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New life - debt free
Comments
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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! 😊'Happiness is not a destination but the journey you walk every day'
Weight loss challenge 2024:
Start weight: 9st 13.1lb
End weight: 8st 13lb
Weight loss challenge 2025:
Start weight: 8st 6lbs
End weight:
Nov GC: £14.97/£350
'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 £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/251 -
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! 😊'Happiness is not a destination but the journey you walk every day'
Weight loss challenge 2024:
Start weight: 9st 13.1lb
End weight: 8st 13lb
Weight loss challenge 2025:
Start weight: 8st 6lbs
End weight:
Nov GC: £14.97/£350
'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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