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Keeping on the Straight and Narrow...
Comments
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It's definitely a consideration, thank you. We're going to have a more in depth chat over the weekend so we'll see how it all plays out x3
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Enjoy your weekend
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.4 -
Glad you are sorting your pension. With the savings - great that you could be debt free.Have fun this weekend.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 13/9/253 -
***OMG DITR DEBT FREE ALERT!!!***
Kids went to bed early last night so DH and I sat and discussed finances.
End result was we decided to close the regular saver in my name and take some money out of the instant access EF and pay off the credit card.
Balance showing today = £0 👏👏👏
This leaves DH regular saver with £750 in it, will leave this open and continue to contribute £250 each month.
Instant Access EF now stands at £1950, this needs built back up - our new goal is to get this up to £5,000 before then looking at overpaying the mortgage and investing in a S&S ISA.
I honestly can't believe we've been able to do this, we're so unbelievably grateful that our circumstances have allowed this. There was an argument for keeping the savings but what finally swung it for us was the realisation we've been together for 9 years next week and we've never been debt free!
We've always played the 0% deals but decided to start our 10th year together owing nothing other than DH's student loan (around £9,000) & our mortgage (currently £54,700) so ding dong the credit card debt is gone 🤣
Thanks to everyone for supporting me on here, you're all fantastic! I'm going to keep the diary going as even though I change my mind every 5 minutes as to how to manage finances 😳 I am more disciplined in managing the budget when I update on here regularly.
Thanks everyone, I really have been kept on the straight & narrow since starting the diary xxx8 -
Congratulations!!!! If only there was stllla jumping up and down emoji lol x
glad to hear you will be keeping the diary going also x
Pennies starts again...........2022 - £13,579.224 -
That's great news and I think you have made the right choice. Now you can focus on saving back up and that's always a nicer feeling*Dad loan - £5300 - £7200
*Virgin Credit Card - £3552.50 - £0
*Natwest - £1828.35 -£0.00
Barclaycard - £2315.25 - £0.00
Creation Finance - £960.32 £840
*Total debt - £8040/£11641.17*
Savings
*Savings Buffer - £100/£1500
*Emergency Fund - £1500/£1500
New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/4 -
Fantastic news 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.5 -
Congratulations Dancing, that must be an amazing feeling. 🍻Success is not final, failure is not fatal: it is the courage to continue that counts. Car loan 1 £11,174, Car loan 2 £5,532, CC 0% BT £780. Debt Free Diary to try & keep spending in check.3
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OMG Yay 😀 this is fantastic news!!! Congratulations the hard you have put in has well and truly paid off, this must be such an awesome feeling. Well done DITR and onto the next chapter x5
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Well done!!! Xxxx4
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