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New life - debt free
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You're doing brilliantly @CCW007!! 🙌 I'm aiming for debt neutrality too - no dates on mine thankfully but planning on having a really frugal year so that I can hit target as soon as possible 😉
I'll be cheering you on! 😊DNF: £708.92/£1000
JSF: £708.58/£1000
Winter season grocery budget: £600.85/£900
Weight loss challenge 2024: 11/24lbs
1st quarter start:9st 13.1lb
2nd quarter start:9st 9.2 lb
3rd quarter start: 9st 6.8 lb
4th quarter start: 9st 10.2 lb
End weight: 8st 13lb
'It's the small compromises you keep making over time that start to add up and get you to a place you don't want to be'2 -
Thanks @leftatthetrafficlights - we can cheer each other on!
Once I'm debt neutral, the next target will be to become debt neutral without taking into account my S&S ISA (currently £5,100) as that is part of my retirement fund but I have included it in my calculations for "liquidity" purposes.
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Well done on the progress so far. Great that your OH sold a car to help clear some of the debt. You are going into 2022 in a much stronger position.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/251 -
Not going to make debt neutral this month - OH needed to buy some expensive parts for his car and various other unexpected expenses have come up so now aiming for debt neutral by end of February and true debt neutral by end of May.
Freezers are full, we have heating oil on order, all major bills are paid so hopefully we can hit target next month!0 -
Why is it always when we're close to hitting a target that unexpected expenses come to bite us??!!! 🙈😔 Glad that you have all the major stuff paid and your oil ordered (prices of that are horrendous at the moment!! 😲) hopefully you'll hit the February target as you've got all that sorted! 😊DNF: £708.92/£1000
JSF: £708.58/£1000
Winter season grocery budget: £600.85/£900
Weight loss challenge 2024: 11/24lbs
1st quarter start:9st 13.1lb
2nd quarter start:9st 9.2 lb
3rd quarter start: 9st 6.8 lb
4th quarter start: 9st 10.2 lb
End weight: 8st 13lb
'It's the small compromises you keep making over time that start to add up and get you to a place you don't want to be'0
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