📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Five Year Fix, Five Year Plan

Options
1434446484974

Comments

  • Merlin's_Beard
    Merlin's_Beard Posts: 1,483 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    edited 14 August 2023 at 8:36PM
    Sadly I would not find the thing I was referring to. I would hate to send you a link to somewhere dodgy.

    We were told that the cats need to be 3 weeks (maybe) from their last heat to get the op, but they're always on heat again. I don't get much say in it as I work the longest hours so that kind of thing is for the others. One of the cats likes to lick mum's hair though, it's very cute.
    It might be worth double checking with your vet about that number because cats tend to have three week cycles, as you've noticed!

     @ArbitraryRandom eggs in many baskets definitely makes sense, I just haven't figured out how to do it yet! (or rather, I had figured out how to do it and then circumstances changed and then I hadn't)

     Kale has all pretty much been eaten by caterpillars, who are still populating the skeletal remains like the Lion King hyenas in the elephant graveyard. Will need to complete a small massacre tomorrow in the hope the kale can regrow.
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I think you are doing the right thing Merlin with the pension option. There are lots of utubes explaining the difference between tax relief at source and the growth you get vs tax free money later. If you are lucky you will get a tax free lump sum and have some of the best of both worlds.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • Quiet part of the month financially. Bought a lot of "organic soil improver" (manure, let's be honest) and spent yesterday weeding the garden and mulching it. Still got a bit to go but the back of the car was sinking under the weight so didn't dare buy more.

    Petrol spends are high this month, but in aid of visiting friends for a gathering last weekend, so worth it. I'm never good at gatherings of people and I hardly knew anyone there, two massive points of anxiety, but I managed to have a good time.

    Going to lunch with family today, but trying to squeeze in the end of the football (not normally my thing at all but for history....)
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on the garden and the socialising 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hibernation is valid. You've also had some busy social stuff recently so don't be too hard on yourself.

    My first garden was a yard that was about the size of a bathroom. I bought a huge octagonal pot that I still have now and planted a fatsia in it and busy lizzies... that was decades ago. You definitely get less scared of the garden over time if you give it a go.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.