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Learning to walk before I run

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Comments

  • Eeek at the delivery guys. At least you have the stuff now which is progress (the delivery and top up paint!).
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    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 £5K updated 10/10/25
  • edinburgher
    edinburgher Posts: 14,079 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 28 September 2022 at 12:21PM
    Mrs E has been paid - yay! Mrs E has been paid roughly 1/2 wages because of maternity leave - nay! :|

    I have subtracted £500 of the £700 or so lost from the "Baby" line of the budget and will need to aggressively trim the October budget. £78.64 paid off CC1 (1% of the total) and what limited virement I could accomplish has been viremented.

    Surveys a lot slower today (less than £1 so far), but I'm doing more actual work, which is right and proper ;)
  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Ouch to half pay. Are you saying you had budgeted for it but hoped it wouldn't be as bad or what? I don't quite get it? How much longer is Mrs E off for? Have you got her doing surveys too? - that's the real question. :)
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    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 £5K updated 10/10/25
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