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Debt free before August 2023

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  • savingholmes
    savingholmes Posts: 28,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hugs Poppy. It's sad when plans get derailed. Something will come up...
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • Poppy1984
    Poppy1984 Posts: 628 Forumite
    Fourth Anniversary 500 Posts Name Dropper I've been Money Tipped!
    Thank you @savingholmes I need those hugs. It's getting so close, I know it's realistically not going to be long even if it is March 2022 when I'm finally debt free it's not that long to wait but I'd still really like it to be sooner. 

    Like you say something will come up

    Poppy :heart:
    19-02-18 Total Debt £30,322
    17-12-21 I'm Debt Free 🎉🎉🎉🎉
  • savingholmes
    savingholmes Posts: 28,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I also got derailed right before the end date... But better to be derailed at the value we owe now than when we were buried in debt. There's no comparison.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • Poppy1984
    Poppy1984 Posts: 628 Forumite
    Fourth Anniversary 500 Posts Name Dropper I've been Money Tipped!
    Hey 👋 
    just popping on to update totals and new DFD 

    my total is now £2,816 and my new dfd is February 2022 

    feeling really stressed about money at the moment, stretching myself really thinly right now trying to support ds and over pay my loan. 

    Urgh, it feels never ending really, even though I'm so so close to getting debt free, financial things keep cropping up and stalling me and I've lost a chunk of income too due to changes of circumstances but my outgoings haven't reduced. 

    I'll get there but it's a process and not one that's going to end once I'm debt free this is a life long journey now of budgeting and staying out of debt!! 

    Hope everyone's doing well on their debt busting journeys and keeping safe in these strange times we are living in. 

    Poppy :heart:
    19-02-18 Total Debt £30,322
    17-12-21 I'm Debt Free 🎉🎉🎉🎉
  • savingholmes
    savingholmes Posts: 28,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hi Poppy
    You are getting so close now. It's right to want to be debt-free but don't sacrifice your MH to do it too quickly
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • Aspiration
    Aspiration Posts: 532 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Hi Poppy
    You are getting so close now. It's right to want to be debt-free but don't sacrifice your MH to do it too quickly
    Couldn’t have said it better!! Incredible progress and you are right, it’s a life long process so don’t try and cut too tight which may not be sustainable. 


    April 2020 - £102,222 Loans/CC’s.

    Jan 2022 - £0
    Cleared - £102,222

    Jan 2022 - Now time to build suitable investments and a business!
  • You'll get there, just look back at your first post and remind yourself of how far you've come on your debt free journey in such a relatively short period of time, simply amazing! Take care x
  • Poppy1984
    Poppy1984 Posts: 628 Forumite
    Fourth Anniversary 500 Posts Name Dropper I've been Money Tipped!
    Hi Poppy
    You are getting so close now. It's right to want to be debt-free but don't sacrifice your MH to do it too quickly
    Thank you @savingholmes you're so right 
    19-02-18 Total Debt £30,322
    17-12-21 I'm Debt Free 🎉🎉🎉🎉
  • Poppy1984
    Poppy1984 Posts: 628 Forumite
    Fourth Anniversary 500 Posts Name Dropper I've been Money Tipped!
    Hi Poppy
    You are getting so close now. It's right to want to be debt-free but don't sacrifice your MH to do it too quickly
    Couldn’t have said it better!! Incredible progress and you are right, it’s a life long process so don’t try and cut too tight which may not be sustainable. 


    Thank you @Aspiration yea I think I'll end up burning out if I keep putting this amount of pressure on myself! 
    19-02-18 Total Debt £30,322
    17-12-21 I'm Debt Free 🎉🎉🎉🎉
  • Poppy1984
    Poppy1984 Posts: 628 Forumite
    Fourth Anniversary 500 Posts Name Dropper I've been Money Tipped!
    Thank you @DancingInTheRainand congratulations on becoming debt free last month!!! That is incredible, you must be over the moon. Huge huge kudos! 

    Poppy :heart:
    19-02-18 Total Debt £30,322
    17-12-21 I'm Debt Free 🎉🎉🎉🎉
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