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Future Proofing my life: Deposit saving then MFW journey in under 13 years
Comments
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The one thing I miss from my flat is my multi tool. It cut through metal, sanded things, did small sawing jobs...7
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So my grocery budget has not been spent as I am in the States for a few days and its 28 degrees! I went to the hotel gym before 7am today and yesterday I had a fabulous swim in the pool.
Just wonderful wandering around in a sleeveless dress - feels a million miles (well 4000 km I think) from LondonStill being MSE as I even went to Publix a grocery store rather than having loads meals out .
one very large apple 3 dollars!
however they do great sushi for 8-16 dollars ..My first DF coffee was 7.22 dollars but now getting my hotel filter ones for 3 bucks instead
my eBay - 24 items up so far so 3 have bids - finishes tomorrow - it includes a larger thing over £120 and as it’s max selling fee £1 I am glad that had gone
I also have a couple dresses with tags on that I was given so hoping they go
As I am decluttering I am really
hoping to get stuff out the house as well as a bit of extra cash.It’s nice staying in a hotel with no stuff .. however it’s v unlikely my home will ever look like a hotel - though I do have one friend who has managed that level of declutter - she is a bit OCD as she will admit herself .Hope everyone is keeping warmDON'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#latest7 -
Enjoy your time away.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 £4.8K updated 13/9/256 -
it sounds great! I am waiting to finish this term before I start buying toolsWelshmansDaughter said:The one thing I miss from my flat is my multi tool. It cut through metal, sanded things, did small sawing jobs...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#latest5 -
Ooh very jealous ! Enjoy ….
you’ve inspired me to start decluttering - sent loads to CSSealed pot challenge 822
Jan - £176.66 :j7 -
Mine was a cheap amazon one, around £65. It came with blades but the heavy metal ones were extra. It would depend on the size of jobs you were thinking of though.LadyWithAPlan said:
it sounds great! I am waiting to finish this term before I start buying toolsWelshmansDaughter said:The one thing I miss from my flat is my multi tool. It cut through metal, sanded things, did small sawing jobs...
I own four power saws. So clearly don't listen to me 🤣🤣🤣6 -
Welcome to the States. We love our Publix markets here and they do have an amazing deli and bakery, don't they? Glad your hotel is nice and comfortable.Mortgage start date Dec 2015 - $64,655.00
Mortgage end date Dec 2045 - NOT!!!!
Mortgage balance - $4600.00
Business Savings $43,310/100k
Hope to be mortgage-free by end of 20234 -
4 power tools!! I am having tool envyWelshmansDaughter said:
Mine was a cheap amazon one, around £65. It came with blades but the heavy metal ones were extra. It would depend on the size of jobs you were thinking of though.LadyWithAPlan said:
it sounds great! I am waiting to finish this term before I start buying toolsWelshmansDaughter said:The one thing I miss from my flat is my multi tool. It cut through metal, sanded things, did small sawing jobs...
I own four power saws. So clearly don't listen to me 🤣🤣🤣
I will look. I dont have any outside space at present though which is a good thing.
I am currently at one power tool - an sds drill - which I am getting used to and still currently a bit scared of electric saws - hopefully by the time I have done a term of carpentry I will feel more comfortable with jigsaws and powered and non powered saws!
I am missing this weeks DIY classes as I am in 28 degree heat and about to spend my afternoon by the pool swimming and sunbathing Back to reality soon though and cold.
@dawnybabes good luck! I have just sold 6 of my 24 ebay items - I will be posting them as soon as I fly back. Looks like £346 minus postage (most of it I have included postage) plus was max £1 selling fee special offer per item - given I have 2 things over £100 I feel I have done well. Hopefully I will clear over £300. The others have renewed .. I will wait for the next ebay sellers listing offer to add more on -
I normally travel with loads of stuff but as this was a short trip I only took a small case ... and the lack of my clutter in the hotel room was quite inspiring. Maybe my clutter - though its mainly tidy (apart from my study) affects my productivity ... so I will be getting back to the minimalist game when I get back.
I did 'declutter' 100s of receipts on the plane out and processed them so feeling good about that. I paid for plane wifi 35 dollars but felt it was worth it to catch up on some work - may do the same on my flight back. I have my tax return to actually file this weekend as well as pay remainder. Will put less on account this year as still so many unpaid invoices.
I have moved my Fidel ISA s&s to Vanguard this month as they are putting the fees up from Feb 1st if you have less than £25k in. Last time I moved old isas from Hargreaves into Fidelity they took forever - lost some funds !! etc as they held different classes of funds and I got a goodwill payment it was such a mess. So this time I have switched everything over first before transferring including all my lovely REITS into Vanguard funds so I am in the market and no sales processes to get messed up by Fidelity.
The cost difference is also a lot even without the new Fidelity fee - - I will look when it is all transferred. but on £20k in s&s ISA been about £6/month just in platform fees - so about £70 per year in Fid vs my Vanguard at £32k (so 60% more) on the last year have been £41.51 (avg £3.46pm)
I know I can only have Vanguard funds in the Vanguard isa/sipp but thats a big difference especially as many of the V funds also have lower mgt fees.
I do have a small Har Land SIPP acct as well for non Van funds, shares , REITS etc and I may in the future have another S&S isa outside Vang - but as it is partly holding house deposit money as well its fine.
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#latest7 -
Big difference in cost. Good luck with filing your accounts.
Pool sounds lovelyAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 £4.8K updated 13/9/254 -
I know what you mean about fees I am thinking if I should DIY rather than use my so called Wealth Manager. Look like I am paying £220 a month in fees and there might be more on top. At least I have prompted myself to look into it as a start so well done you for sorting it.LadyWithAPlan said:I have moved my Fidel ISA s&s to Vanguard this month as they are putting the fees up from Feb 1st if you have less than £25k in. Last time I moved old isas from Hargreaves into Fidelity they took forever - lost some funds !! etc as they held different classes of funds and I got a goodwill payment it was such a mess. So this time I have switched everything over first before transferring including all my lovely REITS into Vanguard funds so I am in the market and no sales processes to get messed up by Fidelity.
The cost difference is also a lot even without the new Fidelity fee - - I will look when it is all transferred. but on £20k in s&s ISA been about £6/month just in platform fees - so about £70 per year in Fid vs my Vanguard at £32k (so 60% more) on the last year have been £41.51 (avg £3.46pm)
I know I can only have Vanguard funds in the Vanguard isa/sipp but thats a big difference especially as many of the V funds also have lower mgt fees.
I do have a small Har Land SIPP acct as well for non Van funds, shares , REITS etc and I may in the future have another S&S isa outside Vang - but as it is partly holding house deposit money as well its fine.
Enjoy your holiday spending money on plane WIFI sounds good if you can work while flying it is so boring.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#latest7
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