In our How I Manage My Money series, we aim to find out how people in the UK are spending, saving and investing money to meet their costs and achieve their goals.

This week, we speak to Darryl Shear, a 52-year-old architect and business owner living in Hove. Darryl, who has a 19-year-old son, recently secured a mortgage which runs until he is 75. Following a divorce, he does not expect to retire by the age of 75 . Darryl thinks VAT on residential projects should be scrapped.

My monthly income: I pay myself a wage and dividend from my business , Shear Architectural Design, giving me an income of about £4,000 a month.

My monthly outgoings: My outgoings are lower than normal at the moment. Following a divorce, I am living at my parents house and am paying them money each month as ren

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