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Moving forward and upwards
Comments
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Progress being made, welll done :-)
Ummm pizza, yummy.Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming4 -
I hear the drip, drip, drip of steady progress, Babs, like the raindrop on the stone, you will reach your goals and wear down that memory of debt misery, to create your well of cash stash, and beyond that reach your dreams! Oh, gone all over poetical!
"...when you have eliminated the impossible, whatever remains however improbable, must be the truth..."
"Mastering a low budget lifestyle now, means you are set for life" quote by 'Miss Babs'
Dog's 'Pot o' Gold' = £23.85
Household maintenance = 0
Prolific Academic = £41.643 -
Thank you LW2G, pizza was from the chippy as it's not much more than buying a nice one from the shop, only it's proper freshly cooked rather than put in the oven.
Thank you Ren, the old me feels like a lifetime ago, almost not even my lifetime.
Finance:
- I closed a couple of savings pots (garden and decorating) as I'm spending the money from income as and when.
My savings pots (and interest rates) are:
- Communal funds x2 pots (1.49 & 1%)- Interior EF - emergency leak etc (2%)
- ERC pot and modernising pot (0.50%)- Mortgage EF (0.75%)
- Cash EF (3%)
- Car everything / home insurance (0.10%)- Float - currently gas / electric (0.01%)
There's progress with the gas / electric. Accounts should be set up, just waiting on confirmation of this, then I'm moving companies!
We cashed in half of the supermarket points, TomBo is using those for shopping.
I'm relaxing on the sofa this weekend 🤫Mortgage started 2020, aiming to clear 31/12/2029.4 -
2% interest is good - can you move more of your money into that account?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/252 -
That account is nearly at its max for that rate SH, by the end of next month it will be full. I've been focusing on filling it that last few paydays.Mortgage started 2020, aiming to clear 31/12/2029.3
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Well done on saving the maxAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/251 -
What can I say but - potastic! "...when you have eliminated the impossible, whatever remains however improbable, must be the truth..."
"Mastering a low budget lifestyle now, means you are set for life" quote by 'Miss Babs'
Dog's 'Pot o' Gold' = £23.85
Household maintenance = 0
Prolific Academic = £41.643 -
Hope you are having a nice relaxing weekend Babs. Feel a bit like that myself, think I have run out of steam 😆0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
House sale OCT 2022 = NOW MORTGAGE FREE 🤗
House purchase completed FEB 2023 🥳🍾 Left work. 🤗
Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).
Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1
Living off savings diary
https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p14 -
Thank you SH, Ren and Skinty.
I ran out of steam breaking up for Christmas. If I have the rest of this month for relaxing, I can hopefully make a start on the hall in February, keeping on schedule for getting the flat done this year.
I've decided to not bank my bank rewards each month, that way it will be a nice little bonus every year or whenever I do cash them in; £60+ a year.
Will try and take the Christmas cards down next time I stand up. I'm leaving the tree and lights!
Mortgage started 2020, aiming to clear 31/12/2029.4 -
We've left our tree and all our lights up too. Brightens up the placeAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/253
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