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Debt free in 23......
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Ran out of heating oil yesterday, am very thankful I have a wood Burner! I usually turn heating off at the end of March, so wondering wether to just run with the wood burner as when I looked at ol prices, they have nearly doubled to what I paid in the summer!
Will have trial run for a week and see how I get onLBM.....sometime in 2013 £27,056. 10 creditors
June 20.....£7,587.....3 creditors left 72% paid
£26,200 on interest only part of mortgage (July 16)...will chip away £17,103
£49,200 repayment mortgage ( July 16) £37,7640 -
Hi Zenshi
Thanks for sharing. Keep going and posting regularly. Good to see the progress you have made so far.
SHAchieve 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 -
This year, I decided to budget for more things and separate them into actual pots (burglar would have field day at mine! ) and it’s really going well. If I forget a birthday, no prob, the money is there allocated for it. Same goes for hols or a trip to theatre
I have no big projects this year so any spare money will go into my f and f pot. I aim to clear my tax credit debt by the summer, then it’s onto making an offer on my lowest debt
My emergency fund is slow going as something always seems to be going wrong lately. Microwave and iron both blew up in the last two weeks but car boot season is nearly upon us and I will look there
My daughter has also just changed flats and may want my spare dining table. So I’m currently finishing sanding and painting that. If it doesn’t fit in her kitchen then it will be soldLBM.....sometime in 2013 £27,056. 10 creditors
June 20.....£7,587.....3 creditors left 72% paid
£26,200 on interest only part of mortgage (July 16)...will chip away £17,103
£49,200 repayment mortgage ( July 16) £37,7640 -
Finally, my emergency fund is complete. Left 1/3 in current account as a buffer and easy access, the rest in premium bonds
Started the help to save account, long term plan for new car so extra free money will be handy
Started on eBay again to try and rid the house of some clutter and hopefully gain some penniesLBM.....sometime in 2013 £27,056. 10 creditors
June 20.....£7,587.....3 creditors left 72% paid
£26,200 on interest only part of mortgage (July 16)...will chip away £17,103
£49,200 repayment mortgage ( July 16) £37,7640 -
Finally have managed to save enough to clear my tax credit overpayment debt. Just got to wait till this months payment has gone out then I’ll be calling to pay it off. Can’t wait!LBM.....sometime in 2013 £27,056. 10 creditors
June 20.....£7,587.....3 creditors left 72% paid
£26,200 on interest only part of mortgage (July 16)...will chip away £17,103
£49,200 repayment mortgage ( July 16) £37,7640
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