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Ninety months to pay off mortgage - or as near as dammit!
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Also sending π€π€π€πππ too.
KKAs at 15.08.25:
- When bought house Β£315,995 mortgage debt and end date at start = October 2039 - now Β£232,244
- OPs to mortgage = Β£12,148Β Interest saved Β£5,738 to date
Fixed rate 3.85% ends October 2030
Read 50 books of target 52 in 2025, as @ 13th September
Produce tracker: Β£385 of Β£300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.ΒWatch your actions, they become your reality.Β2 -
All the best. Hope this week is better.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 Β£202K now Β£172.5K Equity 36.11%
2) Β£1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC Β£26.8K + Lump Sums DB Β£4.6K + (25% of SIPP 1.2K) = 32.6/Β£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
4) FI Age 60 income target Β£17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
(If bigger lump sum Β£15.8/30K 52.67%)
5) SIPP Β£4.8K updated 13/9/252 -
Thanks SH, it has been better so farβ¦.
Just trying to find my way around the new forum this evening, seems ok so far.Mortgage OP 2025 Β£6750/7000Mortgage OP 2024 Β£7700/7000
Mortgage balance: Β£35,463
Declutter 16/244
Money making challenge Β£58/400
βDo what others wonβt early in life so you can do what others canβt later in lifeβ (stolen from Gally Girl)2 -
Ok so I have just activated the cc, hopefully the transfer will go through today, I will pay the remaining off when it happens.
Got the agency job so there will be lots of online training heading my wayπ« good news on job but I know itβs going to be a pain getting started, also have training to do for main job so busy, busy, busyβ¦Mortgage OP 2025 Β£6750/7000Mortgage OP 2024 Β£7700/7000
Mortgage balance: Β£35,463
Declutter 16/244
Money making challenge Β£58/400
βDo what others wonβt early in life so you can do what others canβt later in lifeβ (stolen from Gally Girl)2 -
Busy is good as you can't spend moneyΒ
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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.3 -
Very true πππbeanielou said:Busy is good as you can't spend moneyΒMortgage OP 2025 Β£6750/7000Mortgage OP 2024 Β£7700/7000
Mortgage balance: Β£35,463
Declutter 16/244
Money making challenge Β£58/400
βDo what others wonβt early in life so you can do what others canβt later in lifeβ (stolen from Gally Girl)1 -
Got out with DS for a quick lunch and catch up but apart from that itβs been an online training frenzyπ±Chilling now with the sewing bee before an early night as working the weekend.Mortgage OP 2025 Β£6750/7000Mortgage OP 2024 Β£7700/7000
Mortgage balance: Β£35,463
Declutter 16/244
Money making challenge Β£58/400
βDo what others wonβt early in life so you can do what others canβt later in lifeβ (stolen from Gally Girl)2 -
Congrats on the agency work. Presumably this is to speed your escape plan... ?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 Β£202K now Β£172.5K Equity 36.11%
2) Β£1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC Β£26.8K + Lump Sums DB Β£4.6K + (25% of SIPP 1.2K) = 32.6/Β£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
4) FI Age 60 income target Β£17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
(If bigger lump sum Β£15.8/30K 52.67%)
5) SIPP Β£4.8K updated 13/9/252 -
My plan is to get rid of the mortgage asap (five year ish) and then just rely on my private pension and take agency work when it suits me.Βsavingholmes said:Congrats on the agency work. Presumably this is to speed your escape plan... ?Mortgage OP 2025 Β£6750/7000Mortgage OP 2024 Β£7700/7000
Mortgage balance: Β£35,463
Declutter 16/244
Money making challenge Β£58/400
βDo what others wonβt early in life so you can do what others canβt later in lifeβ (stolen from Gally Girl)2 -
Well done for staying on plan.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 Β£202K now Β£172.5K Equity 36.11%
2) Β£1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC Β£26.8K + Lump Sums DB Β£4.6K + (25% of SIPP 1.2K) = 32.6/Β£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
4) FI Age 60 income target Β£17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
(If bigger lump sum Β£15.8/30K 52.67%)
5) SIPP Β£4.8K updated 13/9/251
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