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sc1's Debt Free Diary
sc1_2
Posts: 47 Forumite
Deleting personal info.
Debt in 2008 - £26000 Current debt - £5949
0
Comments
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Hi SC1 - of course you can do well too. I find keeping a diary a great motivator, confessional and supporters club all in one! Good luck on your journeyAchieve 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 -
Well done Sc1 on clearing so much - that is quite an achievement in 3 years. :beer:0
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Good luck sc1 with clearing the rest of your debt.NSD January 3/15"Sealed Pot Challenge"#1416 £11.46/£500£2 Savers Club# £30.00Co-op Credit Card £2.00/£129.170
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Good luck with eBay,I think I need to sign up and sell some of my stuff.xNSD January 3/15"Sealed Pot Challenge"#1416 £11.46/£500£2 Savers Club# £30.00Co-op Credit Card £2.00/£129.170
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Hi well done on the gum tree sales... How easy is that to do? I have wondered about it - but not done it yet?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 -
I've been having a read and you're doing really well. Thanks for sharing, I keep motivated by reading other peoples' diaries.
Did you contact cash converters online or go into a shop?0 -
hey!
your making great headway and are far more determined than me I don't think I could part with my iphone... i might have a look at what I have knocking about to sellLBM: £18,426.870 -
The only downside with the G300 is that it runs Android 2.3 so if you decide to start using Barclays Pingit to accept payments, then you will need a new phone as the app won't run.
Well done on the debt reduction by the way.
I haven't looked at my Bank account for 2 weeks and am dreading to see how far into the red I have gone. Next month I have to MOT and Tax my van.Never Knowingly Understood.
Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)
3-6 month EF £0/£3600 (that's 0 days worth)0 -
Not to worried about the van. It gets hardly used and has flown through 4 MOTs without a single fail. Not bad for a 1997 LDV Convoy.
I do tend to look at my Bank accounts at least once a month as I add all transactions to YNAB as it is a brilliant program for tracking were all the money has gone.Never Knowingly Understood.
Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)
3-6 month EF £0/£3600 (that's 0 days worth)0 -
Gosh, you're doing brilliantly!!
Keep it up.0
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