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2020 - 'Nothing in your life will change until you make the decision to change'
Comments
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That is a stunning list.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/254 -
Well done on the decluttering and eBay listing. You are doing so well 😊.LBM Aug 2017.
Debt at LBM - £30,055
Debt at highest - £43,148.59
Current debt - £18,880.00
EF - £1,000.00
Challenges
PAYDBX 2021 - #29 Pd £2,355 / £8,000 PAYDBX 2020 - Pd £6,459.00 | PAYDBX 2019 - Pd £16,945.60 | PAYDBX 2018 - Pd £15,010.60.3 -
Thank yousavingholmes said:That is a stunning list.
Thank youAdventureWanted said:Well done on the decluttering and eBay listing. You are doing so 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 -
Thank you everyone. Can you imagine the day when there's no longer a declutter list! I can but dream
I need to update my financials too. The big news is that thanks to the payrise and backdated pay, plus the prospect of a very tight month, I have reached my target for the house fund 😁😁😁 I've been stocking up over the last few weeks, my meat order arrived yesterday and so my freezer is crammed, so it doesn't matter that I'm skint for the rest of the month.
I'm so pleased, it's like a weight off my mind just knowing that's done."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 McGee8 -
Great news on the house fund 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 -
Your decluttering is so impressive. Your house must feel so much calmer.
Well done on your house fund.If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them
Emergency fund 3501000
Buffer fund 0/100
Debt Free (again) 25/0720254 -
Thank youbeanielou said:Great news on the house fund
Thank youdoingitanyway said:Your decluttering is so impressive. Your house must feel so much calmer.
Well done on your house fund. There's a long way to go, but it's definitely improving! "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 -
End of month update:
Debts 20201. £8,309/£8,1712. £3,778/£3,7623. £1,872/£1,8604. £4,759/£4,738Car: £1,600/£1,100HMRC: £288/ £0
Mortgage: £112,675/£108,943
Other 'debts' (savings)General emergency Fund - £1,000/ £309 (£691 to go)House emergency fund - £4,000/ £4000 (£0 to go) 😁Mortgage overpayments - £20,000/ £140 (£19,860 to go)Car replacement fund - £3,000/ £125 (£2,875 to go)
'Official' debt of - £20,606/£19,631= £975 paid, 4.73% cleared 👏
Unofficial 'debt' (savings targets) of - £28,000/£23,426= £4574 paid, 16.33% cleared 👏"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 McGee6 -
Excellent news. What a result xJan 18 Joint debts 35,213
Mortgage Jan 18- 77224 May 25- just under 65k
June 25 Debts in my name only £5170. DH can't keep track...5
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