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Prosperous soul embraces creativity & mortgage neutrality

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  • doingitanyway
    doingitanyway Posts: 10,054 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Mortgage-free Glee!
    Yes, well done! If it were me, once I had started on crumble, custard and ice cream, there would have been no chance!
    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

    Emergency fund 100/1000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • Mickyh-s
    Mickyh-s Posts: 287 Forumite
    Seventh Anniversary 100 Posts Photogenic Name Dropper
    Have a nice evening and weekend!
    Mortgage balance as of 21.7.21 - £75,766. (7 yr mortgage on 2 yr fix of 1.32%)Mortgage balance as of 20.8.22 - £58,445.08o/p 2021/2022 = £6,313/£7,500o/p so far 2022/2023 = £5,997/£5,997 Goal 1 - to be under 60k by 20.7.22✔️Goal 2 - to op 10% of mortg by 31.12.22✔️Goal 3 - to pay off mortgage by 7.1.2023 (Subject to sale of btl property)✔️Goal 4 - to pay off cc by end of Jan 2023 - £260.64/£1500Goal 5 - to pay off car loan by 31.8.23 - £1722.39/£10,000
  • beanielou
    beanielou Posts: 95,720 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Enjoy your holiday weekend  :)
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • MovingForwards
    MovingForwards Posts: 17,150 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Options are opening up on a daily basis.
    Enjoy the drink and weekend.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Viking_mfw
    Viking_mfw Posts: 728 Forumite
    Eighth Anniversary 500 Posts Name Dropper
    If you know people with small children, they lurrrrrrve stationery! 
  • Humdinger1
    Humdinger1 Posts: 2,311 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    @savingholmes your arbour looks fab! Just as you say, the PIP is there to make your life easier; you probably thought that the struggle was just life as it was the norm for so long?  Full of admiration for you love Humdinger xx 
  • jwil
    jwil Posts: 22,064 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    All sounds fab.  Have a lovely weekend :)
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • savingholmes
    savingholmes Posts: 28,989 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    MSE has a cost calculator now for energy. If it's right - having fixed my elec until next June will save me around £400 (before future rises).

    I'm still due to have an overall annual bill of £3.1K though... That splits roughly £2K gas and £1.1K elec. Just have to hope I can drive my gas use down.

    I'm going  to my sis's house regardless and will help entertain and distract the kids. Apparently an old mortgage hasn't been cleared off properly and no-one knows how much it's for or if it is still live. So not sure how that's going to go... 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
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