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Giving every £ a job

194959799100277

Comments

  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I love that you are reaping the rewards of those marginal gains by being able to retire on a date of your choosing.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    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 £5K updated 10/10/25
  • foxgloves
    foxgloves Posts: 12,785 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    @Blackcats - I don't like taking money out of our savings pots either. I think because we were silly spenders for such a long time, the presence of money in our savings pots makes us feel secure & is a sign that we have very much changed our irresponsible habits for the better. Of course, the pots are there for a reason, but I feel the same, whether it's the car pot, the meow fund or (likely to be extremely soon, sadly) the dentist &optician pot. One of the tasks I need to do imminently in preparation for our annual money summit (usually January but delayed due to car purchase which should have happened in September), is to look at the current state of our Savings Pots, do my best assessment on likely commitments this year & thus decide on a realistic 'ceiling amount' for each of them. But yes, I agree that every time I draw some funds across from one of them, I resent seeing the total drop. Probably still not 100% used to the fact that we are now capable of actually saving!
    F x
    2025's challenges: 1) To fill our 10 Savings Pots to their healthiest level ever
    2) To read 100 books (36/100) 3) The Shrinking of Foxgloves 8.1kg/30kg

    "Life can only be understood backwards but it must be lived forwards" (Soren Kirkegaard 1813-55)
  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Fantastic finds on the vouchers! Lots of things to look forward to.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    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 £5K updated 10/10/25
  • amber03
    amber03 Posts: 1,394 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    We’ve used a few vouchers recently that we were given before all the Covid fun began. They were honoured at all the places even tho a few had gone out of date. Annoyingly one of them for a restaurant we really liked and was bought by our DS in Xmas 2019, can’t be used as the restaurant had closed down as it was relocating but has had planning issues and basically they have given up and just shut down.xx
    :j Debtfree and and staying that way.:j3-6 month emergency fund, No.61 £140.00
  • Blackcats
    Blackcats Posts: 3,987 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Thanks SH  - feels like we are coming out of hibernation 😸.  One set of tickets is for Human League so that will be a trip down memory Lane. It's at a lovely venue so can have a picnic before the show.

    that's a shame Amber - it's been tough for restaurants so I can see why the owners would give up.  Glad that other vouchers have been used though - I think it's nice for those that gave us the vouchers to know that we've finally enjoyed their gift.

    Freezer inventory complete - didn't take long once we got started.  I conclude that this household has a very large stock of prawns .... a few unidentified tubs of leftovers and enough variety of food to make a good few tasty dinners.


  • MissRikkiC
    MissRikkiC Posts: 1,409 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I love the delay week shopping by a day a week, it’s clever if not simple yet unthought of! 
    Follow here for the daily life of an ADHD mum with 2 children and a new mortgage to pay

    https://forums.moneysavingexpert.com/discussion/6570879/life-in-our-forever-family-home-and-the-mortgage-that-came-with-it#latest
  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I love the delay week shopping by a day a week, it’s clever if not simple yet unthought of! 
    I like this idea. Definitely will try that. 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    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 £5K updated 10/10/25
  • lucielle
    lucielle Posts: 11,577 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I have ufo’s in my freezer, unidentified frozen objects…
    L
    Total Debt Dec 07 £59875.83 Overdrafts £2900,New Debt Figure ZERO !!!!!!:j 08/06/2013
    Lucielle's Daring Debt Free Journey
    DFD Before we Die!!!! Long Haul Supporter #124
  • Amazing on the vouchers and the freezer!  You are rocking MSE Blackcats!
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