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2020++ - smiling and waving and looking so fine
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Good luck with decluttering and the tip. Well done for sorting out pensions.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/253 -
so this week has been a little messed up - although I was meant to be on a mini break, the weather has been dreadful and a task at work I thought had gone away has come back for a final encore so I've been mixing breaks and working (will get paid back the time off in a few weeks). Did eat a few frogs, whilst maintaining my weight, so that's a win win
Frogs eaten - pension/NI stuff for me and OH and DS2 - all different things but needed a lot of paperwork - still got to get some stuff signed by a professional (how archaic) but to be fair OH didn't tell her pension co she'd been married for decades.
Also did tax for me and helped OH. Normally I do it roughly early in the year to check I'm not in for a shock, but then leave it until December to finish off. This means I basically do it twice so this time I just did it correctly first time. £70 owed, but can live with that
Also got down to the Tip with a huge load of clutter - was really happy as I think I can probably get away with only one more journey and then I've caught up with the backlog. Even better there was no queue when I arrived (just before lunch), but there was a little queue when I left - oopsie.
Overdraft is pretty good, our gardener had a spare day which we used to blitz a bit of an eyesore adjoining our house which is not really our responsibility but who else is going to do it. so that was an unexpected £150. However OH salary has just gone in and that should be enough to see us through to my payday in 10 days or so. So final OD result was One Day Overdrawn, max OD balance -£100, total stupid tax £0. So not perfect, but much improved and next month (Rodney) we'll be zero-ionaires
Have been a bit more active on these boards trying to help people - we're very lucky in that finances are not any more of a problem than usual, and we have some space although 5 adults (now DD2 is back at Uni) is a lot to keep harmonious all the time. generally we get on fine though and its been really fun some of the time. So I'll leave that there and I'm going to spend the morning doing work admin then call it a day for the weekend
I think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine5 -
very nice evening in the garden with the family after supper, for a post dinner social. started at 8pm and ended at 11:30. would have been lovely with a nice fire, but they are not allowed so we had to make do with alcohol insteadI think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine6 -
Glad you've managed to clear some frogs and find time for relaxation. We too are feeling blessed that we have retained our jobs and income while challenged at times have 4 of us in the house when we'd got used to 3.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/255 -
Got paid yesterday, but still a long way to end of month which is odd - like at XMAS we get paid a week early and then January 31st is so far away!
So my target for June's day to day spending was £1275. which I missed but not by much, and was more of an opportunity cost (the gardener) but had a good benefit (the neighbours were happy, which matters, a little).
That means my target for July is £1250 - a bit less as I had a little O/D to mop up but I also got a little more in my pay cheque so July should be tight but not too bad
I will do my numbers reporting at the end of the month (I never know what to do with end of month days, but its just easier for my spreadsheet to do 1st - end of month. although the bank account goes from pay cheque to pay chequeI think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine5 -
Just looking at overdraft in January I started being overdrawn on the 9th, and peaked well into 4 figures. overdrawn days 20 - overdraft interest £12
Then in April, started being overdrawn on 15th, peaked at under £500 OD - overdrawn days 12, overdraft interest £0 (Covid)
Then last month peaked at £250OD - overdrawn days 3 - overdraft interest £0 (Covid) and 2 of those days were cash flow timing.
So lets see what July brings !!I think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine6 -
You will get there. Establishing an emergency fund of at least £1K helped us out loads. Before that we were overdrawn regularly.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/255 -
Thank you SH
I've never really been troubled by the OD, to me it was just another number in a balance of savings and debts and other accounts - but with costs going up, and my focus going up it was time for some action. And it would be a nice feeling to be in the black for a whole month - and honestly at that (ie no CC). I'll get back to you
At least my stupid tax bill has gone down. Now I need to work on my lazy tax (ie work harder to stop leakages)I think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine7 -
Lazy tax, I like thatDFD March 2025 (£35000 paid off)
FFEF £10000/20000 saved6 -
ohshithowdidthathappen said:Lazy tax, I like thatAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/255
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