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Learning to walk before I run

19798100102103440

Comments

  • savingholmes
    savingholmes Posts: 29,208 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You certainly demonstrate how the little wins add up
    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 £42.5K + Lump Sums DB £4.6K + (25% of SIPP 1.7K) = 48.8K of £127.5K target 38.3% 24/5/26 (If took bigger lump sum = 71.K or 55.9%)
    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 £5.7K updated 29/5/26
  • killerpeaty
    killerpeaty Posts: 2,670 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It always interests me how people do little cash movements. I can see it's very motivating, I assume that there is an expense to the various institutions. Where does that go? 
  • QueenJess
    QueenJess Posts: 4,900 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    It always interests me how people do little cash movements. I can see it's very motivating, I assume that there is an expense to the various institutions. Where does that go? 

    I just put the fees into the same section as the underlying capital appreciation/depreciation bucket. So just decreases any growth. Seemed the simplest thing to do and I think lots of people chatting about growth online do the same.
    2026 decluttering: 2,011 🤑🥉 ⭐️🥈🥇 ⭐️ ⭐️💎 ⭐️ ⭐️ ⭐️ ⭐️ ⭐️🏆⭐️
    2026 use up challenge: 492🥉 ⭐️🥈🥇 ⭐️ ⭐️💎 ⭐️🏆⭐️ 🏅
    2026 decluttering goals I Use up Challenge: 🥉52 🥈100 🥇250 💎365 🏆1,000 👑3,000I 🥉25 🥈50 🥇100 💎150 🏆300 👑500
  • edinburgher
    edinburgher Posts: 14,594 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    @killerpeaty - are you talking about transaction fees or something else?
  • edinburgher
    edinburgher Posts: 14,594 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It's the 1st of the month and all my DDs have flown the nest :)

    I don't think the PB draw has taken place yet, but Ch@se have paid interest for last month. I'll probably need to switch to V1rgin at some point, we need every penny of interest we can get at the moment!
    • £113.47 OPed
    • £113.47 Paid into my ISA
    • £5.16 paid into my SIPP (£6.45 after tax relief)
    • £46 paid into DD1 ISA, £33 paid into DD2 ISA
    That will do for future goals for the first day of the month o:)

     
  • savingholmes
    savingholmes Posts: 29,208 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on the money shuffle.
    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 £42.5K + Lump Sums DB £4.6K + (25% of SIPP 1.7K) = 48.8K of £127.5K target 38.3% 24/5/26 (If took bigger lump sum = 71.K or 55.9%)
    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 £5.7K updated 29/5/26
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