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Beating Lifestyle Inflation and Staying Mortgage Free!
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Great progress. Hope you have a good weekAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
2) £2.5K Net savings after CCs 14/4/26 (but owed £1.1K) so £3.6K
3) Mortgage neutral by 06/30 (AVC £39.3K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 45.2K of £127.5K target 35.4% 8/5/26 (If took bigger lump sum = 67.1K or 52.6%)
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 £5.4K updated 8/5/263 -
Thanks Saving Holmes.
I need to set myself some targets for this week
1. Think of useful things I can do that will save me money in the future when I am away next weekend and passing a few places, things like - drop off presents and cards to relatives, look for a chinese supermarket, check charity shops
2. Finish using up freezer food, fill with bottles of water as much as possible, hopefully switch it off!
3. sort pension/ investment plan
4. keep up with routine for everything as it helps me get more done and remain pretty healthy!
Save £20,000 in 2025. April 2k, May 3.5k5 -
Have you decided to go back to bnb instead of having a lodger?earthgirl2 said:So a few good money things to report- continuing to empty the 'extra' fridge freezer - hope to switch it off this week
- shopping was £40
- Got a great 0li0 pick up, lots of lovely things
- Put our spare room back on bnb
- booked a weekend of activities for the children next weekend, budget of £100.
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Make sure you add finding joy / creating joy in each day to your list.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
2) £2.5K Net savings after CCs 14/4/26 (but owed £1.1K) so £3.6K
3) Mortgage neutral by 06/30 (AVC £39.3K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 45.2K of £127.5K target 35.4% 8/5/26 (If took bigger lump sum = 67.1K or 52.6%)
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 £5.4K updated 8/5/264 -
Happy target achieving!🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her4 -
Having a "highlight" for each day is on my planner, but you are right I really haven't been diligent with it.I'd love to do lodger instead, but didn't get any interest so I e put room back on Airbnb but for a higher price. We will see!
EH not much target achieving today/ more like fire fighting!!Save £20,000 in 2025. April 2k, May 3.5k6 -
Sometimes firefighting is just as much of an achievement!🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her4 -
So I had a whole week of fighting fires! Just really, really busy.
Various things went well, I did a top up shop but got it delivered with a few stock up items to get free delivery.
I'm taking the kids away this weekend, and it's costing more than I thought as I booked a hotel with a pool rather than a cheaper chain hotel, it seemed a better deal £35 more, we can go swimming twice and that includes a breakfast which I think was going to be about £25 with the chain.
Other activities cost more with peak and off peak prices, sigh. We will have fun though!Save £20,000 in 2025. April 2k, May 3.5k6 -
Yes, fun! Have lots of it!!!! Enjoy the weekend, guilt-free x
NST March lion #8; NSD ; MFW9/3/23 Whoop Whoop!!!5 -
Have a lovely weekend - sounds like a very MSE hotel decision, definitely better value!🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her3
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