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Learning to walk before I run

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Comments

  • edinburgher
    edinburgher Posts: 14,473 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    £2.25 cashback withdrawn from TCB (bought myself a Mr M's voucher that I used for groceries yesterday) - £1.13 OPed and £1.13 paid into my ISA.

    I have always been tickled by the quote "Markets can stay irrational longer than you can stay solvent". I always like to think "I can remain determined for longer than markets can stay irrational" - take that Keynes! ;)

  • savingholmes
    savingholmes Posts: 29,137 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on the pension payment.

    Hope the pain resolves soon.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £169.8K Equity 37.1%
    2) £1.5K Net savings after CCs 11/2/26 (but owed £1.4K) so £2.9K
    3) Mortgage neutral by 06/30 (AVC £34.8K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 40.6/£127.5K target 31.8% 16/11/25
    (If took bigger lump sum = 62.7K or 49.2%)
    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 £5.2K updated 16/1/26
  • savingholmes
    savingholmes Posts: 29,137 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on the SIPP and your weight loss.

    I have no idea re builder. It's a big risk for him too isn't it...?  Perhaps ask what specifically it's for - and if it's for materials ask when they will be delivered and perhaps pay on delivery? 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £169.8K Equity 37.1%
    2) £1.5K Net savings after CCs 11/2/26 (but owed £1.4K) so £2.9K
    3) Mortgage neutral by 06/30 (AVC £34.8K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 40.6/£127.5K target 31.8% 16/11/25
    (If took bigger lump sum = 62.7K or 49.2%)
    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 £5.2K updated 16/1/26
  • Suffolk_lass
    Suffolk_lass Posts: 10,935 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I have never been asked for a deposit up-front. Times are very different now though. See if you can pay with your credit card with benefits so you can get a refund if there is a problem, and you get something out of it (it is a JL card for me).

    The one time we did pay ahead of work being finished (£30k) the builders went awol for 6 weeks leaving us with a tarp across the back of the house from the week before Christmas until February. It was this that destroyed my sleep pattern, permanently
    Save £12k in 2026 #2 I have banked £865.15 in January against a £10k target The 2026 Save £12k in 2026 thread is here
    OS Grocery Challenge in 2026 I am sticking with a £3000 annual budget for 2026 - currently £138.39 for January and a bigger target of £300 for February, with lots to stock up on
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the grow your own in 2026 discussion thread
    My keep within our budget diary is here
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