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£100,000 in 5 years

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So yet another new diary ,hopefully this time I can stick with it ,I don't seem to be very good at updating sadly ..Anyway due to selling several items that we had inherited years ago plus a small amount of money that we had managed to save this year we now have around £100,000 left to pay . we have approx. five and a half years left but just in case we don't manage it and have to sell our house I am rounding it down to five years.
I am hoping to save £1666 each month a big ask in these difficult times and as always completely reliant on my husbands business
«1345

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  • Busy_Mee
    Busy_Mee Posts: 422 Forumite
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    Hello again Try Harder. Great to see you back. Great news about your windfall, that has made quite a difference to your mortgage. Hope you will manage to keep updating as it does helpx
  • try_harder
    try_harder Posts: 1,527 Forumite
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    Thank you Busy Mee I really will try ..Thank you for your support as always
  • savingholmes
    savingholmes Posts: 27,715 Forumite
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    Good luck on your journey
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 235 payments to go - now £182,428 Equity 27.02%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £7.4K on 0% spends card but offset by £34.25K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £10.1K/£127.5K AVC target 8% value at 15/5
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.1K
  • try_harder
    try_harder Posts: 1,527 Forumite
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    Thank you savingholmes
  • longway2go
    longway2go Posts: 1,006 Forumite
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    Good luck. I hope you look back in 5 years and are MF 
    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 swimming
  • try_harder
    try_harder Posts: 1,527 Forumite
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    Thank you longway2go
  • try_harder
    try_harder Posts: 1,527 Forumite
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    Week 1/260 
    £432.42 savings 
    £126.92 float 
    This is a very good start ,my husband has worked very hard over the last seven days ,he is amazing as always
  • Bizzywizard
    Bizzywizard Posts: 225 Forumite
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    Hi Try Harder,
    I have a similar goal to you, 5 year mortgage free (I hope)  but with a £108500 mortgage. Just not sure where to begin. So will be following with interest.
    Bizzy
  • try_harder
    try_harder Posts: 1,527 Forumite
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    Thank you Bizzywizard ,good luck to you too ,we will have to keep each other motivated
  • Busy_Mee
    Busy_Mee Posts: 422 Forumite
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    Great start Try Harder. Great that your husband has still been able to work x
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