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

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  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    3 months upfront is of course even better!
    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 29/7/25
  • I don't think you should necessarily feel the need to keep your opinions on him to yourself now (or ever). Your friend might appreciate a "better off without him" talk, she probably already knows it 🙂
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad you got a refund. It all helps. 

    Cruise on the Thames on a hot summer day sounds nice too. 

    Ouch to your friend taking him back...!!!!!
    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 29/7/25
  • The energy bill press is getting worse especially with the profits of the companes,
    This is really worrying it will affect a huge number of people and will have a long lasting impact.  Personally I fixed last year until October next year so I count myself very lucky but I will not be taking this for granted.  I will add some additional savings to our bills pot as a cushion if the situation is still bad next year.  With our current income and expenditure it will mean that we won't be able to afford and annual family holiday, a sacrifice to be sure but we will be more fortunate than many other people.

    Well done your EJ refund, it all helps
  • LadyWithAPlan
    LadyWithAPlan Posts: 3,744 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    The energy bill press is getting worse especially with the profits of the companes,
    This is really worrying it will affect a huge number of people and will have a long lasting impact.  Personally I fixed last year until October next year so I count myself very lucky but I will not be taking this for granted.  I will add some additional savings to our bills pot as a cushion if the situation is still bad next year.  With our current income and expenditure it will mean that we won't be able to afford and annual family holiday, a sacrifice to be sure but we will be more fortunate than many other people.

    Well done your EJ refund, it all helps
    I am very pleased for you that you are on a fix. That must be so helpful for you and reducing stress.. I am loving my staycation this year - certainly hot enough ;)

    At least you have the time and focus now to save that EF up for next year and hopefully there will be more help from the govt and stabilisation of prices next year.
    So so worried for those on a fixed income, benefits and those with kids as well. Everyone is tightening their belt so businesses suffering too. 
    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#latest
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great about the £30 offer.
    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 29/7/25
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