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Ninety months to pay off mortgage - or as near as dammit!
Comments
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Well done on the run and for getting through Xmas. Hope the first day back at work was okay. Sorry about the boss.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 16/5/261 -
First day back was ok but exhausting. Now on the sofa with my new diet aid - cat gets upset and leaves whenever I open my tin of chocolates so I have tea but no chocolate 🙄😂Mortgage OP 2026 £860/2000Mortgage balance: £31,763
Make £50 a month Jan £20, Feb £0, March £31, Apr £20, May £202 -
I wish my cat did the same!!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.2 -
I was really tempted to get a takeaway this evening but settled for a fried egg sandwich instead 😂 it’s still comfort food and did the trick.
So far the plan for next year is to pay off all debt and to overpay the mortgage by 7k. I am determined to get rid of the mortgage by jul 28 so need to knuckle down.Mortgage OP 2026 £860/2000Mortgage balance: £31,763
Make £50 a month Jan £20, Feb £0, March £31, Apr £20, May £205 -
Mr KK calls those ‘eggy banjos’ - I have NO idea why! 😂
Clear and simple goals - I like it. I think I over complicate things 😉
KKAs 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.2 -
I have never heard of that either KK but I like it!KajiKita said:Mr KK calls those ‘eggy banjos’ - I have NO idea why! 😂
Clear and simple goals - I like it. I think I over complicate things 😉
KK
I have my 24 in 24 list too which is more fun but sometimes lacking in SMART objectives 😂 one I will be tracking on here is decluttering 24 things a week! Looking forward to less in 2024 - less stuff and less debt!
Mortgage OP 2026 £860/2000Mortgage balance: £31,763
Make £50 a month Jan £20, Feb £0, March £31, Apr £20, May £202 -
Still resisting takeaway, I made a lovely chicken and mushroom dish tonight with a yummy sauce, I am not sure that I will make it to the new year without succumbing but I am trying!
Today was tidying, running and shopping, the supermarket was insanely busy.Mortgage OP 2026 £860/2000Mortgage balance: £31,763
Make £50 a month Jan £20, Feb £0, March £31, Apr £20, May £204 -
Every day that you resist is a win! 🥇 🎉👏🥳😊
KKAs 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.2 -
I keep telling myself that I would be stealing from my future self😂😂😂KajiKita said:Every day that you resist is a win! 🥇 🎉👏🥳😊
KKMortgage OP 2026 £860/2000Mortgage balance: £31,763
Make £50 a month Jan £20, Feb £0, March £31, Apr £20, May £202 -
Oooh, awesome one! 👏👏👏👏skint_spice said:
I keep telling myself that I would be stealing from my future self😂😂😂KajiKita said:Every day that you resist is a win! 🥇 🎉👏🥳😊
KK
KKAs 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.2
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