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

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  • savingholmes
    savingholmes Posts: 27,852 Forumite
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    That sounds like a good plan.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 234 payments to go - now £181,773 Equity 27.3%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £7.7K on 0% spends card but offset by £34.3K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £111.3K/£127.5K AVC target 8.97% value at 15/7//24
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.3K at 12/7/24
  • tinkerbel
    tinkerbel Posts: 1,795 Forumite
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    Are there any easy offers you could take advantage of to bring in some extra dosh? 
    Long time lurker here! I don't think you're allowed referral codes on the forum (not sure about by PM?) but I have some easy offers you can sign up for if anyone is interested drop me a message!
  • skint_spice
    skint_spice Posts: 12,822 Forumite
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    So with all the updated guidance I have had to reluctantly cancel a night out - too many folk, in the city etc... but on the upside this means I can add the money to my fun account to have fun at a later date.
    Mortgage End Date: Apr 36/Aiming for Aug 28/Current Mar 35

    Mortgage OP 2024 £4050/7000

    Mortgage balance: £49972

    Make £100 extra a month: July £12 Boiler £376/2000

    46 pay days until freedom!
  • savingholmes
    savingholmes Posts: 27,852 Forumite
    Name Dropper First Anniversary Photogenic First Post
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    Good to find the silver lining... 
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 234 payments to go - now £181,773 Equity 27.3%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £7.7K on 0% spends card but offset by £34.3K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £111.3K/£127.5K AVC target 8.97% value at 15/7//24
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.3K at 12/7/24
  • skint_spice
    skint_spice Posts: 12,822 Forumite
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    Now the Christmas mayhem is subsiding I feel much calmer. Got some money for Christmas and put it in the “fun” account for future adventures also got a gift voucher which I will put towards a rug for the living room when I decorate.

    I have no notion to buy any bargains, I hope this keeps up!
    Mortgage End Date: Apr 36/Aiming for Aug 28/Current Mar 35

    Mortgage OP 2024 £4050/7000

    Mortgage balance: £49972

    Make £100 extra a month: July £12 Boiler £376/2000

    46 pay days until freedom!
  • savingholmes
    savingholmes Posts: 27,852 Forumite
    Name Dropper First Anniversary Photogenic First Post
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    Hope you had a lovely Xmas. Fun £ pot for adventures sounds good. Anything in particular you are hoping for?
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 234 payments to go - now £181,773 Equity 27.3%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £7.7K on 0% spends card but offset by £34.3K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £111.3K/£127.5K AVC target 8.97% value at 15/7//24
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.3K at 12/7/24
  • skint_spice
    skint_spice Posts: 12,822 Forumite
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    A paddle board or a kayak, I like to be by water. The fund is also there to cover holidays etc but I think next year is going to be another one staying in Scotland. Luckily I am quite fond of the place😎
    Mortgage End Date: Apr 36/Aiming for Aug 28/Current Mar 35

    Mortgage OP 2024 £4050/7000

    Mortgage balance: £49972

    Make £100 extra a month: July £12 Boiler £376/2000

    46 pay days until freedom!
  • savingholmes
    savingholmes Posts: 27,852 Forumite
    Name Dropper First Anniversary Photogenic First Post
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    I like the idea of trying a paddle board. Need to lose a lot of weight first though. 

    Scotland country/seaside is beautiful.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 234 payments to go - now £181,773 Equity 27.3%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £7.7K on 0% spends card but offset by £34.3K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £111.3K/£127.5K AVC target 8.97% value at 15/7//24
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.3K at 12/7/24
  • skint_spice
    skint_spice Posts: 12,822 Forumite
    Name Dropper First Post Photogenic First Anniversary
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    I like the idea of trying a paddle board. Need to lose a lot of weight first though. 

    Scotland country/seaside is beautiful.

    I have had a go at both just in case I was rubbish, no need to diet for paddle boarding just book a wee lesson - go on.

    It is lovely, even though I live in the coast I still feel good whenever I walk by the beach.
    Mortgage End Date: Apr 36/Aiming for Aug 28/Current Mar 35

    Mortgage OP 2024 £4050/7000

    Mortgage balance: £49972

    Make £100 extra a month: July £12 Boiler £376/2000

    46 pay days until freedom!
  • savingholmes
    savingholmes Posts: 27,852 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Options
    I love the seaside. There is a paddle boarding place at a lake within a short drive for me - so I could put that on the bucket list. I would like to lose weight first though...
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 234 payments to go - now £181,773 Equity 27.3%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £7.7K on 0% spends card but offset by £34.3K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £111.3K/£127.5K AVC target 8.97% value at 15/7//24
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.3K at 12/7/24
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