We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

FIRE Through The Mortgage - MF by 55 - LATEST

1151618202153

Comments

  • Firegirl
    Firegirl Posts: 1,035 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    So redundancies announced and we know the end state now. I'm not sure if I'll keep my job or even whether I want to! I'll get the official word tomorrow......eeeeekkkkkk........ But at least it's the beginning of the end of over a year of wondering.
    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
  • greent
    greent Posts: 11,038 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    AT least the wondering is over. Hope you got the news you wanted x
    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 2024: £20

    2026 Declutter campaign awards 2x star
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Let us know! I'm with greent, hope you got the result you wanted.
    2023: the year I get to buy a car
  • Firegirl
    Firegirl Posts: 1,035 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    :):)Thanks KC and GT.

    Still waiting to see whether I'll be made redundant. This may go on a while! So this month is the first month that I'm saving in my mortgage offset rather than phoning up and overpaying. It's so painful not to knock the mortgage down even though I know it's the same thing!!!

    I've updated my sig!:beer:
    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
  • Firegirl
    Firegirl Posts: 1,035 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Approx £4k between now and May payment to reach target!
    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
  • Firegirl
    Firegirl Posts: 1,035 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Non MFW- I'm doing a 10K walk for charity and training up for it is killing me!!!!! I just had to complain somewhere that I could get away with it!!! I organised it and have roped some friends to come with me!!!! So I can't exactly complain to them!!!!
    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
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    OMG, no wonder its killing you when you're up at that time of night :eek::eek::eek: training is bad enough anyway :eek:


    And of course you can complain to your friends :D they'll be glad to know that you're cursing it too :D

    Good luck!
    2023: the year I get to buy a car
  • Firegirl
    Firegirl Posts: 1,035 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I know KC!!!! Insomnia gets me when work is spinning in my head. However now I'm very drunk so that acceptable lol!!!
    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
  • Firegirl
    Firegirl Posts: 1,035 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Will know about redundancy early May. So at least I know the waiting will be over by then!!!!
    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
  • Firegirl
    Firegirl Posts: 1,035 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I'm def being made redundant so just need to find out when! Eeeeekkkkk
    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
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.5K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.4K Work, Benefits & Business
  • 604.2K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.