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Baby steps to mortgage freedom for beanielou.
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I am Scunnered with decluttering but want to keep going with it while I have any omph left.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.2 -
What’s the one bit that is most visually ‘snagging’ and will give you the biggest satisfaction return for your effort?beanielou said:I am Scunnered with decluttering but want to keep going with it while I have any omph left.KKAs at 15.10.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £229,702
- OPs to mortgage = £12,345 Estd. interest saved = £5,863 to date
Fixed rate 3.85% ends October 2030
Read 64 books of target 52 in 2025, as @ 11th November
Produce tracker: £426 of £300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.2 -
Sorry about your fall Beanie and Sunshine. Hope you recover quickly.
Well done on doing that file. I've talked to my family about said file - but it has fallen into disuse - so I need to reinstate it. I have told them the password for my laptop though which has my finance spreadsheets on it.
Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.3K Equity 36.55%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
(If took bigger lump sum = 62K or 48.6%)
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 £5.1K updated 14/11/251 -
Most of it is hidden to be fair now but I have the bit between my teeth if you get what I mean & need need need to keep going. Now have hands on will & POA & will transfer into the important file.KajiKita said:
What’s the one bit that is most visually ‘snagging’ and will give you the biggest satisfaction return for your effort?beanielou said:I am Scunnered with decluttering but want to keep going with it while I have any omph left.KKHow long should I keep benefit paperwork does anyone think?I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.4 -
As I'm assuming a single person's benefits would cease on death, I would think you would only have to keep the latest paperwork showing benefit and DWP contact details so DS could contact them to let them know. I may be wrong though - perhaps another poster may know?Finally Debt Free! - July 2016 🌟
Finished Emergency Fund- £10,000 April 2017
🌟
RETIRED: MAY 2021!!!!😀🎆
My diary: “Seasidegal's Scrimpy Retirement Diary!”3 -
I would just keep the latest letter. That’s what I do with Mr SA’s.How lovely to find the letters but bittersweet memories I guess. I’m the same when songs come on the radio from the early 80s, happy memories of carefree days but also makes me feel sad those days are long gone.I get knocked down but I get up again (Chumbawamba, Tubthumping)3
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When my OH died and I went to register his death, I used the 'Tell Us Once' service What to do after someone dies: Tell Us Once - GOV.UK (www.gov.uk) . that dealt with loads of things such as his benefits, PIP, blue badge, GP and health details, council tax, passport, driving licence etc. I'd only keep a recent letter with something like NI number on it and a list of benefits. Its a useful service and cuts down a lot on the places an executor has to contact.3
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You have to keep tax paperwork 6 years.With the state of the benefits system and them claiming back from people who they have allegedly wrongly paid I would be tempted to keep a few years ….3
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Thanks everyone. Yes, have kept pension P60's for 6 or 7 years back & contact details for pension centre.I had pension forecasts from my previous employer. They ae now shredded as the pension has been in payment for many years! Certainly had my money's worth out of that as I have received so much more than I ever paid in.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.4 -
Glorious day here today. Went for lunch with a friend & had a strawberry tart. Was lush.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.4
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