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Life is not a rehearsal- time to take back control........
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Perhaps look for inspiration for decluttering on utube. Lots of useful ideas there.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 10/10/250 -
Well, January has been either eventful or a bit of a non event - I’m not sure which way I’m looking at it! Either way I can’t believe we’re pretty much at the end of it.Covid hit the Lykke household days into the new year, with us only just finally all coming out of isolation due to our staggered positive tests. As I had positive family members I had to work from home for the duration, so petrol costs for the month have been nice and low!My C25K journey was also scuppered after the first week, although fortunately we have a basic treadmill at home so I’ve managed to keep up with the programme during isolation - not the same as running outdoors but at least I kept moving!So money wise, there’s not really a lot to report. Food spend has been horrendous again. Really really need to try and cut this back. We’re averaging just over £100 a week - 3 meals per day for 3 people - it’s bonkers. Read an interesting Twitter thread from Jack Monroe summarising the increase in food prices and it’s scary. Couple that with the increase in utilities and fuel and it’s no wonder so many people are struggling. In (slightly) better news, a couple of small wins - a free sack of horse feed saving me £30, a £7 eBay sale (sent to cc) and £11 TCB payout (to send to Very). It’s payday on Friday so will get my head around the facts and figures and post an update in the next couple of days.
Have a good day x2 -
Glad you are finally free of covid. Good there were some financial benefits. Good luck with trimming back the groceries - lots of posts on the Old Style board that can help too.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 10/10/250
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