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Getting FIREd up 😀

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Comments

  • Jessy103
    Jessy103 Posts: 2,835
    Tenth Anniversary 1,000 Posts Mortgage-free Glee! Name Dropper
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    How mysterious about this "other thing"! I'm now imagining you going round the country buying DVDs and props of all the detective dramas and then having a room at home full of Midsomar Murders and Murder She Wrote etc memorabilia! 😂😂😂

    I do like the £50 thing too and that's what I will be doing with premium bonds.
    I've been mortgage free once, so let's do it again!
    Starting balance March 26 £191,274.53
  • South_coast
    South_coast Posts: 6,714
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
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    Guys, if "the other thing" was exciting like that I would definitely not have held off for so long before mentioning it 🤣!

    I have, however, just re-named the account again to "My next £50". Even better 😀😀😀😀😀!!!
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • South_coast
    South_coast Posts: 6,714
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
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    So I've been doing some sums since last week's pondering and totted up a new "money for retirement" figure, plus added Tranches 1, 2 and 3 of "the other thing", plus added the refurb budget on top (and I've increased this last one a bit, as the cost of all materials etc has gone up since I did my finger in the air estimate a few years ago). I'm quite encouraged to see I already have 23.1% of that total figure 😀!

    Then I've plugged all that into a spreadsheet (I'm getting into them now 🤣!), added in my monthly savings amount and deducted the The Present things I save for every year (car maintenance, holidays etc) to see how much is going towards The Future every year and how many years I am away from hitting the total….

    ….So, as of the 01/05 figures, I have 13.99102995 years to go (I need to get onto my laptop to amend those decimal places - can't work out how to do it on my phone, but two is plenty 🤣!)

    ….This is very exciting! It doesn't look like "the other thing" will derail me as much as I had thought, and with these figures not accounting for anything like Govt bonuses on the LISA, pay rises, investment gains, my additional £50s etc, I can hopefully improve on this! (Which is good, as it doesn't allow too much for holidays) I am indeed getting FIREd up again - woohoo 😀😀😀!!!

    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • Cornish_mum
    Cornish_mum Posts: 675
    Seventh Anniversary 500 Posts
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    Brilliant 🤩 that’s super exciting CM
  • South_coast
    South_coast Posts: 6,714
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
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    Thanks CM, keep thinking I have worked it out wrong 🤔! However, I have faith that the spreadsheet is probably better at maths than me, so it's probably right!
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • ruby_eskimo
    ruby_eskimo Posts: 4,863
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    All these plans sound super exciting SC, especially seeing how far away you may / could be from retirement.  I think I need to try and sit down and work that out too as I have way too many years ahead until official retirement!
    Emergency Fund - £8572.39 / £10,000 :: Mortgage OP 2026 -£35,000 £
    LISA 26/27 - £1767 / £4000 :: NSD 2026 - 3 / 150 :: Books Read: 48 / 52 :: Decluttering - 1 / 365
    Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 2017
  • South_coast
    South_coast Posts: 6,714
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Forumite
    I've just done the same survey about hitting animals when driving for a THIRD time on One Poll 🤷‍♀️🤷‍♀️🤷‍♀️
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • edinburgher
    edinburgher Posts: 14,749
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    Maybe pull over? :D
  • South_coast
    South_coast Posts: 6,714
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Forumite
    Very good 🤣🤣🤣
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • South_coast
    South_coast Posts: 6,714
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Forumite
    OMG, I've just had the same one another two times on the trot 🤦‍♀️



    Five times now, and they've still not corrected the spelling of "animals" 🤦‍♀️🤦‍♀️🤦‍♀️
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
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