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From debt to freedom...

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Comments

  • savingholmes
    savingholmes Posts: 29,138 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad you got some rest after traipsing around - it does sound fun
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £169.8K Equity 37.1%
    2) £2.4K Net savings after CCs March 26 (but owed £1.1K) so £3.5K
    3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
    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 16/1/26
  • savingholmes
    savingholmes Posts: 29,138 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    All sounding good. My peas and carrots that I sowed either didn't germinate or got eaten. Think I need to try again but do try to find a way to start them off indoors. The pepper seeds I sowed indoors haven't germinated yet but most of the rest has.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £169.8K Equity 37.1%
    2) £2.4K Net savings after CCs March 26 (but owed £1.1K) so £3.5K
    3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
    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 16/1/26
  • janb5
    janb5 Posts: 2,694 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    New cake recipe to enjoy!

    HONEY CAKE

    3 large eggs

    250g Clear Honey (and 2 tablespoons to glaze)

    225g Unsalted Butter

    100g Brown Sugar

    300g Self Raising Flour

     

    ·         Pre heat oven to 160

    ·         Butter a 20cm cake tin

    ·         Cut the butter into pieces and melt in a pan with the honey and sugar

    ·         When liquid increase heat and boil for 1 minute

    ·         Cool mixture for 15-20 minutes

    ·         Beat in the eggs

    ·         Sift the flour into a large bowl

    ·         Add the honey mixture and stir until a batter consistency

    ·         Pour into baking tin and bake for 50 minutes to 1 hour

    ·         Glaze with honey and leave to cool

     

     


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