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£134000 in 6 years

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  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    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 week
  • Busy_Mee1
    Busy_Mee1 Posts: 1,015 Forumite
    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 ?
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    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 sum
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    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 £5500
  • savingholmes
    savingholmes Posts: 29,032 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You have some great goals there. Keep posting
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    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 29/7/25
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    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 it
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Sorry .I forgot to say thank you savingholmes
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