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Good luck with the car. Brilliant time to be MFAchieve 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 29/7/252 -
Been a relatively straightforward non spendy few weeks. Payday is looming and apart from the necessary car parts ordered and now delivered we are in reasonable shape. Payday this week and I still have a small cash surplus (that was withdrawn for spends £200) which will carry through into next month. It will provide a buffer for next month as I won’t withdraw quite as much. Commuting costs in second car were pretty much spot on, I’ve enough fuel for the remainder of the week. Aiming to pay £300 to my SIPP this week or EF......if I’m cautious I may well get a split of £500 between both this month. NSD today so far, utilising my freezer stock. Looking forward to the weekend as I have a long weekend. Gym session Monday, suffering from some mild tennis elbow at the moment, it comes and goes , so will be more cardio than weights next week.
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Hope you recover quickly.
Investment and savings mix sounds good. It's impossible to know for sure right now.Achieve 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 29/7/251 -
So first gym session in a while (I used to be so good and focussed) hopefully I can get in the groove during the long dark winter months! Trying to catch up with diary posts and my own. Had a good few days of sunshine over this week, mixed between working and Sunday off. My joints in my arms are improving, think some inflammation but is on the mend. Seem to have managed our budgeting quite well this month, however surplus went into pension contributions which meant EF remains static. I want to try and balance both now we are mortgage free, but we are spending more on activities which we said we would do. Planning some more short breaks for next year with places on our UK bucket list. More to see and do in Scotland too.3
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where do u fancy UK ? and where do u fancy in Scotland ?1
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We have on our radar for next year, Channel Islands (probably Jersey), Exeter area (childhood holidays). My partner hasn’t seen a great deal of Scotland, so we’re thinking Glencoe, Highlands. Did some West coast last year, balloch etc. As you know we love Perth, Callander, Pitlochry, so more days out, weekend overnighters there. As always your lovely scenic photographs get me inspired!3
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That sounds like a great year of adventures, if you get the chance go to Bath as well, it's beautiful 😉
I love up at lochinver , Aviemore etc as well ...
never done Jersey but did Islenof white and man years ago ( when I was young) and loved them.1 -
Enjoy adventuring. Glad you've had some time out. Berwick is beautiful - we were up there a few years ago for a visit.Achieve 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 29/7/251 -
Quiet day today, children back to school so all systems go this morning. Managed to sell some car parts over the weekend, so £100 will go towards diesel costs this month. Family looking forward to Halloween, pumpkin carving duties this weekend. Focusing on getting the credit card paid off so money going towards that next month and throughout 2022. I want to have a clean slate on the debt front by 2027 so getting on it now. Been quite organised at buying Xmas presents this month, now where to hide them......3
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How much debt do you have left to clear?Achieve 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 29/7/252
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