We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

From debt to freedom...

1…449450451452453455»

Comments

  • lucielle
    lucielle Posts: 11,575 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It’s an expensive time but it sounds like you’ve got everything covered. 
    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
  • Spendless
    Spendless Posts: 24,769 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 17 September at 1:34PM
    Party sounds great - I knew it would be.

    Feel for you with the accommodation fees. The maintainance loan just has not kept up with rental increases. We've been paying it continuoulsy since 2018 and I deeply regret not thinking about it earlier. If I had we'd have saved from earnings, not completely relied on a windfall  we knew was coming our way, which has now left a gaping hole in what we once had and needs to be repaired   With that it mind, how much younger are the others still at school (2 I think?). Are you going to be in a situation where as one finishes a degree then the next one may be going? I'm guessing with youngest still having a birthday party he is still Primary school age and that you possibly still pay for childcare for him which will eventuially stop. If that's the case then I'd earmark this money once you stop paying for furture educational/accommodation costs. If any choose a different route - fab, but at least you'll have it saved. 
  • Willowtree222
    Willowtree222 Posts: 8,284 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Made me realise I need to get a lot more saving done for DD. X
    September 2017 Debt = £25330

    Starting afresh.

    You can do anything if you put your mind to it. x
  • savingholmes
    savingholmes Posts: 29,065 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on the party. Commiserations on uni costs.
    Achieve 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 13/9/25
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.9K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.1K Spending & Discounts
  • 244.9K Work, Benefits & Business
  • 600.5K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture