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!!My time to be mortgage free!!
Comments
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Yay! 😃happymum37 said:Whooop
Fave day
Zero club joined
43800 mortgage left...app not updated so not sure if its taken any significant term off yet
Can you explain what the zero club is please? I’m guessing it’s when your mortgage is a multiple of 100 but is there more to it?
MFW diary Adventures and Overpayments
Mortgage start: £240,945 Aug 2020
Mortgage now: £230,738
2021 OP total: £605.85 1 month off approx
MFW 2022 #39 £135.68/£12002 -
Well done on the OPAchieve 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 13/9/250 -
Yes!chicker said:
Yay! 😃happymum37 said:Whooop
Fave day
Zero club joined
43800 mortgage left...app not updated so not sure if its taken any significant term off yet
Can you explain what the zero club is please? I’m guessing it’s when your mortgage is a multiple of 100 but is there more to it?
It means when you commit to round your mortgage down at the end of the month to have 00 at the end of it. So my mortgage statement was 43881 after the monthly payment was taken out. I then over paid 81 to get it to 43800!
XxPart time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
Thanks happymum! I love things like that to motivate you when you’re trying to save 😊
MFW diary Adventures and Overpayments
Mortgage start: £240,945 Aug 2020
Mortgage now: £230,738
2021 OP total: £605.85 1 month off approx
MFW 2022 #39 £135.68/£12002 -
We used to repay 435 per month so popped it up to 450 so it had a zero. Couldn't guarantee we could afford 500 so this is the next best way xchicker said:Thanks happymum! I love things like that to motivate you when you’re trying to save 😊Part time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
Transferred 200 into my instant access slush fund.. this isn't counted in our big savings pot . We like to have it at 500 to cover any unplanned things. Nearly there
Paid 50 quid off our holiday next year
25 each child's savings .
Still 500 left of wage pcket. Got hair to get done and a night out or 2 before then next wage packet though.Part time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
Just found out off a brainy mse that my interest is a pound a day. I'm aiming there for to pay off more than the zero club for a while....see if I can make even more of a difference
Part time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe2 -
Good luck with it. Do you still have stuff you can sell to raise funds for OP / pensions?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 have nothing really to sell. I did a huge tidy up in the summer. The designer clothes my parents buy the kids ( ridiculous I know) all get passed on to relatives...Part time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
2 weeks till pay day.
I have my hair to get done, plus pay for a few little bits but am now aiming to end the month with
150 to give towards OH Bank account as its running low
150 to save........Part time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1
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