We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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
Options
Comments
-
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 😊
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 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.3 -
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.My mortgage free diary: https://forums.moneysavingexpert.com/discussion/6498069/whoops-here-comes-the-cheese
GNU Mr Redo4 -
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 20253 -
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 29/7/251
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards