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Building towards a complete life overhaul....might take a while but determined to do it
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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 6/7/253 -
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. 174 -
Honeysucklelou2 said: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?
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....
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Sounds like you have made your decision and feel good about it. In the current situation, with not being able to go and view houses, it definitely seems like the best thing to do. Would there be room for you to stay at your parents if the right house doesn't come up for you before you move? Or would you be able to rent somewhere, so the you don't have to rush into buying something that may not be exactly what you want. It is difficult to. buy and sell at the same time, especially when you are so far away from the area. 6 months will fly in, just make sure you don't work yourself into the ground in the meantime!5
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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!3 -
Perhaps you could work on plans for your new business or start reading up on it. 1 page marketing plan is a good bookAchieve 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 6/7/253 -
So, another week that's a bit like Groundhog Day - in school on Monday, working from home Tuesday, SOS call from the boss on Weds to help him with something so a morning in school then home to teach, then in school again today and home tomorrow.
No big dramas though - just another normal week in lock down.
Some good news though - I got a letter from the Student Loans Company saying I'd overpaid and was due a refund. Was a bit sceptical as its been paid off for years (from when I retrained as a teacher), but I checked out the phone number, initially deliberately gave the wrong password etc to check that it was kosher and then spoke to a man that promptly informed me that I was due £1550!
A welcome windfall - will be happy once it gets to me and won't count my chickens until it does but that's a good chunk added to the escape fund. It should arrive within 4-6 days and its 3 days now so, fingers crossed, its any day now. Would be good to pay off the little balances on the interest free CC and the Next account and then still have £1000 or so to put into savings. We'll see....when it arrives I'll decide.
Other than that, nothing much to report other than work is ok, parents seem ok and I'm sticking to budgets so far!6 -
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/3 -
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. 173 -
Fantastic newsAchieve 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 6/7/253
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