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2022 - Moving forward
Comments
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Great news on the mortgage. Well done you.
Glad the nativity went well.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 10/10/251 -
Every month the interest rates go up, I am so grateful we fixed. We managed to do it at just the right time. The mortgage has 13 years left, so trying to knock 3 years off by the end of the fix. My debts will be there for years unless someone offers me a good F&FNeverendingDMP said:
That's good news about the overpayments. Especially as any increased ones now are more beneficial with regards to interest further down the line. Bet you are so relieved you got the fix. And nicely timed too it's paid off by the end. We have 14.5.years left on mortgage and hopefully 5 or 6 years left on debts. Nice to see an end in sight isn't itjwil said:I've redone my financial spreadsheet for the new year. Looking at my mortgage target spreadsheet, where I've calculated what my balance needs to be every day, I'm £89 over where I need to be to pay my mortgage off at the end of the 10 year fix. That's brilliant news and leaves me a bit of a buffer for when I'm skint.
Today I plan on catching up with the washing, cleaning and tidying through and just chilling. Looking forward to the weather getting milder again!
I will pay them off, but following advice to pay the highest interest first which is the mortgage 
"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee3 -
Thank yousavingholmes said:Great news on the mortgage. Well done you.
Glad the nativity went well.
"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee1 -
Today's PAD - £7 (survey cashout)
Jan - £126
Feb - £106
Mar - £136
Apr - £122
May - £113
June - £108
July - £177
August - £115
September - £92
October - £87
November - £80
December - £46
"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee1 -
I've just had my home insurance renewal and it's gone up over £100! 😱 I've done a quick search and I can get it for over £120 less so will be switching this year. It's ridiculous. We've never claimed in the whole time we've had a house.
I've cut little jwil and DH's hair this morning, and DH gave mine a trim as well.
Not much planned for today again."Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee4 -
Glad you got a cheaper quote. Can you get any cashback?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 10/10/251 -
I did go through a cashback site to get the quote. I haven't followed through yet as need to wait to payday. I might do some of the other sites as well beforehand.savingholmes said:Glad you got a cheaper quote. Can you get any cashback?"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee1 -
Another quiet day today. I could get used to this!
Just a bit of tidying again, and have done 5 listings for DH. I've relisted everything today as well. Christmas Day is usually a good day for sales, so hopefully we'll clear some stuff."Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee2 -
its ridiculous how much they put it up by, they are obviously hoping that we will be one of those people who forget and just auto renew. its the same with tv/phone contracts as well. infuriating!*Dad loan - £5300 - £7000
*Virgin Credit Card - £3552.50 - £0
*Natwest - £1828.35 -£0.00
Barclaycard - £2315.25 - £0.00
Creation Finance - £960.32 £780
*Total debt - £7780/£11641.17*
Savings
*Savings Buffer - £350/£1500
*Emergency Fund - £1500/£1500
New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/2 -
I was really annoyed. We have actually been with them a few years as each year when I've checked, there's been so little in it, it wasn't worth switching. It makes you wonder if they are taking advantage!Sarahwithlove said:its ridiculous how much they put it up by, they are obviously hoping that we will be one of those people who forget and just auto renew. its the same with tv/phone contracts as well. infuriating!"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee1
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