Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Firegirl
    • By Firegirl 12th May 15, 8:29 AM
    • 714Posts
    • 2,871Thanks
    Firegirl
    FIRE Through The Mortgage - MF by 55 - LATEST
    • #1
    • 12th May 15, 8:29 AM
    FIRE Through The Mortgage - MF by 55 - LATEST 12th May 15 at 8:29 AM
    Hi Everyone,

    I've started a brand new diary!!!! I have decided I want to recalc my figures in line with retiring by 55.

    I'll keep you in suspense for now but I'll pop back later with some figures.

    19 Years - MF at 55
    May Year - Remaining debt
    May 2015 - £239,992
    May 2016 - £228,450
    May 2017 - £216,793
    May 2018 - £205,020
    May 2019 - £193,132
    May 2020 - £181,125
    May 2021 - £169,000
    May 2022 - £156, 754
    May 2023 - £144,388
    May 2024 - £131,898
    May 2025 - £119,286
    May 2026 - £106,548
    May 2027 - £93,684
    May 2028 - £80,693
    May 2029 - £67,574
    May 2030 - £54,324
    May 2031 - £40,943
    May 2032 - £27,430
    May 2033 - £13,783
    May 2034 - £0
    Last edited by Firegirl; 12-05-2015 at 10:21 AM. Reason: Adding Detail
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
Page 14
    • A Frayed Knot
    • By A Frayed Knot 28th Nov 16, 10:47 PM
    • 2,127 Posts
    • 9,569 Thanks
    A Frayed Knot
    What's for you and all that. Got my fingers crossed for you. Good Luck.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • jodles16
    • By jodles16 28th Nov 16, 11:26 PM
    • 1,313 Posts
    • 3,954 Thanks
    jodles16
    I cant believe they made you wait so long to tell you about the redundancy, I had to wait about threeish months, they made us all apply for our jobs again 'as the role had changed', so many people left they had to recruit again!!

    Best of luck with your interview, a lady I spoke to who sits on interview panels said that its best to ask about flexibility in the interview as it shows you are thinking about actually being in the role and the people know what you want!

    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • Kittenkirst
    • By Kittenkirst 29th Nov 16, 6:15 AM
    • 1,594 Posts
    • 8,235 Thanks
    Kittenkirst
    Fingers crossed for good news from the interview.

    I'm currently waiting to hear more re redundancy or job mapping, it seems to take forever to hear anything.

    Does your workplace do any grants for training/education with their redundancy packages?
    2017 MFW #20 - OP £1958.94/ £2150 91%
    Last 3 months-Aug: £212.52 Sep £206.32 Oct: £176.97

    Emergency fund £3880/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Firegirl
    • By Firegirl 7th Dec 16, 7:28 PM
    • 714 Posts
    • 2,871 Thanks
    Firegirl
    Thanks for all the good luck posts!!!! I didn't get the job!!!! Strangely I'm not to bothered that I didn't get it. What's for me won't go by me! Onwards and upwards!

    Signature updated with new balance so that cheered me up!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 31st Dec 16, 4:51 PM
    • 714 Posts
    • 2,871 Thanks
    Firegirl
    I'm hoping 2017 brings better things for me in my career!!!! And in turn paying down the mortgage faster!

    New year currently is bringing me loads of ebaying at the moment and signing on the dole! Lol

    Happy New Year everyone!!!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 14th Jan 17, 12:05 AM
    • 714 Posts
    • 2,871 Thanks
    Firegirl
    Just updated my signature and I've broken the 225k barrier!

    Also a very promising job in the pipeline!!! Fingers crossed it works out because if it does that means my redundancy package could go to good use rather than just being spent on living.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 15th Jan 17, 3:34 AM
    • 714 Posts
    • 2,871 Thanks
    Firegirl
    New but not new discovery. I've always looked at the discount section in Asda but by buying one thing there and chatting about redundency I find out that at 7pm in My local supermarket they mark everything down to ridiculously low prices. I got 4 salmon pastry parcels for £1. Salad for 20p and ham for 20p. Got a whole bag of stuff for £5! I think the best thing to do is buy stuff to go in the freezer.

    I also am trying kids on various things that they haven't tried and it won't annoy me as much if they don't eat it.

    Very exciting discovery but just have to remember what we've got in the freezer!!!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 20th Jan 17, 3:58 PM
    • 714 Posts
    • 2,871 Thanks
    Firegirl
    Update on my bargain hunting!!!! The salmon pastrys were really horrible!!!!! Really can't believe it cause I was so excited!!!!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • mumtoomany
    • By mumtoomany 20th Jan 17, 4:08 PM
    • 135 Posts
    • 1,158 Thanks
    mumtoomany
    Re the salmon pasties, try complaining to Asda, they may give you a refund. It's worked for me in the past. M2m.
    • Kittenkirst
    • By Kittenkirst 20th Jan 17, 5:06 PM
    • 1,594 Posts
    • 8,235 Thanks
    Kittenkirst
    Oh how disappointing that they weren't nice!

    I buy yellow stickered stuff when I can but it seems like the supermarkets near me are a bit more wise to it so only take off 20p or 30p. I generally buy veg (usually lasts longer or can be frozen/made into soups for work lunches) and good bits of meat/fish for freezing....I find it helps us eat more varied but without breaking the bank
    2017 MFW #20 - OP £1958.94/ £2150 91%
    Last 3 months-Aug: £212.52 Sep £206.32 Oct: £176.97

    Emergency fund £3880/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Firegirl
    • By Firegirl 28th Jan 17, 9:54 AM
    • 714 Posts
    • 2,871 Thanks
    Firegirl
    https://www.google.co.uk/amp/www.telegraph.co.uk/women/life/buy-nothing-year-one-woman-saved-22000/amp/?client=safari

    Interesting read!!!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 28th Jan 17, 9:55 AM
    • 714 Posts
    • 2,871 Thanks
    Firegirl
    I'm being a bit more careful what I buy in the bargain section! Good tip to tell Asda they weren't nice next time!!!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 2nd Feb 17, 3:05 AM
    • 714 Posts
    • 2,871 Thanks
    Firegirl
    Mortgage balance updated

    Job prospects are looking up now. There's a few rumblings so fingers crossed something comes up for me soon! I've put my redundency pay in my offset mortgage savings so it can stay there til I get a job and then I'll decide what to do with it!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 18th Mar 17, 6:20 PM
    • 714 Posts
    • 2,871 Thanks
    Firegirl
    Still no job but have applied for 1 with a 2/3 pay cut but I'd be there for the kids to drop and collect from school. They are growing up way to fast and I'm half thinking I can rejoin the rat race when they get older.

    I'm enjoying volunteering and realising there is a reason they call working in certain high pressure environments selling your soul to the devil! The more I'm away from all the stress I feel healthier and everything. So watch this space!!!! Who knows what I'll be doing next!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 1st Apr 17, 12:49 PM
    • 714 Posts
    • 2,871 Thanks
    Firegirl
    Sig updated. So close to breaking the 10k barrier. Planning to do a lot of fleabaying this afternoon.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • lippy1923
    • By lippy1923 1st Apr 17, 5:34 PM
    • 1,230 Posts
    • 3,428 Thanks
    lippy1923
    Good luck with the job hunt. And well done on the almost 10k barrier. You are sooooo close :-)
    Total Mortgage OP £17,500
    House Value £250,000 Mortgage £93,703
    Emergency Fund £25,500

    • Firegirl
    • By Firegirl 5th Apr 17, 2:47 AM
    • 714 Posts
    • 2,871 Thanks
    Firegirl
    Can't believe I woke in the night and had to check my mortgage balance!!!

    I am very excited to say that I have knocked 10k off my mortgage balance!!!! This is a mix of redundancy payment and taking money from investment profit.

    This reduces my monthly payment by £50 a month........obviously I'll be overpaying that.

    I wouldn't have this every year but it's a great we boost this year!!!

    Excited looking at my sig!!!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Karmacat
    • By Karmacat 5th Apr 17, 8:25 AM
    • 27,857 Posts
    • 152,714 Thanks
    Karmacat
    Congratulations Firgirl! No wonder you were excited! That's a big step in the right direction
    Retired August 2016
    • Firegirl
    • By Firegirl 5th Apr 17, 3:37 PM
    • 714 Posts
    • 2,871 Thanks
    Firegirl
    Thanks KC!!!!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £198, 729
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • A Frayed Knot
    • By A Frayed Knot 5th Apr 17, 8:44 PM
    • 2,127 Posts
    • 9,569 Thanks
    A Frayed Knot
    Congratulations from me too, Well done

    Fleabaying should also help, great to bring in the ££'s


    Good Luck on the job hunt.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

610Posts Today

5,971Users online

Martin's Twitter
  • RT @LordsEconCom: On Tuesday Martin Lewis, Hannah Morrish & Shakira Martin gave evidence to the Cttee. Read the full transcript here: https?

  • Ta ta for now. Half term's starting, so I'm exchanging my MoneySavingExpert hat for one that says Daddy in big letters. See you in a week.

  • RT @thismorning: Can @MartinSLewis' deals save YOU cash? ???? https://t.co/igbHCwzeiN

  • Follow Martin