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Getting the balance right

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  • Oh I may put this as my fav waterfall now, this is beautiful as well! I always find myself pleasantly surprised when an adventure which doesn't cost a lot, is so much fun! Sometimes, get caught up in this spending is fun lark!
  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The views look stunning. I'd have to trek quite a way I think to find any waterfalls near me!!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    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 £4.8K updated 29/7/25
  • elantan
    elantan Posts: 21,022 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 31 July 2022 at 7:13PM
    you should pop up to us @savingholmes were falling over them  :D 

    just had an email from Ovoe telling me my fixed term is ending soon and I should think about fixing again for the next year/two year ... offering me a deal costing me £548 a month ... I wonder if they will take claps and a deep sense of job satisfaction for payment ?

    Been called out twice already, I think I will be put another few times before I'm finished my  oncall ... will need the money to pay the gas bill by the sounds of it 
  • It's a gorgeous country we live in elantan. I really should take more advantage of it but Mr F is still struggling with long covid and it really does limit us a bit.
    MFW 2024 £27500/7500 Mortgage £129,500 Jan 22 Final payment June 38 Now £68489.08 FP May 36 Emergency Fund £20,000 100% Added to ISA 24 £8,060 Save 12k in 24 #31 £20,034.76/20,000 Debt Free 31.07.14
  • elantan
    elantan Posts: 21,022 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It's a gorgeous country we live in elantan. I really should take more advantage of it but Mr F is still struggling with long covid and it really does limit us a bit.
    yep sadly long covid is horrendous, I hope he recovers fully and soon, I'm still not 100% but I am so much better than I was 
  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I'd love to come up your end but you sound very up north. The furthest I've ever been is Skye and that felt a trek and a half.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    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 £4.8K updated 29/7/25
  • elantan
    elantan Posts: 21,022 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 1 August 2022 at 10:23AM
    spending for last month written up on the board, we spent £236 on food £80 on eating out / takeaway and £231 on alcohol, Mr El had a week throughout the month with no alcohol, that's the most he has done for a long time, it wasnt 7 days in a row ( that would be very dangerous) but it was 1 or 2 days here and there,  I'm very proud of him for trying. 

    I feel £236 on food isn't great but I know that isnt including butcher meat and fish etc, so it's not too bad I spose. 

    I think i will move onto a standard variable rate when the gas and electricity comes up for renewal, maybe keep the money in the bank and just pay the bill every 3 months or so 
  • beanielou
    beanielou Posts: 95,993 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Well done Mr el.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It sounds an improvement. You have to take the wins you can get.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    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 £4.8K updated 29/7/25
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