Rate my financial situation

Haha thank you. Feel like it might feel like backwards progress if I move next year cause I'll need to pay a fair bit in moving costs but hoping to continue to save enough to mitigate it a little

Thought I'd do a one year update, I come back to this thread every now and again to see how I've progressed. Interest rate changes changed up my original plan in February as it made sense at that point to change it up a little

So I'm now 34 still live alone
I own a house worth roughly £220k (not really gone up or down in value in 12 months) with around £59k mortgage left to pay, so increased by £14k. I was able to keep my very low interest mortgage and get a pretty low 2nd mortgage in February just before they jumped up again
£0 in debt on credit cards or loans so down £14k id paid a chunk of this off before the extra mortgage
Income around £44k a year so technically up £2k gross a year
£9k savings and s&s isa combined, so 3 month emergency fund in savings and the rest in an s&s isa
Joined pension in March following the remortgage so this is now dragging my net pay down quite a bit
So £9k net worth increase in 1 year excluding joining the pension scheme
Continuing to save each month and interest rate on savings currently matching 2nd mortgage interest rate and exceeding the interest rate on 1st mortgage, so not overpaying on the mortgages currently

Feel like my financial situation a little better rounded this year compared to 12 months ago
I may be moving house around this time next year and might need to increase mortgage a little and maybe the term. But the plan is to find a forever home with either downstairs shower room or a bungalow that I can stay in through old age and get it paid off well before retirement if possible. So my financial situation may look quite different in another years time. But I'm pleased with my progress so far

Caleb hammer is quite shouty, very different style to Dave Ramsey. Does make you reconsider purchases about whether they're essential or if he would be shouting at you if he read your statements 😂 again very American and alot of the people are in like crazy debt for crazy purchases like 4 cars on finance and spending a million dollars on eating out.rather than your sort of normal run of the mill stuff

You can rate me whatever you like, but it sounds like you're rating my agreeableness with strangers on the internet that looks at things in the same way you do, rather than my actual financial situation.

Other than not opting into a pension right this very second, what else do you disagree with about my plan? Genuine question

@CaptainSevenofNine not sure of exact percentage of employer contribution although it is a decent one

Yes I know how much my contribution would be, the only way I could afford it is by reducing how much I save into emergency fund, so for now I am prioritising the emergency fund

There is a payment for next of kin if I die in service - not something I care about if I'm honest, they can have the equity out of my house if I died tomorrow, I have no dependents

My savings are not in a Lisa as I want easy access without penalties for my emergency fund

Basically if I wait about 18months I can be debt free, with an emergency fund and I can join the pension fund and contribute for the next 32/33 years, so I will have a pension when I retire, will the pension be as large as if I started paying when I was 20, no, will it be dramatically smaller because I paid into it for 32/33 years instead of 34, also not really. I appreciate it will be lower but it won't be the difference between me surviving or not

I am not expecting to live off my state pension when I retire. I will start pension fund contributions in the pretty near future, it is not the end of the world
I can also look into investing more money else where once I am not longer paying off debt or building my emergency fund. I will have the house paid off by 42 at the latest, which will free up more income to save and invest ready for retirement

It won't be at 0% forever so I'm trying to clear it down before interest kicks in, yes I can transfer to another 0% credit card but that would incur a roughly 3% balance transfer fee

You haven't been ignored I've answered why I'm delaying contributing to a pension for the next 1.5-2 years, feel free to read my previous comments to find the answers. I understand how pensions work, lack of knowledge about how compounding interest works, employers paying in, free money etc etc is not the issue

Speculating about what may or may not happen to the state pension is very off topic. Please see my OP and previous posts. I haven't asked if I should join a pension or asked for any advice although I have responded numerous times about my plans for starting contributing to a pension in the future

Yes I think in some cases it may well be the case that they are looking at it from the perspective of a 2 income household. If I was sharing the bills with another person I would very happily start contributing to my pension and paying the debt down slower if needs be as the risk of losing income is mitigated a little by having someone else earning.
Well done on getting on the house ladder in the south east, I imagine that's a lot harder than doing the same where I am, so well done you for achieving that on your own.
Are you hoping to join the pension once you've got a savings cushion behind you?
I do think knowing you'll have the house paid off in retirement does also protect you a little as you haven't got to worry about paying rent out of your pension and there aren't as many council houses available nowadays so I don't think you can rely on having a house with cheap rent.
It's scary how much rent has gone up even in the last few years. So my theory is my pension pot doesn't need to be quite as large as someone who needs to pay for rent each month as that's one less expense

I think it'd you read my OP you will see I think people's view on financial situations is pretty polarised on here. I asked people to rate my situation. I've accepted people's ratings and answered questions to how I'm in this position now, the good and the bad. I haven't said they're wrong if they prioritise their pension, I've explained why I'm okay to put it on the back burner for another 18 months - 2 years. But I am comfortable with my plan going forward. I don't have to agree with you and you don't have to agree with me.

I'm not sure how you think this post is a scam? I have clearly stated in my OP what I was asking and have seen some people like yourself, say how horrible my situation is. Others think I'm doing really well. Some have rated me where I personally view myself at a 3/4 and with potential to get into a fairly comfortable position in a couple of years. I haven't said anyone is wrong. I think it highlights how differently people can view the exact same financial situation.

I don't think think it's self indulgent for me to say I've taken into account the pros and cons of a plan and I'm happy to stick with the one I have.
I corrected you when it came to paying for care and that banks don't take all your equity if you're not in negative equity in the event the house is sold because you haven't made payments. I'm assuming you've taken offence to that for some reason, but I don't think it's necessary to scaremonger people into thinking there house equity is worth nothing and a bank or council could steal it from them at any moment either.