Hope is not an Effective Financial Strategy

edited 3 March 2020 at 7:18PM in Mortgage-free wannabe
4.3K replies 359.6K views
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  • LadyWithAPlanLadyWithAPlan Forumite
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    That for me is the great thing about data, and numbers. There's literally something else to count or to use for motivation and setting targets. As as we achieve one thing we quickly move onto another set of data.

    Indeed, this forum is full of new figures to aim for for motivation. I am currently just TTing daily but it all helps keep me focused forward
     I am choosing to be frugal to support some fabulous life changing and affirming financial goals

    Per month  - Feb 23
    Track my NSD's - Target 16 days  1/16 so far
    Track my Grocery spending in GC thread £22.98/£145 and £0/30 bulk
    Track what I save in my hse deposit and SIPP in my signature Hse £0  Sipp £200 
    Track extra income from ebay etc  £0
    Track Minimalist game  1/31  

    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • savingholmessavingholmes Forumite
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    I enjoyed the breakdown too. Fascinating... 
    Target 1) Prioritise health & social connection 2) Write regularly 42,993/70,000 words Book 2 and 10,787/70,000 Priestess book 3a) Get to £10K EF/Savings Now £4,573 3b) £1.6K Savings for DD Car (Achieved) 4) MFW starting at £201999 Nov 21 with 264 249 payments to go. Now £192,304 5) Mortgage neutral progress via pension £1,887 invested since Nov 21 6) Declutter 7) Invest in fun and frolics - and not just future self! 8) CC Debt free April 22 (now stay that way!!)
  • greentgreent Forumite
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    Uni costs are hellish - numbers 1 and 2 of ours both went to uni for 4 years each - with an overlap of 2 years in the middle. Number 3 will undoubtedly also go - and probably for 4 years I suspect - although we now have a 2 year gap to build our uni fund back up (likely to be a physics based degree). Number 4 is 3 years younger than Number 3 - and I have no idea if he will go or not (also intelligent but I can possibly see him doing a degree apprenticeship - don't rule these out as an option!) If our #4 does go to uni we are looking to possibly be retired by then.... argh!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    Net sales 2023: £230
  • savingholmessavingholmes Forumite
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    Definitely encourage apprenticeships. DS came out with masses of debt despite some help from us. DD in contrast is earning her way through an apprenticeship.
    Target 1) Prioritise health & social connection 2) Write regularly 42,993/70,000 words Book 2 and 10,787/70,000 Priestess book 3a) Get to £10K EF/Savings Now £4,573 3b) £1.6K Savings for DD Car (Achieved) 4) MFW starting at £201999 Nov 21 with 264 249 payments to go. Now £192,304 5) Mortgage neutral progress via pension £1,887 invested since Nov 21 6) Declutter 7) Invest in fun and frolics - and not just future self! 8) CC Debt free April 22 (now stay that way!!)
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