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!!My time to be mortgage free!!
Comments
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Eeek we are now at 30, 200 remaining
We have been very busy paying it off this yearPart time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe2 -
Busy Xmas shopping day today. Needed 75 quid in 2 of the cars. Plus 130 gulp in aldi - we are away with friends this weekend and have bought lots of nice food and lots of alcohol. Plus 140 Christmas shopping.
Aiming to freezer eat for the rest of the month Plus only bare essential fruit milk and veg.
Paid more into savings from shares I sold. Have 34k savings now and 30200 mortgage which is a lovely lovely feeling.
Going to book a summer hol and discuss an over payment with hubby in Feb timePart time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe2 -
Great news on the savings and now being more than mortgage neutralAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 29/7/251 -
Thank you lovelysavingholmes said:Great news on the savings and now being more than mortgage neutralPart time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe1 -
Mortgage neutral is good
I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.1 -
So we have be soooo busy with life.
Mainly overtime has made it so busy. Buuuttt. ...... drum roll please....we have entered 2023 with the mortgage under 30k and less than 6 years to go.
We love a foreign holiday per year and at least 1 British Weekend away. Once they are all paid off in ploughing into this mortgage big time. I know the savings rates are increasing but I'm 40 now. I want this gone before hubby is 50 on 4.5 years timePart time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe2 -
Happy New Year.
Lovely result on the mortgage. How are you getting on with your pension challenge?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 29/7/250 -
Eeeekkkk
Going to do it. Have enough in savings now to pay off the mortgage in full in April. I am really quite nervousPart time worker.
Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe2 -
No need to feel nervous.
Just be happy~~& proud.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.2 -
Serious congratulations. Very exciting position to be in.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 29/7/251
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