10 years to clear £334K - our FIRE journey

savingholmes

Glad you are feeling more under control again money wise.

CCW007

Upright freezer inventory done and we're focussed on using up.  Online food shop done for fresh stuff and cat food.

Home brew wine to be started tonight - definitely money saving   Fire lit, kettle warming up on top to use for cooking rice, every little helps.  Found a good deal on the cat litter we use which will save around £15 - went to order more but the deal has ended, glad I stocked up when I did.  Credit card spends definitely lower this month, being much more aware of spending.

CCW007

Reactivated my PA account and started doing surveys again.  OH gone to his office today (200 mile round trip) so expenses to come in from that.  Had a good haul on Olio at the weekend, we're alright for potatoes for a while and even managed to get some meat (for OH) for the freezer.

savingholmes

Great win on Olio.

CCW007

Yesterday was a NSD - woo hoo!  £9k moved to ISA so that is full now.  Boring time of the month where nothing much is happening. OH checked and his share save scheme which matures at the end of the year should bring in around £2.5k in January which will be good timing for getting the work done in the kitchen.  

Olio is not good for my weight - have been eating too much bread and too many pastries.  Weighed myself - ugh!  Need to get back to healthier eating, got everything I need in, just need to motivate myself.

CCW007

OH heard yesterday and he's not being made redundant - good news for us but feel so sorry for those who are at risk.  Hopefully they can be redeployed though.

£9.42 cashed out from PA - although it makes little sense, I'm going to OP this and any future earnings to the mortgage.  Psychologically I need to feel like I'm making inroads into the mortgage and seeing money offset isn't doing it.  It's taken a week to reach that amount so will be minimal amounts; although it would be more prudent to stick it into savings at 5.2% than pay off mortgage at 1.74%, I'll feel better doing it.

Hoping by the end of the month we'll get news about our pay award which was due in April 2023 - it should be back-dated and would mean around an extra £900 if paid in November.  Added to my incremental increase in April, I've worked out it should mean an extra £220 a month in my pay packet from April.  These things motivate me when work is getting me down and driving me mad! 

CCW007

I really shouldn't look at my SIPP and ISA at the moment  Not doing well.  I know it will recover but still...

South_coast

CCW007 said:

£9.42 cashed out from PA - although it makes little sense, I'm going to OP this and any future earnings to the mortgage.  Psychologically I need to feel like I'm making inroads into the mortgage and seeing money offset isn't doing it.  It's taken a week to reach that amount so will be minimal amounts; although it would be more prudent to stick it into savings at 5.2% than pay off mortgage at 1.74%, I'll feel better doing it.

When it's just small amounts like that, the interest really doesn't make much difference one way or the other, so do what makes you feel good 👍!

CCW007

Thanks South_coast - I know it logically but it's good to hear from someone else!

CCW007

Hmm, £10 a week over a year would be slightly more than one months interest payments on the mortgage - that sounds like a good target!

From 16th October 2023: £9.42 / £520