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Moving forward and upwards

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Comments

  • Skint_yet_Again
    Skint_yet_Again Posts: 8,450 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Mortgage-free Glee!
    End of this month would be fab, how much notice do they expect you to work?

    Almost outta there 🥳🤗
    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/p1
  • MovingForwards
    MovingForwards Posts: 17,149 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Thanks Skinty

    If I put it in end of this month, I'm free end of next with a full month's wage and 8 days holiday pay.

    I'll move the pension from here into my SIPP.

    I've also got a meeting after worth with a college to finish my qualifications off, a lot cheaper than where I thought I'd have to do it!
    Mortgage started 2020, aiming to clear 31/12/2029.
  • savingholmes
    savingholmes Posts: 28,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sounds great on college options. 
    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 29/7/25
  • MovingForwards
    MovingForwards Posts: 17,149 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Oh SH it really is! I've had my college meeting and they've accepted me on the course 💃🍾💃

    The guy was fantastic and been teaching it for almost as long as I'm been dipping in and out to do both levels! Such a contrast to when I've been to college / uni to do my previous modules and the support sounds fantastic!

    I start my first module the beginning of July as they're running a 6 week summer school for that one; £300 plus cost of submitting work.

    Then I can register for a big module and do the exam at the end of this year, £500 plus exam fee.

    That would leave me 3 big modules to do over 3 years, possibly even getting them done in half that time 😃😃

    Feels like a weight off my shoulders and the costs are so much better.

    I've also been chatting away to my new employer. I'll be 'hybrid' working, with occasional visits to clients; it's a different office and a slightly better drive. I've picked what equipment I want and they've said which bits to start getting a better understanding of while waiting to start / undertake training; I asked as I don't want to go in 'blind'. 

    I have picked the date my resignation goes in 🤭

    What a start to the weekend!
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Skint_yet_Again
    Skint_yet_Again Posts: 8,450 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Mortgage-free Glee!
    Fantastic news 🤗 Things are looking up for both of us 😃
    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/p1
  • MovingForwards
    MovingForwards Posts: 17,149 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Thank you Skinty

    Time for a joint celebration and some good fortune 😊 just what we both needed and our stress levels will begin to reduce.

    TomBo and SIL are really pleased as they think I'm suited to the role. I've told a couple of workmates who are genuinely happy I'm getting out.

    My pay is slightly less each payday than I currently get, but more paydays a year 🤭 more holidays, can buy holidays (good for my exam days), discounts (including swimming) and obvs the DB pension plus a load less fuel each month.

    I need to find a desk 😊

    We had fresh veg and tomato pasta for tea, I had gf madeleine's for pudding.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • savingholmes
    savingholmes Posts: 28,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Such fantastic news
    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 29/7/25
  • doingitanyway
    doingitanyway Posts: 10,007 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    Such good news for you. Well done. all sounding great x
    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

    Emergency fund 100/1000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • MovingForwards
    MovingForwards Posts: 17,149 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Thank you SH and DIA

    I've been up since 6am, should have gone back to sleep but I got up instead. 

    I spent the first few hours of my day searching online for a suitable desk to accommodate working and studying. 

    Decided to call a charity shop I've used before, see if they had anything and I'm now the proud owner of what appears to be a solid pine desk with shelves fixed above it; one side for work the other for study papers / books (£65 + £20 delivery, arriving Friday).

    I also picked up a rug, but turns out to be a hall runner (£5).  It's light green and will complement the hall colour scheme, while also covering TomBo's ethernet cable; the current rug only covers some of it and I've tripped over the cable a few times 🤨 

    Having thought about J3 I will be pulling out of the interview, it an ok role but nothing exciting and I'd probably find it quite frustrating as I'm well past that stage in my career, let alone the commute is over an hour by train. I'm not submitting any more applications, there's no reason why I'll have the J1 offer withdrawn with references and that search for criminal records.

    Instead I'll use my time to garden, prep for college and wind down from current job. I will need another trip to Mat-ll-n to buy a few smart casual items at some point before starting.

    Time for 2nd vanilla latte 😊
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Skint_yet_Again
    Skint_yet_Again Posts: 8,450 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Mortgage-free Glee!
    Fab bargains. Those Ethernet cables are a nuisance. DS has one that he occasionally uses and it goes from the living room and upstairs. Great idea to put the runner over it
    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/p1
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