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Prosperous soul in the making

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  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Today I have written a little more of my book so that made me feel happy. We also had a shopping delivery. I made a beautiful leek and potato soup and half has gone already. Also made a gammon roast dinner. Plenty of gammon left to last for at least a couple of days. I need to book my car in for an mot and arrange to get my back seat belts fixed. DH needs to organise wheel alignment for his car.

    Spent most of today filling in a diagnostic questionnaire for DD. Hope it turns out to be worth it. Pooch is still on a season. DH and I took her for about a mile walk around midnight but not doing that today. Not in the mood for tomorrow - but at least I have a gorgeous lunch to take with me.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Today £175 has gone out to CC 2. That leaves all my CCs like this:

    CC1 6748 - target repay by Nov 20
    CC2 6838 - target repay by Aug
    CC3 8797 - target repay by June (around then £400 uni cost pcm stops)
    CC4 5131 - target repay by end Jan

    Here's hoping for a good week and month.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • clearmydebts
    clearmydebts Posts: 6,485 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    savingholmes wrote: »
    Today £175 has gone out to CC 2. That leaves all my CCs like this:

    CC1 6748 - target repay by Nov 20
    CC2 6838 - target repay by Aug
    CC3 8797 - target repay by June (around then £400 uni cost pcm stops)
    CC4 5131 - target repay by end Jan

    Here's hoping for a good week and month.

    Looking good SavingH. How exciting to think you'll be nearly debt free by this time next year :)
    Total (Aug 19):€58,567 Now:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    clearmydebts wrote: »
    Looking good SavingH. How exciting to think you'll be nearly debt free by this time next year :)
    Yes - that's what we are holding on to. Get paid tomorrow so planning an OP tomorrow to mortgage, CC4 and EF. It will be so amazing when we are CC free but we then want to kick the mortgage to the kerb and build retirement funds and investments. All part of our journey to freedom!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Today I was paid £2654 (included £50 in expenses) of which I:
    1. Put £1K to emergency fund
    2. Paid £631.71 to CC4
    3. OP £24 off mortgage with a further £78.51 going out tomorrow (on top of interest only mortgage of £206.49 per month)
    The rest is staying in our account to pay bills. DH gets paid Friday. Interestingly DH admitted to being more excited about it - now it was one of his CCs we were tackling.:rotfl:
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It's weird to think we used to overspend by £1K a month before we were having to pay DS an average of £400pcm.... It's not been easy - we got rid of a car costing £360 a month. We've now paid off a car we were paying £273 a month for. We've cancelled about £77pcm in insurance policies and put that towards the mortgage and debt repayment instead... DH got a £300pcm pay rise this year which helped a lot and we had our ppi payout. Very grateful that we now owe less than £27K on CC which is between a half and a third what we owed at our worst!!!.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • lucielle
    lucielle Posts: 11,511 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Keep those positives in mind! You're doing great.
    L
    Total 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 #124
  • doingitanyway
    doingitanyway Posts: 9,985 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    savingholmes wrote: »
    It's weird to think we used to overspend by £1K a month before we were having to pay DS an average of £400pcm.... It's not been easy - we got rid of a car costing £360 a month. We've now paid off a car we were paying £273 a month for. We've cancelled about £77pcm in insurance policies and put that towards the mortgage and debt repayment instead... DH got a £300pcm pay rise this year which helped a lot and we had our ppi payout. Very grateful that we now owe less than £27K on CC which is between a half and a third what we owed at our worst!!!.

    This is excellent progress, although it is the difference in your mindset that impresses me most :T You have come such a long way in a short period of time.
    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 100/1000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • DancingInTheRain
    DancingInTheRain Posts: 1,374 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    Hi just catching up on diaries and, as usual, yours is just so inspiring, well done on your achievements x
  • Tahlullah.H
    Tahlullah.H Posts: 1,227 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    You are doing great SH. You will achieve the end goal of debt free next year!! Cheering you on. Tx
    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 Park
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