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Prosperous soul in the making
Comments
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You have got a lot to be grateful for and so much to celebrate.Mortgage started 2020, aiming to clear 31/12/2029.3
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Fabulous list. I'm very pleased that you have so many positives and that you have the mindset to recognise them.3
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What a lovely list of things to be positive and greatful for, long may it continue
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 -
It's nice to see so many positive things! I'm so jealous of everything you have been able to grow. Our garden isn't big enough for much though I do have a few bits, nothing on the scale of what you've been able to do though. My sister made me a planter recently which I've filled with herbs, I'm really enjoying having it. Finally bought a homeStarting mortgage £289,500 31.01.19 - Current outstanding £181,561.50Overpayments since 27.03.19: £59,482.47Moving fund so far £5000 - Premium bonds £4,1003
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that’s a brilliant mid year report card. Reading it should give you confidence about your ability to handle whatever the next six months bringsJune 2026, Mortgage free, Emergency fund fully funded & £200/200 cash.:jWeight 12st challenge 11st 2lb
Gift challenge £40k in 2 years. Short term giftchallenge 7 presents and $1300 can by September.
Determined to stop defining myself by my mistakes. [/COLOR]Progress not perfection.:T100%through my 1% mortgage challenge. 100% through my pb challenge.
I’m not perfect but I’m good enough.3 -
Thanks all really appreciate your support it does make a difference. DS doesn't have to pay uni accommodation which crowns the week! So from next payday we can just focus on debt clearanceAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
2) £2.1K Net savings after CCs 14/5/26 (but owed £1.3K) so £3.4K
3) Mortgage neutral by 06/30 (AVC £44K + Lump Sums DB £4.6K + (25% of SIPP 1.7K) = 50.3K of £127.5K target 39.4% 3/7//26 (If took bigger lump sum = 72.2K or 56.8%)
4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
5) SIPP £5.7K updated 29/5/266 -
Everything is looking good for you SH. That will be incredible to be debt free next January.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts 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 and not the official line of MoneySavingExpert.
Save £12k in 2026 Challenge £12000/£9500
365 day 1p Challenge 2026 £667.95/£374.01
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php3 -
Thanks again Tahlullah, FS, MF, BC, LW2G, Nichelette, ES, INOD
Well I've worked a shorter day so far. May do another couple of hours later but taking a break for now. I am so chuffed that DS / we don't have to pay his uni accommodation - it is such a relief and has been hanging over us for the last 3 months.
Over the next 2 weeks we will pay around £294 in debt repayments and reduce our EF to around £300 to clear the balance on our spending CC. Then in July/August we will refill our EF to at least £1K and pay around £2.4K off our debts. Our goal is to then continue that level of discipline so that we hit our January DFD or before. This is helped the reversal of a £400 outflow to DS to a £400 inflow (a shift of £800), on-going lockdown savings, reducing our mortgage payment by £200 and putting any ideas for holidays on hold. Originally I had expected to spend £2K on holidays this year but I've wiped it out completely along with my previous 'days out' budget line for the foreseeable future.
It does mean that we need to get a lot more disciplined with our spending than we have been the last few months. Other than the odd pot of paint, I'm not expecting any further major spends... I am also seeing if I can get any 'office' furniture/kit spends back from work. I will let you know how I get on. DH has withdrawn £95 from £co which is always welcome! My 1k3@ stuff arrives tomorrow. Excited. Kid in candy store... Still need to do loads of decluttering. DD is continuing to help with fence painting and MIL has offered to pay her to do her fence too.
Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
2) £2.1K Net savings after CCs 14/5/26 (but owed £1.3K) so £3.4K
3) Mortgage neutral by 06/30 (AVC £44K + Lump Sums DB £4.6K + (25% of SIPP 1.7K) = 50.3K of £127.5K target 39.4% 3/7//26 (If took bigger lump sum = 72.2K or 56.8%)
4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
5) SIPP £5.7K updated 29/5/262 -
Lots of positives since I last caught up. Go team Saving holmes!!
LTotal Debt Dec 07 £59875.83 Overdrafts £2900,New Debt Figure ZERO !!!!!!:j 08/06/2013
Lucielle's Daring Debt Free Journey
DFD Before we Die!!!! Long Haul Supporter #1243 -
Fantastic news you finally have closure on the fees!
Your financial plans sound great and you will keep on track 🤗Mortgage started 2020, aiming to clear 31/12/2029.3
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