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Hope is not an Effective Financial Strategy

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Comments

  • Jessy103
    Jessy103 Posts: 2,415 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    Sorry to hear about your doggo, SJ. I hope all goes well with the surgery and wish him a speedy recovery ❤
    Mortgage Balance as of September 2025 £11,700
    Starting Mortgage Balance (June 2019) £72,000.
    Aiming to be mortgage free by my 40th birthday, June 2026!
  • savingholmes
    savingholmes Posts: 29,087 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sorry about your pooch. Hope it improves soon. 

    Good luck with the decluttering mission.
    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 10/10/25
  • Sorry to hear about your pooch, hope that the surgery goes well. CM
  • Fingers crossed for the woofer SJ. They really are part of the family so it’s always emotional. 
    DFW (08/08) £64,346.53 Gone (02/19)
    MFW (08/08) £118k Gone (09/23)
  • Cheery_Daff
    Cheery_Daff Posts: 17,627 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Poor dog 😕 here's hoping for a swift recovery for both him and your finances. What wisdom in not making a decision when emotional.

    Glad you got out for your half marathon, well done! Lovely way to end the year.
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