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Twinklie returns to the property ladder
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January update
DEBTMade up of car loan and DH's phone.
I've decided to take this off because I have to rely on DH for updates on these and it drives me potty. But I'll keep a check on it separately.
Start of year total debt = £5,432SAVINGS
Aim to save £400 per month to build emergency fund and for rainy day expenses (car, house maintenance etc.). DONE (with a bit extra).MORTGAGECurrent daily interest - £14.08We now own 23.39% of the house - current rough valuation actually puts us as 33.62%.3 rooms owned (5 if I go with the higher valuation).Paid off 14.42% of the mortgage.Current MF date - Oct Sept 2037.
I'm not sure given what's happening with cost of living if we will be able to keep up the pace (although I didn't OP anything in January - but that was because I was ill with covid more than anything).
We are planning on doing the patio in April so that should eat away at some of our funds as well. Not sure how I feel about having the puppy and kids at home whilst it's being done, but needs must I guess. I was sort of hoping to take the kids away so I didn't have to deal with it all. But DH is less than impressed with that idea. Partly due to the money and partly due to not wanting to miss out I think.Reduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
% of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
MFiT-T7 #21
MFW 2025 #2
MF Date: Oct 37 Feb 374 -
Oh and annoyingly, the boys bed has been delayed until the end of March!Reduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
% of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
MFiT-T7 #21
MFW 2025 #2
MF Date: Oct 37 Feb 373 -
First OP of the year £250.
Reduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
% of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
MFiT-T7 #21
MFW 2025 #2
MF Date: Oct 37 Feb 374 -
That is a decently big op.3
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That's a great OP! Sorry to hear about the bed, so annoying!Save £20,000 in 2025. April 2k, May 3.5k4
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Great OP!! Well doneAchieve 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 29/7/253 -
Hey twinkle, sorry to hear that you still aren't 100% after COVID. Well done on your first overpayment of the year!Mortgage-free wannabe 2025 £571/30003
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Managed 2 weeks back at work and am now on leave for a week! Yay me!Reduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
% of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
MFiT-T7 #21
MFW 2025 #2
MF Date: Oct 37 Feb 373 -
Enjoy your time offAchieve 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 29/7/251 -
Happy half term!2
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