We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

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

Options
1456810

Comments

  • try_harder
    try_harder Posts: 1,527 Forumite
    First Anniversary First Post Combo Breaker
    Options
    Savinghlmes .That is the plan thank you ..It is starting to take shape .We are on room one 

    LadyWithAPlan .Thank you.I am looking forward to the draw tomorrow with great excitement ,i know there are a lot more prizes this month and am hoping i will get one even if it is the smallest 

    Week 16 final numbers £150 in to PBs this week .Total £7650. Not such a good week this week as i set some aside for our holiday extra to what we had already saved ,fingers crossed i will put some back ,it will depend what we spend ,.We are away now until the weekend 
  • savingholmes
    savingholmes Posts: 27,886 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Options
    Enjoy your break.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 234 payments to go - now £181,773 Equity 27.3%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £8K on 0% spends card but offset by £34.3K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £11.3K/£127.5K AVC target 8.97% value at 15/7//24
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.3K at 12/7/24
  • try_harder
    try_harder Posts: 1,527 Forumite
    First Anniversary First Post Combo Breaker
    Options
    Well no PB wins and i was so sure i was going to win something this month ,ah well another chance next month ..

    Thank you savingholmes ,we are having a lovely break by the sea and the weather has been good so far .

    Not much to say on the money front ,i havent put anything aside this week so far only spent money so i will have a good round up at the weekend 
  • try_harder
    try_harder Posts: 1,527 Forumite
    First Anniversary First Post Combo Breaker
    Options
    Week 17 final numbers 
    £350 in to PBs ..Total £8000 ..I am very happy with this number 

    On now to week 18 .I am hoping to save £400 this week if i can stay within my budget

  • savingholmes
    savingholmes Posts: 27,886 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Options
    Making steady progress.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 234 payments to go - now £181,773 Equity 27.3%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £8K on 0% spends card but offset by £34.3K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £11.3K/£127.5K AVC target 8.97% value at 15/7//24
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.3K at 12/7/24
  • try_harder
    try_harder Posts: 1,527 Forumite
    First Anniversary First Post Combo Breaker
    Options
    Thank you savingholmes

    Week 18 final numbers 
    £500 into PBs .Total £8500..I have done really well this week .I am now using the envelope method ,i find it so much better than using my card ,i really do think about the money before i take it out of the envelope .On to week 19
  • savingholmes
    savingholmes Posts: 27,886 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Options
    Well done. Glad the envelopes are helping too.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 234 payments to go - now £181,773 Equity 27.3%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £8K on 0% spends card but offset by £34.3K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £11.3K/£127.5K AVC target 8.97% value at 15/7//24
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.3K at 12/7/24
  • try_harder
    try_harder Posts: 1,527 Forumite
    First Anniversary First Post Combo Breaker
    Options
    Thank you savingholmes as always. 

    Week 19 is almost over .My weeks run from Monday to Sunday 
    £600 in to PBs this week due to lots of extra bits that were added so total now is £9100..Very happy with that .Almost at the £10000 mark
  • newgirly
    newgirly Posts: 9,017 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Options
    Juts read your diary tryharder, amazing progress well done! 
    2022 MFW 67 - 33 month challenge to clear mortgage, currently month 19 🙂MFI3 No.12
  • try_harder
    try_harder Posts: 1,527 Forumite
    First Anniversary First Post Combo Breaker
    Options
    Thank you very much newgirly  , i am very surprised at myself to be honest that i am doing so well..I wish i could have been this focused years ago , i would not have still been paying this never ending mortgage ..Ah well, cant turn back the clock sadly
Meet your Ambassadors

Categories

  • All Categories
  • 344.7K Banking & Borrowing
  • 250.6K Reduce Debt & Boost Income
  • 450.4K Spending & Discounts
  • 236.9K Work, Benefits & Business
  • 610.8K Mortgages, Homes & Bills
  • 173.9K Life & Family
  • 249.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards