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Future Proofing my life: Deposit saving then MFW journey in under 13 years
Comments
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and youSandyShores said:Happy New Year to you too LadyWithAPlan!
hope 2022 is fabulous for you! DON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest4 -
WOOHOO my first PB win . 2 x £25 .
Put £13k in Aug initially and added extra £1.5k since then
Better than bank interest anyway DON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest10 -
Luckier than most on here - I only know of one person winning on these forums and two is excellent. 🥂
By the way, I have inserted a couple of rows for stores and DD/subscription items to my Grocery shopping spreadsheet so I can track those spends better month-by-month. I've also inserted treats and entertainment but not within the counted part, and the latest addition is pet supplies (as we are collecting our new family member tomorrow).
Happy New Year!Save £12k in 2025 #2 I am at £10,020.92 out of £6000 after September
OS Grocery Challenge in 2025 I am at £2234.63/£3000 or 74.49% of my annual spend so far (not going to be much of a Christmas at this rate as no spare after 9 months!
I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
My new diary is here5 -
Happy 'Gotcha' day for tomorrow SL.
Fortune x
https://forums.moneysavingexpert.com/discussion/6623005/happy-days-in-our-golden-years/p1?new=1
Working at Living5 -
A new family member how fabulous. I would love to see pictures!Suffolk_lass said:Luckier than most on here - I only know of one person winning on these forums and two is excellent. 🥂
By the way, I have inserted a couple of rows for stores and DD/subscription items to my Grocery shopping spreadsheet so I can track those spends better month-by-month. I've also inserted treats and entertainment but not within the counted part, and the latest addition is pet supplies (as we are collecting our new family member tomorrow).
Happy New Year!DON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest3 -
Happy New Year. Congrats on exceeding your £30K savings goal. Well done on PB wins too.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.3K Equity 36.55%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
(If took bigger lump sum = 62K or 48.6%)
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 £5.1K updated 14/11/252 -
Happy new year @LadyWithAPlan, happy new year everyone. Looks like you have started the new year on a good note. Congratulations 🥳 on your “big” win! XxInitial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓4 -
You're a bit quiet @LadyWithAPlan, I hope all is well with you and you get back to updating on your progress soonSave £12k in 2025 #2 I am at £10,020.92 out of £6000 after September
OS Grocery Challenge in 2025 I am at £2234.63/£3000 or 74.49% of my annual spend so far (not going to be much of a Christmas at this rate as no spare after 9 months!
I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
My new diary is here5 -
Perhaps you are waiting for an end of Jan reveal of progress? Hope you are okay.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.3K Equity 36.55%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
(If took bigger lump sum = 62K or 48.6%)
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 £5.1K updated 14/11/253 -
@savingholmes @suffolk_lass so lovely you are both checking in on me. I hope you are both well.
Sorry if I worried you, I am all good. Just two of my clients very late in paying over las few months so I cant really do a EOM that looks focused as owed loads by them aka £20k
I know they will pay but it is putting my balance sheet off and my budget. It also does not fill me with joy as if I had bought a flat I would have been struggling.
I am also working hard on last stages of my programme, nearly there and also busy with freelance jobs that have picked up.. so not getting online much. Plus just started dating someone really interesting, taking it slow but a busy busy Jan. Plus in gym getting fitter again..
Good news is I filed my taxes Monday and I have never paid so much which meant I made more). Plus as I had saved it all as I went in a separate account I was not at all stressed about it. I did downgrade my payment on acct as I have definitely earnt a fair amount less than last year but I am hoping when my programme launches I can fill the gap
I will do my Feb budget this weekend. I also plan to do the last checks on the programme. I have bought my domains et so need to get a simple website up.DON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest9
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