We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 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!

Final push .£50,000 in two years .Can i do it ?

Options
2456710

Comments

  • savingholmes
    savingholmes Posts: 28,919 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Fantastic - you certainly show us all how it's done.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Thank you savingholmes for your encouragement ,you help to keep me motivated ..Everything is due as always to my wonderful husband who works seven days a week and to the very simple life we are living and to the fact we have taken every part of our budget down to the bone .
  • savingholmes
    savingholmes Posts: 28,919 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hopefully it won't be necessary for him to work so hard for too much longer. You are doing your share with your part time job and ebaxing 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Thank you savingholmes.

    Week 3 ..£500 into PBs .Total £1500..Selling numbers not so good this week .I am at just over £60 but i have today ,Sat and Sun to go so three more days ,i am hoping to get to the one hundred pounds mark so i need to think of something .Thinking cap on !!
  • savingholmes
    savingholmes Posts: 28,919 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Good luck with listing the right things
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Thank you savingholmes , im just over three pounds away from the one hundred pounds mark
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Week 3 numbers ..

    Money saving in PBs for mortgage £500 ..Total £1500
    Other savings £100 ..Total £600..I missed the hundred by three pounds but took it from another pot to make it up to the £100 ..

    Very pleased with the first three weeks numbers ,all on target and the extra savings number is brilliant too...I think i will be over on my food budget this week as i had been eating up everything i had in the fridge ,freezer and cupboards so any extra i spend will have to come out of this weeks savings 
  • savingholmes
    savingholmes Posts: 28,919 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great progress 👌
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Thank you savingholmes

    Week 4 £500 in to PBs /Mortgage Total £2000
    Other savings had £600 in it and this weeks savings were around £80 but i have paid some directly off the mortgage so now have .Total £400


  • ManekiNeko
    ManekiNeko Posts: 238 Forumite
    100 Posts First Anniversary Name Dropper Photogenic
    Wow, you're making great progress and definitely living up to your name, Try Harder.

    What's MC money? Couldn't work that part out 🤔 
    Completed on first home: 30 June 2022
    Mortgage outstanding: £68,499 £64,841.60
    OPs made or saved (2022-23): £315.52
    OPs made or saved (2023-24): £690.24
    OPs made or saved (cumulative): £1,005.76 (1.47%)
    Interest saved to date: £ *to add*
    % of mortgage paid off: 5.34%
    MF date: June 2056 October 2055
    Daily interest costs: £3.10 £2.90 and a half pence (as of 12.02.2024)
    Emergency fund: £0
    Debt to DS: £10,000 £7,209.01. 27.91% repaid (DFD: Aug 2027 Nov 2030)
    Debt to DP: £1,423.55 (this will increase until DS repaid)
    Debt to non-profit: £4,500 £4,239. 5.8% repaid


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
  • 350.7K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.4K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K 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.