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Prosperous soul embraces creativity & mortgage neutrality
Comments
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I agree you’re a lovely mum but no wonder you’re tired. You might have to be tougher for your own health.
That’s an amazing haul. I don’t eat bananas often but if I do, that’s exactly how I like them. Which is why I don’t buy them cos you have approximately 36 seconds between them reaching this ripeness and being all slimy.Debt Jan 2017 = £42kMay 2022 = £15k4 -
It was good that you were able to have that financial conversation with your DD. My DS1 has used that argument in the past about not wanting to contribute towards household costs because DD1 didn’t have to at his age. What he didn’t see was that she was a university student compared to him being in work and earning a fair wage for his age. The amount of times I had to explain the council tax rules as to why DD1 was exempt but he wasn’t was ridiculous! Hope that you are able to find a workable solution to these 100 mile trips.paydbx2025 #26 £890/£5000 . Mortgage start £148k June 23 - now £138k.
2025 savings challenge £0/£2000 EF £140. Savings 2 £30.00. 177 -
Thanks Box of Paws, HSL, Beanie, Sandy, DIA and edinburgher
Well I had a nap when I came back and it helped a lot. (Agreed with boss). It then meant I worked late tonight though to make up time. I have a few happy hours painting as I am trying to increase the joy in my life.
Today's meals have been super tasty
Veggie soup (the first one - the second one is okay but I blitzed it to hide the Kale!)
Leftover Chicken, roast potatoes, carrots, onions, parsnips and peas
Snacks:
2 lots of mini ch3dd@rs with some cheese and water. 3 or 4 clementines. Pineapple juice (from TGTG) and a banana from 0li0.
Tomorrow I am hoping to do the YS stir fries in oyster sauce. I defrosted some cooked beef I'm hoping to add - otherwise I do have some more chicken.
I did a little round up payment yesterday so knocked a little more off my debt - while compensating for any new spends on 23 month 0% card while I clear target CC. Now at roughly £1620. I still need to book my cam belt in. Hopefully I'll make myself call tomorrow. I'm having my service done this weekend. Only once I know what my car bills are can I then work out my budget.
Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 £4.8K updated 13/9/258 -
Hi savingholmes, I was just looking at your targets - you are doing so well. I was just wondering about number 8. Mortgage neutral via private pension. Mr Shores has a private pension of about £100k (as well as his current work one). Could we measure Mr Shores' private pension against our mortgage as a start towards mortgage neutral? I can take a lump sum when I retire as well, so I guess I could work out a sum for that as well (around £20k). It would make a nice target to aim for."Think of many things, do one"
Mortgage 30 Sep'25 est. £208,500 £309,749 2020 (current ends 2038)
Seven Goals; 12.5lbs lost in 4 months (5.5lbs to go); walk/run/exercising/weights/yoga4 -
Yes if it's eligible for a lump sum absolutely. Just make sure you have enough left to see you through retirement. Beware too as some DB schemes take away £12 of pension for every £1 lump sum. In a DC pension it is more straightforward.
I bought an online art course yesterday. It was 75% off, I went to leave the site and got a further 20% off that. So paid 12. Looking forward to doing that in next pay period. It requires some supplies that I don't have.
I have arranged for a friend to come over and make art next week. Another friend has been in contact about meeting for lunch one day. Best get on and work now.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 £4.8K updated 13/9/256 -
Oh @savingholmes, what art course was that?Mortgage (Nov 20- NOV 39) originally £130,999 (Interest only) NOW £102,322 (approx 78% equity)
Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
Over payments 2021 £9,000 /£9,000 Over payments 2022 £7,629/£9,000 (£1,371 short of target)
Over payments 2023 £2,620/£9,000 (£6,380 short of target) Over payments 2024 £5,406/£11,000
Over payments 2025 £3,272/£5,600 (fix rate exp Dec 2025)
Loan £12229
Total Savings £4776
Premium Bonds - £988
YBS Xmas Regular Saver - £13505 -
SH I'd be inclined to say to DD that fine about her not contributing, but the compromise is that she pays the full cost (including depreciation) of the mileage you are doing running her about the place. In my first job I earned £70 a week and gave my parents £25 for keep - it never occurred to me that there would be any other option! Had I been in further education, not earning, the keep contribution would have been kicked down the line, reasonably enough. I bet not too many 16/18 year olds pay that sort of proportion of earnings over to parents now though - this generation of kids are getting off VERY lightly!🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
Balance as at 31/08/25 = £ 95,450.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her6 -
Thanks both I don't disagree but we paid for DS to go to uni so she feels she should be free and he had an extra year at 6th form.
Just had to order new electric blanket as this stopped working on one side already!!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 £4.8K updated 13/9/255 -
Just catching up.
Do you like pesto?
https://cookingonabootstrap.com/2013/10/11/nut-free-super-kale-pesto-15p/?amp=1I don't like kale either but got it in a veg box one time. I found this recipe and it's delicious! Good old Jack.Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
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That’s annoying about the electric blanket - can you return it? Or is it simply not worth the hassle?Debt Jan 2017 = £42kMay 2022 = £15k6
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