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Impatient Londongirl's diary - need to clear my debts!!
Comments
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well done for making a start... try keeping a spending diaryto see where your money is going http://www.spendingdiary.com/ (its free and private) you can crack this... when I joined a year ago I thought it was impossible but I have made so much progress over the last year it is unrealAchieve 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 -
Ye I would agree with Fire Fox, im pretty sure the PayDay Loan thingys have really high - https://www.paydayuk.co.uk/pages/our-charges.html theres an example but if you are with a different firm it might be slightly higher or lower but that is still REALLY high.0
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