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Getting FIREd up 😀

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  • South_coast
    South_coast Posts: 5,900 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Adrian Dunbar and Christopher Eccleston in Cracker....


    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!!!
  • 🤣🤣🤣 Just smile and nod and look suitably impressed!

    Even more randomly, I saw him in a Poirot just a couple of nights ago (maybe even last night 🤔), which was of a similar vintage!
    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: 28,986 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Congrats again @South_coast on being mortgage free - as you say you timed it well.
    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
  • So, having now watched a few episodes of Cracker, I have surmised that Professor T was a complete rip-off of it. I definitely prefer Cracker!
    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: 5,900 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    My credit card bill arrived today, telling me I spent £1244.23 in a month - that's £40/day on average 😱! Some very good reasons for it, and it hasn't put me in debt, but that's still an alarming figure 😮! 

    Sadly, knowing what I have spent so far in December, I think that may be worse....😳!
    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: 5,900 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Question: If I paid money into my credit card account so the account was in credit, would I be able to put through a transaction which was greater than my credit limit 🤔? I'm thinking yes, as it's a credit limit rather than a transaction limit?
    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!!!
  • Question: If I paid money into my credit card account so the account was in credit, would I be able to put through a transaction which was greater than my credit limit 🤔? I'm thinking yes, as it's a credit limit rather than a transaction limit?
    I know one of my cards doesn’t let you do that and specifically says the credit limit is the maximum transaction amount, but it seems like the kind of thing that is card dependent? I can’t imagine they’d all be like that 
    Debt at LBM (Dec 2018): £23,167
    Debt free Feb 2021
  • greenbee
    greenbee Posts: 17,853 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I manage our departmental credit cards for work (not something I signed up for or enjoy) - we have separate transaction and credit limits set (but then the credit limits are in the hundreds of thousands). I think you'll need to contact your card provider to ask them for a temporary uplift if you want to spend more than the credit limit. But it's worth asking them. 
  • South_coast
    South_coast Posts: 5,900 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Thanks both. I think maybe I'll just give it a whirl. Frustratingly, it's only about £15 more than the (stupidly low) limit. Now, if they would just lift the blanket ban they put in place on credit limit increases at the start of the pandemic....
    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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