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Five Year Fix, Five Year Plan

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Comments

  • Well done chin ;) The bulbs sound gorgeous

    I wouldnt swap my hairdresser for anyone and if you have found someone who knows how to make your crowning glory  even more fabulous - well she deserves her own savings pot!
    K18 might not work on your hair but is brilliant on mine and hasnt dried it out. Maybe then buy a small botlle of it - or share with a friend..

    DON'T BUY STUFF (from Frugalwoods)
    No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff.    Money doesn’t walk out of your wallet on its own accord.
    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Love the reduced chin treatment time counting as a saving. 

    You sound brighter.
    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 10/10/25
  • I'm  team silk bonnet and pineapple the curls on top of my head, but I think I'll try and get a pillow before next summer - bonnets work but they're hot as Hades.
    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
  • killerpeaty
    killerpeaty Posts: 2,663 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Honestly had no idea that bonnets would be hot! They always look so cool.
  • @killerpeaty I don't think it's the silk/satin per se, it's just that any hat will retain heat, and once you're in bed your head is the only place that isn't under the covers! Perfect for winter but horrible in summer.
    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
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