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Building towards a complete life overhaul....might take a while but determined to do it

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  • savingholmes
    savingholmes Posts: 28,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Good to build up an escape fund. I'm starting my freedom fund once we're debt free.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • Exciting news MT! I can see the logic of completing the academic year. Will the last term be slightly less stressful given that GCSE exams have been cancelled?
    paydbx2025 #26 £890/£5000 . Mortgage start £148k June 23 - now £138k.
    2025 savings challenge £0/£2000
    EF £140. Savings 2 £30.00. 17
  • mumblingtaff
    mumblingtaff Posts: 1,826 Forumite
    Sixth Anniversary 1,000 Posts Combo Breaker
    edited 17 January 2021 at 7:51AM
    Exciting news MT! I can see the logic of completing the academic year. Will the last term be slightly less stressful given that GCSE exams have been cancelled?
    I'm not sure - last year wasn't, it fell to me to organise, moderate and submit all GCSE grades for all subjects and all children. I'm not joking when I say that it took months to do - all turned out ok in the end though. It would be my swansong for the kids though so even though its really hard to do it might be a good way to part company :smile:

    Up really early today - out of bed at 5am, and on a Sunday! Both me and the dog in the Wide Awake Club! Although, he's having a snooze again now after a quick walk and his breakfast.....

    I have some school work to do today - I'll set a limit of no more than 3 hours though, it is the weekend and I had a really long week.
    Also want to go for a run with the mutt this morning to blow away the cobwebs. Its actually not raining, frozen or windy so I don't really have an excuse today. Other than that its just pottering around, doing a couple of loads of washing and making something for tea that will have an extra portion for after work tomorrow.
    Will do a bit of preening later too - need to defuzz, face scrub, face mask, nails etc - holding off until next weekend to do the hair dye, my roots are making an appearance yet again and with the hairdressers closed its up to me. But with me only being in work for two days this week and locked up at home the rest of the time I'm not overly motivated to rectify the growing grey stripe.... :wink:


  • mumblingtaff
    mumblingtaff Posts: 1,826 Forumite
    Sixth Anniversary 1,000 Posts Combo Breaker
    Thank you Moneywhizz - I could stay with my parents if I needed to - they'd love it but I think it might give me a nervous breakdown! It would have to be very short term if it came to it!
    I have considered renting for a few months to give me a chance to really find the right house - it's not a forever house, just maybe for the next 5 years or so but I still want it to be home, if you know what I mean.

    Had a productive morning - have been for a 6km run with the dog (he's still quite tired bless him), done the majority of the preening (needed it as I was a very stinky mess after running) and have done about 3 hours school work.
    Have managed to do the big curriculum review task, write a document for the SLT meeting tomorrow, organise a load of work that the heads of departments had all sent me to review, and write and upload all of my lessons to Teams ready for live teaching this week (up to Thursday at least, will see how far I get with this lot before doing more, it seems to take much longer to teach stuff remotely).
    So.....I'm up to date and ready for the week (until tomorrow when I get given more work to do!).

    I'll take the dog for a good walk later but other than that don't really have any plans - I'll be bored in an hour!
  • savingholmes
    savingholmes Posts: 28,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Perhaps you could work on plans for your new business or start reading up on it. 1 page marketing plan is a good book
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • That's great news and will help loads! 
    *Dad loan - £5300 - £7300
    *Virgin Credit Card - £3552.50 - £0
    *Natwest - £1828.35 -£400

    Barclaycard - £2315.25 - £0.00

    Creation Finance - £960.32 £860
    *Total debt - £8560/£11641.17*


    Savings
    *Savings Buffer - £1000/£1500
    *Emergency Fund - £1000/£1500


    New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/
  • Great news on the refund from the Student Loan Company.
    paydbx2025 #26 £890/£5000 . Mortgage start £148k June 23 - now £138k.
    2025 savings challenge £0/£2000
    EF £140. Savings 2 £30.00. 17
  • savingholmes
    savingholmes Posts: 28,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Fantastic news
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
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