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Dipping my orange toes into the water..
Comments
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Total needed to reach this year's finance goal- £17,222.65
Achieved two goals-Applied and been accepted on MABought bed for spare room
Weight loss not so much. Will try again next week!1 -
Congratulations. Sounds like things are going well overall.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 -
Thanks with such a big mortgage it can feel a bit never ending but being under 275 is in sight which is a big mile stone!1
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And just like that it is holiday time! Some good news too, small promotion and a £4,000 pay rise. Non pensionable but it all helps!1
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Mortgage news...we are under £275k!!
Current total £273,307.99
Starting balance this year - £289,999
Total reduction: £16,691.01
Managing £500 overpay a month, and interest per month is finally under £400, so we are now paying off the interest and a bit more each month. Hurrah.
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Total needed to reach this year's goal £14, 307.99
Still a challenging goal...but you have to reach for the stars right?!!
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Great progress. Fab pay rise tooAchieve 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 I appreciate the support.
Trying to keep the summer holiday costs down by making packed lunches everyday, so off to do that now and put the first load of washing on. Such beautiful weather!1 -
Well done - all those little steps make a big difference.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 -
So back from a lovely holiday in Cornwall. Cooked a lot so not too spendy either.
Arrived home for a smear test invite (ugh!) and a happier letter telling me I had paid too much tax. Hurrah! Now to decide what to do with the few hundred pounds... May split overpayment with a treat..1
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