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2022 - Moving forward
Comments
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Well done on the PADAchieve 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 10/10/252 -
Thank yousavingholmes said:Well done on the PAD
"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 -
Another quiet day today, pottering around whilst watching the Jubilee Pageant. A couple of areas given a good clean - looks much better now. I've also checked on which charities are still doing postal donations and there are a few. It's handy for when I can't get in to town to drop stuff off, I can still get it out of the house and it can do some good.
I've identified a few things that I'm going to sneak out when no one's looking
I'll do it in stages, bag it up and move it and see if anyone misses them (I'm certain they won't!) and then after a while, get rid. It's stuff they've been given and never used, or bought on impulse and never used. Or it's stuff that the kids want to get rid of but DH thinks we should try and sell (it's not high value, so the time spent is not worthwhile, but he doesn't see that given that it's my time being wasted!).
I've done 6 listings as 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 McGee6 -
Good strategy ☺️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 10/10/254 -
Thank yousavingholmes said:Good strategy ☺️ "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 -
Today's PAD - £2Jan - £126Feb - £106Mar - £136Apr - £122May - £113June - £20"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
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So tired today! I did not want to get up. Another week of joy. However, only 4 days, hurrah. The novelty still hasn't worn off.
Hope everyone is 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 McGee5 -
I could get used to 4 day bank holidays! I also have Fridays off and I love it!
I am going to steal your PAD if thats ok - just paid £2.64 off of my CC 😊
Lets hope this week flies by!3 -
Oh it's lovely isn't it! 4 day weeks are in the news too, hopefully it will become the norm for many!BalanceBy50 said:I could get used to 4 day bank holidays! I also have Fridays off and I love it!
I am going to steal your PAD if thats ok - just paid £2.64 off of my CC 😊
Lets hope this week flies by!
Feel free to PAD too, lets all of us smash those debts!"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 -
I got a letter from the GP asking me to book in for another blood sugar level test. So I've got that tomorrow. I'm not convinced there will be any difference! My weight certainly isn't any better. I've made good progress with eating well, but certainly haven't reduced sugar enough.
Fingers crossed they can find a vein in the first instance!"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
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