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Learning to walk before I run
Comments
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Sounds like you are making great progress, hope the next two weeks go quickly for you all!Save £20,000 in 2025. April 2k, May 3.5k5
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I hope the next couple of weeks fly by, I remember staying with my folks last year and although it must have been around ten or eleven weeks it seemed an eternity to us all!Mortgage End Date: Apr 36/Aiming for Apr 28/Current Dec 32
Mortgage OP 2025 £5350/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £37,597
2029 Holiday fund £356/7000
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)5 -
Is anybody else starting to crap it re. Inflation? Think we'll be teetotal vegetarians by next summer8
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Have been for several months. Have no idea how people are going to live.Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
Current mortgage amount: £233.529.75
Start student loan 2012: £29,750; current student loan: £11.400.50; OP offset fund: £7506 -
It's pretty scary! Enough to make me consider surveys again
I think part of it is that we are so used to stability but this (and much worse) has happened in the past. If past generations can cope then we can cope.5 -
How would you like this one. Because british gas (SoLR) in their wisdom decided to do my DD for the April SVR using only my summer usage if this Oct one does go up by 80% then my DD will be £600 per month as I assume they will do all 6 months at the winter usage. I'm not even thinking about food prices. So thanks to Mr Sunak for cancelling the triple lock! I am really lucky though because I have savings, an awful lot of people are not so lucky
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Inflation is seriously scary. I'm so grateful I have extra income this year or I'd be seriously screwed. As it is I worry for my kids and many others who will struggle.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £175.8K Equity 32.38%
2) £4.3K Net savings after CCs 13/5/25
3) Mortgage neutral by 06/30 (AVC £20.6K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 26.3/£127.5K target 20.63% updated 16/5
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.4K updated 16/54 -
@badmemory - I am glad you can think up a positive - it's bloody awful what is coming down the road5
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Yes, it’s starting to annoy me as it’s derailing all my plans! Probably will end up working longer to make up for it and I’m not sure I can take a career break anymore. It’s very irritating…
I know I’m lucky that we can absorb the costs (if I keep working). I feel terrible for so many people that are going to really struggle.2025 decluttering: 2,387🌟🥉🌟💐🏅🏅🌟🥈🏅🌟🏅💐💎🌟🏅
2025 use up challenge: 214🥉🥈🥇💎
Mini kitchen challenge 43/50
2025 decluttering goals I Use up Challenge: 🥉365 🥈750 🥇1,000 💎2,000 🏆 3,000 I 🥉12 🥈26 🥇52 💎100 🏆2505 -
I'm concerned about the rises - and I have no idea how my children are ever meant to afford to move out! I'm making tiny adjustments here and there (not always consistent- sometimes I need to readjust back for a while) to try and help. Again, we will be able to absorb the rises - the effect on our lifestyle will be less savings/ fewer discretionary spends such as meals out (never cheap for 6) as opposed to a choice between food and fuel. I think there is a dark Winter on the horizon.
Limited opportunities to increase money in (I'm education support staff - poor pay - although DH earns a decent salary) and my energy is nor necessarily best spent on surveys right now. I am still plodding away at selling unwanted items, though - although they do head off to CS if they don't sell and aren't too specialised. That's more from a desire to streamline my home/ life, than raise funds though I dream of being one of those ultra organised people 😁😁I am the master of my fate; I am the captain of my soulRepaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NILNet sales 2024: £209
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