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!!My time to be mortgage free!!
Comments
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Is it hard to get another role in his industry?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/251 -
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 £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/251 -
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 £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/251 -
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 £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/251
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