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I will never be £16,676.84 in debt again

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Comments

  • mrsonions
    mrsonions Posts: 42 Forumite
    Thank you @savingholmes!


    I am finding bringing in lunch from home every day really helps with the money saving. I do buy the odd coffee but I have just brought the Nescafe sachets and had one this morning, it wasn't great though :(


    I must stop going to the sales and buying the odd item for DS! He really does have plenty of clothes now!


    I did buy myself a £10 top which I first tried on last year and didn't buy because it was £29 so treated myself. I think a year is long enough to wait!
  • mrsonions
    mrsonions Posts: 42 Forumite
    Just cashed out £50 from Yougov - that took years to get to! :rotfl::rotfl::rotfl:
  • mrsonions
    mrsonions Posts: 42 Forumite
    Also - payday tomorrow and have overpaid £250 to the credit cards, so that's just £500 paid off the cards this month.


    New debt total is £14,119.42.
  • savingholmes
    savingholmes Posts: 29,087 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Congrats on debt repayments
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    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 £5K updated 10/10/25
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