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Powers’s mortgage free thread

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  • So transferred £50 out of the holiday pot to me and £100 out of the house pot to the joint as that had stood the cost of the roof!!

    we’ve stocked up on meat which will last us months in the freezer, all from local butcher and we got them to hold back on the plastic trays 🙂

    Other minor money saving, I’ve cut our printer subscription by £1, it’s now 99p a month. I do believe the printer has become self aware as it’s changed it’s name to Ian on the network 😂 

    just pottering about today before back to work (from home) tomorrow 
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £2,850/£5,000


  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Gotta love a self aware printer. Love the photo and the recouping of £ from various pots.
    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 29/7/25
  • Quick pay day shuffle 
    £50 OP- I’d offered this to OH for fuel when we went to the lakes but he said to OP instead 

    £150 to savings- I’ve started a new pot called “other” and allocated £100 to it - hoping that can cover random purchases, clothes etc that normally mess up my spends. I’d prefer a bit of flexibility rather than multitudes of pots. The other £50 has gone into the house pot. 

    I’m overdue an update but that’s enough for now😃
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £2,850/£5,000


  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on the OP and having a stress free dipping pot
    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 29/7/25
  • Well done on the OP and having a stress free dipping pot
    Yes hopefully it will help!

    A bit of a boring weekend, T has got covid. I didn’t when I tested on Friday and I feel fine but I’m hanging round at home too. Luckily the weather is on our side so I’ve been pottering in the garden. Need to finish our wedding photo book and maybe do some baking today. 
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £2,850/£5,000


  • powerspowers
    powerspowers Posts: 1,348 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    OP £625 for March. Our regular repayment has been reduced by £25 so I’ve added it to the overpayment. Remedying it means phoning them which I am putting off. Our fix is up in July for the first part of the mortgage, we can fix again in a month I think. Fingers crossed rates aren’t too stupid by then! 
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £2,850/£5,000


  • kaycastle
    kaycastle Posts: 419 Forumite
    Seventh Anniversary 100 Posts Name Dropper Photogenic
    I finally got out for some gardening pottering too - while wearing the baby of course! What garden bits did you do? I sowed some veg - we've had a lot of storm damage that we need to sort out still

    Fingers crossed on rates - I'm still fixed until 2024 thankfully
    Mortgage start: April 2024 - 295k  Current £256k
    Emergency fund: 13.5k/15k 
    Current mortgage free year: 2054 2039
    Mortgage free diary: Snug & Sorted: Our Race to Mortgage Freedom
    The little joy list
    Books read: 41 (2024) | 12 (2025)

  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on OP
     
    Hope you are both covid free soon.

    Good luck with the fix
    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 29/7/25
  • powerspowers
    powerspowers Posts: 1,348 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    I’ve put some veg seeds under glass. We’ve cleared an area for a veg patch but need some topsoil to fill it. The old owners had 2 compost bins and a heap around them so I’ve been digging about in that to try and sort it out, some is good and gone back in the bin, some is practically turning into rock so I’ve barrowed that into the hole- saved going to the gym 😂 
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £2,850/£5,000


  • powerspowers
    powerspowers Posts: 1,348 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Well done on OP
     
    Hope you are both covid free soon.

    Good luck with the fix
    Everyone testing negative now! Boys back at school but T and I being cautious  for a few more days. Hopefully I don’t get it! 
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £2,850/£5,000


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