We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Prosperous soul in the making
Comments
-
There is a lot to be said by writing down a list of wants and then stepping back to think about them - a lot tend to drop off as being unimportant the more you think about them!🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
£166 paid off debt. Pay day tomorrow.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 29/7/250 -
Whoop whoop!Mortgage started 2020, aiming to clear 31/12/2029.0
-
Happy payday!"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 McGee0
-
Struggling to stay focused on debt repayment currently. Only planning either minimums or fixed payments this month. £102.51 has come off the mortgage and £172 off one of the CCs. Have a good day all.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 29/7/250 -
savingholmes wrote: »Struggling to stay focused on debt repayment currently. Only planning either minimums or fixed payments this month. £102.51 has come off the mortgage and £172 off one of the CCs. Have a good day all.
I'm struggling too. Looking forward to January once the festivities are over and I can get focussed and back on track. I've given up everything apart from minimums for the rest of the month.Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
0 -
Minimums/fixed payments mean the balance is still coming down, keep in mind how amazingly well you've done already. Keep going
0 -
I don't think debt can be repaid in one gear. For me I had some months when I was in 5th gear and other months when I was barely moving. I still got there on time. Just keep going 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) 25/0720250 -
DancingInTheRain wrote: »Minimums/fixed payments mean the balance is still coming down, keep in mind how amazingly well you've done already. Keep going
Yes - this. SH you've done this previously - you know that the momentum WILL return - just keep things ticking over until that happens and you're no worse off, are you!🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
Thanks GAP, Dancing, DIA and EH
I realised I am beating myself up unnecessarily - the top reason for not paying as much off this month is we are due to pay DS uni accommodation of £933 on the 31/12! Talk about bad timing.
Cheered up a bit today as towel radiators were fitted. We'd bought the wrong sizes and I had to go and swap 2 of the 3 and we'd bought the wrong type of valves so it ended up costing about another £35 to upgrade to bigger one but I am really pleased with it. That's assuming I get a refund on the original valves. We will need to paint behind the radiators in the xmas break but I have two weeks off so that should be fine. DH's radiator had stopped working and the plumber fixed that too.
Just one day left to work for me and then I have two weeks off - I can't wait. DH is only off the bank holidays and the 3 work days in between. DD came off her bike again yesterday and seems quite down so she skipped college today. Not sure if she is going in tomorrow or not.
DS is in Oz. He is fixed up at various friend's parents over xmas so should have a good spread. I gave him some silly wrap ups to take with him. I've pretty much sorted everyone's xmas present. May just buy a few charity shop books for MIL but other than that pretty much done.
Car service is due on Saturday - but really hoping that it is fully covered by the savings plan I have with the dealer.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 29/7/250
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards