We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
!!My time to be mortgage free!!
Comments
-
Is it hard to get another role in his industry?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 13/9/251 -
Very. We can't get income protection or anything. But he is a total worrier with money . Like petrified of spending 😉savingholmes said:Is it hard to get another role in his industry?
Part time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
Got 65 in my surveys. Nearly at the zero club amountPart time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
It sounds like you are doing well with the savings though.
I don't know what your 65 in surveys meant - is that £s?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 13/9/251 -
Yes!!! It's the most I have ever earned. I was going to use it towards the mortgage but Mr scaredy-cat wants to put it in savings lolllsavingholmes said:It sounds like you are doing well with the savings though.
I don't know what your 65 in surveys meant - is that £s?Part time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
Could you do half and half or does that feel like you both lost?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 13/9/251 -
I think that's exactly what we will do . He busy need to calm a bit then will be OK xsavingholmes said:Could you do half and half or does that feel like you both lost?Part time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
Blooming expensive month. Again. House insurance. Pantos to pay for. A long weekend away TOTALLY WORTH IT with the kids. Hubby flapping like mad at credit card bill.
Thankfully just got child benefit in. And I get paid a week today so as long as I can stretch it out till then he needs to chill 😌
I'm on target for 81 pound off mortgage as well for my zero club xPart time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
It's a reasonable situation to be in if redundancy is looming and roles are hard to come by. I'd certainly want to make sure that I have sufficient in savings if that was a possibility for me. If the worst does happen, does he qualify for redundancy pay? If so and he can get a new job quickly then that could be a boost to the overpayment fund.happymum37 said:
Very. We can't get income protection or anything. But he is a total worrier with money . Like petrified of spending 😉savingholmes said:Is it hard to get another role in his industry?Remember the saying: if it looks too good to be true it almost certainly is.2 -
Good luck with making the money stretch to payday and still meeting your OP target. Glad you had a good time at the pantoAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 13/9/251
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.8K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards