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Prosperous soul embraces creativity & mortgage neutrality

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Comments

  • Merlin's_Beard
    Merlin's_Beard Posts: 1,747 Forumite
    Eighth Anniversary 1,000 Posts Photogenic 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: £224,460.73
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
    Unread owned books Jan 2026: 256
    Undone crafts 2026: +1
  • Blackcats
    Blackcats Posts: 4,471 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    I'm glad your desk is assembled now. 

    Well done on your weight loss.


  • savingholmes
    savingholmes Posts: 29,194 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 £167.4K Equity 38% 3/4/26
    2) £2.5K Net savings after CCs 14/4/26 (but owed £1.1K) so £3.6K
    3) Mortgage neutral by 06/30 (AVC £39.3K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 45.2K of £127.5K target 35.4% 8/5/26 (If took bigger lump sum = 67.1K or 52.6%)
    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 £5.4K updated 8/5/26
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