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A Year in the Life of...
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Oh wow, that’s pretty amazing - debt free by the end of the year! You’d definitely win the secret competition then 😀Debt at LBM (Dec 2018): £23,167
Debt free Feb 20214 -
Wow. That is awesomegirlatplay said:Just thinking, I can have the loan gone in 6 months with the extra salary. Oh.
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Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.4 -
That's great news and then just think what you can save after that*Dad loan - £5300 - £7300
*Virgin Credit Card - £3552.50 - £0
*Natwest - £1828.35 -£400
Barclaycard - £2315.25 - £0.00
Creation Finance - £960.32 £860
*Total debt - £8560/£11641.17*
Savings
*Savings Buffer - £1000/£1500
*Emergency Fund - £1000/£1500
New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/4 -
Definitely sounds like you'll win the secret competition. Are the hours likely to be available for a long enough period?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £3K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.6K updated 6/7/253 -
The hours are for 6 months initially, then they will see what they need after that; either continue on a temp basis (maybe another 6 month term), re-JEGS the two roles and make them one permanent full time role, or look to recruit someone else and I would go back to part time. So much happens in my work, it is constantly evolving, so I'm just going to get this loan paid off and save any excess then see what happens towards the end of September. The good thing is, it is more training and experience for me and by then I should have completed the next stage of my studying so I'll have another qualification under my belt.
There is the risk that they will decide they want to recruit someone else and put me back to part time so this is my opportunity to rid myself of the loan which will free up £130 a month.Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
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Have just read through all of your diary and you are an inspiration. Well done on what you have achieved so far. I am currently WFH and used to struggle to take a lunch break but have put a 30 minute slot in my work calendar for a “well-being walk” to get me out of the house for a bit. It’s much easier now that I have scheduled the time in to my workday and I stick to it.MFW 2022 #71 £4400/£44005
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Just catching up, you're doing so well! Well done with the job, and you're going to beast the secret-not-so-secret competition
So pleased for you and all the progress you've made busting this. 4 -
Glad you have got the hours along. Hopefully it will last long enough to get the debt shifted.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £3K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.6K updated 6/7/253 -
Thank you all 🙂
@Legs21 thank you for stopping by. I've done quite well with the lunch breaks since 1st April. Now that I'm full time I feel like I'm entitled to one (I am) so it's much easier to stop for a break then go back to it.
Today I have transferred over £30 to the loan. Got to keep on it.
I'm having a flare up of my health at the moment. Such bad timing with the new hours. I'm glad I'm WFH or I probably wouldn't make it into the office. I'm so exhausted. Going to leave it another week or so and if it hasn't improved I'll need to contact my GP for a hospital referral. I'm only mentioning this here because if I say anything IRL I'll have the whole family pressuring me to call now and I'm not ready. In order to "fix" the flare they have to do some horrible stuff to me and I have to mentally prepare myself for that.
Anyway, sig updated 😀Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
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I was wondering how the new hours might work with your health, such bad timing to have a flare now though 😭 I hope it gets better soon 🤞Debt at LBM (Dec 2018): £23,167
Debt free Feb 20214
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