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Retiring and living frugally in money from downsizing after years of stress

(36 Posts)
ElaineMcG47 Sat 13-Jun-26 19:35:10

I am 60. I am thinking of selling family home and downsizing to a 2 bed cottage on half an acre left to me by my unle. I am in Ireland. The cottage required a lot of work but vacant home grants were available for a some of it as it had been vacant for 9 years.. I have mentioned on another thread that my adult children have been emotionally abusive for many years and that hasn't changed. I also had a very stressful job working in the health setvices both in UK and Ireland for years. My adult children are 23 and 24. If I sell the family home I will have 360k. I will give my children 15k each as help for renting for the first year - it's incredibly expensive in Ireland yo rent or buy. Then I would use 300k of this money for 6 years until my Irish State pension.does this sounds like a crazy decision. I am totally burnt out from my job, have arthritis in feet and knees and am emotionally destroyed by years of heartbreak with my adult children since their mid teenage years.

ElaineMcG47 Sat 13-Jun-26 22:48:21

Thd 15k will be a one off payment. I have made that very clear, though I dont think they deserve it. Re if my mobility worsens ' yes, Miss Adventure - I have made plans - I have one surgery for arthritis in July and two more over the next 18 months, so that hopefully will help with my mobility long term. I put in a walk in shower in my cottage- the Council helped with some of the exoenses for this due to my arthritis. Tesco and the Irish supermarket, Supervalu, deliver groceries to the village I live in, and there is an hourly bus into the local town which also stops outside the hospital, so I think I will retire easily here..

Grandmafrench Sat 13-Jun-26 23:01:18

I'm so sad for you and for the treatment you have suffered at the hands of your own Daughters. Not sure that a 'shit mother' and 'warped' child beater should be rewarding each of them with £15,000 of your very hard-earned money! Isn't it time that you lived up to your 'reputation?' They're adults and more than capable of organising their lives well away from you. Your moving on with plans for a new life might even, eventually, make them reflect on how they've treated you.....and one gift of money (however you assure them there'll be no more) will only lead them to expect more when it suits!

I wish you peace and a happy life in a new place. The countryside works wonders for the soul. Try to focus on your own plans and don't be a victim any longer.

Wishing you so much luck, and better health x

MissAdventure Sat 13-Jun-26 23:09:20

ElaineMcG47
Ah, that's good to know.
Happy, happy retirement, then smile
P.S why not give your adult "children" a lesser amount?

rafichagran Sat 13-Jun-26 23:09:48

Wishing you well. X

rafichagran Sat 13-Jun-26 23:10:47

Sorry I don't normally do kisses. It seemed natural given how hurt you have been.

Silvergirl Sat 13-Jun-26 23:21:58

I hope you have a long and lovely retirement.

I retired at 60 with a small work pension. I suddenly realised the things I enjoyed most cost nothing ie long walks in nature, reading library books, keeping fit, healthy cooking, talking with friends etc. You deserve it.

NotSpaghetti Sat 13-Jun-26 23:56:42

Please put your money into a safe and decent interest earing product with easy withdrawals.

Good luck.
I hope you will be trulh happy.
shamrock

ElaineMcG47 Sun 14-Jun-26 00:26:13

Thank you to all of you for all your supportive replies. I ferl inspired to take the plunge! Silvergirl, I think I will find I spend very little when I retire, the allotment, the library, a book club, snd having friends around for coffee - I like to bake - no work clothes which I hate buying and no commuting. It's sad though the way things have turned out. As I'm moving I was putting lots of photos in frames and loose photos in a fire proof bags tonight - my cousin's family photos got destroyed in a house fire, so I am cautious - into my sideboard. We had such lovely times the three of us, celebrations, holidays birthday parties, communion celebrations, visiting family, having friends around - all lovely photos from these times. That sll changed when they were around 14. I don't recognise now from the teenagers they were and the adults they are today, those gorgeous young children. As teenagers they caused a lot of damage to our home, which I struggled to pay to fix and this happened up until they were 20/21 - no remorse about it at all.

Chestnut Sun 14-Jun-26 00:40:15

ElaineMcG47

Thanks to all of you again for all the encouraging replies. Delila - it's a cottage that has been in my family since 1932 - thry won't visit though, they hate the countryside, and think everyone there is boring - so I will have peace!

I think you really need to consider access to essential services as you get older, especially if you have leg/knee or mobility problems. You may find you can't get out and about as easily, so living in a quiet location is not such a good idea,

Even when you lose your car you will need access to shops, pharmacy, hospital, doctor, dentist, eye testing. Some may deliver but not all. Just something to consider.

ElaineMcG47 Sun 14-Jun-26 00:50:47

Thanks. Chestnut. My cottage is at the edge of a village. There is a pharmacy, a convenience store, three restaurants, a pub and a library which is open three afternoons a week - it's a satellite of the larger library in the nearest town. I hope I won't have to move again , though one never kniws what is around the corner. as I love my little cottage and it's 0.5 acre garden - more of a firld still though.