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Getting FIREd up 😀

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Comments

  • South_coast
    South_coast Posts: 6,014 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    First of the month round-up....
    (Last month's percentages in brackets)

    Pensions: 73.6% (73.1%)
    ISA: 3.3% (3.0%)
    LISA: 23.2% (23.2%)
    Cash for retirement: 0% (0%)
    Cash for refurb: 8.6% (5.8%)

    Well, at least the things I've paid into have actually gone up this month 🤣!
    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!!!
  • Jessy103
    Jessy103 Posts: 2,402 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    Good progress SC 🙂
    Mortgage Balance as of September 2025 £11,700
    Starting Mortgage Balance (June 2019) £72,000.
    Aiming to be mortgage free by my 40th birthday, June 2026!
  • South_coast
    South_coast Posts: 6,014 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Thank you 😀
    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!!!
  • savingholmes
    savingholmes Posts: 29,087 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great progress. I feel you on the pensions side of things... It's that dilemma isn't it of you never know when the market will hit bottom and start rising again - so you have to keep feeding £ in and hope you are buying when it's all on sale!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    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 £5K updated 10/10/25
  • I'm sure you'll appreciate that credit balance in the future SC! In a highly optimistic future, bills drop back to historic norms, state assistance is removed, you adjust your DD accordingly and coast along on the built up credit for a while. In a more likely future, bills remain eye-wateringly high, state assistance is removed, you manage with a normal DD for a few months by eating into the credit balance...
  • South_coast
    South_coast Posts: 6,014 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Thanks SSS, it just feels bonkers that bills are the highest they've ever been and I'm building up a credit balance every month 🤷‍♀️
    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!!!
  • QueenJess
    QueenJess Posts: 4,615 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Our local garden centre had all the Xmas decorations out in September. It’s ridiculous.

    I thought the unwritten rule was always that you can’t get any Xmas stuff out until after fireworks night when I was a child.
    2025 decluttering: 5,256 🌟🥉🌟💐🏅🏅🌟🥈🏅🌟🏅💐💎🌟🏅🏆🌟🏅🌟🌟
    2025 use up challenge: 406🥉🥈🥇💎🏆
    Big kitchen declutter challenge 137/150
    2025 decluttering goals I Use up Challenge: 🥉365 🥈750 🥇1,000 💎2,000 🏆 3,000 👑 8,000 I 🥉12 🥈26 🥇52 💎 100 🏆 250 👑 500
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