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Forgot to say I am looking for a good place to hold my EF. I don't have ISAs so know I should probably start their but need it to be accesable in an emergency. Any thoughts or help on this would be really appreciated
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 swimming1 -
This site has links to best savings account. Your EF is sounding healthier by the minute. We currently have our EF and savings pots together. I try to keep it at around £1K. I do have a diary - feel free to jump in at the end - 'Prosperous soul in the making'. I have redone my plans based on when the 0% are due to expire. We have one this July - the rest are for next April onwards. We will clear the closest one and then put around half what we would have paid into an EF for a bit. We then hope to overpay large lump sums later in the year.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 29/7/250 -
Thanks SH I'm going to come over and have a look 😊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 swimming1
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First Friday Tilly Tidy made for 2.39. I'm going to do this each Friday as long as I stay out of my OD.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 swimming2
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Great progress to go from £161K to 148.7K in 8 months.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 29/7/251 -
Thanks SH. We were lucky with a ppi payment but hoping to take it up a serious gear after boosting the EF.
OH doesn't mind OPs but wouldn't bother if it wasn't for me. He could see the progress made when we got under 150k and I have promised a small celebration for every 10k milestone we hit which will help get him hooked
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 -
We keep our EF in premiun bonds, probably not the best but with the rates as they are, we have got more in 6 months that we would have done in a year in savings. Also readily accessible. I mark off bricks on a picture of our house for each £1k bracket that we go through paying off the mortgage, which reminds me I need to colour in this months!DFW (08/08) £64,346.53 Gone (02/19)
MFW (08/08) £118k Gone (09/23)4 -
Thanks for reading and your comments debtfreeoneday. I may have a look at premium bonds for the EF as rates are so low atm so thank you for that.
I also have a spreadsheet house although tbh it needs some work to make it more house like lol.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 -
We need to renew buildings insurance for our BTL and have done some research, I can save almost 50 on what we have been quoted for renewal and get 63 cash back so 115 found to make an extra OP in the near future.
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 swimming2 -
I am having a similar issue with EF and my season ticket refund fund. I am concerned about anything risky but also want to hedge inflation. I keep looking at N S and I in hope of a new inflation tracking bond. Sorry I don’t have any good suggestions. CM2
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