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From debt to freedom...

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Comments

  • crazy_cat_lady
    crazy_cat_lady Posts: 7,063 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Your ex is just completely unbelievable. Whatever he can do to keep control - no matter how small. :unamused:

  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Iris looks lovely.
    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
  • Spendless
    Spendless Posts: 24,783 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    That's a lovely pic.

    With regards the mortgage do you know what counts as a dependant? I'm wondering if it's until 18 or if it's if they are still in further education but not higher (so sixth form but not uni)? I believe your 4th one might be yr12. I only think this because I have a 3 year gap between my 2and your older half seem to sit either side of them in school years. We don't have any that match in age, but if you've posted about them getting to a particular educational point, it's always seemed to be the year before or year after I go through the same thing. I'm just wondering at what point you'd be deemed as having an 'acceptable' (for the mortgage) amount of dependants? Not sure where you could find this out though in advance.   

    Yes, the adult children will be able to make their own mind up about seeing their Dad. 
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