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From debt to freedom...

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Comments

  • Spendless
    Spendless Posts: 25,243 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    A debt down to £200 - that is fab news. I reckon it'll be gone in a month and I hope this doesn't happen buuuuttt should life throw a curve ball at you don't despair if you have to split it in two.  I'm guessing there aren't many more debts to tackle after this one is gone?

    Fingers crossed on the mortgage too. It's starting to come together. You've been on a long journey and through plenty of downs, lovely to see more of the ups.
  • savingholmes
    savingholmes Posts: 29,200 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I agree lovely to see the turnaround 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.1K Net savings after CCs 14/5/26 (but owed £1.3K) so £3.4K
    3) Mortgage neutral by 06/30 (AVC £42.2K + Lump Sums DB £4.6K + (25% of SIPP 1.4K) = 48.2K of £127.5K target 37.8% 24/5/26 (If took bigger lump sum = 70.1K or 55%)
    4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
    5) SIPP £5.6K updated 16/5/26
  • lucielle
    lucielle Posts: 11,849 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Excellent news on the repayment.
    L
    Total 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 #124
  • lucielle
    lucielle Posts: 11,849 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    How very frustrating!! I hope it gets resolved soon. 
    L
    Total 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 #124
  • Cherryfudge
    Cherryfudge Posts: 15,106 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    He's still playing power games, isn't he? Hopefully the solicitor will make him see sense.

    So exciting to see the focus debt shrinking! Brilliantly well done, it will soon be gone completely!
    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 21/3/22
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