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Baby steps to mortgage freedom for beanielou.

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Comments

  • debtfreewannabe321
    debtfreewannabe321 Posts: 10,695 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sending hugs beanie ❤️
    Emergency Fund goal - £1000/2000
    Mortgage OP goal 2026 - £1200/£4500 
    Read 24 books this year 14/24

  • teapot2
    teapot2 Posts: 3,783 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Aw so hard, sorry you have all this to cope with 🤗 x
  • milann
    milann Posts: 11,766 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Hang on in there Beanie….and keep plodding 👍
    January spends - £587.58
  • jwil
    jwil Posts: 23,485 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sorry things are tough xx
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • Mrs_Money_Penny
    Mrs_Money_Penny Posts: 1,359 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Sending hugs x
    2026 Decluttering 3982⭐️⭐️
    2025 Decluttering 17207⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️
    2024 Decluttering 11728⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️
  • maggiem
    maggiem Posts: 2,059 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Sending positive thoughts and hugs Beanie, take care of yourself and will look forward to your return. 
  • lucielle
    lucielle Posts: 11,836 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hugs Beanie. 
    L
    Total Debt Dec 07 £59875.83 Overdrafts £2900,New Debt Figure ZERO !!!!!!:j 08/06/2013
    Lucielle's Daring Debt Free Journey
    DFD Before we Die!!!! Long Haul Supporter #124
  • savingholmes
    savingholmes Posts: 29,181 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It can feel never ending sometimes. Hugs.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.5K Net savings after CCs 14/4/26 (but owed £1.1K) so £3.6K
    3) Mortgage neutral by 06/30 (AVC £39.3K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 45.2K of £127.5K target 35.4% 8/5/26 (If took bigger lump sum = 67.1K or 52.6%)
    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 £5.4K updated 8/5/26
  • KajiKita
    KajiKita Posts: 10,089 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Hugs from here too x

    KK
    As at 17.04.26:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £216,847
    - OPs to mortgage = £18,925 Estd. interest saved = £9,670 to date
    c. 16 months reduction in term
    Fixed rate 3.85% ends October 2030

    Read 31 books of target 52 in 2026 as @ 7th May. 
    Produce tracker: £108 of £400 in 2026

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • doingitanyway
    doingitanyway Posts: 10,925 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Mortgage-free Glee!
    Keep plodding! Sending a hug.
    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

    Emergency fund 1400/1000
    Buffer fund 100/100
    Debt Free (again) 25/07/2025
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