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

LadyWithAPlan · 2021-08-11 13:58:38

I have been reading lots of these MFW diaries over the last few weeks, some 300 odd pages long and tracking a decade or more of life. They have been fascinating, very inspirational and given me some great ideas. I am looking to buy within the next year, and then get MFW and o/p as soon as I can. My savings rate, income…

Comments

Queen_of_the_Hive Posts: 1,398 Forumite

16 December 2025 at 9:44PM

Merry Christmas @LadyWithAPlan hope life is treating you well x

2026 financial goals & challenges!

1). Mortgage (started Jan 2024) £98,254.64/ £122,400.00 Overpayment total: £1460.47 (Inc Sprive yr 1 & 2 o/p £70.93, £5.52 Natwest o/p & £55.34 reg monthly overpayment) Equity 33%

2). #47 Save 1p a day challenge 2026 £96.47/£780

3). £2741.53/£3000.00 - Investment ISA

4). CC debt - £21,148.38. Aiming for £19,999.99 31/12/2026

5). £252.66 / £1000.00 - EF

6). Lose weight, get fitter and read 12 books in 12 months in 2026. 2 out 12 COMPLETED
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savingholmes Posts: 29,200 Forumite

7 April at 3:41PM

Hope you are doing okay LWAP and you come back and update us.

Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
2) £2.1K Net savings after CCs 14/5/26 (but owed £1.3K) so £3.4K
3) Mortgage neutral by 06/30 (AVC £41.6K + Lump Sums DB £4.6K + (25% of SIPP 1.4K) = 47.6K of £127.5K target 37.33% 16/5/26 (If took bigger lump sum = 69.5K or 54.5%)
4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
5) SIPP £5.6K updated 16/5/26
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Sistergold Posts: 2,159 Forumite

13 May at 10:32PM

just checking on you LWAP 🥰

Initial mortgage bal £487.5k, current £238k, target £122k (quarter way!)
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 👯♀️
To save £100k in 60months start 01/01/2027
Am a single mom of 4.
Do not wait to buy a property, Buy a property and wait. 🤓
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beanielou Posts: 99,731 Ambassador

Today at 1:10PM

How are things in your world?

I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** in ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan. 19months left.
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