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The Final Countdown
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Happy new house to you.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post 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 & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Enjoy your new home and all that ebaying!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 £4.8K updated 29/7/250 -
I have bought a very ugly 30s bungalow that sits on a lovely big plot in the area I have wanted to live for a long time. I can live here as it is whilst I work with an architect to deliver what I would like long term. 2 bedrooms, a sewing studio, kitchen diner and living room, easy care garden with a greenhouse. I want to improve the insulation, add solar and make the place easy to lock up and leave so that I can travel. I am living here as is for at least a year whilst design, planning etc goes through at that point I'll to move out for a while.It's exciting!0
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My target is to get to £60k by the end of the year.0
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How exciting:)I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post 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 & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
First payment of the new mortgage rounded up to £1000, need to find another £600 to reach my August target.0
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I am having a break from Ebaying in August - I'm just not feeling it! No doubt after a break I will be back on it. At the same time I am paying off I am cash flowing paying architects fees etc, so yes I am still working three days a week for the next year at least ,BUT once everything is finished that is it, mortgage free and retired.0
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You have done such a great job Toots. Congratulations for getting to where you are today. Enjoy the break from ebay - it can be soul destroying in large quantities! Wishing you well. TxStill striving to be mortgage free before I get to a point I can't enjoy it.
Owed at the end of -
02/19 - £78,400. 04/19 - £85,000. 05/19 - £83,300. 06/19 - £78,900.
07/19 - £77,500. 08/19 - £76,000.0 -
Paid off the next £1k but it has been a quiet month, I seem to have lost the squirrelling gene. I did no selling and made no extra payments. I am cash flowing fees and other stuff for the changes to my bungalow but really I am much more motivated to get rid of debt than anything else. I need to get some selling done this month otherwise I wont be at £60k by Christmas.0
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