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Mortgage free by 2025

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  • Mickyh-s
    Mickyh-s Posts: 287 Forumite
    Seventh Anniversary 100 Posts Photogenic Name Dropper
    Thank you @savingholmes and @greent. Lot's of people in far worse situations than us so staying positive and smashing whatever is thrown at us! 

    Money from car boot is hopefully going towards a meal out with friends later in the month and DS needs some trousers for FIL funeral as he only has jeans @greent
    Mortgage balance as of 21.7.21 - £75,766. (7 yr mortgage on 2 yr fix of 1.32%)Mortgage balance as of 20.8.22 - £58,445.08o/p 2021/2022 = £6,313/£7,500o/p so far 2022/2023 = £5,997/£5,997 Goal 1 - to be under 60k by 20.7.22✔️Goal 2 - to op 10% of mortg by 31.12.22✔️Goal 3 - to pay off mortgage by 7.1.2023 (Subject to sale of btl property)✔️Goal 4 - to pay off cc by end of Jan 2023 - £260.64/£1500Goal 5 - to pay off car loan by 31.8.23 - £1722.39/£10,000
  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    There are so many demands on £ currently aren't there. I can remember once struggling as I needed jeans for Genes day - and just though people have no idea how things like that can wreck your finances. I'm grateful I'm not in that position now.

    Well done on creating extra £ so you can still enjoy life as you go along - and buy essentials. I do love guilt free spends...
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    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 29/7/25
  • Mickyh-s
    Mickyh-s Posts: 287 Forumite
    Seventh Anniversary 100 Posts Photogenic Name Dropper
    Yey!, it's the weekend and I made it to Friday without spending any money and without being tempted by the N3xt sale. going to attempt ns Mon - Fri next week again. 

    We have a busy weekend and the mercury is rising. Friends over for a barbeque tomorrow so need to clean, prepare and nip to the shops to get a few bits and pack the car up ready for the car boot on Sunday.  It will be good to get car boot stuff out of the spare room as it's been gathering in there for a few months now.


    Mortgage balance as of 21.7.21 - £75,766. (7 yr mortgage on 2 yr fix of 1.32%)Mortgage balance as of 20.8.22 - £58,445.08o/p 2021/2022 = £6,313/£7,500o/p so far 2022/2023 = £5,997/£5,997 Goal 1 - to be under 60k by 20.7.22✔️Goal 2 - to op 10% of mortg by 31.12.22✔️Goal 3 - to pay off mortgage by 7.1.2023 (Subject to sale of btl property)✔️Goal 4 - to pay off cc by end of Jan 2023 - £260.64/£1500Goal 5 - to pay off car loan by 31.8.23 - £1722.39/£10,000
  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Best of luck for the car boot and have fun with your friends.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    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 29/7/25
  • Mickyh-s
    Mickyh-s Posts: 287 Forumite
    Seventh Anniversary 100 Posts Photogenic Name Dropper
    edited 11 July 2022 at 9:25AM
    We did a successful car boot today. It was very warm and I really didn't want to get up this morning after a barbeque with friends last night which finished late. But a profit of £140 made it worth it. The money will go to something for my son to wear to fil's funeral on Wednesday and I have a meal out with friends next week. Also, dh got a new inner tube for his bike using some if the money and there will still be a little left over. 

    Great barbeque last night with friends - just what we needed. Yesterday daytime was spent shopping, prepping, cleaning, cooking, tidying garden, cleaning bbq and garden furniture...I was shattered before our guests even arrived! 😂

    It's been a busy weekend. It's a shame I have to go to work tomorrow. Forecast is hot, hot for the next 10 days here in Cambs.

    Enjoy the sunshine!
    Mortgage balance as of 21.7.21 - £75,766. (7 yr mortgage on 2 yr fix of 1.32%)Mortgage balance as of 20.8.22 - £58,445.08o/p 2021/2022 = £6,313/£7,500o/p so far 2022/2023 = £5,997/£5,997 Goal 1 - to be under 60k by 20.7.22✔️Goal 2 - to op 10% of mortg by 31.12.22✔️Goal 3 - to pay off mortgage by 7.1.2023 (Subject to sale of btl property)✔️Goal 4 - to pay off cc by end of Jan 2023 - £260.64/£1500Goal 5 - to pay off car loan by 31.8.23 - £1722.39/£10,000
  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    £140 is brilliant. I only made about £30 at my one and only sale
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    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 29/7/25
  • greent
    greent Posts: 10,800 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great result from the carboot! 👏
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    Net sales 2024: £20
  • Mickyh-s
    Mickyh-s Posts: 287 Forumite
    Seventh Anniversary 100 Posts Photogenic Name Dropper
    Thanks @greent @savingholmes I am a car boot expert! 

    My dad has given me cherries and courgette flowers this week and I am using up food I bought for the barbeque last weekend (I always buy too much!).

    We are away for the night on Saturday to see MIL as it's her 80th on Saturday. Hotel was paid for ages ago and so was the gift. DH will pay petrol and meal out which he has already budgeted for. The dog will go to kennels overnight and funds for that will come out of the money made at the car boot last Sunday.  Doing my best not to spend any more this week and have just over a week to go until payday.

    It's hotting up again Sunday, Monday and Tuesday. There is talk at work of only working a half day on those days which will be nice as we don't have air conditioning! (old victorian building).

    Mortgage balance as of 21.7.21 - £75,766. (7 yr mortgage on 2 yr fix of 1.32%)Mortgage balance as of 20.8.22 - £58,445.08o/p 2021/2022 = £6,313/£7,500o/p so far 2022/2023 = £5,997/£5,997 Goal 1 - to be under 60k by 20.7.22✔️Goal 2 - to op 10% of mortg by 31.12.22✔️Goal 3 - to pay off mortgage by 7.1.2023 (Subject to sale of btl property)✔️Goal 4 - to pay off cc by end of Jan 2023 - £260.64/£1500Goal 5 - to pay off car loan by 31.8.23 - £1722.39/£10,000
  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hope you have a good time away.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    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 29/7/25
  • Mickyh-s
    Mickyh-s Posts: 287 Forumite
    Seventh Anniversary 100 Posts Photogenic Name Dropper
    Night away to see MIL for her 80th was all good. Her partner paid for the meal which was nice and unexpected so we only had to pay for ours and their drinks. The journey down south there and back were not too bad in the heat and not too much traffic either.

    Doing ns until payday next Monday. We have plenty of fuel, food and a quiet weekend planned. We were invited for a barbeque to my nephew's house last night. DH helped him with his house purchase and did his mortgage for him and he wanted to thank us. It was nice to not have to cook and to see him all grown up with his own house - proud aunt!! 

    It's very warm here in Cambs. I'm leaving work in a bit but not entirely sure what I'm going to do in this heat once home other than lay on my bed with the fan on in my underwear!!!
    Mortgage balance as of 21.7.21 - £75,766. (7 yr mortgage on 2 yr fix of 1.32%)Mortgage balance as of 20.8.22 - £58,445.08o/p 2021/2022 = £6,313/£7,500o/p so far 2022/2023 = £5,997/£5,997 Goal 1 - to be under 60k by 20.7.22✔️Goal 2 - to op 10% of mortg by 31.12.22✔️Goal 3 - to pay off mortgage by 7.1.2023 (Subject to sale of btl property)✔️Goal 4 - to pay off cc by end of Jan 2023 - £260.64/£1500Goal 5 - to pay off car loan by 31.8.23 - £1722.39/£10,000
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