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Jellie's attempts to banish the wobbles and get debt free!

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Comments

  • BEAT_THE_DEBT
    BEAT_THE_DEBT Posts: 2,219 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker PPI Party Pooper
    Fab news well done and best of luck jels.xx
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    Cheers BTD!
    2019 fashion on a ration 0/66 coupons
  • savingholmes
    savingholmes Posts: 29,130 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You're welcome to any encouragement that is what this board is supposed to be about!

    Have a good week
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.3K Equity 36.55%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
    (If took bigger lump sum = 62K or 48.6%)
    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 £5.1K updated 14/11/25
  • maysmummy
    maysmummy Posts: 230 Forumite
    Tenth Anniversary
    Well done Jellie.
    You and yours deserve to feel very proud of yourselves.
    It must feel great being in sight of being DF.
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    It's actually getting hard to resist spending now I'm getting close to my goal! You guys will have to keep me on track to make sure I start saving rather than frittering!!
    2019 fashion on a ration 0/66 coupons
  • Primula
    Primula Posts: 953 Forumite
    *Jellie* wrote: »
    It's actually getting hard to resist spending now I'm getting close to my goal! You guys will have to keep me on track to make sure I start saving rather than frittering!!


    Stay strong Jellie, you're nearly there and then you can spend but only if you promise to pay in cash! :)
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    Primula wrote: »
    Stay strong Jellie, you're nearly there and then you can spend but only if you promise to pay in cash! :)

    Good point!
    I guess that if I redo my budget I can do my usual trick of sticking savings and spending money straight into different accounts. Then I'll try and keep putting any left over spending money into savings in the same way I have been for paying the debts off.
    2019 fashion on a ration 0/66 coupons
  • savingholmes
    savingholmes Posts: 29,130 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You have been doing really well - don't let yourself blow it now! You are an inspiration the way that you have managed to say no so often to what you want to buy.... When you are debt free you will have more options to say yes! Which will be lovely!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.3K Equity 36.55%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
    (If took bigger lump sum = 62K or 48.6%)
    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 £5.1K updated 14/11/25
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    Thanks SH. I've decided to focus on saving for things for the new house etc. I guess the main thing is to get things with money I've saved and not use the CCs unless I've saved the money to pay in full at the end of the month! I'll have to look at the best cashback deals!

    Paid another £55 today. It will really help me in this last stretch that I now don't have to pay household bills for my house!! Can't wait to get paid!


    debt.png
    2019 fashion on a ration 0/66 coupons
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    Just realised I should be able to pay off my debts and start saving on pay day- over a month earlier than planned!! :j
    I'm feeling quite proud of myself as I was originally supposed to be debt free in September so I should have knocked off 6 months from my debt free date by deciding to aim high and try and be debt free for my birthday!!
    2019 fashion on a ration 0/66 coupons
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