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A Year in the Life of...
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I'm really enjoying following your journey, it's inspiring me.savingholmes said:Sounds like it is all coming together. Exciting stuff.Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
3 -
It's lovely to have company on the journey. I couldn't believe how quickly FD paid out for the switch though - literally about 3 weeks early!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 -
FD were great when I switched.
I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
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 -
I’m planning a FD switch at some stage which will then probably become my main personal bank account - leaving Nationwide just for regular payments out.🎉 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/her4 -
I prefer FD to Nationwide.EssexHebridean said:I’m planning a FD switch at some stage which will then probably become my main personal bank account - leaving Nationwide just for regular payments out.
My second accont is NW.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
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 -
I was with FD a few years ago (when they had the 8% reg saver). Only switched to get a switching bonus. Could switch back now but because we are hoping to move I don't want to put anything on my credit file at the moment. I know it's a current account but I'd rather my file stay as it is for now.Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
3 -
I was ultra careful before the mortgage too GAP so that's wise. But I think pretty much either on the day of the new mortgage or certainly within a couple of days - I started 2 bank switches - and got 2 CCs. I worked on the basis it would take the credit reports a little while to catch up anyway LOL which has turned out to be true.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 29/7/252 -
I really like my current account at the moment. I have banked with this bank since I was 15, various different accounts. I have a couple of other accounts I could switch but I need to be on top of moving money around each month and I just don't know if I have the patience at the moment. I'll see how I feel (or how skint we are 😆) after we have moved.Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
3 -
I picked up a couple of Christmas bits yesterday. Just got one thing to get when I'm in town tomorrow and that's me done. I've not done any more wrapping since last time I mentioned it so I really need to get my skates on as I have a busy week this week. I finished up work on Friday so at least I've not got that to worry about.
Meeting up with my family for lunch today at Mum & Dad's house, they invited us so they'll either take rolls out of the freezer or buy some. Either way, no cost to me as the fillings will be whatever they have in. We might go for a short drive in the afternoon. We usually take my Mum so that my Dad can have a couple of hours peace. Haha. Not really, he pretends to like the peace but if we're out too long he phones her to see if she's ok.
I had my booster yesterday. My arm is the sorest it has ever been but I feel perfectly fine apart from that so can't really complain.Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
2 -
Your Dad sounds sweet. Enjoy your lunch. Glad you've had your booster.
On the bank account thing - if you apply for one in addition to your existing and don't take any overdraft facility - then it shouldn't affect your credit rating. Swish some money through it - set up a couple of DDs and then when you're ready post move switch it. I did that in July and switched it by end of Nov. That way you can keep your fave account.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
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