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From debt to freedom...
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Record everything.
Nice gratitude listAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 £4.8K updated 13/9/252 -
Thank you SH.
Today has been a positive day. I did spend some money taking 4 of the children to the cinema to see the new Sing film. We went at a time when all the tickets were the cheaper children’s price. I feel that I must try to plan in some fun times. I do try to do as much free fun stuff as possible which I know I am very blessed in having so many outdoor options close to home to facilitate this but DS3 asked today if we could visit a zoo and it was just a reminder to myself that it’s ok to do some paid for fun things as long as I’ve budgeted for it and planned for it. I did a couple of extra shifts last week at Job 2 which have ultimately paid for our time out today. I did really enjoy the film 🙂 - think I successfully, though not intentionally, embarrassed the pre teen by bopping my way out of the cinema😂!
The trip out meant we were already in town to get the grocery shop. DD4 is becoming as proficient as DD2 used to be, in grabbing 2 pieces of paper for the menu plan and subsequent shopping list!! We spent £88 but that did include a new pair of trainers for DS3 as his are starting to fall apart and about £10 on cleaning products as we seem to have run out of everything at the same time.
I’ve got a couple of jobs done today that have needed doing...the locksmith is booked so that I can open the door that I haven’t had a key to, since it was replaced about 8 years ago. Didn’t even have a key when the ex lived here🙄. Also got a letter written to the mortgage company to request removal of the ex from the mortgage and the transfer of equity.
paydbx2025 #26 £890/£5000 . Mortgage start £148k June 23 - now £138k.
2025 savings challenge £0/£2000 EF £140. Savings 2 £30.00. 175 -
Good progress today, well done! And the film sounds great, you all deserve a treat now and then.
I think a bit of sunshine is good for frugal living. (Cranky40)
The sun's been out and I think I’m solar powered (Onebrokelady)
Fashion on the Ration 2025: Fabric 2, men's socks 3, Duvet 7.5, 2 t-shirts 10, men's socks 3, uniform top 0, hat 0, shoes 5 = 30.5/68
2024: Trainers 5, dress 7, slippers 5, 2 prs socks (gift) 2, 3 prs white socks 3, t-shirts x 2 10, 6 prs socks: mostly gifts 6, duvet set 7.5 = 45.5/68 coupons
20.5 coupons used in 2020. 62.5 used in 2021. 94.5 remaining as of 21/3/223 -
Glad you got out and had fun with your chaps. Well done on getting jobs done. I’ve managed a menu pla for next week, the first one this year!LTotal Debt Dec 07 £59875.83 Overdrafts £2900,New Debt Figure ZERO !!!!!!:j 08/06/2013
Lucielle's Daring Debt Free Journey
DFD Before we Die!!!! Long Haul Supporter #1244 -
Awe glad to hear you had a nice time at the cinema. Does the mortgage news mean that you can stay in your current house and not have to move.4
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Yes the order allows for me to stay 🙂.Parkyp said:Awe glad to hear you had a nice time at the cinema. Does the mortgage news mean that you can stay in your current house and not have to move.paydbx2025 #26 £890/£5000 . Mortgage start £148k June 23 - now £138k.
2025 savings challenge £0/£2000 EF £140. Savings 2 £30.00. 175 -
That's so good! Apart from it being your home and the children's home, you've invested time, energy and money into it - and it's a major stressor out of the way if you don't have to look for somewhere else.Honeysucklelou2 said:
Yes the order allows for me to stay 🙂.Parkyp said:Awe glad to hear you had a nice time at the cinema. Does the mortgage news mean that you can stay in your current house and not have to move. I think a bit of sunshine is good for frugal living. (Cranky40)
The sun's been out and I think I’m solar powered (Onebrokelady)
Fashion on the Ration 2025: Fabric 2, men's socks 3, Duvet 7.5, 2 t-shirts 10, men's socks 3, uniform top 0, hat 0, shoes 5 = 30.5/68
2024: Trainers 5, dress 7, slippers 5, 2 prs socks (gift) 2, 3 prs white socks 3, t-shirts x 2 10, 6 prs socks: mostly gifts 6, duvet set 7.5 = 45.5/68 coupons
20.5 coupons used in 2020. 62.5 used in 2021. 94.5 remaining as of 21/3/224 -
Thank you Cherryfudge - Yes it is a huge weight lifted. The uncertainty of the last few years has been a bigger weight than I’d realised. It also means that the tiny mortgage overpayments I made in 2021 will be in my favour and will have reduced the balance albeit in a very small way.paydbx2025 #26 £890/£5000 . Mortgage start £148k June 23 - now £138k.
2025 savings challenge £0/£2000 EF £140. Savings 2 £30.00. 174 -
This is wonderful news! Did you think this would be the outcome and does that mean most of the main problems are at an end?2
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Brilliant news, so pleased for you and your children.4
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