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The Edcawber Principle

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Comments

  • Watty1
    Watty1 Posts: 7,080 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Good to catch up on here with folk who were a big part of my journey not that long ago.
    Made it to mortgage free but what a muddle that became

    In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!
  • ajmoney
    ajmoney Posts: 6,468 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Watty1 wrote: »
    Good to catch up on here with folk who were a big part of my journey not that long ago.
    We still are, you can't get rid of us that easily :rotfl::rotfl::rotfl:
    MFW 2025 No. 7 £1530/£2700
    MFiT-T7 No. 6 £3571.87/£30,000
  • shangaijimmy
    shangaijimmy Posts: 3,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edinburgher wrote: »
    Being paid 4 weekly is a royal pain in the posterior and I got to "spend" none of my "13th wage" (largely because I'd already !!!!ed the money away elsewhere.

    Mrs SJ is a fellow 4 weekly wages person, and I concur that its a pain for budgeting. The 13th wage that i always hope will be a nice bonus to our accounts also seems to vanish into the ether, never to be enjoyed!
    MFW: Was: £136,000.......Now: £47,736.58......
  • edinburgher
    edinburgher Posts: 13,998 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    shangaijimmy wrote: »
    Mrs SJ is a fellow 4 weekly wages person, and I concur that its a pain for budgeting. The 13th wage that i always hope will be a nice bonus to our accounts also seems to vanish into the ether, never to be enjoyed!

    I hear you SJ!

    I have been tinkering - saved £50-100 off car insurance renewal, £265 off next year's V1rgin contract and a quick review of mobile phones suggests that £200 saving should be doable for the next year.

    Feels a bit like pennies from under a steamroller.... :o
  • beanielou
    beanielou Posts: 96,136 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    No, it's not :naughty:
    That's great :)
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • savingholmes
    savingholmes Posts: 29,049 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edinburgher wrote: »
    Feels a bit like pennies from under a steamroller.... :o

    All the little bits add up - but love the phrase! :rotfl:
    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
  • edinburgher
    edinburgher Posts: 13,998 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Woohoo! Gas & electricity provider are knocking £49/month off our DD and are refunding £180 :money:
  • beanielou
    beanielou Posts: 96,136 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Good result ��
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • edinburgher
    edinburgher Posts: 13,998 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    £76.39 paid off CC, one week 'til payday!
  • edinburgher
    edinburgher Posts: 13,998 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Am giving YNAB a try from the 1st of August - does anybody have any words of wisdom? :think:
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