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Hope is not an Effective Financial Strategy
Comments
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Well done on all that you've achieved despite family and pet illness. Happy New Year!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £169.8K Equity 37.1%
2) £1.3K Net savings after CCs 16/1/26 (but owed £1.1K) so £2.4K
3) Mortgage neutral by 06/30 (AVC £34.8K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 40.6/£127.5K target 31.8% 16/11/25
(If took bigger lump sum = 62.7K or 49.2%)
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 £5.2K updated 16/1/263 -
Happy to report that Mrs SJ has already dispensed of several items. In fairness most of those items haven't been the healthiest/greatest option to have, and we haven't missed out or felt deprived!Suffolk_lass said:I agree too. The wheatgerm bread has increased from 65p to 95p a loaf over two years and 20p of that is this year. The fancy bread went from £1.60 to £1.80 a loaf too. Just by way of one (bread) example. I also notice the Leicester crisps people whose stock control computer failed, have increased the price for 6 small bags to £1.70 from 2 for £2.50 at the start of 2021. So that is one treat we will dispense with now.
Whilst someone has asked I will excitedly trot out my stats for the yearCheery_Daff said:Hope you can make your OP target, and have you really kept up 10,000 steps every day of the year?? I am extremely impressed!
I have managed 10k everyday since Christmas Eve 2020, but for my challenge I'm only counting the full calendar year of 2021. 3 days to go (I'm at 8,712 for today as I type) and there's no way I'm failing now. There's been some tricky times with this. A few times I've remembered to check my steps at 10.30 at night and had to venture out in the rain for 10mins to finish off! On one occasion it was after 11.30pm and I jumped out of bed as I'd forgotten the last 500 or so!!- Total steps (so far) - 5,621,159
- Daily Average - 15,485
- Total Distance - 2,930 miles
MFW: Was: £136,000.......Now: £47,736.58......8 -
Oooh, thank you for that! I do love a good fitness (or finance) statistic. Most impressive!! Are you going to do the same again this year?7
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I'll carry on as it's pretty much engrained as a habit now. I'll be devastated when the day comes that I'll break the 'streak'!! Having dogs really helps as it gives you a starting reason to go out for a walk.Cheery_Daff said:Oooh, thank you for that! I do love a good fitness (or finance) statistic. Most impressive!! Are you going to do the same again this year?MFW: Was: £136,000.......Now: £47,736.58......5 -
Ah yes, good point - we have a temporary dog at the minute and I feel like I've walked miles already today - should have put the pedometer on!4
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That's a great steps count!
With regards to inflation I'm starting to think we will need to be mortgage free just to be able to pay the council tax and energy bills!Nov 2025 - part 1 - £13,878 part 2 - £20,953 Total - £34,832 24 months to go!3 -
Well done SJ - I'm going to take a leaf out of your book next year and do my steps!
Fortune x
https://forums.moneysavingexpert.com/discussion/6623005/happy-days-in-our-golden-years/p1?new=1
Working at Living2 -
Well done on those steps - that's phenomenal!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £169.8K Equity 37.1%
2) £1.3K Net savings after CCs 16/1/26 (but owed £1.1K) so £2.4K
3) Mortgage neutral by 06/30 (AVC £34.8K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 40.6/£127.5K target 31.8% 16/11/25
(If took bigger lump sum = 62.7K or 49.2%)
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 £5.2K updated 16/1/261 -
Very in awe of your steps and dedication, SJ! I've become a bit lazy with mine and was very tempted to attach my fitbit to one of the dogs collars so they could do the work for me 😂Starting Mortgage Balance (June 2019) £72,000. Mortgage Free November 2025!2
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Well done on your steps. I do feel like I’ve achieved when I get my 10k in daily but haven’t always achieved it.DFW (08/08) £64,346.53 Gone (02/19)
MFW (08/08) £118k Gone (09/23)2
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