We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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

1585961636479

Comments

  • killerpeaty
    killerpeaty Posts: 2,670 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I think having at least one day off fixed per week should be minimum. It gives you the ability to know how to schedule your time (whether or not you want to people). I know for a lot of jobs this isn't possible, at least at the moment it isn't. I'm sorry you're drained, hopefully you will feel better soon!
  • savingholmes
    savingholmes Posts: 29,112 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I agree with the others - I'd want a set day off - and absolutely wouldn't agree to giving up all seasonal holidays to suit those with young kids.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.3K Equity 36.55%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
    (If took bigger lump sum = 62K or 48.6%)
    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 £5.1K updated 14/11/25
  • South_coast
    South_coast Posts: 6,116 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Yep, definitely stay away from the water 🤣!
    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: 6,178 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Happy New Year 2024!

    Hope you had a chill & restful NYE!  We only just made it past midnight & are paying the price today 🤣🤣🤣  Copious amounts of coffee are being consumed!
    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 Date - Sept 2041 New projection - Jan 2040 (redcuced by 20 months)
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
  • 352.7K Banking & Borrowing
  • 253.8K Reduce Debt & Boost Income
  • 454.6K Spending & Discounts
  • 245.7K Work, Benefits & Business
  • 601.7K Mortgages, Homes & Bills
  • 177.7K Life & Family
  • 259.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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.