-google-amazon
  4. https://www.nytimes.com/interactive/2018/10/07/climate/ipcc-report-half-degree.html
  5. https://www.bbc.co.uk/news/business-47960657
  6. https://www.theguardian.com/society/2019/apr/15/short-notice-evictions-face-axe-in-tenant-rights-victory
  7. https://www.bloomberg.com/news/articles/2019-04-29/u-s-lags-china-expands-in-race-for-electric-vehicle-dominance
  8. https://www.thisismoney.co.uk/money/howmoneyworks/article-6812847/Money-Diaries-Im-24-earn-43k-struggling-pay-debt.html
  9. https://monevator.com/find-the-best-online-broker/
  10. https://monevator.com/understanding-bond-index-funds/
  11. https://www.ukvalueinvestor.com/2019/04/invest-in-rolls-royce-plc.html/
  12. https://www.ukvalueinvestor.com/2019/05/2018-stock-market-correction-and-the-art-of-being-patient.html/
  13. http://earlyretirementextreme.com/get-a-push-lawn-mower.html
  14. http://www.frugalwoods.com/2019/04/29/vegetable-seed-starting-supplies-and-other-march-2019-expenditures/
  15. https://cashflowcop.com/daring-to-dream-financial-independence-vs-childcare-costs/
  16. https://tuppennysfireplace.com/how-to-reduce-food-waste-save-money/
  17. http://quietlysaving.co.uk/2019/05/04/april-2019-other-updates/
  18. http://diyinvestoruk.blogspot.com/2019/05/pssttwanna-own-wind-farm.html
  19. http://thefirestarter.co.uk/autopilot/
  20. https://ditchthecave.com/april-2019-update/
  21. https://thesavingninja.com/crazy-gains-savings-report-10/
  22. https://littlemissfire.com/monthly-update-april-2019/
  23. http://www.thefrugalcottage.com/april-2019-a-month-in-review/
  24. http://www.thefrugalcottage.com/dividend-income-april-2019/
  25. https://gentlemansfamilyfinances.wordpress.com/2019/05/01/month-end-accounts-april-2019/
  26. https://gentlemansfamilyfinances.wordpress.com/2019/05/03/what-i-learnt-from-my-dads-early-retirement-aged-60-part-2/
  27. https://financeyourfire.com/2019/05/01/portfolio-update-april-2019/
  28. https://financeyourfire.com/2019/04/29/lifes-a-budget-and-then-you-die/
  29. https://pursuefire.com/monthly-net-worth-report-10-march/
  30. https://obviousinvestor.com/p2p-lending-portfolio-update-for-april-2019/
  31. https://www.iretiredyoung.net/single-post/2019/05/03/Early-Retirement-Costs—April-2019
  32. https://asimplelifewithsam.com/2019/05/04/april-spending/
  33. https://simplelivingsomerset.wordpress.com/2019/05/04/brexit-not-in-my-name-thanks/
  34. https://indeedably.com/self-inflicted/
  35. https://www.visualcapitalist.com/world-population-pyramid-1950-2100/
  36. https://youtu.be/yrwDx7tS_bE
  37. https://paulnelson90.wordpress.com/2019/05/01/beltane-the-best-month-of-the-year/
  38. https://www.jackwallington.com/allotment-month-42-weeding-asparagus-and-carrots-potato-chilli-and-artichoke-update/
  39. http://twothirstygardeners.co.uk/2019/05/sustainable-growing-medium-coco-coir-coconut-peat-test-garden/
  40. https://lifeatno27.com/2019/04/30/bring-on-the-boston-beets/

The Full English Accompaniment – Blogroll and some updates

What’s piqued my interest this week?

A bit of an odd Full English this week, as I’ll round up and catch up a few things.

Blogroll

First off, I don’t keep a proper Blogroll on my site. I posted a condensed list last year, but some have come, some have gone, so here follows a list of those I check at least monthly and I include when composing the Full English. I generally favour posts of ‘substance’, tending to shy away from SEO optimised material. I also only tend to share UK blogs, though I read others. The blogs can be split into broad categories, but with lots of crossover between them:

Information, guides, advice and motivation:

Personal experience and progress:

  • Firevlondon – full fat investing from a high net worth blogger
  • The Frugalwoods – the homesteading FIRE dream from the US
  • Quietly Saving – Weenie has been documenting her progress for 5 years, providing motivation for many a FIRE convert
  • The Fire Starter – Has also been going many years and has lots of links to resources as well as blogging his financial journey
  • Ditch the Cave – The Caveman is a professional in his 40s and has been saving for some time, but only started blogging this year, following his progress and thoughts
  • Dr Fire – Another blog started in the last year, interesting to me because of the shared academic background
  • FI UK Money – Fu Mon Chu is in his 40s and tracking his FI journey
  • The Saving Ninja – Blogs his own financial progress, but also lots of advice and the author of the popular ‘Thought Experiment’ series
  • Ms Zi You – Has been going about as long as I have, and alongside blogging about feminism and travel, runs the UK FI Podcast
  • Little Miss Fire – Blogging her progress, recently moved from their wordpress across to a dedicated site. No updates in a couple of months so may have dropped off the radar now
  • A Way to Less – New to the scene, professionals in their 20-30s documenting their progress
  • The Frugal Cottage – More frugal finance than FI blog
  • Gentlemans Family Finances – GFF blogs their progress but also tips on his process
  • The Finance Zombie – Has been tracking his saving and goals for many years
  • Where eagles fear to perch – The eagle does a bit on investment and a bit on gardening
  • Finance Your Fire – Offers his own experiences but also links to charts and lots of info
  • Early Retirement Guy – Periodically updating with his progress
  • Financially Free by 40 – Huw achieved FI at 34. His blogs been quiet for about a year, but I believe he’s still about on forums and at events
  • Pursue Fire – Dan at Pursue Fire has been going for about a year, blogging his monthly net worth and his matched betting
  • The Canny Contractor – Information on P2P, tools for contracting and quarterly income reports
  • The Obvious Investor – Blogs his growth and P2P portfolios
  • The English Investor – Quarterly reviews, company looks and general opinions pieces about the market
  • I Retired Young – David retired three years ago, and offers expenses and drawdown numbers as well as experiences from the other side
  • A simple life with Sam – thoughts, tips, habits and monthly spending reports

Finance and philosophical opinions:

  • Simple Living in Somerset – Opinions and sass from the learned Ermine
  • Indeedably – To be honest, Indeedably does a bit of everything, tracking his progress, offering charts and financial info, but I mainly follow for the philosophical reflections
  • FIREthe9to5 – Has left the working life behind now, but still gives their thoughts
  • Sexhealthmoneydeath – Lots of thoughts and reflections here, but no updates since last August means they may too have retired

Gardening:

  • Life at no 27 – Annabelle blogs about her allotment experiences and sharing the wellbeing benefits with others
  • Real Men Sow – Jono at Real Men Sow blogs about growing your own veg, and kept a financial track of money saved. Sadly no updates since last autumn
  • Lovely Greens – Tanya blogs about gardening frugally, sustainably and organically
  • Two Thirsty Gardeners – Gardening tips, along with homebrew, booze and restaurant reviews
  • Jack Wallington – An RHS qualified gardener, sometimes heard on GQT on R4, who blogs about his own allotment and garden
  • Sharpen Your Spades – Richard at Sharpen Your Spades posts tips, advice and experiences
  • Paul’s Patch – Paul blogs about growing in his small patch
  • Agents of Field – Period growing updates and advice from Sophie and Ade, who can also been seen in various media spots

I’ve probably missed some, so I may well come back and add more in the future!

Updates

Have a great week,

The Shrink

Other News

Opinion/ blogs:

The kitchen garden:

What I’m reading (affiliate links):

The Right Way to Keep Chickens – Virginia Shirt – Another guide to our new pets.

Food Of The Gods: The Search for the Original Tree of Knowledge: A Radical History of Plants, Drugs and Human Evolution – Terence McKenna – An ethnobotanist explores humanitys’ fascination with hallucinogenics, and the role of altered states of consciousness on the development of human society.

References:

  1. https://www.mrmoneymustache.com/
  2. https://monevator.com/
  3. https://www.ukvalueinvestor.com/
  4. https://theescapeartist.me/
  5. http://www.retirementinvestingtoday.com/
  6. https://earlyretirementnow.com/
  7. https://youngfiguy.com/
  8. https://3652daysblog.wordpress.com/
  9. https://cashflowcop.com/
  10. https://tuppennysfireplace.com/
  11. https://firevlondon.com/
  12. http://www.frugalwoods.com/
  13. http://quietlysaving.co.uk/
  14. http://thefirestarter.co.uk/
  15. https://ditchthecave.com/
  16. https://drfire.co.uk/
  17. http://fiukmoney.co.uk/
  18. https://thesavingninja.com/
  19. http://www.msziyou.com/
  20. https://littlemissfire.com/
  21. https://awaytoless.com/
  22. http://www.thefrugalcottage.com
  23. https://gentlemansfamilyfinances.wordpress.com/
  24. http://www.thefinancezombie.com/
  25. http://eaglesfeartoperch.blogspot.com/
  26. https://financeyourfire.com/
  27. http://www.earlyretirementguy.com/
  28. http://financiallyfreeby40.com/
  29. https://pursuefire.com/
  30. http://thecannycontractor.com/
  31. https://obviousinvestor.com/
  32. https://theenglishinvestor.com/
  33. https://www.iretiredyoung.net/
  34. https://asimplelifewithsam.com/
  35. https://simplelivingsomerset.wordpress.com/
  36. https://indeedably.com/
  37. https://firethe9to5.com/
  38. https://sexhealthmoneydeath.com/
  39. https://lifeatno27.com/blog/
  40. http://www.realmensow.co.uk/
  41. https://lovelygreens.com/blog/
  42. http://twothirstygardeners.co.uk/
  43. https://www.jackwallington.com/
  44. https://sharpenyourspades.com/
  45. https://paulnelson90.wordpress.com/
  46. https://agentsoffield.com
  47. https://www.bbc.co.uk/news/business-47852589
  48. https://www.theguardian.com/environment/2019/apr/21/the-zero-waste-revolution-how-a-new-wave-of-shops-could-end-excess-packaging
  49. https://www.thisismoney.co.uk/money/news/article-6952181/Save-planet-cash-20-little-changes-2-500-extra-year.html
  50. https://twitter.com/HBP_Surgery_CHS/status/1117720690759753730?s=09
  51. https://www.moneyobserver.com/news/nhs-doctors-to-reduce-working-hours-unless-lifetime-allowance-changed
  52. https://monevator.com/weekend-reading-capital-gains-tax-receipts-are-soaring-a-good-bad-problem/
  53. https://inews.co.uk/news/business/britain-entering-golden-age-inheritance-baby-boomers-leave-assets/
  54. https://www.theguardian.com/money/2019/apr/20/an-isa-with-824-fixed-interest-a-year-is-that-simply-too-good-to-be-true
  55. https://www.bbc.co.uk/news/business-48015613
  56. https://www.msn.com/en-gb/news/uknews/half-of-england-is-owned-by-less-than-1percent-of-the-population/ar-BBW2oP3?ocid=spartanntp
  57. https://www.theguardian.com/business/2019/apr/17/house-prices-rise-at-slowest-for-six-years-as-brexit-drags-on-growth
  58. https://www.bbc.co.uk/news/business-47969528
  59. https://www.express.co.uk/life-style/life/1118865/state-pension-uk-how-much-is-state-pension-forecast-2019/
  60. The bull market continues because of the Fed
  61. https://www.which.co.uk/news/2019/04/interest-only-mortgage-crisis-how-can-older-borrowers-repay-their-loan/
  62. https://www.eventbrite.co.uk/e/playing-with-fire-the-london-premiere-tickets-60671084848
  63. https://www.bbc.co.uk/news/business-47956891
  64. https://www.theguardian.com/money/2019/apr/19/so-what-are-the-chances-of-getting-300-off-mastercard
  65. https://www.theguardian.com/business/2019/apr/23/us-stock-market-boom-us-china-brexit
  66. https://www.theguardian.com/commentisfree/2019/apr/16/why-went-viral-after-talking-about-evicted-sky-news
  67. https://www.theguardian.com/education/2019/apr/16/teacher-live-back-van-personal-story-anonymous
  68. https://simplelivingsomerset.wordpress.com/2019/04/16/in-praise-of-the-flexible-isa/
  69. http://diyinvestoruk.blogspot.com/2019/04/orsted-new-addition.html
  70. https://gentlemansfamilyfinances.wordpress.com/2019/04/16/what-i-learnt-from-my-dads-early-retirement-aged-60-part-1/
  71. https://gentlemansfamilyfinances.wordpress.com/2019/04/24/sweet-nectar-money-saving-with-amex-updated/
  72. https://gentlemansfamilyfinances.wordpress.com/2019/04/23/im-a-millionaire-but-dont-look-it-part-1/
  73. https://thesavingninja.com/a-weird-month-savings-report-9/
  74. https://asimplelifewithsam.com/2019/04/02/march-spending/
  75. https://monevator.com/how-to-improve-your-sustainable-withdrawal-rate/
  76. http://www.mrmoneymustache.com/2019/04/11/the-real-benefit-of-being-rich/
  77. https://ditchthecave.com/paying-tax-personal-polemic/
  78. https://ditchthecave.com/money-buy-happiness/
  79. http://fiukmoney.co.uk/hey-kids-whos-for-wallyworld-this-year/
  80. https://thesavingninja.com/how-to-increase-your-savings-rate/
  81. http://thefirestarter.co.uk/the-egg-hunt-is-just-as-enjoyable-as-the-chocolate/
  82. https://indeedably.com/exposed/
  83. http://eaglesfeartoperch.blogspot.com/2019/04/living-with-paroxysmal-atrial.html
  84. https://cashflowcop.com/financial-independence-score-directory/
  85. https://www.iretiredyoung.net/single-post/2019/03/29/Some-small-and-random-things-I-like-about-my-early-retirement
  86. https://www.themiddlesizedgarden.co.uk/how-to-create-an-easy-sustainable-garden/
  87. https://lovelygreens.com/building-raised-garden-beds/
  88. https://lovelygreens.com/how-to-divide-grocery-store-basil-into-healthy-individual-plants/
  89. http://twothirstygardeners.co.uk/2019/04/growing-spuds-in-a-massive-sack-maris-piper-vine-rituals/
  90. https://paulnelson90.wordpress.com/2019/04/27/over-wintering-abundance/