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Aiming for Mortgage Free!
Comments
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Start with a 2 not 3 - fabulous goalAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/250 -
So didn't get the job which is a shame but got some really good feedback and I have a few more final stage interviews this week so not feeling too dejected by it.
Budget reset last week, having a super cheap week on food (eating up lots of batch cooked meals from past few weeks) but made uo for it with spend on beer ready for all the rugby starting at the weekend....way more than the 2 of us can drink so should last for the whole of the 6 Nations haha. Going to be weird watching it without socialising with all our friends and family, its normally a massively busy (and expensive!) time of year for us!
Anyway, have done some good running over Jan but have very much neglected to stretch so have downloaded a yoga app and am going to do it twice a week on the days I don't run as I'm hoping that will help!
Current mortgage (1 Jun 2022): £289,501 - originally £351,999 got to love London sized mortgages!
OP Goal 2022 = 3.75% in OPs: £6,975 / £13,200
Emergency Fund Target: 3 months saved ✅
2 -
Sorry you didn't get the job. Hopefully things will go in your favour next time. Enjoy the rugby.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/251 -
Whats it they say about one door closes and another one opens....well got 2 job offers in the last 2 days! After being down about not getting the other one, this was a surprise. Now just need to pick between them. Money is similar but they are completely different roles and my head hurts trying to decide! Going to have to write some pros and cons lists....wish I could try each for a week before deciding lol.
Been doing well with the yoga and stretching this week which has definitely helped with general aches and pains!Current mortgage (1 Jun 2022): £289,501 - originally £351,999 got to love London sized mortgages!
OP Goal 2022 = 3.75% in OPs: £6,975 / £13,200
Emergency Fund Target: 3 months saved ✅
4 -
So tell each of them that you have got an alternative offer, and whilst their job is the one you would prefer its less money, and ask them could they do anything to sweeten the package (role or responsibilities, but mainly starting salary) - you never get a better opportunity to start on an accelerated (or at least higher paid) careerI think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine3 -
Something I read recently is to remember that everything compunds, and that future % salary increases can add up to a huge difference if you manage to negotiate a bit more right at the beginning.
On the other hand, however, you spend a huge amount of time at work and it can have a massive impact on your life, so I'd also go with your gut on which company you feel would be best to work for xMortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!3 -
Thats well worth thinking about, will have a think on how to word it and see what they both say.mark55man said:So tell each of them that you have got an alternative offer, and whilst their job is the one you would prefer its less money, and ask them could they do anything to sweeten the package (role or responsibilities, but mainly starting salary) - you never get a better opportunity to start on an accelerated (or at least higher paid) career
One role would be a much more interesting and exciting company, but has pitfalls in that its very new and could go wrong. The other is more Steady Eddie company so far less risky. Will see if I can find any reviews online about working for them and do some social media stalking and see what i can find out
Current mortgage (1 Jun 2022): £289,501 - originally £351,999 got to love London sized mortgages!
OP Goal 2022 = 3.75% in OPs: £6,975 / £13,200
Emergency Fund Target: 3 months saved ✅
1 -
Exciting and congratulations whichever you decide!!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/251 -
I like that way of looking at that - without lying about the salary numbers being offered you can say to each that their overall package isn't as good - (eg risk vs security vs potential) and in either case a step up the pay scale would seal the deal.rugbymadfamily said:
Thats well worth thinking about, will have a think on how to word it and see what they both say.mark55man said:So tell each of them that you have got an alternative offer, and whilst their job is the one you would prefer its less money, and ask them could they do anything to sweeten the package (role or responsibilities, but mainly starting salary) - you never get a better opportunity to start on an accelerated (or at least higher paid) career
One role would be a much more interesting and exciting company, but has pitfalls in that its very new and could go wrong. The other is more Steady Eddie company so far less risky. Will see if I can find any reviews online about working for them and do some social media stalking and see what i can find out
At this particular moment, although I am hopeful, I would vote for safety - also depending how robust you are newer companies tend to be more testosterone driven (whether run by men or women) and it depends if you like that. After a dreary year it might be appealing
I think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine2 -
Thanks @mark55man, my heart says the exciting one as it would be one heck of a ride. But my head says the other role makes more sense. Moving jobs in these times is risky and we have a (hefty) mortgage to pay (which given I am the main earner I have to be more thoughtful of) and two cats to feed haha.
Will see what they both say before making a final decision. Never been wanted by two places at same time before hahaCurrent mortgage (1 Jun 2022): £289,501 - originally £351,999 got to love London sized mortgages!
OP Goal 2022 = 3.75% in OPs: £6,975 / £13,200
Emergency Fund Target: 3 months saved ✅
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