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10 years to clear £334K - our FIRE journey
Comments
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Much sympathy on the SORN charges, kind of thing we doMy mortgage free diary: +++ Divide by Cucumber Error. Please reinstall universe and reboot+++
GNU Mr Redo1 -
Feels a bit "take with one hand, give with the other". Ah well, not the end of the world, thanks for the sympathy 🙂redofromstart said:Much sympathy on the SORN charges, kind of thing we do1 -
Well done on the money making endeavours. Sound irritating on the car tax but as you say it is what it is. I still need to update my details. Need to find the log book first!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 13/9/251 -
savingholmes said:
We've lost a log book - we know it's in our name as we get the tax reminders but really don't want to pay £25 to replace it.Well done on the money making endeavours. Sound irritating on the car tax but as you say it is what it is. I still need to update my details. Need to find the log book first!
Another cheeky fiver cashed out from PA = £290 / £520.
£164 interest added to my cash ISA = £158 to find to be cost neutral next month, it's coming down!
OH cash ISA will mature middle of next next month which will add around £800 interest to the pot.3 -
You are doing great on getting to cost neutral. How lovely to on the RS maturing.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 13/9/251 -
Thanks SH!
I forgot we had put an insurance claim in for our dog's vet treatment recently which is being paid out meaning another £232 in the pot so we are now forecast to be +£77 next month. Hopefully we can improve on this a bit more!
Cashed out from PA meaning OPs are at £300 / £520 target.4 -
You're making this look too easy 🤣!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!!!3 -
Fantastic on the vet £ back. You are doing really well.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 13/9/252 -
Ha ha south_coast, I wish! Thanks SH.
We had a problem with the plastering and the plasterer had to come back to remove and redo a section. I wondered if he would charge us as he was here for 3/4 hours but no bill so far. The section he's done looks awful but I'm hoping it will be okay when painted.
This weekend I need to start mist coating the ceiling and walls.which are dry.
The kitchen company are sending another fitter on Monday as the first one was too far away (1.5 hours drive each way).
And I've found a tile fitter who has done underfloor heating under limestone tiles which is what we want so he's coming on Wednesday to quote.
So some progress, was feeling. Bit overwhelmed and panicked by what's left to do but feeling better now we have organised and chosen etc3 -
I can so relate on the overwhelm and panic. Hope it's subsiding for you now. Best of luck with it all. Sounds like a lot to do but will make a huge difference once done.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 13/9/253
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