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Mortgage freedom/FIRE diary
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Mortgage now stands at £72,900. £97.31 paid off since the remortgage at the beginning of the month.
My campervan went in for a service and new cambelt Friday, I'm now £560 poorer. I have 'borrowed' some money from one pot which will be fully paid back in the new year. It's only because of overtime that I have the money.
I have done really well with Olio this past week. Last Sunday I went and collected a cream daybed with a trundle bed. It took me a few hours to put it together, it looks really good. It will be perfect for when my two boys come to stay. I will need to buy another mattress because I only had one. On the way back from collecting it I saw a wooden lamp table with 'free' on it and stopped to collect it. It's in great condition and looks lovely in my lounge. I collected from Tesco's last night, lots of use by items that I listed but some weren't requested, so I have several posh pizzas, stir fry mixes, wraps and pasta salads to eat up. I will freeze the pizzas.
I have spent all my budget apart from £13.88 of my grocery budget. What is left will go to the mortgage Thursday evening when I get paid.
Little wins,
I have started earning interest, 88p from my new savings account which I keep my sinking and emergency funds in.
Saved £12 on the cats food for December - actually this is quite a big win.
Without overpayments: 15 years, 1 monthsBecause of overpayments: 10 years, 10 months left until paid off6 -
Lots of lovely wins there on the furniture and the food.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 29/7/251
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