We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Prosperous soul embraces creativity & mortgage neutrality

1189190192194195323

Comments

  • Merlin's_Beard
    Merlin's_Beard Posts: 1,559 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Sounds like a productive time!
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
  • Blackcats
    Blackcats Posts: 4,023 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    I'm glad your desk is assembled now. 

    Well done on your weight loss.


  • savingholmes
    savingholmes Posts: 29,087 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Been awake for a while. I am delivering the FB sale tonight after SW - so hopefully get a fiver there. I then need to find some other items to list. 

    BIL also took the bike rack out of the shed - so there's nothing except effort stopping me getting that shipshape and ready for use. Exciting. He suggested trying to list some of the chemicals I don't want on FB or 0li0 and see if someone will take them away for free. It's raining here today - really fine... 

    I spent a lot this weekend. Kind of reluctant to put it on my spreadsheet! Grateful I get backpay in July so should work out okay. If I go to the service this week - then I'll have to cancel my counselling appointment - but I imagine I'll put that straight towards sis's fuel - but at least that would mean I don't blow my budget completely. It's a constant juggle although I am very grateful I have a buffer.

    Need to try and read my elec meter today and submit a reading to BG. I may wait to the 30/6 actually as from 1/7 I am on a different fixed tariff which will be worse initially but better come October. I suppose I could do both in case I forget. I'm due another bill soon and I'd like it as accurate as possible.

    Have a good day where you are.
    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
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.