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Five Year Fix, Five Year Plan

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  • KajiKita
    KajiKita Posts: 7,681 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Oh what a relief!! 😊👏
    I hope it actually comes off this time … 🤞

    Shame about the food budget but tbh I would be regarding that as the cost of survival at a difficult time! Once you are working fewer hours you can back into batch cooking etc. For now, don’t worry about it too much 😊

    KK
    As 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 40 books of target 52 in 2025, as @ 29th July
    Produce tracker: £243 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. 
  • redofromstart
    redofromstart Posts: 5,843 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    That sounds like good news. I hope you get it in writing quickly so that you are in a better contractual position in the future. 
  • Merlin's_Beard
    Merlin's_Beard Posts: 1,483 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    End of month squared away, all set, next month all totted up.

    Have had to query pay because I think I've been paid for a sick day I shouldn't have got (and colleague has recently been chased up for a day she took in november). sent the email last night - no reply as yet.

    Technically "extra" money this month and next anyway, because no student loan and reduced hours aren't kicking in until september, so I'm throwing that into "new car fund" (sitting at £4k at the minute so the old one better keep going for a bit!)

    Have been for a drink to meet up with a new book group, which is an offshoot of a board game group I went to for the first time the other week - so hopefully a new social outlet for me.

    Theatre tickets booked for various points over the next twelve months - comedy, Six, and Operation Mincemeat.
    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
    Good to have plans to look forward to. Great news that the reduced hours are back on. What a relief.
    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
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