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  • savingholmes
    savingholmes Posts: 28,973 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Exciting news on the bonus
    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 29/7/25
  • He does get really nice bonuses, not much less than my annual salary :# but the tax man does take a big chunk, like 42% for tax/NI. 
    Over the last few years they've gone towards paying off debt and house renovations, so it'll be nice to have most of it 'spare' for once.  DH wants us to have £250 each to spend on whatever we want as he's bored of all our income going on the house, kids and life stuff.  I like the idea, although it's probably a bit frivolous :D 
    DFD March 2025 (£35000 paid off)
    FFEF £10000/20000 saved
  • savingholmes
    savingholmes Posts: 28,973 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sounds like a really lovely things to do. Glad things have been improving. Has she kept the job?
    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 29/7/25
  • Great to hear that about entitled teen - maybe she’s just grown up a bit, and quite possibly getting that job introduced her to real life values as expected by normal people with a bit of a jolt! Lovely idea to book her a treat - hopefully she will make the connection that it follows that nice things happen when she’s being pleasant! 

    I get your thinking on the booze thing - and you’re right too, cutting back is a genuine choice which will improve health, particularly if you’re drinking most nights. Is the plan to gradually increase the “off” nights until you only drink on weekend (or equivalent if you’re working weekend shifts at all) nights? We don’t drink midweek on work nights at all - we both have to drive first thing if we’re travelling in to to work, and also knowing booze affects sleep adversely I don’t really want those effects on days I am going to be driving/working. Sometimes we’ll drink Friday/Saturday/Sunday and sometimes we don’t - this week I’ve had nothing as I’ve not felt like it. Next week will be boozier Friday and Saturday as we’re away with a pal for his birthday. If the weight doesn’t belong then the positive change to reduce the alcohol will make it depart, if it needs to stay then it’ll be more stubborn, but regardless you will still have made a really positive improvement to your health! 

    That’s fab news on the bonus too - and a great idea to each have a bit of it to do something nice with too. Fingers crossed it’s the sort of amount he’s hoping for! 
    🎉 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 1/4/25
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
  • Sounds like a really lovely things to do. Glad things have been improving. Has she kept the job?
    She has indeed!  She's enjoying the income and independence :)
    DFD March 2025 (£35000 paid off)
    FFEF £10000/20000 saved
  • Great to hear that about entitled teen - maybe she’s just grown up a bit, and quite possibly getting that job introduced her to real life values as expected by normal people with a bit of a jolt! Lovely idea to book her a treat - hopefully she will make the connection that it follows that nice things happen when she’s being pleasant! 

    I get your thinking on the booze thing - and you’re right too, cutting back is a genuine choice which will improve health, particularly if you’re drinking most nights. Is the plan to gradually increase the “off” nights until you only drink on weekend (or equivalent if you’re working weekend shifts at all) nights? We don’t drink midweek on work nights at all - we both have to drive first thing if we’re travelling in to to work, and also knowing booze affects sleep adversely I don’t really want those effects on days I am going to be driving/working. Sometimes we’ll drink Friday/Saturday/Sunday and sometimes we don’t - this week I’ve had nothing as I’ve not felt like it. Next week will be boozier Friday and Saturday as we’re away with a pal for his birthday. If the weight doesn’t belong then the positive change to reduce the alcohol will make it depart, if it needs to stay then it’ll be more stubborn, but regardless you will still have made a really positive improvement to your health! 

    That’s fab news on the bonus too - and a great idea to each have a bit of it to do something nice with too. Fingers crossed it’s the sort of amount he’s hoping for! 
    Hopefully she will!  I think being bossed around, dealing with customers and getting paid for her efforts is doing her the world of good.
    I'm planning to do 3 weeknights off booze a week (the nights before I work)... I'm stopping doing weekend shifts completely now as I earn enough doing 2 NHS shifts and 1 private shift a week ( the private shift earns me more than my 2 NHS shifts put together, which is daft really).  I'd agreed to do one Sunday in February, which I will do, but I won't agree to more after that. 
    The other 4 evenings, I'll just be more mindful of what I'm drinking and I think by default that will correct the snacking in the evening habit too!
    Yes, fingers crossed, it comes in his Feb pay pack so he'll hear mid Feb.  Luckily he works in a sector that has been completely unaffected by covid, they've actually had their best year ever and as his bonus is profit linked, it's looking good.  
    DFD March 2025 (£35000 paid off)
    FFEF £10000/20000 saved
  • mark55man
    mark55man Posts: 8,215 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    All good.  We found that the late teens were a real transitional period, and as they progressed through 6th form all of our young adults just got less edgy - sparky, yes - hormonal, yes - but just generally easier in their own skin and therefore less challenging.  Also you've probably accepted its too late for any more shaping/guidance s less to fight and push back against

    Good luck on the dieting - you are exactly right about 800 - snacking and booze are correlated and neither are affordable on the calorie budget - but you may be surprised and how full you will feel once you fnd the things you like and remove  lot of the carbs.  Our typical day is - black coffee for breakfast and at 10:30 - then eggs and bacon or ploughman or soup for lunch.  then a curry / tagine / stew (some but not many root veg) - often with cauli rice (we use frozen packs).  Then we will have full fat greek yoghurt with rasperries and some nuts.  I do have snackettes - but protein or veg not carbs
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • savingholmes
    savingholmes Posts: 28,973 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad things are going better with the entitled teen - I was concerned for both of you. Glad things have turned around.
    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 29/7/25
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