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Aiming for Mortgage Free!

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  • savingholmes
    savingholmes Posts: 27,697 Forumite
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    Sounds like you are being much more sensible. People who boast like that often have a massive inferiority complex they are trying to mask
    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
  • remote_control
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    I like your gratitude, I try and do that too when I'm feeling low but need to do it a bit more.

    Our mortgage feels like a slog. We come to the end of a fix next year so I am just biding my time until that happens. We seem to be spending lots of money at the moment. I don't know if it's a post covid thing, clothes, a few days out or meet ups. None of it feels excessive but it all adds up! Kids are expensive too. It's all the activities and things they need for school and school trips so not really avoidable. 

    That was a bit moany! I'll go and write some gratitude now as penance
  • mark55man
    mark55man Posts: 7,948 Forumite
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    there is a lot of meh about at this time of year - especially with the lack of summer pleasures

    I think everyone is feeling it, and the cost of living and general difficulties of life aren't helping

    well done for trying to be cheerful and frugal and grateful - even 1 out 3 out bad at the moment
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • savingholmes
    savingholmes Posts: 27,697 Forumite
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    It will start getting lighter again in about a month... Nearly there. 8 years off your mortgage term is brilliant
    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
  • rugbymadfamily
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    I'm also on the countdown to winter solstice!

     Yeah currently 1 year off the term, but if we make the OPs I've got planned we should knock 8 years off. Those OPs are set relatively low as would rather set them low in future and be able to pay more, rather than the other way round!
    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 ✅
     
  • Cornish_mum
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    Hi I am also feeling it’s all such a grind currently, I think the dark cold weather is definitely a factor, plus the last 18-months have depleted my reserves of good cheer.  Thanks for the idea of being thankful and hope you have a great week CM
  • rugbymadfamily
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    Hi @Cornish_mum agreed the reserves of good cheer are at their lowest levels. Need to find a way to build them back up. Husband also having a difficult time at work so it's a bit of a miserable house at the moment. I've had a think of a few fun and free / low cost things to do:
    - Christmas lights (go see some an put some up...but not until Dec!!)
    - a pint after work, think my husband misses the occasional pint after work as his new colleagues dont seem to do it. Or if they do, then they arent very welcoming to new people!
    - cinema but take our own snacks
    - walks, we were so good at this during lockdowns and doing regular walks but have got out of habit, partially due to my surgery. I still bring these back!
    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 ✅
     
  • savingholmes
    savingholmes Posts: 27,697 Forumite
    Name Dropper First Anniversary Photogenic First Post
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    Hope you find something to cheer you both up soon. I am planning early Xmas lights
    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
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