So having dipped into the rainy day fund for last year's holiday, thought I better do some sort of objective check. yes it's spreadsheet time again.
First run looking at average life expectancy for our ages (15 years
), chance and cost of having to go in a home for say 5 years (it's ~ 50% and £££££
), whether our pensions fully cover the other's likely spend if (well when) one of us dies (they don't
) and will we want at least one more decent car (yes)
First cut result: not enough money in the pot
A second cut ruling out things like covering if we both die early (we won't care) and there probably is enough
. But it's a sobering exercise.
