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2020++ - smiling and waving and looking so fine
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Yay!!!!! That is the best news I have heard today*Really pleased for you, and I think a curry was well deserved and utterly appropriate considering the circumstances (just my tuppence worth).So no debt except the mortgage for 2022 then eh? That is brilliant.*I am the only one up so far in my house.4/10/22One Year Mortgage Free Yay!
NSTurtle # 55 🐢 🐢 🐢 🐢 🐢 🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 No Turtle gets left behind.[/b]
******PROUD MEMBER OF THE TOFU EATING COALITION OF CHAOS !!!******3 -
Excellent news all round and great planning. That is definitely a proper light at the end of that tunnel, now!🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her2 -
Thank you both - it must have been like watching a reluctant swimmer gathering up courage to pull the trigger and dive in. Debt has been with me for so long, that I have been using debt neutral as a bit of buffer before actually pulling the trigger on clearing it and putting the CC's in the freezer or even cutting them up. That will be next year focus
I did enjoy the curry it took 20 years of my outlook - its been so long since I've been out for oneI think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine2 -
Plus @f0xh0les - yes getting mortgage neutral is the focus for 2022. I already upped my contributions to by pension fund to create a ring fenced mortgage pot
I think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine2 -
Debt is seductive. Just take the card out of your wallet and remove it from the websites that store it automatically.Out of sight, out of mind, but keep it open for the good impact on your credit check and section 75 benefits - so freezer yes, cut it up no!4/10/22One Year Mortgage Free Yay!
NSTurtle # 55 🐢 🐢 🐢 🐢 🐢 🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 No Turtle gets left behind.[/b]
******PROUD MEMBER OF THE TOFU EATING COALITION OF CHAOS !!!******2 -
Congratulations on completing the work and ditching the debt. Sounds like being mortgage neutral is in touching distance too. Great way to go into 2022 while keeping a small EF.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/251 -
I'm not quite sure how to tackle the EF and the current A/C. Running the account with a higher balance to avoid OD has worked, but also I sense has not been quite as frugal as having a lower balance and putting money in savings.
Well the EF not going to fill up overnight so I'll wait and see what works, and come up with a plan and some targets. Ideally I would like to end next year with an EF and some additional savings - possibly investments, but ideally some regular saving type stuff if any come on the market with good rates
I think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine1 -
There are some I believe you just need a matching current accountAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/250 -
Very well done on clearing all those debts Mark.
I have several regular savers as I have more than one current account, but the interest rates are not good. I find them a useful way to recycle savings and stop me spending/wasting them. Generally 1 per cent is about the best rate I can get but I figure it’s way better than the usual 0.01 per cent most general Bank savings account seem to offer.27/5/17 Mort 64705 BTs 1904031/12/17 Mort 59815 BT 1673007/04/20 Mort 49208 BT 1572128/07/20 Mort 47387 BT 1263414/11/20 Mort 45905 BT 10134 20/05/21 Mort 42335 BT 686811/08/22 Mort 32050 BT 2915Sealed Pot Challenge 16 Number 52 -
@AntoMac - Nationwide Flex regular looks like a no brainer if you have an account with them, or one you can switch?🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her3
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