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£134000 in 6 years
Comments
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Week 2 0f 52
£263.13 saved this week making a total of £628.79 over the two weeks .I am very happy with this ,it would have been better if I hadn't overspent on food which came to £101.97 instead of £70 I need to make sure that I keep to my budget this week0 -
That is a great couple of weeks Try Harder. You seem very focused. Would it be worth keeping a running total of your mortgage sub account so that you can see it coming down ?0
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Thank you Busy Mee1 ..That's a very good idea , I will do that .
31st Dec £5962.42
7th Jan £5885.55
14th Jan £5678.65
These numbers will include a monthly payment of around £127 of which £17 is added for interest and £110 is subtracted as this is the only one of my Sub Accounts that is on a repayment basis ..My monthly payments are around £542 and I pay it over the month as and when I think of it rather than in one lump sum0 -
Week 3
£654.19 savings minus £178.65 to Sub Account 2 leaving £475.54
Total savings £1104.33 since January 1st
Sub Account 2 £55000 -
You have some great goals there. Keep postingAchieve 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 13/9/250 -
A quick round up for January .
Savings £1550 in total .I am very pleased with this considering I paid the balance of our holiday off this month too and some new furniture .Food budget not going too well but I shall try again next month to reduce it0 -
Sorry .I forgot to say thank you savingholmes0
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