Welcome to Lazy FI Family’s June 2024 results.
For those who only care about the numbers (all good, not judging), you can read the tables below and move on 🙂 After the numbers, I share what happened in our personal life and then what happened in our financial life.
Savings rate
Monthly | 108.77% |
Past 6 months | 61.16% |
Past 12 months | 56.85% |
Year to date (since January) | 61.16% |
Net worth
Change (%) due to savings | 1.43% |
Change (%) due to market performance | 3.61% |
Total change (%) in net worth (nominal)* | 5.03% |
Inflation** | 0.38% |
Total change (%) in net worth (real) | 4.64% |
% of FI number achieved*** | 43.14% |
**Inflation decreases our real net worth. I use CPIH- “Consumer Price Inflation including owner-occupiers’ Housing costs”. As we are consumers and own our home, I think this is the best inflation metric for us. You can see the changes in the index here.
***Reminder- I set our FI number (how much we need to retire) in July 2020 and I update it monthly for inflation.
What have we been up to this month?
As promised in July 2021, I’ll share with you what we’ve been up to the past month. After that, we can talk about the numbers in more detail.
My son’s release from hospital
Early in June, my son was released from hospital and we were finally allowed to go home.
I must admit, I was a bit anxious to go home. Yes, I missed Lazy FI Mum and my daughter but there was something very reassuring about the dermatology team seeing him every day and them being available in case I had any questions.
However, I was happy to go home and looked forward to spending even more time with my son.

June with my son
We (Lazy FI Mum might disagree with this word) decided to keep him home until we (same comment) feel more comfortable sending him to the nursery. After all, he has an autoimmune disease and one of his medications literally (as a main purpose) weakens his immune system. Anyway, he stayed home in June.
For the first 2-3 weeks I looked after him full-time. Then, towards the end of June, we brought in a babysitter to help. I’m very happy we did, despite being against the idea at first.
It’s funny. I’m looking at my Timeline in Google Maps and I can see how we mainly stayed at home until slowly, I gained more confidence to take him out more. It took me roughly 2 weeks to actually go somewhere with him that’s more than a half-hour walk from home (with the exception of one routine revisit to the hospital for a blood test to make sure everything is ok with him and his medication). Our first trip was to go on the Overground to Liverpool Street to look at trains, he loves anything to do with buses or trains. The following day we went to the zoo. The day after, we went to the Transport Museum (We went there 3 times in June).


Once again, I’m grateful for the past decisions Lazy FI Mum and I made as part of our FI journey that allowed me to keep him home and spend that time with him.
Unfortunately, I was so focused on him and looking after him that I don’t remember anything else from that month. To my daughter, if you’re reading this- I love you baby and there are a lot of experiences I had with you in the future updates, I promise.
Training
The only other thing I do remember is finally being able to go back to self-defence training. I really missed that, it’s a great workout, helps my back tremendously and is an important skill as well. I was very happy to be able to go back to training.
June 2024 results- What was different this month from a financial perspective?
Every month something unusual happens. Sometimes it’s a one-off expense and sometimes it’s a one-off income. The fact that this happens every month amuses me but also makes it harder to analyse the savings rate and draw conclusions. That’s why I also use the 6-month, 12-month, and YTD average figures to “smooth” the data.
Anyway, what was different this month?
In short- childcare (as usual), Holidays, and Health.
Childcare costs
As you may remember, we usually contribute to our children’s tax-free childcare account once every quarter (every 3 months). This causes a huge fluctuation in our monthly savings rates. As my daughter is old enough, we only contribute to our son’s account nowadays (woohoo!).
June 2024 was a “no childcare cost” month, which should result in a higher savings rate for such months.
However, as I mentioned- towards the end of June we brought a babysitter to be with him a few hours a day. Although not through tax-free childcare but still childcare expense. This and annual passes to the Transport Museum and The Postal Museum.
Holidays
Once home, I finally had time to catch up on life admin (when my son was asleep). Part of that was dealing with cancelled trips and insurance. The Holiday category relates to cancelled trips, of course.
As I mentioned in previous posts, we were planning to go to Crete with my side of the family in June but due to my son’s hospitalisation, we had to cancel. The hotel and one airline refunded us but the second airline wouldn’t do that, so we still have vouchers.
Anyway, As we got refunded for half of our flight tickets and the hotel, the Holiday category ended up being a “negative expense”, which partially explains the savings rate of over 100%. However, the Health category will be a bigger part of that.
Health
The other part of admin was dealing with insurance. Once home, I submitted the invoices for the private doctors my son saw before he was hospitalised. While scrolling through the insurance categories, I noticed there was a “hospitalisation” category so I read more. I didn’t expect much as we were treated by the NHS so there was no expense to claim. However, I realised we deserve a set amount for every night we spent in the hospital and if a parent spent a night with the child, you get the amount per person (once for the child and once for the parent). That amount is the real reason we ended up with a savings rate of over 100%. Any money that comes from insurance gets treated as a “negative expense” in the health category. That’s because it’s mainly reimbursements for past expenses.
As I’m writing this post, I’m curious to see what would happen if I treated this specific amount as “Other income”. Well, we still save the same amount (obviously) but our savings rate would have been 84.35%. Still not bad 🙂
When can we achieve FI (and possibly retire)?
Warning: This section is for new readers, it’s a copy-paste from last month’s results. If you’ve read any of my monthly results posts, please skip to the next section.
As I told you in the October 2021 results, calculating an FI date is not relevant for us anymore. We will move back to Israel sometime between December 2025 and August 2026. As my models are split into tax years, that means April 2026 is our relevant date.
Once we move back to Israel, I will either move to “just” teaching (no accounting) or try and keep my current job but part-time (unless I need a payslip for a mortgage).
If anyone’s wondering if moving to Israel will help or hurt our FI journey, I present to you this article:
Tel Aviv named as world’s most expensive city to live in – BBC News.
No need to click the link, the title gives it away. Good luck to us.
In any case, we will not reach our full FI number by the time we move to Israel. Therefore, the only relevant question is…
How far into our journey to FI will we be by April 2026?
Based on my “regular” (which is more like a worst-case) scenario, we expect to be 51.74% FI by April 2026. I’m still excited to be over the 50% mark and now we’re even getting some safety margin, awesome!
As I say every month, I think it’s going to be very close to that benchmark in the end.
As a reminder, this number is based on our UK level of expenses. I don’t know how expensive Israel will be for us. We’ll need to track our expenses for a few months there to get a better understanding. Also, I will have to learn all the little local tricks (like I learned in the UK) on how to save money, get free stuff, and reduce my tax bill.
The April 2026 model assumptions
Warning: Another copy-paste section mainly for new readers.
My model assumes that only our ISAs, LISAs and pensions (essentially, our stock/equity investments) will generate an annual real return of 4%. Meanwhile, I assume our real estate and cash will retain their real value but not increase.
In addition, I assume no future income from teaching as I can’t reliably forecast how much I’ll earn from this side hustle. That means any future income from teaching will be treated as a pleasant surprise.
Another future income I ignore is my job’s annual bonus. Just like teaching, any future bonus is not guaranteed. That means that if my employer has a bad year, the bonus can potentially be 0%. My model assumes every year is such a year. Again, any bonus that does come through will be treated as a pleasant surprise.
I know these assumptions are very prudent but I prefer being prudent and positively surprised to “realistic” and having to deal with unforeseen issues.
Summary
From a financial perspective, great month! Over 100% savings rate is obviously something special.
From a personal life perspective, it was mainly adjusting to being back home.
Well, that’s our June 2024 results, Have a great week everyone.