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Ninety months to pay off mortgage - or as near as dammit!

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Comments

  • savingholmes
    savingholmes Posts: 29,200 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 20 December 2023 at 9:20PM
    I don’t have a cat flap SH, so I get to spend lots of time in the garden calling my cat…

    I did most of the things I planned for today, I haven’t delivered the cards yet and I need to wrap a present for a friend who I am meeting tomorrow evening but feel much more organised. Also used some points towards my shopping today which had bits of DS’s GF pressie so that was a bonus.
    I don't have a cat flap but work mainly from home so it's more that the cat taps on the window or door or miaows loudly to get my attention for me to then act as doorman.

    Nice when you can use points. I used some of the cash from the fridge freezer sale towards art supplies which was nice today and a gift voucher towards fancier food yesterday. Nice feeling.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.1K Net savings after CCs 14/5/26 (but owed £1.3K) so £3.4K
    3) Mortgage neutral by 06/30 (AVC £41.6K + Lump Sums DB £4.6K + (25% of SIPP 1.4K) = 47.6K of £127.5K target 37.33% 16/5/26 (If took bigger lump sum = 69.5K or 54.5%)
    4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
    5) SIPP £5.6K updated 16/5/26
  • skint_spice
    skint_spice Posts: 13,747 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Present wrapped and I found lovely cards I bought earlier in the year for buttons when paperch@$e was closing down🎉

    My cat makes herself heard too SH🎉
    Mortgage OP 2026 £860/2000
    Mortgage balance: £31,763

    Make £50 a month Jan £20, Feb £0, March £31, Apr £20, May £20


  • skint_spice
    skint_spice Posts: 13,747 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I’m off now until after Christmas 🎉 still have a few bits and bobs to do but most people seem less organised this year. Plan is to get them sorted tomorrow then just chill…
    Mortgage OP 2026 £860/2000
    Mortgage balance: £31,763

    Make £50 a month Jan £20, Feb £0, March £31, Apr £20, May £20


  • skint_spice
    skint_spice Posts: 13,747 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Got up for parkrun but it’s blowing a gale and pouring, also still quite dark so not today😂

    Today I shall finish shopping and wrap all presents. Then tomorrow I’ll rest. Friend is popping over this afternoon to do present swap so I must check theirs are all wrapped.
    Mortgage OP 2026 £860/2000
    Mortgage balance: £31,763

    Make £50 a month Jan £20, Feb £0, March £31, Apr £20, May £20


  • KajiKita
    KajiKita Posts: 10,115 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    How’s the new job working out? You don’t mention it much so I hope it’s going better than your old one ….

    KK
    As at 17.04.26:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £216,847
    - OPs to mortgage = £18,925 Estd. interest saved = £9,670 to date
    c. 16 months reduction in term
    Fixed rate 3.85% ends October 2030

    Read 32 books of target 52 in 2026 as @ 17th May. 
    Produce tracker: £119 of £400 in 2026

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • skint_spice
    skint_spice Posts: 13,747 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    KajiKita said:
    How’s the new job working out? You don’t mention it much so I hope it’s going better than your old one ….

    KK
    It’s ok thanks, some good days some not so good. It’s been a good week though and I have managed to get out on a couple of trips. Lots of people leaving so short staffed like everywhere in social care really and manager alternating between lovely and demonic so the jury is still out! The residents are mainly lovely and it’s been great learning all their stories, some interesting lives have been led. My team are great but we tend to only be in together a couple of times a week.
    Mortgage OP 2026 £860/2000
    Mortgage balance: £31,763

    Make £50 a month Jan £20, Feb £0, March £31, Apr £20, May £20


  • KajiKita
    KajiKita Posts: 10,115 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    It’s ok thanks, some good days some not so good. It’s been a good week though and I have managed to get out on a couple of trips. Lots of people leaving so short staffed like everywhere in social care really and manager alternating between lovely and demonic so the jury is still out! The residents are mainly lovely and it’s been great learning all their stories, some interesting lives have been led. My team are great but we tend to only be in together a couple of times a week.
    Hmmm … sounds like something of a curate’s egg …. 

    Enjoy your break. 

    KK
    As at 17.04.26:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £216,847
    - OPs to mortgage = £18,925 Estd. interest saved = £9,670 to date
    c. 16 months reduction in term
    Fixed rate 3.85% ends October 2030

    Read 32 books of target 52 in 2026 as @ 17th May. 
    Produce tracker: £119 of £400 in 2026

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • skint_spice
    skint_spice Posts: 13,747 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks KK, hope you have a great break too.
    Mortgage OP 2026 £860/2000
    Mortgage balance: £31,763

    Make £50 a month Jan £20, Feb £0, March £31, Apr £20, May £20


  • Not really the best of mornings for parkrun today.
    MFW 2024 £27500/7500 Mortgage £129,500 Jan 22 Final payment June 38 Now £68489.08 FP May 36 Emergency Fund £20,000 100% Added to ISA 24 £8,060 Save 12k in 24 #31 £20,034.76/20,000 Debt Free 31.07.14
  • beanielou
    beanielou Posts: 99,708 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Glad you sverved park run. 
    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*** in ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger.
    One debt remaining. Home improvement loan. 19months left.
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