Future Proofing my life: Deposit saving then MFW journey in under 13 years

Merlin's_Beard

I'm hoping the *drumroll* is a good one!

beanielou

Maybe LWAPan is on a date? 

dawnybabes

Just re n out seeing a Suzi Q tribute (she was very good) and logged on to check before going to bed ! Perhaps she’s out partying on the champagne celebrating 🥂🥂🍾🍾

Queen_of_the_Hive

.....Oh the tension...!!! 

LadyWithAPlan

dawnybabes said:

Just re n out seeing a Suzi Q tribute (she was very good) and logged on to check before going to bed ! Perhaps she’s out partying on the champagne celebrating 🥂🥂🍾🍾

Ha! I was on the (free) champagne .. but been text this morning and a ‘tranche’ is coming today apparently .. 
 Amount due is across 3 company centres so need to see what part is proposed paid & obviously I will be charging the interest first .. 
(love Suzi Q) 

love how you all drum-rolling  ! 

When I do get a tranche (& will need a believable plan to complete the rest due before work commences) then not all will go to home deposit - some to tax savings, some for Oct YNAb categories, some to my SIPP as it had less than £1k in so far this tax year , & also had yanked prob £10k plus  out to cover my summer - most paid back to myself but £2k still ‘due’ back to one flexible isa - I did buy a new iPhone cash etc so 

I am sending him an up to date invoice including Sept interest 
Will be very happy to see £££££’s in my bank account- will be a fun YNAB dance - at least the YNAB has kept me under control budget wise and I have managed brilliantly with less - however it has stopped me getting the deposit savings up 
I am however earning enough monthly interest to practically cover all my monthly bills etc rent water electric CT  etc ..

had a lovely busy weekend - had a London private members club party Friday - took 2 friends - free food and drink and live bands  but due to being GF I didn’t eat anything - it keeps me slim (if sad as the fish n chips looked epic!)  there were free oysters but I was not quick enough ! 

Then was helping a friend with a v active toddler - went to a cool London museum and had champagne lunch at a v famous London restaurant which was paid for as a thank you 

@beanielou no dates this weekend - still having PTSD from 2 weekends ago 
I am suggesting video chats with a couple of them… 

Cornish seawee& hair company originally said no to a refund as over 60 days .. but then I pushed a bit back - I have a small but classy insta following and messaging them through that (insta)  as opposed to email I think which helped so now getting my money back £53.95 
it more than covers the Moer*e hair stuff I am
now trying ..  my DS hair has never been so long and she been on it 3 months so I am taking a punt - I have thicker hair than her and always longer so hoping it helps mine. 
so far I have used Moer&e stiff once  and it does make my newly washed hair look thicker - I have the shampoo conditioner and daily spray (plus mask) but I am also using again my Intelligent Nutritents leave in conditioner as I think stopping that and just using the Cornish hair stuff was part the breakage problem - my hair has stopped breaking immediately I stopped using the Cornish stuff - I may use it for cleaning products ! 

South_coast

So if a tranche is coming today, does that mean you didn't get anything on Friday 🤔? Or is this additional?

LadyWithAPlan

South_coast said:

So if a tranche is coming today, does that mean you didn't get anything on Friday 🤔? Or is this additional?

Yes - he had said Friday or Monday latest - we have a huge amount of work to do - complicated maths puzzle filing stuff - & a deadline & I have said I won’t work without some cash so he text me first thing …  


I used an old matching vanity case this weekend and discovered the zip had stiffened up so that’s going in the trash as soap didn’t  work - still on the declutter! 

Just grabbed some pork loin from freezer & some chicken stock - will make a bean ratatouille for tonight (got what’s left of home grown courgette & a aldi aubergine to pop in it) 

working for another client today .. 

LadyWithAPlan

No PB wins again this month ;(
I do note the 2 x £1m  Oct winners - one had £10,150 holding and the other £34,350 ... there is hope


Pension/FIRE TALK
So I finally managed to log in to my DB pension site,  a job I left over 20 years ago but actually who knew at the time my 5 years there was so helpful to my future self.
I had been working (in my excels) on a basis of DB of £6.5k pa but today it is clearly showing £8,128.44 pa  + its confirmed it starting from 60 yrs... the company no longer does such DB's so its feeling good
Transfer value only £165k but I wont be doing that

My SIPPS end sept value are £74,909.85 - only added £400 in so far this tax year so will aim to add £7k in by March - like to hit £85k ideally by end tax year 25/26
SP will be £11,973 (current) pa

On my excel..
So at current figures (+ no more invested/no stock mkt  increase/ No SP increase all of which is untrue) 
60yrs  with 4% withdrawal SIPP rate - annual income £11,124.83 (£8,128.44 + 4% of the £75k sipps)
67yrs  £22,913.75 pa (+ SP) 

On the Vang*** calculator 
67yrs  £24,172 pa 

The figures don't include my house deposit - only my SIPPs 
My income will be good as long as I have sorted out the missing piece  of my retirement puzzle - my home ... which is the 2026 aim. Obviously I can choose to pull out cash from my SIPP for my home to pay off but need to get it bought first


I did add £260 into my SIPP yesterday (part my MB/sports trading Sept ) I made £860 in Sept and will apportion the remainder £600 into house savings

VANGUARD BALANCE -  nearing £100k - finally! Currently £99,669.36 - will do a happy dance at 6 figures ..
As well as my Van SIPP  £69,723 (I also have a small hargLan sipp of £6k ) I have a S&S ISA  with Van (part of my hse deposit
I am aware I am over the £85k protection limit... but I am not too concerned though any new monies into cash/S&S isa will go into another provider
£100k seems like a fabulous marker - I will be getting dividends this week so even with the low fees coming out (approx £22 per quarter sipp, £10 isa) I should smash thru the £100k - next stop £110,000
Given I only started the sipp in April 2020 I feel I have done well.

dawnybabes

You’ve done amazing ! All the while still having a life 🤣🤣🤣

did the client pay ?

Cheery_Daff

Excellent work! 

I was coming in to ask the same as @dawnybabes 🤔😂😂