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

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Comments

  • Lemon_Tree
    Lemon_Tree Posts: 10,202 Forumite
    Part of the Furniture 10,000 Posts
    12.5% is a huge amount to pay off! well done you. Maybe they want a Dr's note for insurance purposes, if you come back early at my place they do that as well.
  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    hi jellie - really hope you manage to get back to work - even on a phased basis that has got to be good
    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 10/10/25
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    Thanks everyone. Letter was for insurance purposes.
    Work is going ok. Unfortunately I'm spending a bit too much in the joy of being out and about. Not anything catastrophic but I won't make as much debt busting progress this month. Next month will also be tough with OH birthday and Christmas. Christmas pressies sorted but need to sort out something special for OH (no idea what!) and am likely to spend more in my holidays as I try and get out and get a life!
    2019 fashion on a ration 0/66 coupons
  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    hi jellie - glad you are finding work okay. My spend has gone up too since starting work even tho I haven't been paid yet! Oh well that is life sometimes!
    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 10/10/25
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    Glad I'm not the only one! Some of it can't be helped such as using more petrol. However, I've been spending more on eating out etc as I think it is important for relationship with OH that we get out and do some of the normal things we enjoy now I feel a bit better
    2019 fashion on a ration 0/66 coupons
  • missymoo81
    missymoo81 Posts: 8,034 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    hey ya hun, just caught up on the last few days, so glad that you're feeling better you seem a lot brighter and breezier. Must be lovely to be out and about again.

    And don't worry if you spend more than normal, you need to live abit sometimes don't you, especially when you've spent so much time at home.

    keep smiling hun, you're doing brilliantly

    x
  • Primula
    Primula Posts: 953 Forumite
    Hello

    Just catching up too, and was so pleased to read you are back to work (and part-time sounds perfect?!!), you must be so pleased. Great news too on that massive payment. Well done and enjoy the going out and about again, you deserve it.

    P
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    Thanks Missy and Prim.
    It shows how much I've changed that I now feel distressed if I can't throw hundreds of pounds at my debt in a month.......when I started here I wasn't even living within my pay many months!
    2019 fashion on a ration 0/66 coupons
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    Just paid my PADs so far this month....another £200 off my debt
    2019 fashion on a ration 0/66 coupons
  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    well done jellie!
    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 10/10/25
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