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Beating Lifestyle Inflation and Staying Mortgage Free!

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  • South_coast
    South_coast Posts: 5,897 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Oh, and spending £7 on a daily planner that you are using and really feeling the benefit of is not lifestyle inflation! Please don't beat yourself up so much for spending money on yourself every now and again - it's a cliché, but you are worth it!
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • Hope you managed to find a consultant and everything is ok x
  • EssexHebridean
    EssexHebridean Posts: 24,424 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What Rainbow said - hope all is good EG x
    🎉 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
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
  • savingholmes
    savingholmes Posts: 28,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad you are okay and progressing through the lists at least. 

    New products sound interesting.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • earthgirl2
    earthgirl2 Posts: 525 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Thanks!
    I have been to see a couple of doctors including a neurologist in the NhS- fantastic! Although worrying that they think I'm that urgent. Anyway im waiting on a MRI scan. 

    In the meantime, I've cut out alcohol dairy and refined sugar, and I've almost completed a yoga course designed to calm down a frazzled nervous system - just on YouTube. It has been great, I'd like to keep going with yoga. I really think that this and the food changes have worked well. 

    In money news, I'm switching me and one child to the L sim offer- that will save us £12/month.
    Ive cancelled a magazine subscription that ds2 is not as keen on reading now. 

    I've done a big stock up on non perishable items to see if I can save a little when prices start to rise even more (£100 in Lidl). Loo roll, pasta, rice, tea etc. 

    I'm driving my car as economically as I can, and I've sorted lift shares twice a week for kids transport to clubs. 

    We are all loving the hot weather and having a mini holiday at home. Meeting my wild swimming friends later when it's cooler. 

    Airbnb has been profitable with our room rented out at the weekends.

    Kids uniforms sorted (cost about £250 including school shoes for both boys as one moving up to secondary and they seem to have the school logo on quite a few items). We have loads of stationary so they are organising pencil cases themselves. 

    My veg garden was a bit rubbish this year, I've started prep for next year and I'll have to see if I can make it more productive! 

    Save £20,000 in 2025. April 2k, May 3.5k
  • Cheery_Daff
    Cheery_Daff Posts: 17,224 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 11 August 2022 at 2:54PM
    All sounding good there. Glad [EDIT: you're] being seen to quickly, and I hope it turns out to be something straightforward and easy to sort out. Good news on the air bnb room and the self-organising pencil cases too! 😁
  • badmemory
    badmemory Posts: 9,711 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    I really dislike the current school uniform actions.  School uniform used to be about getting all pupils wearing basically the same.  So it didn't matter if you bought from M&S or Aldi et al.  Now it seems to be about stopping people from coming because their parents can't afford designer wear.  So much for levelling up!
  • savingholmes
    savingholmes Posts: 28,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad you have seen a neurologist etc. Good luck with the MRI scan too.

    Glad you have extra £ coming in.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
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