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Prosperous soul in the making
Comments
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Well done your DS both on the degree and the earnings. Having a child that's financially independent is a huge step for both of you. If he can pay down some debts and not come out of uni with big debt that's also positive for his future. That and being able to earn anywhere in the world is also a huge bonus.Enjoy your weekend.3
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SH you must feel so proud of DS. I am glad things have eased for you a little in relation to him becoming financially independent.Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming3
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Thanks ES, LW2G, MF, PF and Crystal
I am still on a high and so is he. So thrilled for him and for us. I've recalculated the impact on our budget - and with the impact of:- Board
- Me not buying extra holiday
- DH getting a payrise and not spending on vending at work
- Lockdown savings: Fuel, cleaner, eating out, hair, gym, holiday, days out
This assumes DS pays board until at least Christmas, we keep earning at the same rate or improve and go back to being more disciplined with the budget than we have been - and that some of our lockdown savings continue. I am rationalising some home improvement / decor costs as we are hoping to move next year once DD finishes 6th form and I am hoping that redecorating etc raises the value of our home. If we meet our DFD we could have a 6 month EF by July payday next year. This could also be used towards the cost of moving / any difference in the mortgage. Feeling hopeful and excited.
If we achieve both those financial goals it would prove that we could:- Live on one wage or less
- That if I kept my job - we could move if work let me be location independent even if DH needed a new role and didn't get one immediately. A friend has said we could occasionally lodge with her if we had to return to the area post move for work. She has had other lodgers so I know she means it.
Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/2510 -
It all seems to be coming together for you all. Well done for hanging in thereMortgage at 01.01.14 £119,481.83:eek: today £0 Emergency fund £5.5/5.5k & £200/200 cash.:jWeight 24/02/19 14st 7lb now 12st determined to stop defining myself by my mistakes. Progress not perfection.:T100%through my 1% mortgage challenge. 100% through my pb challenge.4
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Congrats to DS. All sounding good and glad the chairs are fab
"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee2 -
Everything's sounding so positive for you, well done & long may it continue x3
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Such positives SH. Congratulations to you and the family.What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park3 -
Thanks INOD, Dancing, Jwil and Tahlullah
Feeling blessed and cultivating gratitude. DH and others are going to visit MIL soon. I am going to take some time for me and enjoy the peace of a house to myself for one of the few times since lockdown began. I also need to catch up on work I didn't do during the week.
Today I am grateful for:- Continued health and wellbeing during this global crisis - and that my leg injury improve significantly as I lost weight and rested
- That I can now walk 1.8 miles with little pain
- That we have kept our jobs and mostly worked from home
- That despite lockdown - DS has earned money, paid off debt and started contributing to society and that he got a good degree
- That this year we have paid off £5.5K off CC and £0.7K off our home while maintaining an EF averaging at least £1K
- That we have cash-flowed a new double bed and 2 chairs and various home improvements.
- That we are making low cost, simple home improvements to make our home and garden a more enjoyable place to be and improving our home's value and speed of sale for when we are ready to move
- That we have been making progress with decluttering
- That we are spending more time out in the garden - enjoying what we already have
- That we have established a veg patch from scratch and started harvesting what we've grown ourselves - setting ourselves up well for future dreams
- Making progress with creative dreams and business ideas
- We are in regular contact with family and that they are safe and well and weathering the crisis
- For getting diagnoses that help us understand ourselves and each other - and help us move towards a greater place of acceptance and knowledge of how best to move foward
- For free learning available on the web as well as books, courses etc available to buy
- Growth of every kind
Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/2511 -
Loving the desk!What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park4 -
Just de-lurking to say "What a wonderful list" SH. Well done on the veg patch - it's really hard to get one started from scratch but so rewarding.
Fortune x
https://forums.moneysavingexpert.com/discussion/6623005/happy-days-in-our-golden-years/p1?new=1
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