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

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  • try_harder
    try_harder Posts: 1,527 Forumite
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    edited 4 September 2022 at 9:19AM
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    Yes definitely savingholmes ..Thank you rileyg26 and Aimingforthegoodlife
  • try_harder
    try_harder Posts: 1,527 Forumite
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    Week 12 

    £500 has gone in to the PBs .Total £6000 ..This has been a really hard week as my husband was unable to go to work for a couple of days so we made the money up from selling and also sold a couple of larger items that brought in enough to reach the £500 target ,so relieved to get that week over with now on to week 13,


  • savingholmes
    savingholmes Posts: 27,676 Forumite
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    Hope your OH recovers quickly 
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 235 payments to go - now £182,428 Equity 27.02%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £6.7K on 0% spends card but offset by £34.2K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £10.1K/£127.5K AVC target 8% value at 15/5
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.1K
  • try_harder
    try_harder Posts: 1,527 Forumite
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    Thank you savingholmes ,hes still struggling but back working thank goodness.

    Week 13 .£400 in to PBs so far this week ..I like the term pay yourself first and this  is what i have been doing and it is working very well .There isnt much left once ive put away our savings ,paid the mortgage ,filled all the pots etc but we are very lucky to be able to do all this so i am very grateful
  • savingholmes
    savingholmes Posts: 27,676 Forumite
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    I am glad this is helping give you more options for the future too. 
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 235 payments to go - now £182,428 Equity 27.02%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £6.7K on 0% spends card but offset by £34.2K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £10.1K/£127.5K AVC target 8% value at 15/5
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.1K
  • try_harder
    try_harder Posts: 1,527 Forumite
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    Yes that is very true savingholmes ,thank you .The more i can pay off the mortgage in the time ,the more options i will have and maybe even the option to stay here, i am just playing it by ear at the minute and if something nice and in our price range comes up i may still move .Its good to have several options

    Week 13 and i am trying to push the money even further so this week i have saved £525 from work ,food savings ,selling etc 
    £475 in to PBs .Total £6475
    £75 in to mort OP. 

    I am very pleased with how this week has gone ..I have got much better at meal planning and that is definitely saving me money 
    Now on to week 14
  • savingholmes
    savingholmes Posts: 27,676 Forumite
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    Well done on the money saving and meal planning.

    I've just succumbed to getting a couple of veggie carveries on TGTG. I am hoping my chicken defrosts before then and that I can get that cooked while I'm picking it up! My freezer and store cupboard suggest I can limit my shopping without impact but my follow through isn't great.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 235 payments to go - now £182,428 Equity 27.02%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £6.7K on 0% spends card but offset by £34.2K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £10.1K/£127.5K AVC target 8% value at 15/5
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.1K
  • try_harder
    try_harder Posts: 1,527 Forumite
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    Thank you as always savingholmes 

    We often have a veg carvery ,only £2.25 after nine at our local restaurant .We usually have one on a Sunday 
  • savingholmes
    savingholmes Posts: 27,676 Forumite
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    The carvery was lovely and I got chicken cooked in time.  D D was happy on returning from abroad as I bought enough for her too
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 235 payments to go - now £182,428 Equity 27.02%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £6.7K on 0% spends card but offset by £34.2K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £10.1K/£127.5K AVC target 8% value at 15/5
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.1K
  • try_harder
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    Week 14 .
    So far this week £500 in to PBs .Total £6950 plus i have sold two larger items making around £140 , i rounded that up to £150 so total this week in to PBs was £650 ..Total now that i have put in over the 14 weeks is £7100
    Mort OP £75 this week too .

    We are going away for a few days  but i have been putting money away weekly over the year for holidays so fingers crossed it wont impact next weeks savings too much. Very happy with how this week has gone ,i am right on target for where i should be at this point and very grateful

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