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Trials and tribulations of a Debt Free Wannabee!
Comments
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Well got another £10 from free scratchcards on the way so that is goodAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
The_Golden_Goose wrote: »Hello!
How are things in the Holmes Household?
Wish Martin Lewis would give me an overhaul! By that I mean my financial bits and bobs, as clearly I am a happily married woman!
If only you could do it without going on television!2019 fashion on a ration 0/66 coupons0 -
Knee is bad again today - which could put paid to a return to work next week. Quite depressing from a financial point of view. Feel like I may be having another LBM!
Our fixed outgoings including minimum payments before food and petrol or anything else are about £1500. OH, Child Benefit and Tax Credits is about £1800. So that leaves £300!
While I am on sick pay then that is an additional £320. When I am working it is obviously much better
So if we were being perfect that means we would have £620 for our other expenses which might be doable if we were really, really good! I think I need to have a think about meal planning etc to try and stay within that.... rather than overspend
I need to cut out all the spending I have been doing on jewellery, clothes and concerts too!
One positive is that I am definitely being paid Monday so that is good at least!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
I think I am going to give moving to cash another go as a way to save money
Next week allowance
£50 for petrol
£50 for groceries
£16 for school dinners
£23 for cleaner
£1.50 for DD pocket money (DS gets his monthly)
So if I get £150 out cash that should be okay.
(£8 will be spent on afterschool club but paid monthly)
I really need to do a storecupboard challenge tho and try work out everything I already have so I can make a shopping list with essentials only to minimise waste / overspend! I think I might take piccies of what is on my cupboard and freezer and then translate that into a spreadsheet...Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
Well overspent already by £8 on grocery budget!
I have done an online shop from Asda £65.50 after £5 voucher applied to cover delivery. It was doing okay I was at £57.50 which included a contribution of £1.50 from my DS, plus £6 from his school lunches (he has agreed to take sandwiches) and £50 from budget but I saw that dishwasher tablets were less than half price so got 2 packs of 42 for £4 each which should last us until at least the end of March...
As a shop - was quite pleased tho - as that included
£8 dishwasher tablets (84 tablets)
£2 mr muscle - 4lots (less than half price)
£1 shower spray 2 lots
£3 washing machine tablets 28 or so....
£14 on household items which should last ages....
Just have to hope underspend on petrol - OH filled up £25 on petrol the other day - he reckons it can last 7-8 working days. My tank on my car is over half full too so may make a saving there
I edited my order - and added eggs, baked beans and batter mix - adding another £8 or so to the bill - oops! But if I went in the shop I would spend more! I do have a £7 item to return to Asda's so that should compensate a bit!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
I have sold £6 of amazon vouchers to DS tho so that is good - but the amazon vouchers were already in my £10 a day challenge so can't count them twice!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
PS - I have realised today that we spend £16 per month on our bank account - I thought it gave us a much reduced overdraft rate but it doesn't - so potentially if I change this account we could save up to £192 per year! It does give us free travel insurance (but not travelled abroad recently) and free RAC cover (but I am sure thro quidco or tesco clubcards) we could get a better deal. So that is my next task over the next few weeks - but really need to be overdraft clear before we do this....Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
You are sounding very organised SavingH!Total (Aug 19):€58,567 Now:€26,947
DFD:Nov 22/June 22
Mortgage: €199,712
MFD: March 2042/July 20340 -
I thought it was about time! I have been quite naughty spend wise recently and need to recoup that spend somehow / stop it in its tracks!clearmydebts wrote: »You are sounding very organised SavingH!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
savingholmes wrote: »I thought it was about time! I have been quite naughty spend wise recently and need to recoup that spend somehow / stop it in its tracks!
I can relate to that
I spent quite a bit in the sales & am trying to justify it by saying to OH that we won't have lots of presents to buy during the year but I think I need to stop too! Total (Aug 19):€58,567 Now:€26,947
DFD:Nov 22/June 22
Mortgage: €199,712
MFD: March 2042/July 20340
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