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20/20 Vision (repaying a debt to my home and myself)
Comments
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I think it is doable and it would be good to be able to do the work on the house more quickly. Whether you can do it and live well is a different matter. Good luck with it, it's definitely doable and the end goal could make it all worthwhile
. Finally Debt Free After 34 Years, But Still Need to Live Frugally
Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS0 -
Happy New Year DIA , hope all your plans come true.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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It sounds like it's doable DIA.
It's not like you HAVE to live on 1k, but that every penny you spend over 1k is eating into your house progress, so I'd imagine that'll make you think carefully about additional spends? I'd imagine it make me think that way.Sealed Pot Challenge 075
Pay off by Xmas 2019 #02 - target £10,0000 -
You've got no debt and no mortgage... so you know how to do it. SOA and work out what you can cut where - and if you know how much you need to save, you know how long it is for so you can decide on the goal.
Actually, it seems a very sensible idea. Put yourself on a tight budget for a set period of time (one you know you can cope with) and have a goal at the end of it. I might have a think about that myself...0 -
I think you can do it, but I agree you should think very carefully whether you actually want to. Life is too short to make yourself any more miserable than necessary.
May 2019 bring you joy
Rosa xxDebt free May 2016... DFW#2 in progress
Campervan paid off summer '21... MFW progress tbc0 -
Yes HH, I think it is doable. Living well should also be possible if I can get my food shopping under control. Here's to giving it a go :beer:HairyHandofDartmoor wrote: »I think it is doable and it would be good to be able to do the work on the house more quickly. Whether you can do it and live well is a different matter. Good luck with it, it's definitely doable and the end goal could make it all worthwhile.
Thanks Cumbria. You tooCumbria_lass wrote: »Happy New Year DIA , hope all your plans come true.
I agree Homegrown, so I'll be going for it. I like to aim high or low, you know what I meanHomegrown0 wrote: »It sounds like it's doable DIA.
It's not like you HAVE to live on 1k, but that every penny you spend over 1k is eating into your house progress, so I'd imagine that'll make you think carefully about additional spends? I'd imagine it make me think that way.
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 800/1000
Buffer fund 0/100
Debt Free (again) 25/0720250 -
It will only be for 3 months and I couldn't truly be miserable as I won't be going to work or commuting or dealing with office politicsRosaBernicia wrote: »I think you can do it, but I agree you should think very carefully whether you actually want to. Life is too short to make yourself any more miserable than necessary.
May 2019 bring you joy
Rosa xx
Added to that I do like a challenge
Oh, and the pay off will be bringing back into use a room I haven't used for many years
Happy New Year with lots of joy to you too Rosa 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 800/1000
Buffer fund 0/100
Debt Free (again) 25/0720250 -
You can do it 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 -
Happy New Year DIA xxAs of 31st December 2018 Total Debt = £15837.59
DEBT 1 - £41.10 DEBT 2 - £257.41 DEBT 3 - £584.12 DEBT 4 - £700.00
DEBT 5 - £655.02 DEBT 6 - £669.18 DEBT 7 - £3448.00 DEBT 8 - £2169.12
DEBT 9 - £2964.25 DEBT 10 - £4349.390 -
Good luck and Happy New Year0
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