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Dipping my orange toes into the water..

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  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yeah - when put monopoly figures into RM I realised the kind of house I'd like was probably over £1M. So I agree we have to find a way to love the homes we have rather than be on the endless escalator of wanting something bigger and better. It's so seductive though. 
    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 29/7/25
  • Orangetoes
    Orangetoes Posts: 361 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Gaaah this month has just been blaah. Went back to work and feel like I've only just surfaced. Have paid zero attention to my money and consequenlty have £50 to last until pay day and no over payment. 

  • Orangetoes
    Orangetoes Posts: 361 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    On the plus side. I've exercised three times this week and saw little bro and his wife today for the first time since the weeding. Roll on February!! 
  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on the exercise. I assume it was wedding not weeding? LOL
    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 29/7/25
  • Orangetoes
    Orangetoes Posts: 361 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Ha ha!! Yup wedding 🤣 
  • Orangetoes
    Orangetoes Posts: 361 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    DH has taken both the DC to football this morning so I have a few hours peace hurrah. Going to strip all the beds, put a load of washing on and put the remaining washing away. 
    I then need to raid the freezer and see what batch cooking I can do. Have been so busy at work which has lead to too many £££s spent on trips to the shops. 
    Need to did out the slow cooker too, need to find some good recipes for it, so I can come home and eat something hot! 
  • Orangetoes
    Orangetoes Posts: 361 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Just realised I never posted the goals for this year! 
    So here they are.

    1. Mortgage
     Reduce mortgage to £259,000, a total reduction of 31k. I'd really like to get to 250 but need to do some home improvements to stop me spending too much on holidays! 

    2.Home improvements 
    A. Finish decorating and furnishing the sitting room
    B.Buy furniture for the hallway
    C. Buy new double bed for the spare room

    3.Health
     Loose 1 stone in weight and exercise at least 2 x per week 
    Walk 10k steps a day

    4. Career
    Apply for a MA in educational leadership
  • powerspowers
    powerspowers Posts: 1,348 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Exciting goals OT! Is the MA alongside work? 
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £2,850/£5,000


  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great goals. Will be cheering you on
    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 29/7/25
  • Orangetoes
    Orangetoes Posts: 361 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Thanks @powerspowers and @savingholmes!
    Love this community. 
    Yes, MA is part time, it would start in September and last two years. Need to apply now though, hoping to put in application this week! 
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