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£80,000 in 4 years

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  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Thank you MMP and the madvix .I just hope i can keep it up ,trying to stay positive is difficult with all thats going on around us 
  • savingholmes
    savingholmes Posts: 28,932 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You are motoring along well done. New job sounds good.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Thank you savingholmes .Yes i am excited 
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Well week 10 is over and i have had to work so ,so hard to squeeze every single peny out to reach £175.20 just unbelievable that i have made it ,i sold something for £6 this evening very cheaply just to get to that total phew! Hopefully next week will not be so hard ...Total over ten weeks £1758.62  

    Total MC £175.20 
    Total Mortgage O/P £300.This week
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Week 11 has begun ,hopefully it wont be quite as hard going as last week .So far nothing in the MC but seven days to go ,to keep to my target i need to average twenty five pounds a day so a big ask !

    £100 has gone into mortgage OPs .

    Now off to collect some Olio mainly bread plus some vegetables ,these definitely help to keep the food budget down
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Week eleven and i have paid in two hundred pounds today making three hundred in this week which means i have paid off £4000 since the first of January , i am really pleased with thaat 

    MC .Only £13 so far this week ,it looks like its going to be a hard week again !

    Food budget all good .,i only spent ten pounds over the weekend and hopefully nothing to buy until tomorrow
  • That is amazing work! Well done!
  • Martas
    Martas Posts: 36 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    I really love that you broke your timeline into weeks, I think weekly payments would be very motivating and help to stay on course. I almost reached my 10% limit but when I get a new limit at the end of June, I'm going to steal this idea from you.


    We took £83795 mortgage in June 2018
    Left to pay on mortgage: £51821.20
    Original end date: June 2037
    Now: September 2033
    Target: pay off by December 2025
    Mortgage Free Wannabe 2022 #90 £13000/£11000
    Mortgage Free Wannabe 2023 #42 £999/£13000 no overpayments until 20.06.2023 when my overpayment allowance renews
    MFi3-T6 #42 January 2022 £70915, to reduce mortgage to £17000 by January 2025
    Love people and use things because the opposite never works
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Thank you Aimingforthegoodlife

    And thank you too Martas..I find it works very well as you are constantly rewarded with the numbers ,also you can set yourself a target each week to either pay off or save then work on those numbers every day ,its easier of course as i dont work so i have a lot of time to list ,buy ,sell ,shop do surveys etc ,its all very time consuming this money making /saving busness but if you can set yourself a daily target it becomes much easier and i like to treat it a bit like a game
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Wednesday morning and i am at £92.18 so far this week and am hoping to add a little extra in from the food budget if i can get through to friday evening on less than £40 ..I have been eating up things from the freezer and cupboards and topping up with Olio so fingers crossed i may be able to save between ten and twenty pounds this week to add to the MC .

    More listing today ,it gets very boring especially having to list on multiple sites but it definitely pays off
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