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Positive Balance: Focused on Budgeting
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So...I made an embarrassing mistake. I think I forgot due to my enforced absence due to logging on issues in February, but I started a new diary then carried on filling out this one!
Anyway, it almost doesn't matter as I will post the same update on my new one, but as of this morning, due to getting paid and transferring the more than small sum of £948 from my emergency fund yesterday (more than anticipated due to me having to give a wide margin for some anticipated but not yet quantified expenses)...... I'M DEBT FREE!*
Masive thanks to everyone who helped me get this far. You are all stars.
*Bar an extra quick check of all bank statements to check my maths is correct and we'll discuss the student loan and mortgage at a later date.
Debt: £11,640.02 paid in full! DFD: 30/06/20
Starter Emergency Fund (#187): £1000/£1000
3 month Emergency Fund (#45): £3300/£33004 -
Well done, that's brilliant.
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Congratulations 🥂3
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Thanks @joedenise and @DancingInTheRain - much appreciated! Tonight is a Chinese takeaway and bottle of wine. I will treat myself to something as a debt - free present...I remember saying earlier that it would be a Karcher steam cleaner but it may end up being a holiday. I'll ponder on it!
Debt: £11,640.02 paid in full! DFD: 30/06/20
Starter Emergency Fund (#187): £1000/£1000
3 month Emergency Fund (#45): £3300/£33003 -
So pleased for you Your hard work has literally paid off your debt. Well done.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 29/7/252 -
Thanks @savingholmes!You are right - I wish I had found a shortcut but it literally was just putting my nose to the grindstone that did it!I look forward to congratulating you for the same reason in the near future! xxxDebt: £11,640.02 paid in full! DFD: 30/06/20
Starter Emergency Fund (#187): £1000/£1000
3 month Emergency Fund (#45): £3300/£33002 -
Thanks - it will be an exciting day. Make sure you celebrate your DFD - I think too often we gloss over our achievements and just push on to the next thing. Sometimes we need to stop and take notice of what we have done.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 29/7/252 -
Wahoo congrats 🥳PAYDBX 2020 - #01 Pd £15,029.29 / £13,140.66 - 114% 🎉
MFiT-T5 #36
3-6 mth EF #5 €2,445 / 11,100
Mortgage - PD 126,846.35/ 271,495.07 46.72%[ MF was Aug 2038 now Sept 2035 😲2 -
Thanks guys!
Hmm...what to do as a treat?!#firstworldproblemsDebt: £11,640.02 paid in full! DFD: 30/06/20
Starter Emergency Fund (#187): £1000/£1000
3 month Emergency Fund (#45): £3300/£33002
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