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Pips needs a cunning plan....
haggischops
Posts: 5 Forumite
Hello all
Been around here for ages, (2008) and life's been quite tumultuous! Change of user name as lost log in. doh!!
We've been seriously looking at our finances and contemplating what to do to plot an early retirement.
Household consists of one husband (f/t employment), me (f/t employment) one dog (no income), extended household consists oft younglings, both now away from home and largely financially independent.
We've got some debts, we have a pretty nice lifestyle, but are looking to find all the spare pennies we can to keep having a good fun adventure filled.life AND find c£600 (!!!?!?!) or so to overpay the mortgage and retire 10 years earlier.
So I need a cunning plan!
Who's with me?
*Sneaks off to do budget to find out where my money is leaking from*
Been around here for ages, (2008) and life's been quite tumultuous! Change of user name as lost log in. doh!!
We've been seriously looking at our finances and contemplating what to do to plot an early retirement.
Household consists of one husband (f/t employment), me (f/t employment) one dog (no income), extended household consists oft younglings, both now away from home and largely financially independent.
We've got some debts, we have a pretty nice lifestyle, but are looking to find all the spare pennies we can to keep having a good fun adventure filled.life AND find c£600 (!!!?!?!) or so to overpay the mortgage and retire 10 years earlier.
So I need a cunning plan!
Who's with me?
*Sneaks off to do budget to find out where my money is leaking from*
8
Comments
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Pips darling! - so good to see you!
We've been enjoying your exploits on the book of face
xoxox
(hmmm - what i this nonsense of no smilies in signatures??? SIGH)4 YEARS 10 MONTHS DEBT FREE!!! (24 OCT 2016)(With heartfelt thanks to those who have gone before us & their indubitable generosity.)...and now I have a mortgage! (23 AUG 2021)New projection - 14 YEARS 8 MONTHS LEFT OF 20 YEARS (reduced by 16 mths)Psst...I may have started a diary!5 -
Aw you will have seen the latest adventures then! Waves to RT xx4
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Are you back? Yay5
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Lemoontree I am. Need to up my focus. X
Did a wee review of spends last night. Lots on corner store, co-op and garage spending. Not smart.
Also lots spend on eating out/takeaway. So today I've done a food list, done a meal plan (!) And got some treats out so we can picnic today at the beach in the camper rather than have lunch out. Should save £20-30 we don't get many days off together so we often go.out for lunch. This way we can go out for.lunch but not spend. Cunning huh.
Washing is air drying and I need make a shopping list (small) for fruit, we've lots veg and things to make meals.
Looking at swapping broadband.
Didn't use car yesterday but took it out today to pick up prescription and me and haggis had a big walk. I parked.just outside the village and we walked through the park.
No money spent.
Hope the sun stays out!
Happy Saturday I'm off to box up soup for lunches for the freezer.
Unpacking from the last adventure, so much washing. Who knew ski gear took so long to dry. Even if it's kid sized!!!
5 -
I need to get back on the waggon, big time.5
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Best of luck allAchieve 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 29/7/254 -
HA! As soon as I saw that username I flipping well KNEW who this was!!! Flipping EXCELLENT to have you back lovely stripey one!
🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
Balance as at 31/08/25 = £ 95,450.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her4 -
A review of previous expenses is very much a learning curve. Good luck with settling debt and early retirement. How long to go until you're actual retirement age?*Dad loan - £5300 - £7200
*Virgin Credit Card - £3552.50 - £0
*Natwest - £1828.35 -£0.00
Barclaycard - £2315.25 - £0.00
Creation Finance - £960.32 £840
*Total debt - £8040/£11641.17*
Savings
*Savings Buffer - £100/£1500
*Emergency Fund - £1500/£1500
New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/3 -
...and a welcome back from me too! I too have lost my diaries, user name and, in my case, sanity! I shall follow you dearest Pip and cheer you on. Piq xxx4
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Sadly, I love that the old clan are back4
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