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Learning to live my dreams not trample on them

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Comments

  • Hope you get better soon xxx
    Total (Aug 19):€58,567 Now:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • savingholmes
    savingholmes Posts: 29,087 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    thanks bevan and cmd :A

    arm hurts where had canula in :( but other than that doing okay today. :cool:

    had a bit of an interesting development on the finances front. one of OH's pensions is being wound up - and one of his options is to take the money as a lump sum... we think it would be enough to clear all our debts in full :jwhich would soooo take the pressure off. It was only due to give him a £3k lump sum at retirement and about £50 pcm anyway so don't think it would be a major loss!

    so something to think about it esp as may need Op later in the year :(- with more sick time (and may only get basic sick pay for some of that).:eek: Jobs in arecession esp with recent sick record also don't feel completely secure...
    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
  • Oh SH

    Hope you feel better soon and get all medical things sorted.

    I agree that a lump sum seems the best option because clearing the debt will free up lots of money in repayments plus when you have time off it will help and if recovery takes longer it won't matter as you have some extra money to fall back on instead of trying to rush back to work too early.

    (((SH)))

    EE
  • savingholmes
    savingholmes Posts: 29,087 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks EE - we think we are going to take the money - may not physically get it until May tho.... hopefully we will owe less by then anyway so may then have some spare money for other things which would also be nice!

    DD is off sick today

    I am off as my arm still hurts. Going to docs later for me and DD altho arm better than yesterday
    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
  • savingholmes
    savingholmes Posts: 29,087 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    apparently arm is infected so not going back to work yet - now been given antibiotics

    Took DD too and got about 7 things for her eczema which is really bad but hopefully this will help her. they said review in 4 weeks and see if need to do anything else....
    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
  • Take care xx
  • gilligansyle
    gilligansyle Posts: 4,124 Forumite
    Hi
    good news on the pension thing, as you say £50 is neither here nor there in 20 years time, but the money will be handy now. You can always plan for something that would give you an extra £50.

    Hope all the health issues get sorted.
    Debts at LBM - Mortgages £128497 - non mortgage £27497 Debt now £[STRIKE]114150[/STRIKE][STRIKE]109032[/STRIKE] 64300 (mortgage) Credit cards left 0



    "The days pass so fast, let's try to make each one better than the last"
  • savingholmes
    savingholmes Posts: 29,087 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    hi btd and gill - thanks for posting


    dd off sick again too 0- saving me after school club costs at least lol

    arm still hurts - but at least it is now being treated

    having home made soup soon which should 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
  • bevan840
    bevan840 Posts: 1,014 Forumite
    Part of the Furniture Combo Breaker
    awww poor lil DD, my sister had eczema when she was little and it was a nightmare, she couldn't go swimming as the chlorine would make the eczema around her eyes worse.

    I hope the arm feels better soon xx
    :idea: Jan 09. Debt @ LBM - £11936.55 Debt at worst - £12600.55 Current Debt (01/03/2012) £8,859.51 29.7% Paid off
    Honeymoon Fund £410.40/£6000 House Deposit £1.50
    :A Proud to be dealing with my debts. DFW Nerd 1177 :A
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    I hope the treatment works quickly and you feel better soon.
    2019 fashion on a ration 0/66 coupons
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