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Prosperous soul in the making

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Comments

  • doingitanyway
    doingitanyway Posts: 10,344 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Mortgage-free Glee!
    Sorry your lovely day ended on a down note. Hope DD gets sorted soon.
    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

    Emergency fund 3501000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • Sorry to hear about your day. Does DD usually get PMT?
    Total (Aug 19):€58,567 Now:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • Great progress with your writing. Well done! Now keep the momentum going and get your books out there!!
  • When did DD last change her type as they vary so much.
    3 chapters is very generous as an enticer. Publishing will happen next year.
    With sales, if you put off buying you don't need it and are spending just because it's a sale. Save your money and put it to better use and focus on long-term goals.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Blackcats
    Blackcats Posts: 3,999 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Sorry, I'm a bit behind on your diary. (It moves so quickly!).
    i love the idea of moving overseas - it's an adventure and a definite lifestyle change.  Could you keep a foothold in the UK to keep in touch with family and friends?  Would your children go with you? 
  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Decided to make a one-off payment to sipp of £50 - so worth £62.50 with tax relief.  Every little helps. Now it is set up as a payment option - hope to add adhoc amounts as well as repaying debt.
    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 10/10/25
  • Exciting progress on the writing front - well done! Has your DD been able to be furloughed? To my  surprise I have been furloughed from second job, despite only starting in mid September.
    paydbx2025 #26 £890/£5000 . Mortgage start £148k June 23 - now £138k.
    2025 savings challenge £0/£2000
    EF £140. Savings 2 £30.00. 17
  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hi HSL - thank you. DD wasn't furloughed - as she assumed she wouldn't qualify and jacked the Sunday before furlough started!! She refused to ask them to furlough her after all. I desperately want to pay more off CCs but can't without depleting EF/savings which isn't sensible, especially given that we have to pay for new patio in a week.
    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 10/10/25
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