10 years to clear £334K - our FIRE journey

savingholmes

what I owe the world

CCW007

@KajiKita as @savingholmes says (thank you!) it's What I Owe The World = mortgage + credit card stoozes - savings.  As I am getting higher interest rates on savings than my mortgage rate I am not overpaying currently so it helps me to track progress. 

CCW007

Mortgage value - £317,884.30

WIOTW - £278,976.68 - reduction £2,023.32

Target to reduce by end of year - £18,976.68 or £2,710.95 per month

Projected by end of June - £276,100

CCW007

Have applied for another BT card but waiting on decision for some reason.  0% no fee for 16 months.  If accepted this will potentially allow me to clear a stooze which ends in two months and BT payment on my next two months spending card (depending on credit limit) so I can stick the cash into savings.  My one year fix ISA matures in September so I will then open a new ISA and transfer in my current ISA balance along with whatever other cash we have at the time - hoping to max it out.

Unexpected £400 spend from bank account this week which will impact my current figure so end of June now projected to be £276,500.  Need to find motivation to list stuff to sell to make back the shortfall! 

Plenty of food in so just a small top up shop needed this week but they still seem to cost a fortune

savingholmes

Good luck with listing. 

I feel you on food prices.

CCW007

Two steps forward - latest electric bill is £192 so have achieved my aim to reduce to under £200.  10% reduction in usage (central heating pump not on, plus a general reduction as well) plus shifting use to off-peak, average cost per kWh is less than 20p.

One step back - OH has bought another project car (although TBF a lot of the project will be down to the garage he has bought it from but that will also cost £££). 

We have three cars to sell in the near future which will more than off-set the cost of the new car but in practise these things take soooo long.  One car is cabrio and needs roof fixing (thought it was fixed but still got some issues), second car needs a new sensor fitting by OH and exhaust bracket fixing by garage (cheap job but needs to be booked in) and final car is needed for a road trip next month which will hopefully drum up some interest and can then be sold.

In case I haven't mentioned, OH is Compulsive Car Collector (CCC).
 
Ho hum, sun is shining.  (on all the cars).

Was accepted for new card, need to set up online banking then sort out balance transfers within first 60 days.  No fee, 0% for 16 months, chuck the money in an instant access until my cash ISA matures later this year then open a new ISA with whatever I can scrape together and transfer in current ISA. 

South_coast

I should look again at stoozing now that earning interest is a thing again. I might do that today, actually - much more interesting than what I had intended to do!

KajiKita

South_coast said:

I should look again at stoozing now that earning interest is a thing again. I might do that today, actually - much more interesting than what I had intended to do!

Are there any BT cards that don’t charge balance transfer fees?

KK

CCW007

The one I applied for was HSBC - no fee and no interest for 16 months, Natwest have one with no fee and 0% interest for 19 months.

Well, my long to do list didn't get finished but I have chipped away at a few things.  I have a bad habit of looking at everything that needs to be done and thinking "I'll never manage all of that" and get myself into a negative mindset so have been trying just to achieve what I can and recognise that.

Have been making homebrew wine which has finished fermenting so need to complete the final stages before bottling.  Job for this evening (after Olio collection a bit later).

Randomly we spent some time checking our "special" coins to see if any would make us rich - sadly not but we have over £100 at face value if we are ever completely skint and probably £250 - £300 if we ever need to sell and can find buyers.  

South_coast

Thanks for the prompt on stoozing - two new purchases cards approved to start off my journey 👍

I hear you on the to-do lists. Mine always start off nice and specific and achievable, then I fall into the trap of making a ridiculous generic statement like (at work) "answer all emails" and doom myself to failure 🤦‍♀️!