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Jellie's attempts to banish the wobbles and get debt free!
Comments
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hi jellie - don't beat yourself up re xmas costs - I agree it is hard to hit the right balance without appearing scrooge like or going in the complete opposite directionAchieve 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 -
Hiya Jellie and all
Not been on here much lately but catching up with my favourite diaries. Glad you feeling better now Jellie and OH had a good birthday. Oh and well done on such a fab payment to c/c
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I've just been paid and am determined not to get into my usual problem of running out of money in January. Just checked on my finances and things are looking pretty good for now. Hopefully got enough cash to cover a few treats, Christmas food etc as long as I am careful.
I've been lucky enough to get a couple of cheques for Christmas. I might well put it all toward paying off CC. Although I'd quite like to use some of it to treat myself I think I'll get some treats from OH. If I pat it towards debt I might be able to pay off CC by my birthday. My original plan was to pay off all debt by then but the unexpected costs with my house made that very unlikely. However if I can keep focused I should be clear this Summer. Much as I want to spend some of it on me I think it is better to push on and look forward to the Summer when I'll be able to start saving rather than lugging money at debts!!2019 fashion on a ration 0/66 coupons0 -
hi jellie
why don't you spend some of your cheques on yourself and then put the rest of them on the cards that way you get the best of both worlds.0 -
I understand your desire to pay off debt by your birthday - I think I would spend at least some of it on you - something you wouldn't buy yourself otherwise...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 -
Thanks guys. I'm aboput to bank the cheques. Might pay 3/4 of it towards debt for now and then make a decision on the other 1/4 over the next couple of weeks. I just think I might feel better about treating myself if I'm debt free rather than doing it now. There are things I'd like, such as a new coat but I can also manage perfectly well with what I have for another year......look how much I've changed! Last year I'd have blown it all on treats I didn't need!!2019 fashion on a ration 0/66 coupons0
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I think that is fab - jellie - hopefully your debts will soon be gone and you can then treat yourself guilt freeAchieve 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 -
Good news- have just accepted an offer on my house. Had to drop again but will still get money out. Fingers crossed that it goes through ok! If so then I can reclaim all the extra house expenses I incurred getting ready to sell and should be back on track to be debt free by my birthday! :j2019 fashion on a ration 0/66 coupons0
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that's great news Jellie0
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that's brilliant news jellie - so pleased for you.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
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