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Mortgage free in Forever Home :-)

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Comments

  • Can confirm that the little garden does not take up much time, physically anyway- thinking time is another matter!
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
  • Watty1
    Watty1 Posts: 7,366 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Another one with a long list of "shoulds" and a large garden.  I'm slowly trying to weed the front drive area just to make the house look less derelict but it is taking a long time as I only ever seem to do five mins at a time!
    Made it to mortgage free but what a muddle that became

    In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!
  • savingholmes
    savingholmes Posts: 29,089 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    KK - get a gardener at least some of the time - even if it is to do the initial clearance. Best decision ever to do that the last couple of years even on an adhoc basis it meant I could focus on the parts I enjoyed more (choosing the plants) and planting up pots... 
    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 10/10/25
  • phew ..... i was thinking a 13x 13 foot patch  ;) Enough for a table, chairs or a bench,  an awning , maybe a fruit tree and a couple tomato plants   and a bbq ...
    DON'T BUY STUFF (from Frugalwoods)
    No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff.    Money doesn’t walk out of your wallet on its own accord.
    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • Watty1
    Watty1 Posts: 7,366 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    KK - get a gardener at least some of the time - even if it is to do the initial clearance. Best decision ever to do that the last couple of years even on an adhoc basis it meant I could focus on the parts I enjoyed more (choosing the plants) and planting up pots... 
    I had a gardener for 3 days in December. The difference he made was incredible. The hedge was cut, the apple trees pruned and a general tidy up.   I actually felt I could manage after that but I have subsequently had a chat with him and one hedge is looking to think so we are going to underplant with dog rose (he can do that) the hedge between me and the neighbours needs a trim (he can do that) and the front border needs clearing (he can do that).  This might take him 2 days, it might take me the rest of the year!
    Made it to mortgage free but what a muddle that became

    In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!
  • redofromstart
    redofromstart Posts: 5,960 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 10 January 2024 at 6:59PM
    Third of an acre here, haven't been on top of it since I went back to work five days. @Cheery_Daff made me think about if I really want more when we move a while back. Mr Redo remains adamant but we want woodland not garden.

    when I went full time big money I got quotes on the garden. I paid for the unskilled blackberry shrub clearance, but not the £25/hour for the village gardener who could name less shrubs than I could. I'd rather pay a cleaner tbh. 

    I've found a veg plots worth of brown cardboard that I'd forgotten in the garage! It was being saved for motorcycle kneel stuff but it's mine now. The tub trugs of rain water will be rehydrating the £2.50 MrM reduced coir as soon as I skim the big weeds. The real giggle was mr Redo saying, ooh if you are into no dig have a look at this Charles Dowding chap...
  • skint_spice
    skint_spice Posts: 13,577 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 10 January 2024 at 8:51PM
    I hope the sensor change sorts out the issue for you.
    Mortgage OP 2025 £7550/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £34,196

    Money making challenge £78/400

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • South_coast
    South_coast Posts: 6,067 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    My sympathies with the band noise. I used to live an alleyway width from the practice room of a silver band. Two evenings a week I used to fly into a murderous rage every time I entered my own bathroom 😡
    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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