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Moving forward and upwards
Comments
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Glad Tombo is going with you. At least now you have the certificate you can claim some of your costs back - I hope for your sake that's the case. Thinking of you. You've done so well dealing with a bereavement and a new job all in practically the same breath.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 13/9/252 -
Thanks SHI can, but sadly not from the money due as that's needed to pay for the rest of the funeral, probate and other things. I will eventually get back what I've paid out, but it will probably be this time next year.
I'm just doing what I do best, getting on with it.Mortgage started 2020, aiming to clear 31/12/2029.3 -
Hugs. It's a tough time. No platitudes will help. So just - thinking of you.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 13/9/252 -
^^^^ agree with this. Another also sending hugs MF0% 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/p12 -
Thanks SH and Skinty
Perhaps I should give myself a hug! A nice, big, warm duvet cuddle, followed by an overnight rest 😀Mortgage started 2020, aiming to clear 31/12/2029.3 -
Sounds goodAchieve 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 -
I'm not surprised that you are crying. It is a perfectly natural reaction. Whatever you feel give in to it this weekend and be kind to yourself, right now you come first as this is such a big thing to deal with. Please try to have a good weekend, I am glad paperwork is arriving and so pleased Tombo and cat is going with you to the hotel. You are loved.Aiming for a minimal spend 20222
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November financial round up:
£125 in savings
£15 into car everything pot
£10 into float
£25 into PBs
£10 into SIPP
£100 mortgage O/P £60,567 ish outstanding
£123.56 car O/P £2,456 ish outstanding
£1,240 O/S on the CC
Plans for December:
- Save whatever I can
- Get the mortgage as to close to £60k as possible, I need to find about £430 by the end of the year.
General Plans:
- I've reworked car finance numbers and it will be paid by the end of June.
- CC will be cleared by the end of April. Provided I don't have to pay for anything else.Mortgage started 2020, aiming to clear 31/12/2029.4 -
Half the battle is having a plan. Well done. Be kind to yourself 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 13/9/252 -
You are spinning so many plates at the moment and emotions will be high. Like SW said let the emotions out and do what you need.
Finances seem to be doing well, it's amazing you are still managing to spin that plate with so much else on.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 swimming3
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