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Great news on your home insurance. I also reduced my costs this weekend.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 -
Hi Cornish mum thanks for stopping by. Yes unfortunately not much about atm, if I'm honest it's really the first time we have had enough money to have to consider a suitable home for it.
Hi SH, great news, got to love a bargain. I have found your diary as you will have seen and will give it a read when I have finished SSS one. I like to read from start to finish if I can.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 swimming0 -
A tilly tidy of 5.37 paid to the mortgage today.
Spending this month has been quite high, we needed quite a big grocery shop after pay day but hopefully now will be smaller top ups until month end. Hubby has been doing decorating which has added up. I'm so pleased with the results though so it's worth it and he is making the most of the time he has which I am greatful for and not complaining.
I decided to split the value of my mortgage down into rooms/spaces in the house so that I can work towards owning one room at a time. The first on my list is my living room which I will 'own' when my mortgage balance hits 144k. It is the room that has been decorated and when we 'own' it have decided to get new carpet and blinds to celebrate which are much needed and a lovely treat.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 -
Sounds lovely. What colours are you going with?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 are going for greys it will be so nice to see it all done.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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Love the idea of splitting mortgage into rooms, a nice way to be able to track how much you actually 'own' and a great motivator. Just tried to work it out for mine but unfortunately given my tiny house my rooms seem extortionately expensive!MFW 2020 #139 £781/ £30003
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Hiya!
What counts as a room? Like, does the the hallway? Asking because I might steal the idea.
Loving that you are decorating, I love greys in a room. My carpets, skirting boards and doors are contrasting greys so loving the fantasy. What furniture do you have with it?1 -
I worked out rooms/areas as:
Living room
Kitchen
Conservatory
Bathroom
Bedroom 1
Bedroom 2
Bedroom 3
Porch and landing
Drive and garage
Back Garden
I definitely more excited by some rooms than others but figure by the time I'm down to the least exciting onesy mortgage balance as a whole will be a smaller goal do easier to focus on.
We have a brown sofa with grey scatter cushions and black cabinets.
Killer peaty, how dark is your carpet? I want a grey but worried it could make the room shrink a bit.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 -
22.43 paid to the mortgage today which was made up of a voucher I used from shopping and a rounded up payment for shopping.
I think amounts like this will really start to add up. This one has saved me 14 in interest and got me that bit closer to my target.
30.19 TT made so far this month.
Onwards and downwardsMortgage 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 -
Ooh, which is your most exciting room?
My carpet is sort of mid grey but it is speckled to avoid showing any biscuit crumbs. I don't find that it makes the rooms look small but the walls are a light colour (magnolia).
Well done on your overpayment!3
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