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Hope is not an Effective Financial Strategy

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  • shangaijimmy
    shangaijimmy Posts: 3,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Mrs SJ would add shoes!

    6 and 7 is amazing if you can do it. I suspect ours will be 15 and 12, which is amazing too, and gives us a few years of saving for number 1 to help with Uni!!
    MFW: Was: £136,000.......Now: £47,736.58......
  • atypicalblonde
    atypicalblonde Posts: 3,057 Forumite
    I bought a beautiful pair of Jimmy Choo shoes for a fiver in a charity shop last year - I have yet to wear them. Mind you, when working from home like I do, one has little call for high heels - just comfy slippers!X
    MFW :)
    [STRIKE]Mortgage 8.2.15 - [/STRIKE][STRIKE]£171,064.64[/STRIKE] Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
  • lippy1923
    lippy1923 Posts: 1,374 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Well done on the mini target! Something to look forward to sooner rather than later :)
    Total Mortgage OP £61,000
    Outstanding Mortgage £27,971
    Emergency Fund £62,100
    I AM NOW MORTGAGE NEUTRAL!!!! <<Sep-20>>

  • shangaijimmy
    shangaijimmy Posts: 3,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Tough week ahead with only £19 left till payday (Friday), but cupboards are stocked, i've cash on my golf card for bacon and beer for tomorrow, and its home movie night planned for tomorrow!

    With all that it shows that my budget is working, and our surplus spends ended up going on a new bed for eldest son meaning we didn't need to dip into savings for decorating.

    Hopefully next month we'll have enough in surplus for paint, wallpaper and bedding for grown up bedroom decoaration.

    Looking ahead any surplus from June, July and onwards will go into savings. Or will it be mortgage?? Oh the torturous decisions...
    MFW: Was: £136,000.......Now: £47,736.58......
  • shangaijimmy
    shangaijimmy Posts: 3,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Just done some spreadsheet updates and realised we'll move out of the 134k's this month!

    We'll sneak it by £3. Mrs SJ will be happy to get the black marker out and colour in another brick on our house.

    Whilst we're on, has anyone got a good link that they send me with a good method of the house and bricks? Ours in pretty naff, and i'd really like to have it over a real picture of our house. Or is that too difficult?
    MFW: Was: £136,000.......Now: £47,736.58......
  • Luckyinlife
    Luckyinlife Posts: 1,613 Forumite
    Got to love the spread sheets moving out of 134s into 133's is amazing :] every 1k is a great achievement :]
    Mortgage--- [STRIKE]£67700 March 15[/STRIKE] [STRIKE]£65221 April 15[/STRIKE] [STRIKE]£64983 July 15[/STRIKE] [STRIKE]£64780 sept 15[/STRIKE] Remortgage [STRIKE]£67295 oct 15[/STRIKE] [STRIKE]£66599 Nov 15[/STRIKE] [STRIKE]£65878.73 Dec 15[/STRIKE][STRIKE] £64834 1st Jan 16[/STRIKE] [STRIKE]Feb 16 £64,511.89[/STRIKE][STRIKE] March 16 £64,056.40[/STRIKE] [STRIKE]April 16 £62550[/STRIKE] [STRIKE]May 16 £62,396.20[/STRIKE] Feb 17 £60.800
    Emergency fund 23k
  • shangaijimmy
    shangaijimmy Posts: 3,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thanks Lucky. Great to have someone to share my Friday lunchtime glee!
    MFW: Was: £136,000.......Now: £47,736.58......
  • lippy1923
    lippy1923 Posts: 1,374 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    What do you mean by colour in a brick of your house :)
    Total Mortgage OP £61,000
    Outstanding Mortgage £27,971
    Emergency Fund £62,100
    I AM NOW MORTGAGE NEUTRAL!!!! <<Sep-20>>

  • choccielover
    choccielover Posts: 412 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I think like many MFW's SJ has a pictorial house with each brick representing a portion of the debt/equity. Each time you pay off a certain amount (£1k for example) you can colour in a brick as its £1k more you own and the bank doesn't have a share in
  • Firegirl
    Firegirl Posts: 1,007 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    I like the idea of the house and colouring bricks!!! Very visual and motivational!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position (Jan 2024) : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
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