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From debt to freedom...

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  • savingholmes
    savingholmes Posts: 28,997 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hope you manage to balance the funds.

    Enjoy your holidays 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • Sun_Addict
    Sun_Addict Posts: 24,153 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great news about your DD!
    I get knocked down but I get up again (Chumbawamba, Tubthumping)
  • Honeysucklelou2
    Honeysucklelou2 Posts: 4,813 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Thank you Spendless, BalanceBy50, SH and SA.

    Can’t believe time is flying by at such a pace. DD got her accommodation sorted out. The weekly rate is eye watering which means the monthly rate is more than the mortgage here. She is able to use her student loan for 2/3 ish of it  but I will need to find the rest. We have decided given it’s central city position to go by train and get anything that she might need in situ so as to keep luggage down.

    Had an interesting day  over the bank holiday weekend, going to see DS1’s new home. He moving to the other side of the county and is buying a house with his g/f. It is very sobering how much money they are having to spend to buy a fairly small new build. DS is very excited and they have worked hard to save up the deposit. With one child going far away and the other across the county, it’s a very weird time!

    Spent some time last week harvesting elderberries at the allotment. I found a recipe online for elderberry syrup and gave it a try! It is supposed to be good to fight off colds. 

    paydbx2025 #26 £890/£5000 . Mortgage start £148k June 23 - now £138k.
    2025 savings challenge £0/£2000
    EF £140. Savings 2 £30.00. 17
  • Spendless
    Spendless Posts: 24,707 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    That sounds familiar, astronomical student rent, higher than what  your own mortgage payment is/was! 

    I misread what you wrote at first re DS1 and thought he was moving to the other side of the country! Glad its only across the county for you even if its still a distance. Its lovely to hear of him doing so well. 

    Enjoy whats left of the summer hols x
  • Cherryfudge
    Cherryfudge Posts: 13,398 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It is indeed a weird time as they move out and start up on their own - but before you know it the University city and the first home will also be part of the bank of memories. 
    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)

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