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Debt and Caring
Comments
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Glad that you have a financial reprieve. Good if you can last a few months.
What would it take to make the flat more liveable?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 10/10/252 -
You've been through a lot recently and these changes are going to take time for anyone to cope, let alone someone who is having to deal with grief. So use the money however is going to best help you mentally and physically without any guilt.*Dad loan - £5300 - £7200
*Virgin Credit Card - £3552.50 - £0
*Natwest - £1828.35 -£0.00
Barclaycard - £2315.25 - £0.00
Creation Finance - £960.32 £840
*Total debt - £8040/£11641.17*
Savings
*Savings Buffer - £100/£1500
*Emergency Fund - £1500/£1500
New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/3 -
I have contacted an architectural designer who will consult and hopefully not !!!!!! off when I mention small budget and take lots of time.
Phase 1 is to establish what it will cost to bring it up to be a blank canvas, with proper insulation etc2 -
That sounds like a really good use of your inheritance. I'm sorry again for your loss.
Before you spend this money on getting things going with your home though, have you checked with yourself in all moods that you definitely want to live in this property and in this area for the foreseeable? Don't feel you need to be super productive mse-wise to honour your Dad. That sum can go in a decent interest account you don't otherwise use while you continue adjusting (very well!) to this new phase of life x
https://forums.moneysavingexpert.com/discussion/6466032/an-in-between-phase
Books read 2025: 59
Hey! Use my code GW7II3 on Eureka Surveys and unlock a short 80p survey just for signing up! https://eurekasurveys.page.link/do9nSyy8u4nikx6r62 -
It's great you have some extra cash to last you a while. May I suggest perhaps paying off more of the bike? Or something for the garden to remember your Dad by, as you did with the garden in Ireland?
The meeting sounds very interesting. I think one of the things with neurodiversity is that well, diversity is diverse. As in, it looks different in different people. At a very simple level, one person needs silence, another needs noise. We won't necessarily be on the same wavelength as others, but might have some similar experiences or insights.
Good to have people to share your experiences with.I think a bit of sunshine is good for frugal living. (Cranky40)
The sun's been out and I think I’m solar powered (Onebrokelady)
Fashion on the Ration 2025: Fabric 2, men's socks 3, Duvet 7.5, 2 t-shirts 10, men's socks 3, uniform top 0, hat 0, shoes 5 = 30.5/68
2024: Trainers 5, dress 7, slippers 5, 2 prs socks (gift) 2, 3 prs white socks 3, t-shirts x 2 10, 6 prs socks: mostly gifts 6, duvet set 7.5 = 45.5/68 coupons
20.5 coupons used in 2020. 62.5 used in 2021. 94.5 remaining as of 21/3/221 -
Whatever the money decision will be will be. I am back in emergency mode as Very Very Small One has been admitted to hospital with breathing problems. I am looking after Small One and have already had an adventurous morning.
3 -
I hope all is going as well as it can and the rest of the family will soon be home with better news. It must be a significant help for the parents to have you to take care of small one.I think a bit of sunshine is good for frugal living. (Cranky40)
The sun's been out and I think I’m solar powered (Onebrokelady)
Fashion on the Ration 2025: Fabric 2, men's socks 3, Duvet 7.5, 2 t-shirts 10, men's socks 3, uniform top 0, hat 0, shoes 5 = 30.5/68
2024: Trainers 5, dress 7, slippers 5, 2 prs socks (gift) 2, 3 prs white socks 3, t-shirts x 2 10, 6 prs socks: mostly gifts 6, duvet set 7.5 = 45.5/68 coupons
20.5 coupons used in 2020. 62.5 used in 2021. 94.5 remaining as of 21/3/222 -
Have been to see Very Very Small One who was Very Angry at being denied second lunch. This despite having a tube up his nose.
He is a proper hobbit 🤣🤣🤣
Bit of a black hole today money wise with buses and buying a giant bag of snacks for the stuck in hospital folk. Had to keep reminding myself it's not the time for penny pinching. Willpower after 4 hours sleep 🤷
2 -
I hope the littlie recovers quickly. Sounds a difficult time for everyone. Send positive vibes your way.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 10/10/250 -
That's really good that you have in mind about whether things merit spending on so you can make the choice that in a particular situation they do!
Glad that VVSO is after more grub, always a good signhttps://forums.moneysavingexpert.com/discussion/6466032/an-in-between-phase
Books read 2025: 59
Hey! Use my code GW7II3 on Eureka Surveys and unlock a short 80p survey just for signing up! https://eurekasurveys.page.link/do9nSyy8u4nikx6r62
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