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Five Year Fix, Five Year Plan
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Hello from me too.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 29/7/251 -
and me
Hope all is well
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#latest2 -
Ooh, yes, and me! 👋 😊
KKAs at 15.07.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £233,521
- OPs to mortgage = £11,816 Interest saved £5,28 to date
Fixed rate 3.85% ends January 2030
Read 41 books of target 52 in 2025, as @ 9th August
Produce tracker: £272 of £300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.2 -
Looong overdue update from me, thanks to all that checked in!
Work has essentially been wildly overwhelming to the point where I am, frankly, struggling. So from September I will be cutting a few hours at least, in the hope that it helps me to keep my head sort of above water instead of constantly drowning.
(A quarter of the workforce left in a six month period, and we've replaced very qualified capable staff with trainees, and we're expected to compensate AND train AND maintain the same output and it's a lot. I am also keeping an eye out for a new job but obviously that's not a guarantee and the cut hours are. I'm also paid well enough here that cut hours here might be the same pay as full hours elsewhere, but I still think I'd cope with reasonable full hours over crazy slightly shortened ones.)
But! I have paid off my student loan this week! This gives me an extra £300 a month that I can spend on not working. It's a little bittersweet - I had all these plans for how I could use that money for this (mortgage), or for that (saving for a new car), or the other (house stuff), but at the end of the day mental health is probably a better call than those to 'spend' the money on.
(I'm also attending counselling at £50 every two weeks with a counsellor who has a special interest in autism - which I think is a huge part of me not coping with the chaos of work - but again, I'm hoping it helps and is worthwhile. And it's persuaded me to cut my hours, at least.)
House stuff trundles along -
- the kitchen is more or less how I want it, with extra cupboards.
- The garden is only short of a shed now, and the money is set aside - I just need the energy to go find one. It's starting to be the oasis of calm that I want it to be, if you ignore the caterpillar-ravaged brassicas (I should have netted them I didn't)
- the loft has been boarded!
- next step is sorting out the main bedroom, fitted wardrobes etc. Still haven't made a decision about whether to move the bed from the spare room into the main room (and maybe have a sofabed in there and make it a little craft/hobby space), or just to keep it as a full spare room and get a new bed.
Social stuff continues to be a challenge, but again, pinning some hopes in reducing hours in giving me a bit more oomph on that.
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 20257 -
Yaaay! 😊👏🤩🎊🎉😎 You’re back 😊
Sorry work is so tough … I was wondering …
Sounds like you are developing good strategies to deal with it though. Shame I can’t get you a job in our local vets - it’s an independent one and they seem lovely …HUGE congratulations on paying off the student loan 😊👏 I know you wanted to do something else with this freed up money but for now it’s good to have that buffer. It might not be for ever 🤷♀️😊
Sounds like the house is coming on well too. Are you pleased with how the garden is coming on?
KKAs at 15.07.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £233,521
- OPs to mortgage = £11,816 Interest saved £5,28 to date
Fixed rate 3.85% ends January 2030
Read 41 books of target 52 in 2025, as @ 9th August
Produce tracker: £272 of £300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.4 -
Haha I think part of our issue is that we ARE the lovely local independent vets, so we're bursting at the seams with too many clients and too many pets to ever let up and registering more people each week.
The garden is beautiful! Got lots of roses and hollyhocks blooming at the minute, and plenty of insects buzzing around the various plants as well as some birds at the birdfeeder. In the end I'm SO glad I only have a small garden because at no point over the last year has it felt like it was so overwhelming a task I couldn't look after it, and it could have happened quite easily several times over.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 20255 -
Ah, that would explain it … 😉😊
The garden sounds lovely ☺️ Any chance of some pictures? 😊 I think small gardens can be like treasure cabinets - you don’t get long vistas but every detail and piece of beauty can be seen and cherished ❤️
KkAs at 15.07.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £233,521
- OPs to mortgage = £11,816 Interest saved £5,28 to date
Fixed rate 3.85% ends January 2030
Read 41 books of target 52 in 2025, as @ 9th August
Produce tracker: £272 of £300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.3 -
Lovely to hear from you, Merlin! Sorry to hear things have been overwhelming, but sounds like you have some good strategies in place. And excellent work on clearing the student loan, that must be a weight off your shoulders 👏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!!!3 -
Congrats on prioritising self and reducing hours. Well done on clearing the student loan - that is immense too.
Your garden sounds lovely.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 29/7/252 -
A few pictures from the last month or two!
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 20254
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