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!!My time to be mortgage free!!
Comments
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Happy New YearAchieve 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 -
Happy new year @savingholmes xxPart time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
Just saved a further £ 25
Been an expensive month. Mortgage is late coming out so will Over pay this week xxPart time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
Well done on the savings.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 -
Thank you @savingholmes every little penny helps!!savingholmes said:Well done on the savings.
I don't get paid till mid Jan so I clad this all as Dec savings still.
I would love to be able to pay £50 off our holiday next winter and Bank £50 plus over pay £80 with my remaining pay. But that's a lot to stretch too!Part time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
I over-stretched earlier in the month - so think will end up using EF slightly but never mind.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 -
SOOOO.....
My 2022 financial and me so financial plans
1) have the mortgage under 40k by April.
2) start over paying my pension by at least £75 a month starting April.
3) over pay mortgage by any amount I can as my current 80ish over payment will go to the pension over payment.
4) run a 10k by December.
5) either commit to move or extend the housePart time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe3 -
Arfff
How dare my kids feet grow a size in 4 weeks??
That's us off to clarks for ridiculously expensive shoes thenPart time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
Oh no- I remember the days of rapid growing feet!
Happy New Year.
Have you got a Clarks outlet nearby? They and eBay were my saving grace when we were at that stage.
SEmergency fund 14k Home/ holiday fund 7k Mortgage £44,592- MFW 2022 #35 10,000
- MFW 2023 #3 10358.97
- MFW 2024 #3 10000
- MFW 2025 #3 7682.31/10000
- MFW 2024 #3 10000
- MFW 2023 #3 10358.97
2 - MFW 2022 #35 10,000
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Great plans for 2022
On the kids shoes - did I read that some shoe shops do an offer that their size is correct and will last - and if not they contribute towards next pair? Worth checking...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
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