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Comments
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Well done on the frog 🐸 clearanceAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 £4.8K updated 13/9/252 -
Well done on tackling the frog, and how exciting that your trip is getting close."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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How exciting for you. Depending on where your trip is to, you might consider taking US dollars as well as some local currency, often you get a better local rate in country than in UK banks and often people prefer US$ even to local cash. Unless its commonwealth you tend to get significantly worse rates for ££££ and some local shops may not even take them at all. At least the ££ is slightly stronger than it was. May make the costs of two conversions worthwhile. There are plenty of on line services that are pretty competitive - certainly against the high st
All above advice is a little dated, but some things never changeI think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine3 -
Thanks @beanielou @MovingForwards @savingholmes @jwil @mark55man
@mark55man yes going the changing money twice route and USD is favoured so lots of that. I was asking best places to change money from £s into USD before I leave, but will look into that, probably not much in it?
Off to eat the legs off one frog and the head of another
If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them
Emergency fund 800/1000
Buffer fund 0/100
Debt Free (again) 25/0720254 -
Feeling very stressed!
Raised blood pressure with one financial and technical frog! Big, fat, hoppy fail on that one!
Research done for another financial frog.
Will need to eat 1 smaller frog before the main one can be tackled...
Another frog tackled. Blocked from completing as office is now closed. Will resume tomorrow...
Looking for a positive. And it is this: I'm glad my (little) pensions are DB. Fewer financial frogs to eat in later life, when no doubt my hatred of them will be greater!!
If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them
Emergency fund 800/1000
Buffer fund 0/100
Debt Free (again) 25/0720255 -
You will get good advice on the current cheapest rate/mechanism on the travel board (don't know its exact name) but I've used them a few times and if you are not in a rush its been reasonable - there are sometimes referrals and new customer incentives as well.
Good luckI think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine3 -
Well done on tackling the frogs, even if not always successful on the first go, you've made the effort."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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Good job on the frogs3
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That is a lot of frogs!I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.3 -
Good luck with the frog tacklingAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 £4.8K updated 13/9/252
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