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Dipping my orange toes into the water..
Comments
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Wow that's some saving!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 -
Yup I was very pleased! So approx £155 spent on Christmas food, which is not bad I don't think. There were 8 of us, over three days.
Now time to stop the eating!!!! Need to lose a stone, which I am determined to do. Spent all of 2021 dithering and not doing!2 -
Really well done.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 -
Happy New Year one and all!
Christmas tree is down, lights and decorations all the attic. It makes me feel quite calm.
I've decided my word for the year is house.
I don't love my house. It's in a very good location for us. It's lovely and quiet and the space downstairs is great. But I don't love it. I've decided that if we invest more in making the house a home, and less on holidays and eating out, I will love it more. So that is a key goals for this year.3 -
So before goals a 2021 update!!
Starting balance
£329,999
Ending balance
£289,999
Total reduction - £40,000
😀😀😀😀😀😀😀😀😀😀😀😀😀😀
5 -
Wow - just wow - that's phenomenal. It sounds like your word needs to be 'home' rather than house...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 -
Thanks @savingholmes 😀 and you are SO right, word needs to be home!! Thank you!!2
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Brilliant! Amazing progress 😀😀😀!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!2 -
That’s phenomenal progress. I didn’t love our house when we moved here, very stressful buying process sucked all the love out of it for me but as time has gone on and bit by bit we’ve made it our own I’ve slowly fallen back in love with it again.2017 - mortgage of £140,000 and interest rate of £10 a day
Feb 2021 mortgage of £103000
May 2021 mortgage of £100000
July 2021 mortgage of £97000
November 2021 mortgage of £93000
July 2022 mortgage of £84000
December 2022 mortgage of £79000
December 2023 mortgage of £73000
March 2024 mortgage of £70000
May 2024 mortgage of £68000
October 2024 mortgage of £65000
February 2025 mortgage of £63000
March 2025 mortgage of £45000 and interest of £6.07 per day3 -
Thanks @AgathaSquirrel and @SouthCoast
When we bought this, our plan was to be here for 5-10 years. We've been here 6 and a half now and the reality is that my dream house would cost another £750k and it just isn't worth it, even if it were affordable! So new plan is to try and pay this mortgage off as fast as we can and then maybe buy a holiday home or buy to let. Consequently, I want to make changes so I can love or at least really like our home!
Off to buy back to school kit today and ...ultimate excitement look for some new laundry baskets!
Will update later with 2022 goals!2
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