To have a Fuck Off Fund?

[TheBeesKnee]

I currently have 6 months' salary in Premium Bonds that I'm topping up with bonuses, birthday money and any dribs and drabs that come in. My aim is to get it to full holdings.

It gives me comfort to have relatively liquid cash that I can use in the event that I need to suddenly start over.

Sometimes I am so cross/fed up with DP that I daydream about buying a little flat somewhere by myself and decorating it exactly as I want and working on creative projects every other weekend while he has DS.

This feeling normally subsides pretty quickly but I like having the "option" there as a reality that I wouldn't have if I'd put that money into our mortgage.

To be clear, this is separate from savings/investments etc and is earmarked for this specific purpose.

YABU - I do not have a FOF
YANBU - I have a FOF

I didn't have one but I'm wishing I did. Although saying that he would just be taking half of it with him now coz we are divorcing 🙄

Why do you want full holdings? Your numbers are entered into each draw regardless of number held!

If you’re not married you’re separate legal entities so it’s fine. Less point if you are married as assets are shared and part of divorce.

Because she then has a FOF of £50k? (And more chance of winning)

eh?

AKA scheming banditry

In 40 years adulthood, I've had to use mine twice, once when I discovered then 'd'p was sleeping with one of my friends and once, after DS was born when his df morphed into a controlling aggressive weirdo, and I had to pick up DS and run.

It is never a bad idea to have an emergency fund that your dp doesn't know about. If he is a good man he may appreciate it one day.

Keeping my fingers crossed for you winning a nice little bonus Bees 🤞. I'm a single parent so don't need a FOF but it sounds like a great idea.

I have a FOF and I'm not even in a relationship 😂
I think everyone should have one!
One time, a few years back, I was having a very difficult time. I used my FOF to fuck off abroad for 6 months! Did me the world of good.
I keep it separate from any other savings which are usually earmarked for something.

As long as you're fine with your partner keeping the same proportion of salary/bonus to himself. If he's putting everything in to a joint pot while you keep chunks of income (excl birthday money) to yourself then that is wrong.
You could probably get a better ROI elsewhere but if you want something risk free and easily accessible then premium bonds are a decent option.

Yes, appreciate the more holdings you have, the chances of winning increases, but the bonds have poor interest rates compared to an ISA or similar.
Would it be better to spread savings across higher interest accounts as well as having some in n s & i?

Anyone with a brain cell would have one.
Have a pocket he knows about and a pocket he dont.
Ive always have had pocket know one knows about.
Im also a minimalist so if shit hits the fan ive got nothing to lose but always got funds to cover me.

I have savings that my DH knows about and I have an equal amount that he doesn't. It shall stay that way.

My wife has one, or in fact 22. (Isa’s)
Nothing stopping her cashing in the lot on Tuesday and eloping to Gretna Green.

I have had one since I was 14 my wonderful DF started it for me and added money to it every month until his death - my DH knows about it and fully approves and has recently put a sum away for our DD. Thankfully I have never needed it.

I have what I would consider as a fuck off fund, but it’s not for moving out or starting a new life etc.

It’s more for when I get consumed by the monotonous routine of life and working, or if I watch too many TikTok’s of people on gorgeous yachts or in the Hamptons. I take from my ‘fuck off fund’ to treat myself to something so I can feel special for a little bit. It ain’t easy being materialistic but not a millionaire 🤣

Not that I've ever thought I'd need it but I have 2 years salary that I could access immediately if needed. My DH knows about it and he has about the same.

They are just out separate savings but neither of us has access to each others accounts (we've always kept our finances separate apart from a fund for home improvements).

Since you aren't married he has no legal entitlement to that money in the event of a split, so don't think of it as a FOF just think of it as 'my rainy day savings' and let it go at that.

And since you aren't married, if you are financially dependent on him or have nowhere else to go in the event of a split, having your own savings is even more imperative. The same is true in the event of his death if you don't have joint finances.

I started my fuck off fund long before I met my partner. It was something my mother ingrained into me. Keep myself financially secure at all costs. It has a very nice sum of money in it that I continue to top up. It has also been a great security blanket

The more you hold the more chance of winning you have because you have more numbers entering the draw.

So people who can't afford to save don't have a brain cell? Lovely

My partner and I don't have joint accounts, and never will. I'd be quite happy for him to have separate savings but he's a bit shit with money and ends up spending any extra he has (though is fine with bills, mortgage etc).

Yes, understand! See previous post!🙂

I think it's very sensible to have one if you can. It is something I have deeply regretted not having as I've been trapped for a very long time.

YANBU - far from it. Both my grandmothers told me that women should always have a secret fund. Mine was invaluable when my ex cleared out our bank ac.