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Learning to walk before I run

18990929495406

Comments

  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    25% upfront is normal round here ... I can understand that a builder's put a high % on if they haven't done it before.  I hope it all works out!
    2023: the year I get to buy a car
  • savingholmes
    savingholmes Posts: 29,135 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Did you pay it on a credit card for the protection?
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £169.8K Equity 37.1%
    2) £1.3K Net savings after CCs 16/1/26 (but owed £1.1K) so £2.4K
    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
  • edinburgher
    edinburgher Posts: 14,367 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 7 July 2022 at 7:50PM
    Did you pay it on a credit card for the protection?
    I've never met a builder in my puff who took credit cards? Seems to be localised to MFW
  • edinburgher
    edinburgher Posts: 14,367 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 8 July 2022 at 7:17PM
    A spendy day. After 4 days of strict dieting (I lost 5.5lbs), I had a bit of a break. I took the family for a big cooked breakfast at a fancy cafe favourite, 2 doughnuts, some crisps and a single whisky and Coke :o (across the day, not all for breakfast)! Back to starvation rations tomorrow.

    £7.44 paid into my SIPP (£9.30 after tax relief)
  • savingholmes
    savingholmes Posts: 29,135 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Wow at losing 5.5lbs in 4 days! Not surprised you wanted a break. Starvation rations doesn't sound healthy. Are you at least choosing nutritious, tasty food?

    I am doing SW - and experimenting with time restricted eating to to reduce my food intake and improve its quality...
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £169.8K Equity 37.1%
    2) £1.3K Net savings after CCs 16/1/26 (but owed £1.1K) so £2.4K
    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
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