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Five Year Fix, Five Year Plan
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Two days into september, and the mini promise I had to spend not much at all has gone kaputt.
However, it's because I've been sorting out other people's birthday presents so maybe it's excusable? One LEGO sent off, one 70th birthday present for my dad, one birthday dinner out for my mum (I guess those two are a bit mixed up because I'll take them both out and his present is something she'll go to as well).
Another birthday present has prompted a lot of buying - branching out from premade cross stitch kits to a pattern and then sourcing the threads myself which obviously has a bigger outlay (threads, bobbins, something to keep them in, a big swatch of aida fabric) but should make life cheaper in the long run (I say, jokingly) - I do do a lot of cross stitch cards and gifts.
Car MOT was not TOO bad for a 14 year old car, lots of niggles, nothing serious. Will need some new tyres in the next 3 months or so - Christmas present for the car, I guess!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 -
The REST of the month, though, we're not going to unnecessarily spend!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 20256 -
OK, I definitely believe you 😘!Merlin's_Beard said:The REST of the month, though, we're not going to unnecessarily spend!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!!!4 -
None of the spends you made sound unnecessary!
Wondering if you could roughly map out your present expenditures for the year and set aside x amount each month? Mine is now about 30 a month but used to be much higher until I spent a year really anyilizing which gifts were not necessary.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)New projection - 14 YEARS 7 MONTHS LEFT OF 20 YEARS (reduced by 17 mths)Psst...I may have started a diary!4 -
Oh I do! This year was messed up due to a big birthday, and, if I'm completely honest, rolling several summer birthdays into getting sorted this week and then spending more on them than I was expecting to for various reasons (which I don't begrudge and would do again).rtandon27 said:None of the spends you made sound unnecessary!
Wondering if you could roughly map out your present expenditures for the year and set aside x amount each month? Mine is now about 30 a month but used to be much higher until I spent a year really anyilizing which gifts were not necessary.
I also found my list of jobs for this week which involves sorting frames for various projects (cross stitch - mine; art - a gift from a friend) so maybe already I'm falling off the wagon!
Finally got around to tidying the back of the beginner embroidery that I did and wanged that on the kallax (It's a kids thing so that's definitely not going up on the wall, it can live next to the wonky crochet cow).
My second ever embroidery project has managed to arrive without the printed embroidery, but a quick message to the seller had another one in the post within half an hour - now just to wait for the unreliable postie.
Also been back on prolific for the first time in an age.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 -
Good luck with the embroidery.
Your EF sounds great. I feel you on future car costs though - my car is 10 and I'm hoping it lasts a very long time but who knows.
Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/253 -
I am pleased that your shortened hours have been agreed, you do such a hard job and looking after you is the key part! Garden is beautiful!4
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Week off spent doing very, very, little. Originally I was going to go garden shed shopping (the money is there in the garden fund!) but I called off most of the fun things I was going to do in favour of snoozing. A good if irritating decision - I was so exhausted I wouldn't have enjoyed anything OR made good decisions.
A profoundly (for me) busy week - meal out for book club (Hera went down middlingly well - I liked it. Now reading Villager by Tom Cox, which i haven't started). Then board game club, then a meal out after work on saturday for my dad's 70th, which i still managed to make despite having to drive to the opposite end of the city to drop a stray budgie off at a rescue.
Today is a chores and being tired day!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 -
I hope the budgie appreciated your efforts! 😉
I’m glad you got to have some downtime. The sheds aren’t going anywhere … 😉
KKAs at 15.09.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £230,969
- OPs to mortgage = £12,345 Estd. interest saved = £5,863 to date
Fixed rate 3.85% ends October 2030
Read 56 books of target 52 in 2025, as @ 4th October
Produce tracker: £417 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 -
I am joining you in this, though there may end up being more napping than chores 😳!Merlin's_Beard said:Today is a chores and being tired day!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
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