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Future Proofing my life: Deposit saving then MFW journey in under 13 years
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Hello all just enjoying the weather and catching up. Wow @LadyWithAPlan, 5kg lost and your teen body back! Welldone. Very good going with the side hustles keep it up. You are now “in the zone” it looks like! ❤️Initial 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 -
Thanks @sistergold I think I have popped 2 kg back on but not concerned - just starting major summer travelling with the side hustles so am grabbing sweets etc
however I will be fitter by the end as I will hardly be drinking as need to focus
on side hustles pit stop one - sold over 50% of tickets to one so far of my sessions and 33% overall and yet to start so I will hopefully get a buzz going - won’t get it til mid next month so a lot going out but this first pit stop I am already on target to make more than at last years
No data yet on second pitstop but that’s a bigger space so ..
been promised some money has been sent by client c, more is being looked at by client d, client b paid a bit but am owed more .. and client a not paid as waiting to be paid so I have explicitly said no more work (which they need me to do as it’s important and time sensitive ) til I get some doshDON'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#latest6 -
Sounds like the side hustles are going well 😊
Well done for standing your ground with client A! 👏😊
KKAs at 15.07.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £233,521
- OPs to mortgage = £11,816 Interest saved £5,28 to date
Fixed rate 3.85% ends January 2030
Read 40 books of target 52 in 2025, as @ 29th July
Produce tracker: £243 of £300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.3 -
Won £50 on PBs again - £475 this year
Just checking in to say hello - am abroad somewhere fabulous on a long side hustle trip and looks like already the money I spent on ads and marketing has been well spent. Early days but already making more than I expected in the first week.
I am using YNAB to keep track of all my expenditure and if it carries on this will be a great summer of money making, fun and travel.
Life in London feels v distant but the joy is London is always there waiting for you! Hope you all keeping cool - its hot too where I am but they have AC!!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#latest8 -
Sound like you are living up to your name and we might see some serious flat hunting and planning later in the year.Save £12k in 25 No 49
PB Win 21 £225, 22 £275, 23 £900, 24 £750 Balance Dec 25 £32.7K
Plan to move to Denmark for FIRE by Autumn 2025 “May your decisions reflect your hopes not your fears”
New diary aiming for fire https://forums.moneysavingexpert.com/discussion/6414795/mortgage-free-now-aiming-for-fire#latest3 -
Sounds like you are having fun while making some money, fantastic, enjoy!Mortgage OP 2025 £6200/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £36,255
Money making challenge £0/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)3 -
It sounds fantastic x enjoy ! Life is for living 😁😁😁Sealed pot challenge 822
Jan - £176.66 :j3 -
Great news on the income and the fact you get to do it somewhere fabulous! 😌MORTGAGE BALANCE when we moved Aug 2024, £120,000. January 1st £118,267.06. May 1st, £116, 123, June 1st, £115,536, New mortgage added for extension- £165,000 July 1st!Mortgage Overpayments - September-December, £152.46. J- £103.27, F- £115, M- £91.50, A- £100, M- £200, J- £200. J- £200.
Total- £1162.23
Goal pay off 1% of current mortgage in 1 year. £1200. (96.83% there)
EF- first goal £300
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Loving your thread. You came up with a plan and are seeing it through and are somewhere fabulous too. Wonderful.Made it to mortgage free but what a muddle that became
In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!3 -
Glad things seem to be turning around for you in a positive way. Good luck with side hustle and getting monies owed.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/253
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