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Ninety months to pay off mortgage - or as near as dammit!
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84 months now - just saying😝Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)1 -
How lovely. That would be a dream come true for me!skint_spice said:84 months now - just saying😝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 -
Awesome
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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*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.2 -
The 84 months is my aim, not what the mortgage currently says... I must work hard to achieve this!Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)1 -
How much extra do you need to find each month to make it a reality - forgive me if you have already said this.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 -
I could do it if I saved and overpaid consistently but I seem to squander money on stupid things. If I overpaid £300 a month and saved £200 this would be possible but then I see pretty things…Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)1 -
How long do you like the pretty things? Could you have a pretty things budget and OP/ save the rest? That way you aren't saying no to what you want just not yet... Or I want freedom moreAchieve 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 -
I think realistically I can’t afford the pretty things if I want to retire at 60 - 84 months is just ahead of this. They will have to come out of my new fun budget or through overtime. I really don’t need them though it’s just convincing myself of this. I have way too many clothes for someone who spends seven days out of fourteen in uniform. Plan is to get selling again and reclaim my space, make some money and make seeing my wardrobe much easier!savingholmes said:How long do you like the pretty things? Could you have a pretty things budget and OP/ save the rest? That way you aren't saying no to what you want just not yet... Or I want freedom moreI am aiming not to buy any new clothes for the first six months of next year.Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)1 -
I find breaking my goal down into chunks works for me. So as I've put on my diary - trying to follow the make £10 a day challenge to see if I can bring in any extra funds. I've been surprised at how easy some of it has been - but know it will get harder as I work through the easiest offers. I'm also amused as my credit report has dropped me 20 points for credit searches but thinks I have no mortgage - even though I filled in a questionnaire that told them about my new mortgage... I was planning to cancel a couple of cards but I have misplaced both of them in the last couple of weeks so will have to wait until I find them again!!!
Are there any easy offers you could take advantage of to bring in some extra dosh?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 29/7/253 -
I used to do that challenge when in DFW but haven’t lately I will get back on it!I did get £56 from t0pca$h back this month but don’t use it as much as I have a discount card (similar to nhs) so it usually works out better than going through from there.
I think I am going to try deferring my spending and if I still want something a week later then I may consider spending from the fun funds.Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)1
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