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1 brick at a time
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Got to admit that I never really cared about pensions and still don't really! 🙈 I've always been extremely mistrustful of them (this is absolutely not advice, just my viewpoint! 😉) having lived through all the pension scandals etc plus I've always been pretty convinced that with my lifestyle and beliefs, I'm unlikely to live long enough to really benefit from one for long - I've joined one this year as I forgot to send in the opt-out paperwork but I'm looking at it more as a short term savings plan and additional life insurance while I'm working! Dh is less sceptical than I am and has been paying into his for a few years - which is great for him as it gives him a reassurance that he needs. My sister paid into hers for decades and retired early on a very nice income and substantial lump sum. The point I'm trying to make is that you should do what is important to you - for me it was mortgage freedom asap, for my sister it was retiring early and guaranteed future financial security and for dh it's a combo of the two 😉 It's good that you're thinking about it now so that you can make a difference to whichever path you go down 😊
Hope the babies are well!4 -
I agree with the others, it is about balance (and I have not found it either!)
I can tell you that it feels really really good to see the investment value grow. Please don't feel gutted, you can only change things going forward. You're doing brilliantly.3 -
Ahhh thank you everyone for your messages :-).
Haven't had much thinking space today with the boys and a family visit which was lovely. Have managed 2 days worth of homeschooling so we can keep tomorrow free.
I think setting up a Lisa is my first target so will do some research on the next week and get one set up. (I'm writing it as I'm more likely to stick to it then haha).
The boys are both well thank you. I have a very excited 4 year old who's birthday is on Sunday. So tomorrow we are taking him to a safari park as a treat and then we have family coming over on his birthday. This week I will be making his cake, I have always said I want to make my children's cakes and although they are far from perfect they are homemade and getting better each year, maybe when they are 18 it will be OK lol
Hope you are all well.Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming5 -
Maybe another way to think is that you're working towards being mortgage neutral?
You're pension is then "offsetting" the mortgage, similar to OPs.
If it's not adding up, compound it!2 -
A safari sounds lovely. I've not been to one since the kids were small.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 -
Grogged, I think that mindset will really help me actually so thank you for that.
Well we had the best day and have 2 very happy and tired little boys. I did feel nervous at times but I think that is normal in these times. We took our own food and drinks so that was money saving. The boys had a treat from the shop but are getting a bit of money towards that from family and I think it was well deserved.
Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming4 -
I'm not quite sure where my day has gone tbh, did a few bits for cake preparation, ordered food shopping and played with the boys.
In money news I paid some survey and rounding money over (8.69), so moving swiftly toward my survey target:
38.42/45
Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming3 -
Cake sounds promising. Not had any since MayAchieve 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 -
Well yesterday was spent making a cake but I'm really pleased with the result and think it will be worth it. Today I need to get on top of the housework and washing while entertaining the smalls and not miss my amazon delivery. I am praying my sons birthday card arrives in the post today or I will need OH to pick one up.
In money news my balance is now 146,630.27 and I'm wondering if I can push survey money to clear the 30.27 this month...whondoesnt like a round figure.
Have a good day and remember we are all one day closer to waving goodbye to those mortgages.
Onwards and downwards we goMortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming5 -
Had a lovely day yesterday celebrating my sons birthday and he liked the cake
Today we have been on a nice walk and I have made a tiny payment to the mortgage of 6.36 (5.38 survey money).
43.80/45 target. Slow news day for finance lolMortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming5
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