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Giving every £ a job

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Comments

  • savingholmes
    savingholmes Posts: 29,139 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 £169.8K Equity 37.1%
    2) £2.4K Net savings after CCs March 26 (but owed £1.1K) so £3.5K
    3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
    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 £5.2K updated 16/1/26
  • foxgloves
    foxgloves Posts: 13,215 Forumite
    Part of the Furniture 10,000 Posts Photogenic 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
    2026's challenges: 1) To rebuild our Emergency Fund to at least £5k.
    2) To read 50 books (12/50) 3) The Re-Shrinking of Foxgloves 8.1kg/30kg
    Remember....if you have to put it on a credit card, extend your overdraft or take out a loan to buy whatever it is, you probably can't afford it, as that's not your money, it's somebody else's!
  • savingholmes
    savingholmes Posts: 29,139 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 £169.8K Equity 37.1%
    2) £2.4K Net savings after CCs March 26 (but owed £1.1K) so £3.5K
    3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
    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 £5.2K updated 16/1/26
  • amber03
    amber03 Posts: 1,477 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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: 4,396 Forumite
    Seventh 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: 29,139 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 £169.8K Equity 37.1%
    2) £2.4K Net savings after CCs March 26 (but owed £1.1K) so £3.5K
    3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
    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 £5.2K updated 16/1/26
  • lucielle
    lucielle Posts: 11,765 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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