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2020++ - smiling and waving and looking so fine

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Comments

  • Sarahwithlove
    Sarahwithlove Posts: 3,408 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    I think it's good to keep going if you benefit from it as it helps keep your financial goals focused. You've been in debt and now your not, you still have alot to offer the boards. 
    *Dad loan - £5300 - £7200
    *Virgin Credit Card - £3552.50 - £0
    *Natwest - £1828.35 -£0.00

    Barclaycard - £2315.25 - £0.00

    Creation Finance - £960.32 £840
    *Total debt - £8040/£11641.17*


    Savings
    *Savings Buffer - £100/£1500
    *Emergency Fund - £1500/£1500


    New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/
  • KajiKita
    KajiKita Posts: 8,339 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Finishing work in spring is always a good time I think. Means you have all that lovely light and promise to enjoy fully as you adapt to a new way of living 😊

    KK
    As at 15.09.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £230,969
    - OPs to mortgage = £12,345 Estd. interest saved = £5,863 to date
    Fixed rate 3.85% ends October 2030

    Read 58 books of target 52 in 2025, as @ 12th October 
    Produce tracker: £426 of £300 in 2025

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • mark55man
    mark55man Posts: 8,221 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thank you KK - that's the thinking - also means I can do all the garden slog work early in the year and spend the summer enjoying the benefits
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sounds good to edge into retirement. 
    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
  • mark55man
    mark55man Posts: 8,221 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thank you SH - its about keeping strong and interested, but nor demanding too much from yourself.

    There is still a little part of me that says I'm stringing it out too long, But I am quite busy at the moment and its the key project I want to see through.  I will need to be strict with myself to do what I have to and no more. Then move into handover and mentoring my replacement - rather than doing another project.

    Am going away for a seaside break long weekend with a group of friends from the North,  Who refer to our destination as Scar-bados - although technically its a little outside of that.  A new destination so that will be fun 
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • Humboldt
    Humboldt Posts: 472 Forumite
    100 Posts First Anniversary Name Dropper
    Hi @mark55man, reducing working hours to part-time and a seaside break to look forward to.  Life sounds good. 
  • mark55man
    mark55man Posts: 8,221 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thanks @humboldt
     
    Working 60% could be 60% better or is that 100% better.  Deffo looking forward to a coastal break!!
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • doingitanyway
    doingitanyway Posts: 10,322 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Mortgage-free Glee!
    I imagine you will up the seaside breaks when you do retire. Like myself, you seem to enjoy the seaside all year long.
    Work-wise, less is definitely more


    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

    Emergency fund 3501000
    Buffer fund 0/100
    Debt Free (again) 25/072025
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