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Getting FIREd up 😀
Comments
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I remember when the LISA came out, a friend told us (her friends) that she had done the maths and decided that LISA would be better for her than a pension (self employed). We were like "great, what did you invest in?" "A LISA". She didn't know that she would need to invest and we have never managed to convince her.
So I can see that being confused is normal, but someone really should be checking those questions!3 -
wow some of your surveys are not written by v educated researchers .. obviously expensive salad, sushi or steakDON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest3 -
I would be the wandering aunt who flies in and outSouth_coast said:Oh, I love the idea of the MFW family 🥰🥰🥰!
* Scuttles off to ponder what my role in the family is *
DON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest3 -
I kind of get what that question is meant to be asking, in would you be more willing to a) invest in an S&S ISA or b) save into a cash ISA, but the grammar and wording is terrible and it clearly wasn't proofread.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 20254 -
Yep, that's 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!!!2 -
Not offputting enough to stop me doing it though, obvs 😀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!!!2 -
At least it provides entertainment along with the paltry recompense for your time!Mortgage free 16/06/2023! £132,500 cleared in 11 years, 3 months and 7 days
'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway3 -
Yes, my diary would be a lot quieter without it 🤣!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!!!4 -
Unusually bountiful evening on Prolific last night, got £7.09 in the space of 3 hours. Not sure why, perhaps all the cool kids were out on the Friday night tiles and there wasn't much competition for the slots 🤔🤷♀️ I'll take it though!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!!!4 -
Hi @South_coast and thread friends, I was going to say hello anyway after randomly coming across your diary and thoroughly enjoying it-killerpeaty said:I remember when the LISA came out, a friend told us (her friends) that she had done the maths and decided that LISA would be better for her than a pension (self employed). We were like "great, what did you invest in?" "A LISA". She didn't know that she would need to invest and we have never managed to convince her.
So I can see that being confused is normal, but someone really should be checking those questions!
and then saw this very pertinent post from @killerpeaty!
I've just been wondering on my own diary if I should be putting money into my S&S LISA as I have no idea about investing at all. Could you please explain like I'm very stupid what your friend should have been doing?!
No worries if it's too arduous, I don't have any money anyway so I don't expect it'll end up mattering a great deal what I do 😁
But many congratulations @South_coast on being mortgage free, that's a lovely thing to hear and a great achievement3
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