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Light the fire...
Comments
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It looks stunning. Hope your husband's work picks up.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 10/10/252 -
Aww thanks SH. We hope so too, it is a bit of a worry but we are thankful to have options. We have quite a bit in savings that will see us through if need be and the bounceback loan means we have no finance repayments for 12 months, then much lower payments thereafter which has to help.savingholmes said:It looks stunning. Hope your husband's work picks up.
So glad we save when we can and that our MSE lifestyle means we haven't noticed him taking a 60% paycut, which is amazing really. He has had the time to complete all of our renovations on three rooms for less than £3000 including the new woodburner and carpet, which were all budgeted for anyway.
Now we tighten our belts, keep saving what we can and try to get the business up and running again. Onwards and hopefully upwards! xxNew Mortgage: £240 999 7/2/20 £ 205 000 Aug 23 Currently: £193 313 Jan 2025
Mortgage Advance £27 000 April 2022 £22 450 Aug 23 Currently: £19357 Jan 2025
Business Loan £89 000 Jan 2023 £44 499 Aug 23 Currently: 33 382 Jan 20253 -
The snug looks fantastic - what a transformation! I’m not surprised you’re pleased with it, and all on a budget too.
Hope things improve for your husband - I think people are beginning to think more normally again, so there’s hope that this will lead to work for him. Completely different field, but my work has picked up in the last couple of weeks as people emerge from ‘hibernation’. A wise move to give yourself the breathing space of the bounce back loan though.Mortgage free 16/06/2023! £132,500 cleared in 11 years, 3 months and 7 days
'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway3 -
The room looks lovely, and your garden
I hope things pick up for your husband soon Mortgage restart June 2018 £119950Re mortgage August 19 £110470, … Mortgage November 22 £85600 final 0% CC 3300Home renovations - £65000, mid 2018 - mid 20223 -
Wow! The snug looks fabulous Woodfired.
Really hope business picks up for you.
Fortune x
https://forums.moneysavingexpert.com/discussion/6623005/happy-days-in-our-golden-years/p1?new=1
Working at Living2 -
Ahh thanks everyone for your kind words and encouragement. A little bit of more positive news today, a small order placed by one of our customers and hopefully more in the pipeline, fingers crossed. Thanks again all of you lovely folks.
New Mortgage: £240 999 7/2/20 £ 205 000 Aug 23 Currently: £193 313 Jan 2025
Mortgage Advance £27 000 April 2022 £22 450 Aug 23 Currently: £19357 Jan 2025
Business Loan £89 000 Jan 2023 £44 499 Aug 23 Currently: 33 382 Jan 20254 -
May the trickle of new work become a flood. I think the commentators are prophesying doom because it helps sell news stories but there are other encouraging signs in the economy. Things could bounce back more quickly than the pessimists predict.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 10/10/252 -
Hey woodfired - that looks amazing! One of my plans for the new house refurb is to expose the old fireplace, repair the brickwork and put in a stove. What kind did you go for? There seems to be such a lot of choice!Choose kind
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SNug looks absolutely fabulous - and your husband has done a cracking job on it
Fingers crossed more orders come in and all is well again x I am the master of my fate; I am the captain of my soulRepaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NILNet sales 2024: £204 -
Fingers crossed for that SH, thank you.xsavingholmes said:May the trickle of new work become a flood. I think the commentators are prophesying doom because it helps sell news stories but there are other encouraging signs in the economy. Things could bounce back more quickly than the pessimists predict.
Hazelnutty said:
Hey Nutty, good to 'see' you! Hope you are well. The stove is a Jydepejsen, they are Danish and are very efficient which is what we were looking for. More expensive but extracts every bit of energy from the wood so are very hot and have long burning times so less re-filling! Ours was actually an Eb@y bargain, around £2k new, bought for £870.Hey woodfired - that looks amazing! One of my plans for the new house refurb is to expose the old fireplace, repair the brickwork and put in a stove. What kind did you go for? There seems to be such a lot of choice!
greent said:
Hi Greent! Hope you are well. Thanks very much, it's a much nicer space to be in now and we love it. xSNug looks absolutely fabulous - and your husband has done a cracking job on it
Fingers crossed more orders come in and all is well again xNew Mortgage: £240 999 7/2/20 £ 205 000 Aug 23 Currently: £193 313 Jan 2025
Mortgage Advance £27 000 April 2022 £22 450 Aug 23 Currently: £19357 Jan 2025
Business Loan £89 000 Jan 2023 £44 499 Aug 23 Currently: 33 382 Jan 20256
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