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Mortgage free in Forever Home :-)

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Comments

  • My friend /neighbour lost his keys Dec 30th this year travelling back to London  - late on a Saturday eve - luckily I had just got back so he slept in my spare room on his blow up mattress he had left with me!
    Locks had to be changed and 3 days later his sister had found his keys in his identical black hoodie he had left there ... He had put on the wrong one ..!

    I know Mr KK defrosts the freezer at least  due to his hairdryer technique .. ;)

    I hope if you are wearing jeans to the barn dance you at least are wearing cowboy boots and a large stetson to wave around and distract when you forget the steps ...
    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
  • savingholmes
    savingholmes Posts: 29,089 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad you have good division of labour it helps. Irritating re the keys. I'm constantly losing stuff - they always turn up though.
    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
  • beanielou
    beanielou Posts: 96,896 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Great news on the PB’s. 
    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.
  • beanielou
    beanielou Posts: 96,896 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    I hope you find a way to make that work for you :)
    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.
  • That sounds very wise, if we don't have joy then what are we doing all the other stuff for

    Congrats on the PB win, £100 is a nice sum!
  • KajiKita
    KajiKita Posts: 8,613 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    beanielou said:
    I hope you find a way to make that work for you :)
    Me too. I suspect it needs to be approached as a gradual, incremental process ….


    As at 15.10.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £229,702
    - OPs to mortgage = £12,345 Estd. interest saved = £5,863 to date
    Fixed rate 3.85% ends October 2030

    Read 62 books of target 52 in 2025, as @ 4th November 
    Produce tracker: £426 of £300 in 2025

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • redofromstart
    redofromstart Posts: 5,963 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 2 February 2024 at 8:14PM
    I read your post and nodded all the way through. For me it has been about placing value on our time. If something doesn't exceed a criteria (for example: it it truly essential ( most cooking and cleaning), or an act of love for someone to whom it matters, does it pay minimum wage , does it get us closer to a goal (moving house), OR does it feel good ( crafts him and garden me)) what am I doing for? I stopped doing most surveys, overthinking our finances and ironing as a consequence. 
  • KajiKita
    KajiKita Posts: 8,613 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    That sounds very wise, if we don't have joy then what are we doing all the other stuff for

    Congrats on the PB win, £100 is a nice sum!
    Exactly!! I’m slipping in to my parents’ trap … 😉

    I read your post and nodded all the way through. For me it has been about placing value on our time. If something doesn't exceed a criteria (for example: it it truly essential ( most cooking and cleaning), or an act of love for someone to whom it matters, does it pay minimum wage , does it get us closer to a goal (moving house), OR does it feel good ( crafts him and garden me)) what am I doing for? I stopped doing most surveys, overthinking our finances and ironing as a consequence. 
    Well at least I never iron!! 😂😂😂😂
    Those are good ‘tests’ - thank you ☺️ 

    KK
    As at 15.10.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £229,702
    - OPs to mortgage = £12,345 Estd. interest saved = £5,863 to date
    Fixed rate 3.85% ends October 2030

    Read 62 books of target 52 in 2025, as @ 4th November 
    Produce tracker: £426 of £300 in 2025

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
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