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From debt to freedom...
Comments
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Hope you manage to balance the funds.
Enjoy your holidaysAchieve 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 29/7/250 -
Great news about your DD!I get knocked down but I get up again (Chumbawamba, Tubthumping)0
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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. 172 -
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 x1 -
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)
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 21/3/222
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