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Learning to live within my means
Comments
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So you have done really well then, and continue to do so. Don't be so hard on yourself 😘
Edited because autocorrect 🙄Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
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Thanks both, that’s very kind. And I was too self-absorbed to thank you on what you said about your mortgage goals and milestones GAP, it makes so much sense to take that approach! It’s what I did when paying off the debt but hadn’t considered it for the mortgage.
Anyway, I phoned up today and increased my monthly mortgage payment to take up the slack in my budget that has been going on wants spending over and above the amount I’ve given myself for wants. I will also consider making a scary move over to MFW 😬😂Debt at LBM (Dec 2018): £23,167
Debt free Feb 20212 -
They're a nice enough bunch. Just be sure to leave a link on here so those who bookmarked you here can find you there.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/252 -
You're not self-absorbed, you're just in your own wee world trying to do the best you can, just like the rest of us. I'm slightly envious that you have taken the next step. I have to wait a bit longer before I can work out my routine. Keep going!astrocytic_kitten said:Thanks both, that’s very kind. And I was too self-absorbed to thank you on what you said about your mortgage goals and milestones GAP, it makes so much sense to take that approach! It’s what I did when paying off the debt but hadn’t considered it for the mortgage.
Anyway, I phoned up today and increased my monthly mortgage payment to take up the slack in my budget that has been going on wants spending over and above the amount I’ve given myself for wants. I will also consider making a scary move over to MFW 😬😂Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
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GAP I have absolutely no doubt that you’ll lap me before long, you’re so dedicated and focused. And also much less likely to spend all your free money on books and jumpers!Debt at LBM (Dec 2018): £23,167
Debt free Feb 20212 -
🤣🤣🤣astrocytic_kitten said:GAP I have absolutely no doubt that you’ll lap me before long, you’re so dedicated and focused. And also much less likely to spend all your free money on books and jumpers!
We can encourage each other 🙂Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
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mmm - money on books and jumpers
My mortgage free diary: +++ Divide by Cucumber Error. Please reinstall universe and reboot+++
GNU Mr Redo2 -
Have also just realised that the amount I’m now paying to my mortgage per month is the amount I’m hoping to pay to a new mortgage if I ever manage to move. So that bodes well in getting me used to it!Debt at LBM (Dec 2018): £23,167
Debt free Feb 20212 -
I did wonder whether the two of you were actually the same person for a minuteredofromstart said:mmm - money on books and jumpers
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I aspire to be like redo in all ways 😂greenbee said:
I did wonder whether the two of you were actually the same person for a minuteredofromstart said:mmm - money on books and jumpers Debt at LBM (Dec 2018): £23,167
Debt free Feb 20211
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