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Five Year Fix, Five Year Plan

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Comments

  • I'd start ringfencing the savings at the car savings fund till it does get to 'beyond economical repair' stage, we have had a few from the easily accessible place near the airport without problems but I've always had the funds and traded in rather than finance and private sale. 
    If it came to it and I didn't have the funds ringfenced, I'd drain the emergency fund to add to trade in value + whatever I had saved (and shuffle from elsewhere if necessary). Definitely not considering finance.

    You've stumped me with the easily accessible place near the airport though.
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £224,460.73
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
    Unread owned books Jan 2026: 256
    Undone crafts 2026: +1
  • redofromstart
    redofromstart Posts: 6,324
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
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    edited 19 December 2023 at 8:01PM
    Cryptic crossword time.
  • Motorway 🤔?
    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!!!
  • rtandon27
    rtandon27 Posts: 7,246
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
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    Merry Christmas MB 🎄🤶🎅 - Wishing you a very festive season!
    4 YEARS 10 MONTHS DEBT FREE!!! (24 OCT 2016)
    (With heartfelt thanks to those who have gone before us & their indubitable generosity.)
    ...and now I have a mortgage! (23 AUG 2021)
    Original End Date - Sept 2041 *** New projection - Jun 2040 (reduced by 1 years & 3 month)
  • savingholmes
    savingholmes Posts: 29,235
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Sorry you're not getting much of a break. Hope the time off that you do have helps.
    Achieve FIRE/Mortgage Neutrality
    1) MFW Nov 21 £202K now £165K Equity 38.88% 6/9/26
    2) £1.5K Net savings after CCs 29/8/26 (but owed £130) so £1.6K
    3) 47/82K @29/8/26 = 57.31% AVC Goal by mid 2028
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