Partner excessively investing for long term

[RugbyMum20]

Is it me or is it OTT for someone in their late 20’s on an average income to be regularly investing into a S&S ISA with the intention of this not being accessed until their 50’s? They probably have a spare £7/800 to save at the end of each month and regularly put about £350 of this into this ISA. For context - 1 child and own house with a Mortgage.

Edited to say he has a workplace pension too.

I personally couldn’t save 50% of such a low disposable income. Do they ever go out to eat? Socialise with friends? Take their child out? Buy presents for people? Go on holiday? Buy clothes?

Very sensible, well done to him. I wish I did this and retired early. I now need to work past my 60’s .

What are your thoughts on marriage OP?

They’re saving 50% of what’s left, not 50% of their disposable income!!

Better placed? By spending it on you and the things you want?

A S&S ISA can be accessed at any time - it’s just a tax efficient savings vehicle which benefits from compounding of market returns.

If you do decide to move to a bigger place then it can be used (appreciate the current plan is for 50+ but plans can change…)

So you two aren’t on the same page financially…

Have you sat down and discussed?

What sort of stuff do you do though? Is it eat out twice a year or once a month or once a week? as an example. Every person has a different view on what’s acceptable.

We ate out every couple of weeks, holidayed overseas once a year with maybe three weekends away. We could have eaten out every week, even multiple times and gone away three times a year with no issues. But if we had I wouldn’t have been able to retire in my mid fifties. I saved max isa allowance for years and even had a Tessa before which was the product before ISA.

You have the allowance every year, if you withdraw there are penalties but it can still be withdrawn.

Seems sensible to me.

Also what’s your savings compared to theirs?

Middle ground is needed I think. Yes save, but have a life. Hopefully they are providing child with experiences and yearly holiday.