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2020 - 'Nothing in your life will change until you make the decision to change'
Comments
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End of month update:
Debts:
1. £8,153/ £0 😁
2. £3,754/£3,585
3. £1,856/£0 😁
4. £4,726/£4,660
Total: £18,489/£8,245
Car - £1,000/£0 😁
Mortgage - £108,099.83/£101,573.79
Savings:
LISA: £756.25
Premium bonds £500
Emergency fund: £78.20
Cash Buffer: £147
House improvement fund: £10"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee4 -
Decluttering update.
611-613. Nail varnish
614. Storage box
615-621. Tupperware
622. Pack of envelopes
623-627. Trays
628. Monitor box
629. Pen
630-631. Puzzles
632. Connect 4
633. Vintage tin
634. Jars
635-636. Pens
637-638. Hats
639-659. Clothing
660-661. Masks
662-663. Costumes
664-682. Clothing
683. Tablet and case
684. Kindle and case
685-686. Voile curtains
687. Nail varnish
688. Tub of sweets
689-694. BooksDecluttering 2021 totals:Magazines/papers: 740Ebay parcels: 323Other: 694Total: 1757Ebay listings: 300Survey/other earnings:Amazon: £134Paypal/cash: £454.06Other vouchers:£0"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee4 -
Savings are there for a reason - definitely always worth having a 'gifts' pot. I did the same kind of parties when the kids were younger although I did do some stay at home craft or theme type parties too.
Hope you get a good deal on your car insurance.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 £4.8K updated 29/7/253 -
Impressive decluttering list as always.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 £4.8K updated 29/7/253 -
Lack of childrens party stress is always worth the expense.
4 -
Glad all went well
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 -
Yes, I think I'll have to set up a proper gifts pot. Still haven't looked at my car insurance!savingholmes said:Savings are there for a reason - definitely always worth having a 'gifts' pot. I did the same kind of parties when the kids were younger although I did do some stay at home craft or theme type parties too.
Hope you get a good deal on your car insurance.
Thank yousavingholmes said:Impressive decluttering list as always.
Definitely!ladyholly said:Lack of childrens party stress is always worth the expense.
Thank youbeanielou said:Glad all went well "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee3 -
It's all fun here at the moment. Little jwil's year have a big outbreak of Covid. We were asked to get them all pcr tested the other day, luckily little jwil is negative. Yesterday we were told they are closing his year for the rest of the week. So happy homeschooling to me!
Little miss is still in school. I'm quite relieved that they've closed as hopefully it will act as a circuit breaker. He said 12 children and 2 TAs were out yesterday so it really has hit the class badly. I'll keep testing him and hope he stays clear!
I received the refund from the old car insurance so have sent that to the mortgage along with my survey earnings. I'm still PADing at least £1 every day so it's definitely trickling down.
Just packed 6 parcels to go, hurrah! As this last lot of auctions end, I'll start our ebay break for a couple of weeks."Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee3 -
Just do a christmas craft & sing a carol!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 -
Glad your family are testing negative. I agree with beanie - and don't over-stress about home schooling.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 £4.8K updated 29/7/253
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